US stocks open higher to reverse yesterday’s losses July 9, 2021 US stocks opened up on Friday, helping to pare back sharp losses on Thursday. The blue-chip S&P 500 added 0.84 per cent in morning trading to reach 4,357. The tech-heavy Nasdaq gained 0.67 per cent, while the Dow Jones was up sharply by 1.11 per cent during the open. American benchmarks’ rebound was driven by [...]
Euro 2020: What an England win could mean for the UK economy July 9, 2021 “England don’t do that – they don’t win those types of games” so said a friend after the three lions beat Denmark 2-1 after extra time in their Euro 2020 semi-final on Wednesday. They do – just once every 55 years. Scenes of jubilation across London after Gareth Southgate’s men reached their first final since [...]
Buy now pay later schemes need light-touch regulation to protect consumers and nurture economic growth July 9, 2021 The rise of buy now, pay later schemes has been remarkable in the UK. New financing products have flooded the market and revolutionised the online retail and consumer credit market. The use of delayed payments has nearly quadrupled in 2020, with 5 million people using them since the start of the pandemic. Klarna, now the [...]
Extra bank holiday if England wins Euro 2020 final? Boris Johnson keeps us guessing July 8, 2021 The Prime Minister has come under pressure to consider a one-off day off in the event of the Three Lions winning the tournament after defeating Denmark 2-1 at Wembley last night. Boris Johnson has refused to rule out the prospect of an emergency bank holiday should England win Euro 2020 this coming Sunday. Asked during [...]
Exclusive: BAM signs £95m deal to redevelop St Pancras industrial estate July 8, 2021 Construction firm BAM has been brought on by property firm W.RE to redevelop an old industrial estate near St Pancras’ hospital in Camden, City A.M. can reveal. Under the £95m deal, the firm will build offices, retail and two separate residential buildings on the site, as well as a new mini park. The St Pancras [...]
Brexit no obstacle for Watches of Switzerland as it eyes expansion into Europe July 8, 2021 Europe is firmly on the radar of luxury retailer Watches of Switzerland. Under a new five-year plan, the group aims to enter the European luxury watch market through acquisitions and new boutiques in a shift away from its previous focus on the UK and US. Britain’s biggest retailer of Rolex, Cartier, Omega, Tag Heuer and [...]
WH Smith’s airport takeover is InMotion after Dixons Travel shop deal July 8, 2021 WH Smith's airport takeover is InMotion after Dixons Travel shop deal
LSE’s biggest tech IPO ever: Blindfolded Wise begins £8bn public era July 7, 2021 The positive start to trading for fintech giant Wise, going public this morning, means the payments firm has become London’s largest ever tech listing. The firm saw its valuation swell to £8bn, marking a major boost for the capital’s tech scene. It’s a big step up from the £5bn price tag attached to the company [...]
Nightlife bounce back: Boom Battle Bar bags prime Oxford Street retail space July 7, 2021 London’s Great Portland Estates has pre-let a prime Oxford Street retail space to competitive socialisation operator Boom Battle Bar, in a post-pandemic investment for both retail and hospitality. The 15,200 sq ft space at 70 Oxford Street, part of the redevelopment of the area, is a prime capital spot for a bar looking to capitalise [...]
Three very cool roles open in London right now July 6, 2021 Are you looking for a new job at the moment? We have some great news – loads of brilliant companies are hiring this summer, all over the UK and beyond. This week, we wanted to highlight some really cool jobs that are open in London. Check them out and be sure to apply if they’re [...]