Uber sees “green shoots” of recovery as recruitment spree gets into gear April 29, 2021 Uber are planning to hire an additional 20,000 drivers across the UK this year as the firm sees the first signs of an economic recovery. The firm’s Northern and Eastern Europe boss Jamie Heywood, who is based in London, told City A.M. that “green shoots” are “coming through exceptionally strongly” as lockdown restrictions loosen. Read [...]
City fund managers discuss post-pandemic opportunities, with NatWest, Lloyds and BP topping the list April 28, 2021 As the economy slowly recovers from what has been a dramatic year, and investors gradually dare to think again about growth and investment, City A.M. checked in with a number of prominent Square Mile-based fund mangers to find out where they spot opportunities as London’s investment community starts to shake off the pandemic. Banking, energy [...]
Sunday Sitdown: ‘Skittish’ banks need to up their game, says CEO of Ezbob April 25, 2021 Following a nightmare year that was hugely disrupted by the pandemic and three subsequent lockdowns, the City is slowly switching into recovery mode as the economy starts to re-open and many sectors are coming back to life. To discuss the way back up, City A.M. sits down with Tomer Guriel, chief executive of Marble Arch-based [...]
Where to eat… In the City April 23, 2021 In a new bite-sized column, we’ll be focusing on an area of London and selecting three of our favourite restaurants, one for breakfast, one for lunch and one for dinner. For the first instalment we have, of course, chosen the City, the regular haunt of our Life & Style editor Steve Dinneen for well over [...]
Hospitality groups gear up to take on insurers over business interruption cover April 23, 2021 Hospitality companies hit hard by the pandemic are forming groups to take on their insurers, in the hope of receiving business interruption cover they believe they are owed. The hospitality businesses involved believe they are owned payouts from their insurers after the coronavirus and subsequent restrictions left them unable to serve customers for months at [...]
Captain Tom 100 to raise money on hero’s birthday – how to join April 23, 2021 City A.M. is proud to support the Captain Tom 100, a challenge to raise funds for charities over Captain Sir Tom Moore’s birthday weekend starting next Friday. The event, which will run until Bank Holiday Monday 3 May, will celebrate the remarkable achievements of Captain Tom, who walked 100 laps of his garden raising £38.9m [...]
Corona Impact Series: A Tottenham kitchen on a mission to make Londoners eat more plants April 22, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. Today: allplants, a plant-based food delivery startup that had no choice but to scale rapidly during the pandemic. The plant-based food brand allplants was created by Jonathan Petrides and [...]
Drinking around the world: The Scots-Armenian wine alliance April 22, 2021 The Scottish Borders are famous for Sir Walter Scott’s old home Abbotsford House, Jedburgh snails and Hawick Balls boiled sweets, as well as being the birthplace of the “voice of rugby” Bill Maclaren. Somehow, it has also become the hub of Armenian wine appreciation and the UK’s centre of south Caucasus viniculture. “I knew Armenia made [...]
Shopper, drinker and diner numbers recover as UK retailers and hospitality firms reopen April 22, 2021 Restaurant and pub reservations soared and shoppers headed back to the high street in vast numbers as coronavirus restrictions on outdoor hospitality and retailers lifted. The latest data showed that UK seated diner reservations on Saturday reached 60 per cent of the levels seen on the equivalent day in 2019, pre-pandemic. Figures were even higher [...]
Booze brand Pernod Ricard set to toast full-year profit growth April 22, 2021 Pernod Ricard today said it forecast strong profit growth for the full year after cashing in on boosted demand for its drinks in the third quarter. The French booze group, which owns brands including Absolut vodka and Beefeater gin, posted sales of €1.9bn (£1.6bn) in the three months to the end of March, up 19 [...]