Cineworld plunges to $3bn loss as screen closures continue March 25, 2021 Cineworld announced this morning that it has secured $213m (£155.6m) bond from investors to help with reopening costs as it revealed it plunged to a $3bn loss last year. The cinema chain posted a loss after tax of $2.65bn in the year ended 31 December, compared to profit of $180.3m in the previous year. Revenue [...]
Covid-19, a year on: What small businesses have learnt March 24, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. Some you win, and some you learn. Small businesses have certainly been “learning” [...]
I believe Bitcoin will get to at least $500,000 in this current bull cycle March 23, 2021 Trading wizard Dr Chris Kacher believes Bitcoin will get to at least $500,000 in this current bull cycle.
Uber: What does the workers’ rights U-turn mean for the ride-hailing giant? March 17, 2021 Uber agreed yesterday to give its 70,000 UK drivers holiday pay and pensions following a landmark ruling in the Supreme Court. The court ruled that all UK drivers are employees of the taxi giant — rather than being self-employed — and are therefore eligible to receive holiday pay on a fortnightly basis. Susannah Streeter, senior [...]
Governments are quick to demonise Bitcoin as an environmental menace March 17, 2021 Governments are quick to demonise Bitcoin as an environmental menace, says Crypto AM columnist 'That Martini Guy'.
Boris Johnson’s plan to tackle obesity must be backed by behavioural science March 15, 2021 The last 12 months have revealed clear links between obesity and Covid-19. As the Government pledges £100m to tackle this next great health challenge, what will it take to reduce our national waistline for life – not just life after lockdown? This month, the Government unveiled a new incentives and rewards approach designed to tackle [...]
John Lewis to close more stores in places ‘where people aren’t going’ after it lost £517m in 2020 March 12, 2021 John Lewis to close more stores in places 'where people aren't going' after it lost £517m in 2020
Biden: All US adults to be eligible for vaccines by May March 12, 2021 In a forceful but somber speech from the White House on the first anniversary of the pandemic lockdown, Biden said if Americans pulled together there could be a greater sense of normalcy – and some backyard barbecue parties with small groups – on the U.S. Independence Day holiday on 4 July. That date is a [...]
Derwent London reports dip in rental income after ‘unprecedented’ year during pandemic March 11, 2021 Property firm Derwent London this morning reported a dip in net rental income for the year, as the vacancy rate for the London office market doubled during the pandemic. Gross rental income for the landlord hiked 5.8 per cent last year to £202.9m, up from £191.7m in the same period last year. However the impact [...]
It’s time to reform Statutory Sick Pay to create a healthy and productive workforce March 11, 2021 The Chancellor’s difficult second Budget, when it came, was hardly much of a surprise. While measures like the new “super deduction” came as welcome news for business, there was less on offer for those worried about how they would cope financially if they were suddenly unable to work. In the midst of the health emergency, the [...]