Allegra Stratton quits government after joking about illegal Number 10 party December 8, 2021 Allegra Stratton has quit government, after she was caught out joking about an illegal Number 10 party last year. A tearful Stratton, who used to work in Downing Street but was more recently working for Cop26 president Alok Sharma, said she would “regret the remarks for the rest of my days”. ITV released a video [...]
Airline passenger capacity to grow 47 per cent in 2022, data shows December 8, 2021 Airline passenger capacity worldwide is expected to pick up in the next few months, as forecasts project a 47 per cent growth in 2022. Data from Cirium’s Airline Insights Review has revealed that capacity could return to 2015 levels by the end of next year, as domestic markets become the main drivers of demand. According [...]
Number 10 denies Johnson intervened to prioritise pets over people in Afghan evacuation December 7, 2021 Downing Street has vigorously denied claims that Boris Johnson intervened to rescue dogs and cats during the Afghanistan evacuation in August. A 25-year-old Foreign Office whistleblower, Raphael Marshall, today claimed that ex-soldier Pen Farthing and his Nowzad animal sanctuary were prioritised to be evacuated over local Afghanis. Marshall said there was “an instruction from the [...]
Racing Post picks bankers to oversee its £500m sale following US intrigue December 7, 2021 Owners of the Racing Post has picked bankers to oversee its £500m sale following a growing interest in sports betting data from US-based gambling companies.
Steal the deal: Discovery in talks with BT Sports to derail sale to DAZN December 5, 2021 US media giant Discovery is in talks with BT Sports over a potential partnership deal that would derail months of talks with sports streaming service DAZN over a £600m outright sale. As talks between DAZN and the telecoms group have become mired over commercial details, Discovery has entered the mix with an alternative offer for [...]
Dominic Raab says people can ‘enjoy Christmas’ despite Omicron fears December 5, 2021 Dominic Raab has encouraged people to “enjoy Christmas” and that they should “get their loved ones around them”, despite fears of the Omicron variant. The justice secretary encouragaed people to still go to Christmas parties and events, before adding that his own Christmas party plans at the Ministry of Justice have been scaled back. Boris [...]
2,200 branches: Owner of Boots plotting £10bn sale of 172-year old pharmacy chain December 4, 2021 The parent company of Boots is reportedly considering putting the pharmacy chain on the market next year, according to news reports this morning. US retail giant Walgreens Boots Alliance (WBA) is lining up advisers from Goldman Sachs to explore a potential sale of the pharmacy, Sky News wrote. City A.M. understands that a potential valuation [...]
Spotify streams podcasts with antisemitism, racism and white supremacist material according to investigation December 3, 2021 An investigation has found antisemitic, racist and white supremacist material in podcasts on one of the most popular streaming services, Spotify.
Open the floodgates: Britain’s planning reform needs to defend our homes December 2, 2021 Brits have been told to brace for flooding with an exceptionally wet January and February forecast by the Environment Agency. In England, there are 5 million properties – one in six – at risk of flooding. Overflows are a complex issue encompassing planning and resilience, climate change and housing. But it is not one taken [...]
Mark Kleinman: Light finally shines on Schroders’ M&G ambitions December 2, 2021 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Schroders is solved The mystery is finally solved. For months, fund management executives have puzzled over two aspects of Schroders’ aborted ambitions to take over M&G Investments and create a [...]