Acast and Patreon team up to launch subscriber-only podcast service November 10, 2020 Acast and Patreon have joined forces to launch a new service that will allow podcast creators to make exclusive content available to subscribers across all major platforms. The tie-up will allow creators on the Patreon membership service to distribute private, patron-only podcast episodes to listeners on apps including Apple and Amazon Music. “At Patreon, we’re [...]
Exclusive: Digital wealth manager Nutmeg customers surge past 100,000 November 10, 2020 Digital wealth manager Nutmeg has enjoyed a coronavirus boost and now boasts more than 100,000 customers after investors shifted online amid the pandemic. The robo-adviser saw a 33 per cent increase year-on-year in its customer numbers to pass the 100,000 milestone, with assets under management (AUM) peaking at £2.3bn. In the six months to June [...]
Love at first sight? Kylie takes stake in UK music streamer Roxi November 9, 2020 Kylie Minogue has taken a stake in Roxi as the music streaming service plots an initial public offering in London. The Australian pop legend joins Robbie Williams, Alesha Dixon and Sheryl Crow as a major shareholder in the company, and will front its new TV advertising campaign. Roxi, which offers a fully-licensed music catalogue through [...]
US Election: Biden’s (almost certain) win: How it happened November 6, 2020 Live updates on the US Presidential Election 2020 as Donald Trump and Joe Biden go head to head. Rolling coverage as Americans vote.
Airbnb to go public ‘as early as next week’ November 5, 2020 Airbnb is set to make its initial public offering (IPO) listing as early as next week, according to reports, as the home rental company attempts to cash in on investor wanderlust during the pandemic. Airbnb has laid out plans to set an IPO price range in December, according to Reuters. The firm last month suggested [...]
The City View: Eric Heerema of Nyetimber on creating a luxury brand to rival Champagne November 4, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian talks to Eric Heerema, chief executive of Nyetimber – the UK’s leading sparkling wine maker and a truly global, luxury brand. This podcast is sponsored by CMC Markets. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You [...]
Bitcoin’s closing price for October was its second highest ever monthly close November 3, 2020 By any measure, last week was a pretty special one for Bitcoin. Let’s take a look at the main highlights. On Tuesday (October 27), the plans of Singapore’s DBS Bank, the largest bank (by assets) in South East Asia, to launch its own crypto exchange (“DBS Digital Exchange”) got leaked when the landing page for [...]
US election: Trumpism won the argument on US economic policy October 31, 2020 Donald Trump swept to victory in the 2016 election promising an economic nationalist policy platform that would rejuvenate American industry and restore the country’s disenfranchised working class. Some of this platform included trade protectionism – which he followed through with by starting a trade war with China and by slapping tariffs on EU countries – [...]
Tech stocks drag down Wall Street as FTSE 100 suffers worst month since March October 30, 2020 Sliding tech stocks dragged down Wall Street this afternoon, while the FTSE rounded off its worst monthly fall since March amid a wave of new coronavirus lockdowns. The three main US indexes were on course for their worst week since March as ongoing pandemic-related uncertainty and the looming presidential election sparked market volatility. Read more: [...]
Screenshot: Will Tim Davie win the generation game? October 30, 2020 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week: ** Media Moment of the Week: A sorry soy saga ** Tim Davie and the BBC’s tug of war ** The tech titans’ tumultuous year Media Moment of the Week This week it’s another [...]