US reports worst jobs growth since December 2020 November 1, 2024 The US has reported its worst jobs growth since December 2020, as only 12,000 new jobs were added to the economy during September. This was significantly below the 113,000 forecast by analysts, leaving economists describing the numbers as “weak”. However, unemployment held steady at 4.1 per cent, while average hourly earnings rose 0.4 per cent [...]
Government-backed cyber security has a long way to go, warns Arctic Wolf November 1, 2024 The boss of Arctic Wolf, one of the world’s biggest cybersecurity companies, has warned that governments need to invest in cybersecurity. Nick Schneider spoke to CityAM ahead of the Labour government’s first Budget earlier this week. Acknowledging the rise in demand for the sector, he argued: “Whilst it is encouraging that most governing bodies are [...]
The Best Online Casino Sites in the UK November 1, 2024 City AM has pulled together the best online gaming options for our readers. Our team has examined qualities such as user features, game libraries, new and existing customer promotions, and software. We’ve also examined usability, including mobile compatibility and adequate security, key features of all our recommended online casinos. Below we’ve listed our top picks [...]
Asda takeover completes as Issa brothers split made official November 1, 2024 Asda is now under the majority control of private equity giant TDR Capital after billionaire Zuber Issa sold his shares in the supermarket giant. Funds managed by TDR Capital now hold a 67.5 per cent stake in the Leeds-headquartered company while Zuber’s brother Mohsin Issa retains his 22.5 per cent holding. A further 10 per [...]
London Underground strikes called off after ‘significantly improved’ pay offer November 1, 2024 A planned strike by drivers on the London Underground has been called off after what the RMT union has described as a “significantly improved offer” was proposed by bosses. Drivers had been due to walk out from this evening in a row over pay following a vote last month. At the time, the RMT branded [...]
Three hacks for becoming the Leicester City of sport business November 1, 2024 Rooting for underdogs is a national characteristic we need to nurture – and not just on the field, argues Alejandro Scannapieco of digital transformation company Sportian. Everyone loves an underdog, particularly in sport. Whether it’s Emma Raducanu winning the US Open or Leicester City’s historic Premier League title, moments when great odds are overturned in [...]
Mike Ashley defeated: What’s next for Boohoo and will Frasers billionaire seek revenge? November 1, 2024 Retail tycoon Mike Ashley has experienced a rare taste of defeat after fast-fashion giant Boohoo resisted his attempt to become its new chief executive by tapping the boss of Debenhams. Dan Finley is to step into the role which is being vacated by John Lyttle whose departure was announced last month. Mike Ashley’s Frasers Group [...]
Scrapping non-dom regime branded ‘monumentally stupid’ by tax advisors November 1, 2024 Several leading tax and wealth advisors have told City AM that scrapping the non-dom regime without a suitable replacement is a “monumentally stupid decision” that has already prompted some non-doms to leave. One of the key measures introduced in Wednesday’s budget was abolishing the non-dom status, a regime that allowed certain tax breaks for people [...]
Wirecard critics shut down hedge fund November 1, 2024 A hedge fund run by the analysts that spotted potential fraud at German payments firm Wirecard years before its collapse have closed their fund due to its small size, City AM can reveal. Neil Campling and Toby Clothier, founders and managers of the Chameleon Global Master fund, have returned cash to investors and closed the [...]
Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments November 1, 2024 Given the straitened public finances it is understandable to leave no stone unturned when looking to balance the books, and we welcome the much-needed investment in the public services. But business owners, the ones creating jobs, are paying this bill. The likely outcome; job losses. Business owners are the lifeblood of the economy, driving growth [...]