Exclusive: How’s that for a perk? Jefferies buys staff Peloton bikes as lockdown bonus March 22, 2021 Employees at Jefferies, the global investment bank, are set to pedal their way out of lockdown – after the firm gifted staff Peloton bikes as a thank you for their recent work. Analysts and associates received an email from senior staff on Friday. UK staff will be able to select from a Peloton bike – [...]
City A.M. TV – Daily Market Snapshot (video) March 4, 2021 The divergence between the ‘growth’ and the ‘value/cyclical’ parts of the global equity market continued yesterday. Value oriented markets, like the UK’s FTSE100 and parts of the European equity landscape, rallied on the session. The UK’s FTSE all share banks sector, for example, is back at its highest since the start of the pandemic. In [...]
Peloton deliveries disrupted by Brexit and port delays February 5, 2021 Peloton’s stock of treadmills and bikes has been badly hit by Brexit and global shipping congestion, leading to severe delays, according to company CEO John Foley. On Peloton’s website, some items can take eight to ten weeks to be delivered, higher than the four to six week delivery windows earlier this year. The company has [...]
What the tech happened to sport in 2020? December 16, 2020 Comparing the lack of sport with the other crises witnessed this year would be disingenuous. Still, an awful lot of people had large holes in their lives when live sport went off air in 2020. Some entities filled the gap fast, most notably motorsport, in no small part thanks to its embracing of esports. For [...]
Wall Street closes just shy of record on renewed hopes of Covid-19 vaccine November 9, 2020 Wall Street surged ahead today as news of the first successful late stage Covid-19 vaccine trials bolstered hopes of the global economy emerging from a year of pandemic-driven crisis, with the S&P 500 and Dow Jones opening on record highs. News that Pfizer’s experimental vaccine was found to be more than 90 per cent effective [...]
Bad connection: Zoom shares sink after Pfizer Covid-19 vaccine breakthough November 9, 2020 Bad connection: Zoom shares sink 16% after Pfizer Covid-19 vaccine breakthough
Diageo to acquire Ryan Reynolds’ gin brand through Davos Brands deal August 17, 2020 The world’s largest spirits maker Diageo has announced it will buy Ryan Reynolds’ gin brand Aviation American Gin. The company will buy Aviation American Gin, which is co-owned by the Hollywood star, through the acquisition of Aviation Gin and Davos Brands for up to $610m. It will be funded through existing cash and is expected [...]
Londoners spark online shopping revolution during lockdown July 22, 2020 Londoners have catalysed an online shopping revolution, according to new research, after shoppers in the capital contributed the biggest spike in online sales in the UK during the Covid-19 pandemic. A new report by packaging firm DS Smith showed that 62 per cent of 2,000 Londoners surveyed increased their online shopping habits during lockdown, helping [...]
How sports teams are using technology to recreate group training sessions with players in isolation March 29, 2020 They may be miles apart and isolated in their homes, but footballers, rugby players and cricketers across the country are finding new ways to continue training together. Sportspeople left in limbo while their seasons are delayed indefinitely by the coronavirus pandemic are still staying in shape, as they have readily documented on social media. The [...]
Home workout: Easy ways to stay in shape amid Covid-19 March 18, 2020 What a crazy few weeks it’s been. The City is quieter than I’ve ever seen it – it’s like a ghost town out there. Few of us have ever experienced this kind of mass uncertainty, and that makes it more important than ever to look after ourselves. Thankfully, although we might be locked inside, there [...]