Post-Brexit reforms: Hunt aims to ‘turbocharge’ economy with biggest banking shake-up in 30 years December 9, 2022 Chancellor Jeremy Hunt has unveiled plans to “turbocharge growth” with the biggest shake-up in banking reforms for three decades. His so-called Edinburgh reforms announced this morning seek to “seize the benefits of Brexit” by cutting EU red tape for the financial sector. The new measures build on the government’s Mansion House 2021 package, with a [...]
Bitcoin is dead! Long live Bitcoin! December 9, 2022 Jason Deane opens up the newspapers to see why the media so gleefully jumps on negative stories about Bitcoin and the wider crypto world.
FTSE 100 dogged by investors souring on Ashley’s Frasers Group December 8, 2022 London’s FTSE 100 was dogged down today by retail tycoon Mike Ashley’s Frasers Group sinking to the bottom of the index. The collection of the capital’s top companies dropped 0.23 per cent to 7,472.17 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.56 [...]
The best (and worst) supermarket Christmas sandwiches 2022 December 8, 2022 It’s beginning to look a lot like, City A.M.’s annual Christmas sandwiches taste test! Don’t we treat you well… The City A.M. team have been torn away from writing about all the important stuff to chow down on some delicious Christmas sandwiches, as well as some truly awful ones bringing Scrooge energy that really should [...]
In The Style owners mull sale as founder returns to head fast fashion retailer December 8, 2022 A sale of fashion firm In The Style is being considered while the retailer’s founder will return to head the firm next year. Investment bankers at Lincoln International have been hired to assist with a strategic review of the firm, which may result in a sale of the firm or some of its assets. The [...]
Tube trips in shopping hotspots hit one million as people fall for Christmas frenzy December 7, 2022 Trips on the tube to key shopping centres have reached pre-pandemic levels, as the Elizabeth Line and Christmas rush boosts retail. More than one million entries and exits were recorded on 3 December at stations such as Oxford Circus, Knightsbridge and High Street Kensington, figures published today by Transport for London (TfL) showed. Tottenham Court [...]
Moonpig customers purchasing cheaper gifts and ‘hesitating’ due to Royal Mail strikes December 7, 2022 Shoppers hunting for birthday and anniversary presents are forking out for cheaper options and hesitating to send cards due to postie walk-outs, Moonpig’s boss has said. Ongoing disruption from Royal Mail strike days was “clearly not helpful” to the greetings cards business, CEO Nickyl Raithatha told CityA.M., as customers expected deliveries on specific days. Customers [...]
December strikes: Who’s walking out when and how will it affect you? December 6, 2022 December is set to be a month blighted by industrial strife, with everyone from nurses and posties to train drivers and security staff to walk out. With inflation reaching a 41-year high at an eye-watering 11.1 per cent, thousands of workers have voted to down tools and ask for a real-term increase in pay. As [...]
‘Thousands of jobs at risk’: Bar bosses despair over fresh Christmas rail strikes December 6, 2022 Pub and bar bosses were last night left despairing over a slew of fresh strike dates, which fall over Christmas. Rail union RMT announced three more days of walk-outs on Monday night, with workers set to strike from 6pm on Christmas Eve to 6am on 27 December. Industrial action had already been planned on 13, [...]
RMT announces three more days of rail strikes over Christmas December 5, 2022 The union RMT has announced three more days of strike over Christmas as it put Network Rail’s offer to its members with the recommendation to reject it. Workers are set to walk out from 6pm on Christmas Eve to 6am on 27 December. This will be in addition to the planned industrial action on 13, [...]