Older Brits in need of cash return to work in droves as cost of living chaos destroys budgets December 19, 2022 Money is a key motivator for older workers returning to work as the merciless cost-of-living crisis increasingly bites, it has emerged. The Office for National Statistics has published experimental data on the motivations for the over 50s to return to work. Money is an important motivation to return to work for all groups, particularly younger groups, with 69 per [...]
Stuck in traffic: Highway workers and Border Force to strike in London December 19, 2022 The winter of discontent is set to continue this week, with both traffic officers and Border Force staff planning to strike, causing travel havoc on the roads and in the air. National Highways South East Regional Control Centre in Godstone, 20mi south of London, will hold strikes on 22 December between 12:00 and 3:30 pm. [...]
UK consumer confidence rises but forecasts remain bleak  December 16, 2022 Consumer confidence in the UK improved by two points this month, but still remains near all-time low levels.
Big tech’s year of rough seas has taught us a lesson in naming winners and losers December 16, 2022 IF 2022 has taught us anything, it has shown us how there are no clear business winners or losers from the pandemic. The rough year for big tech is a case in point. Although many of the Faang (Meta neé Facebook, Apple, Amazon, Netflix and Alphabet) cashed in on the various lockdowns, this year has [...]
Publishers’ digital revenue on way up despite despite inflationary pressure December 15, 2022 Digital revenue is on the way up as recruitment sites lead the way for online growth. A new report from the Association of Online Publishers (AOP) and Deloitte found total digital revenue for the third quarter of this year was up by 2.7 per cent from last year to £153.5m. Recruitment sites continued to see the strongest [...]
Currys slashes profit forecast as boss warns ‘tough environment’ isn’t going anywhere December 15, 2022 Currys has booked a loss as its chief executive warned that a “tough environment” showed little signs of disappearing in the short-term. The laptop-seller slashed its full year outlook from an initial target range of £130m to £150m to a lower target of £100m to £125m. It posted a group adjusted loss of £17m for [...]
Harlequins’ Big Game in doubt over train strikes December 14, 2022 Premiership rugby club Harlequins’ showpiece annual game, Big Game, has been thrown into doubt over rail strikes on 27 December. In an alleged email seen by City A.M. and posted into a fan forum, fans were told that the club had taken the “extremely difficult decision to postpone the Big Game 14 fixture at Twickenham”. [...]
The Christmas Quiz: Twelve questions to test your grey matter December 14, 2022 Roll up, roll up, for the City A.M. quiz in association with Deloitte's economics team. Twelve questions, all (just about) related to business and economics
European rugby attendances point to major issue for the sport December 14, 2022 Hopes of a newfound interest in the European Champions and Challenge Cups took a hit this weekend as home sides struggled to fill their terraces for what some argue are the best club competitions in world rugby. Attendances peaked at a bastion of European rugby in Munster’s Thomond Park where 21,884 watched the province lose [...]
Explainer-in-brief: Snowballing homelessness in London December 14, 2022 For some, the snow has brought a layer of white beauty to our capital. For others, it is a menace. When temperatures fall below zero degrees, something called the Severe Weather Emergency Protocol is activated to support people sleeping rough. Mayor Sadiq Khan activated it last week, and councils and charities have been scrambling to [...]