Starling Bank slims losses and eyes potential 2022 IPO July 22, 2021 British digital lender Starling Bank said it had chopped its losses by more than half and was on track for full-year profitability, as it eyes a potential float at the end of next year. Starling reported a loss of £23.3m in the 16 months to the end of March 2021 – less than half its [...]
Turn the volume down: London could be revolutionised by the silent automation of the noisiest parts of city life July 22, 2021 Cities have always been the future. Development is nearly always metropolitan, regeneration usually urban. London is one of the world’s major cities, and we might expect it to be one of the fastest to bounce back from the turmoil of the last year. But will a post-pandemic world view cities in the same way? Covid [...]
Netflix plots move into video games as subscriber growth slows July 21, 2021 Netflix last night confirmed plans to move into video games after the streaming giant suffered a sharp slowdown in new subscriber growth. The streaming giant added 1.54 million subscribers over the last quarter, below analyst forecasts and a significant fall from its 2020 boom. In the same quarter last year, at the peak of the [...]
One in ten Londoners do not plan to ever commute again after pandemic July 20, 2021 As employees across the UK are to set to embark on their return to the workplace following the easing of Covid-19 restrictions, a number of commuters are reluctant to return to the office in the coming months, mainly due to increased concern over infection control and social distancing on the daily commute. According to a [...]
“E-commerce winner” Virgin Wines confident in post-pandemic sales July 20, 2021 Wine subscription service Virgin Wines raised its annual financial forecasts as a result of strong customer demand, it told markets this morning. Their customer base grew by 24 per cent in the previous 12 months. The pandemic saw people at home stock their bars and fridges causing increased demand in alcoholic products over lockdowns, as [...]
New creative projects will help power City’s COVID recovery July 20, 2021 Five creative schemes designed to help the Square Mile recover from the pandemic have been given the green light today. Under the plans, businesses and creatives will work together to animate shops, offices and foyers across the City with art, boosting footfall and attracting people back into the Square Mile. Young people will learn new [...]
EasyJet revenues increase as airline prepares for more flights July 20, 2021 EasyJet reports increased revenues as the airline prepares to “emerge transformed post pandemic” and more people travel abroad. Their headline loss before tax was £318m, reduced from £347m last year. The no-frills airline reported a lower cash burn of £55m during the quarter ended 30 June 2021, in line with expectations. Revenue increased to £213m [...]
British sales rep goes viral on LinkedIn after swapping £100k job for mail July 19, 2021 A Briton who went viral on LinkedIn after swapping a high-paying career to become a postman has said “Covid has made people value the simple things in life”. Phil Goddard, 56, from Orwell in Cambridgeshire, left behind decades in sales and account management after going through furlough and redundancy in 2020. In September last year [...]
Exclusive: Argyll Club COO on the future of the City of London July 19, 2021 As England lifts most Covid-related restrictions from today, City A.M. sits down with Emily Smith, chief operating officer of flexspace provider The Argyll Club, to zoom in on the future of the Square Mile post-pandemic. Smith is a true industry veteran, with 20 years’ experience and stints at IWG, Regus, The Crown Estate and Grosvenor. Now, she sits at the helm of The [...]
Freedom Day: UK runs out of lateral flow tests the day lockdown lifts July 19, 2021 The UK has run out of lateral flow tests for Covid-19, the same day most lockdown restrictions were lifted in the country, which has been coined ‘Freedom Day’. Those trying to buy testing kits from the government’s website have been told that ‘no more tests can be ordered’ and to ‘try again tomorrow’. It comes [...]