It’s wait and see for investors ahead of BT results this week May 9, 2022 Analysts in the City will be waiting nervously to see whether the cost-of-living crisis has seen an exodus in subscribers from telecoms giant BT when the company reveals its results on Thursday. US streaming rival Netflix said recently its own subscriber base had suffered as households cut back and investors in BT are hoping similar [...]
Camelot’s National Lottery legal battle could drain £500m from good causes May 8, 2022 The former boss of lottery operator Camelot has urged the gambling commission to delay the transfer of the firm’s licence to new operator Allwyn, as the costly legal battle could cut resources for good causes. Dame Dianne Thompson has written in a letter to the commission first reported by the Mail on Sunday that a legal [...]
Elections 2022: Sinn Fein on track for historic win in Northern Ireland May 7, 2022 Sinn Fein is on track for a historic win in the Northern Ireland assembly elections signalling a breakthrough moment for Irish nationalism.
Election 2022: Boris Johnson under pressure as hundreds of council seats lost May 7, 2022 The scandal hit conservative party has haemorrhaged support across the UK with hundreds of council seats lost to Labour and the Lib Dems.
West End landlords Shaftesbury and Capco eye £3.5bn merger May 7, 2022 Two major London property firms are in talks about a £3.5bn merger to create an extensive real estate empire in London's West End.
Tech Weekly: Matt Hancock on crypto ambitions and lockdown decisions May 6, 2022 This week City A.M. reporters Lily Russell-Jones and Charlie Conchie sit down with Conservative MP and former Health Secretary Matt Hancock. They chat about his outspoken views on crypto, regulation, and the need for accessibiity when it comes to crypto investing; go through his post-Cabinet ambitions; and unpick his decision-making at the height of the [...]
City watchdog to crackdown on adverts that downplay risk of borrowing as cost-of-living crisis bites May 6, 2022 The UK’s financial watchdog has told lenders and brokers to stop using misleading terms in their advertising that might make borrowing money look easier or less risky than it is. The Financial Conduct Authority (FCA) has sent letters to 28,000 consumer credit firms telling them to stop using terms such as “no credit check loans,” [...]
HMRC receives record high £157bn from VAT bills after tax holiday ends May 6, 2022 HMRC collected a record £157.2bn from VAT bills in 2021/22, a 55 per cent increase on the £101bn collected the year before.
Local election bloodbath: Furious Tories turn on Boris Johnson as Labour’s victory train rolls into Westminster, Wandsworth and Barnet May 6, 2022 The Conservative Party has lost all major London authorities to Labour and suffered setbacks across England as Boris Johnson faces a backlash from local Tory leaders. Labour has taken control of Westminster City Council in London for the first time since its creation in 1964. The Conservative Party has also lost control in Wandsworth, considered [...]
InterContinental Hotels makes steady progress to 2019 levels as travel booms May 6, 2022 InterContinental Hotels (IHG) said that pent-up demand had driven people back on holiday, with revenue up 61 per cent and catching up with pre-pandemic rates. For Europe, the Middle East and Africa, revenue per available room (RevPAR) hit 122 per cent compared 2021, whilst the Americas were up 58 per cent. With America leading the [...]