Tour de France remains ‘absolutely unimaginable act of suffering’ July 1, 2022 It may be over 3,000km of blood, sweat and tears but it grips us for one month of the year. When the Tour de France peloton embarks upon its Grand Depart in Copenhagen today, its twists and turns will no doubt draw us into cycling’s most prestigious event. Starting in Denmark before weaving down the [...]
Tech Weekly: Crypto plummets, and analysing tech stock rout in 2022 May 13, 2022 This week City A.M.’s Charlie Conchie talks to Lorne Daniel, Technology Research Analyst at financial services company finnCap. They unpick a very rough quarter for tech companies and tech stocks, and go through what’s to come. Charlie also takes us through the main headlines this week — multiple cryptocurrencies have plummeted in value, pressure is [...]
Ed Warner: It is time we sent London 2012 to the back of the cupboard May 12, 2022 It took me 20 minutes from the Central Line platform via Peloton Avenue to cover the half mile to the Lee Valley VeloPark. Admittedly I wasn’t exactly walking at Tom Bosworth pace, and a few hazy-memoried wrong turns out of Westfield didn’t help as I went in search of ‘10 Years On’, a new exhibition [...]
Giro d’Italia: Peloton ready to depart in first Grand Tour of year May 3, 2022 Cycling’s first Grand Tour of the year begins on Friday when the 105th Giro d’Italia peloton gets ready to embark around the boot-shaped Mediterranean nation. Here is everything you need to know about the race for the pink jersey. Giro route Like the Tour de France often does, this year’s Giro will start beyond the [...]
Activist investor rounds on new Peloton chief for lack of reform April 13, 2022 The activist investor that moved to oust former Peloton boss John Foley has now rounded on its new chief, claiming he has failed to reform the company’s governance and has not made a credible case for it to remain independent.
Opinion-in-brief: Rishi is rich – he needs to stop pretending otherwise March 30, 2022 Rishi Sunak is, to put it simply, loaded. During the pandemic we chuckled at his £180 smart mug which kept his tea warm, we mocked him gently for his confessions-of-a-Peloton addict-style foibles. Many were a little taken aback when his wife, Akshata Murthy, headed to Loulou’s in Mayfair on the night after lockdown ended – [...]
LoopUp shares fall 35 per cent as return to the office scuppers stay at home stocks February 15, 2022 Lockdown darling LoopUp proved the return to the office was in full swing yesterday, after reporting a lacklustre trading update which sent shares plummeting by more than 35 per cent. Despite reporting a 60 per cent drop in revenue from 2020 levels, the conferencing software firm sought to reassure investors, saying the drop was “in [...]
New Peloton chief bats away takeover talks after Amazon and Nike investor buzz February 14, 2022 Peloton’s new chief exec has denied claims that the firm is gearing up for sale, subduing investor excitement that the fitness company was about to be scooped up by Amazon or Nike.
Explainer-in-brief: Peloton to ride high again February 10, 2022 They were the darling of the pandemic, and then they flopped. The American exercise bike company Peloton was a 15-minute story of fame for the ages. Its fortunes soared as the likes of Rishi Sunak and Miley Cyrus bragged about their secret spinning habit, but after gyms reopened, they floundered. Even more so after they [...]
Peloton ousts boss and slashes 2,800 jobs in sweeping cost-cutting plans February 8, 2022 Home fitness firm Peloton will oust its chief executive and slash thousands of jobs as part of sweeping cost-cutting plans amid falling demand for its fitness products. In a trading update today, boss and co-founder John Foley said he will step down as CEO and become the executive chair, while Barry McCarthy, the former chief [...]