Covid-19, a year on: What we’ve learnt about teen gambling and video games March 26, 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. Every time you pick-up a smart device, you’re entering a multi-billion-dollar war zone, [...]
eSports team expands into India March 26, 2021 One of Europe’s biggest eSports brands, Team Vitality, has today announced its first all-Indian mobile eSports roster. The move represents the Paris-based eSports brand’s first major expansion beyond Europe and its first foray into the world of mobile eSports. The announcement reconfirms the brand’s plans to globalise its teams into Asia and South America. The [...]
Deutsche Bank chief Sewing prepared to give up investment bank role March 26, 2021 Deutsche Bank CEO Christian Sewing could give up his role overseeing the investment bank in a move likely to reassure regulators, a source said on Friday. The anonymous source said Sewing never intended to permanently keep the role since he added to his duties in a management overhaul in 2019. German business newspaper Handelsblatt reported [...]
A drive to survive: How Liberty Media used Netflix and esports to win a new generation of fans and safeguard the future of Formula 1 March 26, 2021 It feels like an awful long time ago now that Liberty Media took the wheel of Formula 1, completing a takeover valued at $8bn including debt in January 2017. Donald Trump had just been inaugurated and the most relevant global health emergency was the Zika virus. In motorsport, meanwhile, Lewis Hamilton had been dethroned and [...]
Corona Impact Series: How an immersive Hackney entertainer blurs pandemic boundaries March 25, 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 an immersive entertainment agency in Hackney was forced to switch from physical to virtual overnight, without losing any of the power of the experiences. “As Covid hit and the [...]
Britain most willing nation in the world to get Covid vaccine, survey finds March 25, 2021 People in the UK are the most willing of any nation in the world to get vaccinated against coronavirus, according to a new study. A YouGov poll found that 86 per cent of people in Britain were willing to get a Covid vaccine or had already received one as of 21 March — the highest [...]
The future of commercial property post-Covid March 25, 2021 Will Fulton, Lead Manager, UK Commercial Property REIT The pandemic has brought real challenges for commercial tenants and landlords Strong asset allocation, prudent negotiation with tenants and strategic portfolio shifts have helped mitigate the impact of the crisis From here, the portfolio is geared into a number of long-term structural changes This has been a [...]
Free school meals provider Compass charts course to better margins after revenues sink March 25, 2021 Free school meals provider Compass charts course to better margins after revenues sink
Ministers ‘missed the boat’ over BBC licence fee reform, MPs warn March 25, 2021 The government has no choice but to maintain the BBC’s licence fee funding model for the foreseeable future due to its failure to find an alternative, MPs have warned. In an in-depth report published today, the DCMS committee said that while the £157.50 annual charge has a “limited shelf life” in the modern media landscape, [...]
Concerns over prolonged restrictions as looming third Covid wave overshadows upbeat PMI data March 24, 2021 Mounting concerns about a third wave of Covid-19 cases across the UK and Europe are adding to expectations that economies may reopen later than initially predicted. The shift in market sentiment is weighing on stocks as they are extending losses with covid concerns even overshadowing today’s upbeat PMI data. “Fears over the impact of tighter [...]