Crypto Seen From Space: Creating The Right Mindset For Growth June 11, 2020 The other night, while on my terrace, sheltered under a flimsy tarp, I had one of those ‘moments of insight’ (it seemed meaningful at the time). Rain poured from the sky in volumes exchanges can only dream of with the local weather observatory classifying the storm as ‘black rain’. Waiting it out, I stumbled upon [...]
Segro to raise £650m through private share placement to pursue ‘opportunities’ June 9, 2020 Property investment firm Segro has announced it will raise £650m through a private share placement to pursue “opportunities” across the UK and Europe. In a statement released after markets closed, Segro said the new equity would allow it to “take advantage of additional investment opportunities across the UK and Continental Europe through further, mostly pre-let, [...]
Coronavirus unemployment could take seven years to rebound, says think tank June 9, 2020 Levels of unemployment could take seven years to be restored to pre-coronavirus levels, according to a leading UK think tank. Torsten Bell, chief executive at The Resolution Foundation, said today there had been “way too much talk of a v-shaped [economic] recovery” and that based on historical precedents it will take almost a decade for [...]
DEBATE: Is the proposal to suspend Sunday trading laws misguided? June 9, 2020 Is the proposal to suspend Sunday trading laws for a year misguided? Rachael Maskell, Labour MP for York Central, says YES. Shop workers have been at the forefront of responding to our needs during this crisis. They immediately stepped up to meet the demands in their communities to ensure that everyone was able to receive [...]
Coronavirus: New fund launched to create apprenticeships in London June 9, 2020 A new fund has been launched by City Hall and a leading London think tank to provide retraining opportunities to London businesses affected by coronavirus. The London Progression Collaboration – run by the Institute for Public Policy Research (IPPR) and the Greater London Authority – launched the fund today, with £500,000 already pledged by companies [...]
Ocean Outdoor revenue drops as coronavirus hits advertising industry June 8, 2020 Digital advertising group Ocean Outdoor today reported a dip in revenue for the first quarter of 2020 as demand for advertising continues to nosedive amid the coronavirus crisis. The figures The billboard giant announced that group revenue sank four per cent to £27.4m in the first quarter of 2020 on a pro-forma basis, down from [...]
Face coverings mandatory for all England hospital visitors from 15 June June 5, 2020 It will be mandatory for all hospital visitors and outpatients in England to wear face coverings from 15 June, while all hospital staff will be required to wear surgical face masks. The change was announced today, after the government made face coverings mandatory on all English public transport networks yesterday. Health secretary Matt Hancock made [...]
Survive and thrive: Spencer Matthews’ low-alcohol brand is Clean-ing up June 5, 2020 London’s businesses have been forced to weather a storm they never saw coming, but many have pivoted to new ways of doing business. Today, City A.M. talks to the reality TV star-turned-entrepreneur Spencer Matthews about his Clean Liquor Company, selling low-alcohol spirits on Instagram and global ambitions For any business, at any time, consistently increasing [...]
Sadiq Khan calls for compulsory face coverings in all stores June 5, 2020 Sadiq Khan has called for the government to make face coverings mandatory in all stores, after they were made compulsory on all English public transport networks yesterday. The mayor of London said he welcomed the “U-turn from the government” on making coverings compulsory on public transport, but said it should go further. Non-essential retail shops [...]
The business of running: Trainer sales and fitness apps boom in lockdown June 5, 2020 Running in the UK has been booming for years, with Parkrun events attracting hundreds of thousands each Saturday and amateur athletes comparing their fastest times on new tracking apps. That trend has only accelerated under the coronavirus lockdown, albeit in a more solitary way. As normal life has ground to a halt, huge numbers of [...]