Use furlough scheme to help sick employees isolate, says think tank December 9, 2020 The government should use the furlough scheme to encourage more workers to self-isolate at home, as the current statutory sick pay regime does not go far enough. Self-isolating has continued to be a major factor used to control the spread of the Covid-19 virus throughout the pandemic, with all those with coronavirus symptoms urged to [...]
Placing London in Tier 3 would deliver ‘killer blow’ for hospitality venues December 8, 2020 Placing London in Tier 3 would represent a “killer blow” for the capital’s hospitality venues, the UK’s leading business bodies have told City A.M, amid fears that tougher restrictions lie on the horizon following a rise in infections. Latest data from Public Health England showed that London’s infection rate now stands at 169.6 per 100,000 [...]
Sunday’s shopping surge beats Black Friday to largest shopping day of the year December 8, 2020 In what will be seen as a big boost for retailers, this past weekend has beaten Black Friday to the current crown of busiest shopping day of the year so far. This follows data released by Barlcayard Payments, which processes nearly £1 in every £3 spent in the UK, revealing that this weekend was the [...]
Grocery sales on track for bumper Christmas after reaching record high in November December 8, 2020 November was the largest month ever for the UK’s grocery market as out of home socialising was restricted by a second national lockdown, figures show. Market researcher Kantar said grocery sales rose 11.3 per cent in the 12 months to 29 November and climbed 13.9 per cent year-on-year in the last four weeks. Last month [...]
UK hiring outlook weakest in Europe as Covid hits London jobs market December 8, 2020 UK companies are the most pessimistic in Europe about hiring in the first quarter of next year, according to a major survey, with London’s jobs outlook hitting its lowest level on record as the hospitality industry is battered by coronavirus. However, the overall jobs outlook for the UK for the first three months of next [...]
Consumer spending rises ahead of Christmas but retailers still feeling the pinch December 8, 2020 Early Christmas shopping helped boost consumer spending last month but lockdown restrictions continued to hit retailers. Spending dropped 1.9 per cent last month as restrictions took effect but spending on essential items climbed 4.9 per cent, according to the latest data from Barclaycard. Supermarkets enjoyed a 17.9 per cent rise in sales with a staggering [...]
Crypto AM shines its Spotlight on Coinrule December 7, 2020 Coinrule is a beginner-friendly and safe trading platform enabling you to send automated trading instructions to your favourite exchanges such as Binance, Kraken and Coinbase. Its intuitive interface gives you the tools you need to compete with professional ‘Algorithmic’ Traders and Hedge Funds. Today, up to 90% of markets are managed by ‘bots’, run by [...]
Sadiq Khan calls for Sunak to U-turn on scrapping VAT exemption for tourists December 7, 2020 Sadiq Khan has added his voice to the chorus of figures calling for Rishi Sunak to U-turn on his decision to scrap the UK’s VAT exemption for tourists. Khan today said the move would be “hugely counter-productive” as the UK economy recovers from the Covid crisis next year and that revenue lost from the change [...]
Londoners rush back to the shops as lockdown ends December 7, 2020 Londoners rushed back to the capital’s shopping destinations this weekend as people across the country welcomed the end of lockdown with some much needed retail therapy. Data from market research firm Springboard showed that across all UK retail destinations footfall increased 93.5 per cent on Saturday. There was an especially large surge in shoppers in [...]
The Week Ahead: Brexit, ECB rates, Rolls Royce, Ocado and Airbnb IPO December 7, 2020 City A.M. takes a look ahead at the main events shaping the markets this coming week, analysing what is to come with City insider Michael Hewson, chief market analyst at CMC Markets UK. Monday: Ted Baker When Ted Baker announced in June it was looking to raise over £100m at a discounted price of 75p [...]