FTSE 100 and US stocks slip amid rising coronavirus cases September 18, 2020 The FTSE 100 and US stocks slipped as investors weighed up rising coronavirus cases and the latest decisions by the Bank of England and US Federal Reserve. London’s main stock index fell 0.5 per cent to 6,017 points at 3pm. Mid-cap firms were hit harder, with the FTSE 250 dropping one per cent. Read more: [...]
City Moves for 9 February: Who is switching jobs in the Square Mile this week? February 10, 2021 City Moves provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week hosts movements over at Big Four auditor Deloitte, JP Morgan, HMRC and PE firm Dean Street. Meanwhile, green London housing looks to be a focus for 2021 with Public Sector Plc’s new [...]
Lloyds gives staff at risk stay of execution during coronavirus pandemic lockdown April 27, 2020 Lloyds Banking Group has given staff in redundancy an extra month of breathing space during the coronavirus lockdown. The bank said last month it would pause plans to cut 780 jobs during the crisis. However, those already going through the redundancy process faced an unknown fate, with one source telling City A.M. they feared Lloyds [...]
Vaxxing our way to normality February 8, 2021 The past year or so has been incredibly tough – but the arrival of millions of approved vaccines in centres across the country gives us a real light at the end of the tunnel. Vaccines are at the centre of the UK Government’s plan to a route back to normality. Some 407m doses have been [...]
The creative sector is vital to London – we must save it before it is too late September 8, 2020 Save our arts. That is the rallying call. It is a worthy one. The UK’s creative sector is a dynamic part of the economy, but it has been among the areas hit hardest by the coronavirus crisis and looks likely to recover last. While areas like retail and housing are rebounding solidly, the arts are prevented [...]
Coronavirus: Screen time soars as adults spend half their day on devices August 5, 2020 A surge in screen time during lockdown saw adults in the UK glued to their devices for more than 40 per cent of the waking day, according to new research. In its annual study of the nation’s media habits, industry watchdog Ofcom found that adults in the UK spent an average of six hours and [...]
Pfizer vaccine: ‘A good news day’ for markets, say analysts November 9, 2020 Global stock markets catapulted this afternoon on news that Pfizer’s coronavirus vaccine saw a 90 per cent success rate in clinical trials, as analysts welcomed the announcement as a “boost for hopes of a return to normality”. The prospect of a vaccine electrified world markets, with S&P 500 futures hitting a record high and tourism [...]
Downing Street admits it could impose M25 quarantine ring August 3, 2020 Plans to introduce a quarantine ring around the M25 to halt travel in and out of London are “within the government’s contain strategy”, Downing Street said today. The admission came as the Prime Minister scrambles to curb a spike in infections across the country. Boris Johnson is said to have held a “war game” session [...]
Heineken withdraws guidance as coronavirus dents sales April 8, 2020 Heineken has withdrawn all guidance for the year as beer volumes fell in the face of the coronavirus outbreak. The Dutch brewing company said the pandemic was having a “significant impact” on business in 2020, noting the restriction of movement, outlet closures and the lockdown of production facilities. Total consolidated volume is expected to decrease [...]
Government set to announce new hydrogen bus town trial June 24, 2020 The government is set to announce plans for the UK’s first hydrogen bus only town, transport secretary Grant Shapps revealed today. In February ministers unveiled a £50m fund for local authorities to apply to become the country’s first all-electric bus town as part of £170m in new funding for buses. Speaking to the transport select [...]