One in 10 high street shops lie empty as retailers face spring reckoning February 10, 2019 The extent of the crisis facing UK retailers was laid bare this morning after new figures revealed one in 10 high street shops lie empty, while a string of upcoming cost increases could deal a death blow to struggling stores in the spring. Rising taxes and a shift to online shopping have ravaged British high [...]
Premier League plots streaming service for live football matches February 10, 2019 The Premier League is planning to launch its own streaming service for live football matches in a bid to bypass broadcasters and boost revenues. The Netflix-style streaming service was due to be tested in Singapore, but the Premier League backed out of the project. Instead, the league sold rights to the next three seasons to Singapore [...]
RBS cuts bonus pool to £335m after posting successive annual profits February 9, 2019 Royal Bank of Scotland (RBS) will hand out a £335m bonus to its staff next week with it set to announce its second successive annual profit since becoming state-owned. The RBS board and UK Government Investments (UKGI) have agreed on the bonus amount. UKGI manages the public’s 62.4 per cent stake in the bank. Payouts [...]
Equine flu halting UK horse racing same strain that hit 10,000 in Australia February 9, 2019 The equine flu that has halted horse racing throughout the UK this weekend is the same strain that saw racing in Australia suspended for six months in 2007, according to Sky News. The flu is a north American strain, named Florida Clade 1 and affected ten thousand horses during the outbreak in Australia. “We have [...]
Seaborne Freight’s no-deal Brexit contract scrapped by government February 9, 2019 Seaborne Freight has had its contract with the government cancelled after it emerged the firm had no ferries to carry vehicles or goods across the channel. The Department for Transport (DfT) agreed a contract with Seaborne worth £13.8m in case a no-deal Brexit occurred. However, the DfT revealed it has terminated the deal with the freight [...]
UK fintech unicorn Oaknorth to nail $440m round led by Softbank February 7, 2019 Japanese mega investor Softbank has led a $440m funding round in savings challenger Oaknorth, investing in the company via its $100bn Vision Fund. City A.M. understands the Clermont Group also participated in the round, which is expected to close tomorrow morning. The funding will be used to expand Oaknorth's SME loan origination and credit capabilities to banks and [...]
Match made in Dublin: Manu Tuilagi and Henry Slade are the midfield pair England have been looking for February 7, 2019 As England pulled off a masterclass in Dublin last weekend, Eddie Jones perhaps also stumbled across the midfield match he had been searching for. The combination of George Ford, Owen Farrell and Jonathan Joseph at 10, 12 and 13, brought success during Jones’s early tenure, winning successive Six Nations. But once teams had exploited their [...]
Arsenal, Liverpool and Manchester City become first Premier League clubs to install pioneering Intel True View technology February 7, 2019 It’s the world’s most watched sporting competition, but now the Premier League’s billions of viewers are about to get a new way to consume every goal, assist and save. Arsenal, Liverpool and Manchester City have become the first clubs in English football to sign up for Intel’s True View technology, which uses an array of [...]
British commercial radio revenue breaks record for third consecutive year February 7, 2019 Advertising revenue on commercial radio in the UK hit £713.3m last year, as corporate investment in the media stream continued to rise. Ad sales topped the previous record of £679.2m set in 2017, according to figures released today by industry body Radiocentre. The news marked the third consecutive year of record growth in the sector. [...]
Donald Tusk: Special place in hell for clueless Brexit campaigners February 6, 2019 There is a special place in hell for Brexit campaigners who had no plan for how the UK should leave the EU, the European Council President has claimed in an astonishing intervention. Donald Tusk made the jibe in a press conference alongside Irish Prime Minister Leo Varadkar in Brussels, in which he reiterated the Brexit withdrawal [...]