Web3 will co-exist with centralised aggregators like Facebook, Twitter, YouTube et al September 8, 2022 Dr Chris Kacher explains how he believes Web3 will allow property to smoothly transition across centralised platforms.
Lloyd’s of London to give staff £2,500 helping hand ahead of winter September 8, 2022 Lloyd’s of London is to give staff earning less than £75,000 per year a £2,500 one-off payment later this month to help with surging inflation. Chief Executive John Neal told City A.M. this morning that it was set to be a “pretty rotten winter” and “as employers we’ve got an obligation to think, to care [...]
WH Smith high street sales lower than pre-Covid levels after Funky Pigeon hack September 7, 2022 WH Smith has said its high street arm has been impacted by a cyber security issue with its greetings cards business, denting sales. The stationery seller said its high street business was performing in line with expectations. Sales stood at 80 per cent of 2019 revenue for the 26 weeks to 27 August 2022, following [...]
Sadiq Khan slams London City expansion as public consultation nears end September 6, 2022 London mayor Sadiq Khan has slammed the proposed expansion of London City airport as the 10-week public consultation on the ramp up of services ends on Friday. Khan accused the airport of not “having demonstrated satisfactorily that [the plans] are compatible with our net-zero and wider environment objectives.” “It is essential the airport recognises that [...]
EXCLUSIVE: New PM Liz Truss will protect ‘crown jewel’ City of London September 6, 2022 Liz Truss will “empower the City to drive economic growth” through tax cuts and regulatory reform as Prime Minister, she exclusively told City A.M.. The newly-appointed Conservative leader said, who will be appointed formally by Her Majesty the Queen at Balmoral today, she wanted to maintain the Square Mile’s competitive edge and “supercharge growth and [...]
We must keep the shine on Britain’s financial services to maintain our global standing September 6, 2022 Britain’s financial services sector is still much envied on the world stage, but there’s no room for complacency. The international competition of financial centres is fierce. The UK’s capital markets have long been thriving – a diverse cluster of financial services, a large pool of skilled talent, and the robustness of our legal system are [...]
TransPennine joins Avanti and cut services due to staffing shortages September 5, 2022 TransPennine Express has announced it will cut around one in four services from 12 September as a result of staff shortages. It is the second train company forced to alter its schedule in a matter of weeks, after Avanti West Coast axed most trains between London and Manchester following staffing issues. TransPennine routes will be [...]
Avanti contract to be renewed despite no sign of train timetable issues abating soon September 5, 2022 The London-Manchester train operator Avanti West Coast is to receive fresh government support with a new long-term agreement to keep the line going. Three weeks ago the operator slashed services between the cities, reducing trains from three to one an hour, with no sign of when normality will return. Its managing director Phil Whittingham is [...]
Sunday Sitdown: Grind’s CEO on conquering America with his cult coffee chain September 4, 2022 Londoners may recognise the Grind coffee brand. There are currently eight branches around the capital and a 15,000 sq ft roastery in Bermondsey. Despite a hit to cafe revenues during the pandemic, the company is taking its business model across the pond as City A.M. can reveal today Grind has ambitious plans to conquer the [...]
Tube and Elizabeth line journeys to and from Heathrow become peak fares today September 4, 2022 All tube and Elizabeth line journeys to and from Heathrow through zone 1 will be charged a peak fare starting today. Journeys that avoid zone 1 will continue to remain off-peak while services to stations before Heathrow will not be affected. Transport for London (TfL) said this was part of the government’s funding conditions, which [...]