High street gaps filled by independent businesses as chains suffer September 16, 2021 Independent shops are filling gaps on high streets left after the shuttering of chain stores, recording their first rise in numbers in four years. Some 804 locally run convenience stores, barbers, bakers, cafes and fast-food outlets opened in the first half of 2021, according to Local Data Company (LDC) analysts. While local retailers enjoyed new [...]
Bitcoin edges closer to $50k as Ethereum’s Vitalik Buterin makes Time September 16, 2021 Bitcoin is back above $48k again this morning, as bulls eye another chance to creep over the psychologically-important $50k mark.
Cabinet Reshuffle: The ins and outs in Boris Johnson’s Cabinet September 16, 2021 Prime Minister Boris Johnson has reshuffled his top team, bringing a raft of new faces into his Cabinet. Most of the big moves were made on Wednesday afternoon, with junior ministerial appointments continuing Thursday. But who is in and who is out? The Ins Liz Truss – Foreign Secretary The South West Norfolk MP has [...]
Reshuffle: Boris Johnson keeps one-time saboteur Michael Gove close September 15, 2021 Seeing Michael Gove as a man who can get a tough job done, the Prime Minister has tasked his one-time saboteur with taking on responsibility for his flagship “levelling up” agenda. Bascially, Boris Johnson wants to keep his allies close and Michael Gove even closer. All that while tackling the housing crisis and pushing through [...]
Higher than expected inflation clip drags London markets down September 15, 2021 London’s FTSE 100 dipped today, driven lower by a higher than expected inflation clip in August fuelling concerns the Bank of England may rein in stimulus measures sooner than forecast. The capital’s premier index closed down 0.25 per cent to 7,016.49 points, while the mid-cap FTSE 250 finished 1.07 per cent to lower, dropping to [...]
Reshuffle: Robert Jenrick leaves cabinet after one controversy too many September 15, 2021 Robert Jenrick sought to present himself as a clean-cut professional in the Cabinet, but the axe fell on the housing secretary after a string of high-profile and damaging accusations. His sacking from Boris Johnson’s top team followed the unlawful approval of a Tory donor’s housing development and his eyebrow-raising journeys during lockdown. As Secretary of [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 15, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Falcon posts City veteran Joe Nally to board Falcon Oil & Gas has posted Cenkos co-founder Joe Nally as a new non-executive chairman to the board of the company with immediate effect. Nally, a City veteran, [...]
Solana outage fixed as wider cryptocurrency market recovers September 15, 2021 Bitcoin continues its recovery after last week’s crash, currently sitting at more than $47,000 for the first time in five days.
Are regulators starting to embrace digital assets? September 14, 2021 Writing for Crypto AM, Jonny Fry examines the regulation of cryptocurrencies and points to what a future under scrutiny could look like.
Nike shares fall as footwear giant could lose production of 160m pairs of shoes September 14, 2021 Nike is at risk of losing the production of 160m pairs of shoes after the shutdown of factory operations in Vietnam due to Covid. Nike shares were down 2.5 per cent on Tuesday morning after the sportswear giant was downgraded from neutral to buy at BTIG. Manufacturing in the country was paused in July after [...]