Global markets slump amid fears of mutant virus and UK border chaos December 21, 2020 The FTSE 100 and US and European stocks tumbled on Monday while the pound slumped after countries banned travel from the UK over fears of a new coronavirus strain. Adding to the gloom on markets was the impasse in post-Brexit trade talks between the UK and the EU. Rising coronavirus cases in Britain, on the [...]
PM to host press conference later as freight stacks up at border December 21, 2020 The Prime Minister will hold a Downing Street press conference later amidst ongoing chaos at the UK-France border. Despite assurances from French authorities that goods would start moving again after a ban on Brits entering the continent, lorries have begun to stack up at Dover and other ports. The Elysee announced a total ban on [...]
Retailers feel Tier 4 pain as footfall drops 40 per cent December 21, 2020 Retail footfall plunged by 40 per cent in the areas of England put under Tier 4 restrictions such as London, laying bare the impact of the restrictions on shop-owners during the crucial Christmas period. Prime Minister Boris Johnson on Saturday announced London and parts of the south and south east of England would go into [...]
A Crypto Carol: The Ghosts of Blockchain December 21, 2020 Tis the season for crypto-mania. It’s always lovely to see all the crypto girls and boys with pound signs in their eyes huddled around their bitcoin charts waiting to see if Santa Satoshi is going to bring them another bull run before the end of 2020. And of course, the spoiled children are trying to [...]
Westminster year in review: Who is up and who is down in 2020? December 21, 2020 As the UK ushered in 2020 it looked as if Boris Johnson had an unshakeable grasp on Westminster and the Conservative party. Johnson’s election landslide win last December and his victory in dragging the UK out of the EU in January made him look infallible. Before the Open newsletter: Start your day with the City [...]
Covid has led to classic auction boom says Car and Classic CEO Tom Wood December 21, 2020 We speak with Tom Wood, CEO of Car & Classic, about how the market has changed – and which cars have rocketed in value.
Naughty or nice: Which businesses pleased or peeved Santa in 2020? December 21, 2020 Which businesses stood out this year for going above and beyond for customers and staff, and which will be remembered less favourably for their pandemic policies? The last year has certainly been one that will not be forgotten. The last 12 months have been widely been touted “the worst ever” by people around the world, [...]
Breaking up Christmas dinner ‘will not be a priority’, says senior police officer December 21, 2020 Eight people having Christmas dinner together will not be a priority for the police on Christmas Day, according to a senior police officer, despite those in Tier 4 being told not to mix at Christmas. Police Federation chair John Apter told Sky News there would not be extra police on shift during Christmas, and that [...]
Businesses’ capacity for altruism came of age during 2020 — but it mustn’t stop now December 21, 2020 Cast your minds back to March, when the world watched as markets tumbled further each day. As the sheer magnitude of the global crisis gradually became apparent, charities were picking up the phone to corporate and private donors, asking them to give urgently. I remember the conversations vividly with our long-term supporters from the business [...]
The End of the Affair: The EU and UK have very different foreign policy destinies December 21, 2020 As the year draws to an end, City A.M. is looking back at the columns that illuminated the world around us. In The End of the Affair (1951), Graham Greene — to my mind the most underrated novelist of the twentieth century — perfectly encapsulates the chaotic feelings lying behind romantic breakup and emotional calamity. [...]