After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Exclusive: Cyprus-focused miner set for London float February 15, 2021 A mining firm targeting a number of gold and copper sites in Cyprus is set to announce its intention to float on London’s main market. Caerus Mineral Resources – named after the Greek god of opportunity – is looking to raise £2.3m on its main market debut. The firm will issue an announcement to the [...]
City’s gargantuan tax receipts should never be taken for granted in Whitehall February 15, 2021 By any standards, 2020 was an unprecedented year for businesses and households alike. The uncertainty around our future relationship with the EU and the long shadow cast by the COVID-19 pandemic posed challenges not seen since the second world war. Even with the vaccine rollout well underway, the road to recovery remains uncertain with significant [...]
High street redundancies: Which retailers have cut jobs in the pandemic so far? February 13, 2021 Thousands of high street jobs have evaporated during the coronavirus pandemic, as retail chains have fallen under the pressure of lockdown restrictions on trading. The UK high street, which was already struggling before the pandemic, is set to look very different when shoppers return after lockdown following high profile collapses that have cost many retail [...]
Runaway inflation might not happen. But what if it does? February 13, 2021 As 2021 dawned, we were all inevitably thinking thank Goodness 2020 is over. And fair enough. But I felt a little less easy when friends went on to say, 2021 can’t be any worse. Actually, how can we know? Think of January 1666: was the average Londoner – say, a baker on Pudding Lane – thinking, thank Goodness [...]
UK financial services sector contributed record £76bn in tax last year February 12, 2021 The UK’s financial services sector paid a record £75.6bn in tax last year, according to a new report. The sector’s contribution in the fiscal year ended March 2020 included £34.1bn in taxes borne directly by firms and an additional £41.5bn from employees and customers, according to a recent report by the City of London Corporation. [...]
Supreme Court rules that Nigerians can sue Shell over oil spills February 12, 2021 The Supreme Court has today ruled that a group of 42,500 Nigerians farmers and fishermen can sue oil giant Shell for numerous oil spills in the Niger Delta. Judges found that claimants could sue the firm for the activities of its Nigeria-based subsidiary. The local Ogale and Bille people alleged their lives and health have [...]
Priti Patel criticizes ‘dreadful’ Black Lives Matter protests February 12, 2021 UK home secretary Priti Patel said she did not support the Black Lives Matter demonstrations, calling the protests “dreadful” in an interview with LBC this morning. When asked whether she would “take the knee”, Patel said: “No, I would not, I would not have at the time either. There are other ways in which people [...]
Corona Impact Series: How a creative workspace was dragged into a work-from-home experiment February 12, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: How a workspace provider with spaces across the UK, including in Soho and Westminster, gradually changed the work mindset of its office clients. No one could have [...]
FTSE 100 trades flat as banks lead the biggest fallers February 11, 2021 The FTSE 100 is trading flat this afternoon after the excitement of corporate earnings wore off. Investors had initially been boosted by rose by Astrazeneca’s upbeat quarterly results, which is now trading up 0.8 per cent. Banks are proving to be a drag on the FTSE this afternon which slipped to trade down 0.04 per [...]
HSBC suspected of greenwashing as lawyers urge bank to clean up February 11, 2021 Lawyers for an environmental charity have written to HSBC to remind it of its legal duties with regard to climate risk, as the banks mulls supporting a climate change resolution ahead of its next annual general meeting. The resolution, which was filed by ShareAction last month, called on the bank to take urgent action to [...]