Budget 2021: Four key issues for Rishi Sunak today March 3, 2021 Just a few months ago, Chancellor Rishi Sunak had hoped that his spring budget would be an opportunity to move the economic agenda away from Covid-19, and back towards the government’s ‘levelling up’ commitment. But as he prepares to announce his latest set of measures on later today, the reality looks very different. Despite the good [...]
Easyjet and Marks and Spencer candidates for relegation in FTSE reshuffle June 2, 2019 Easyjet looks set to be the next company to fall out of the FTSE 100, with several others, including Marks and Spencer, nervously eyeing the drop ahead of the blue chip list’s reshuffle on Wednesday. The budget carrier has faced a turbulent time, which has pushed shares down 22 per cent in the last six [...]
Sir Philip Green’s Arcadia facing collapse within hours November 30, 2020 Sir Philip Green’s retail empire Arcadia, which owns high street brands Topshop and Dorothy Perkins, is reportedly on the brink of collapse this morning. The retail group could become the latest casualty of the coronavirus pandemic and appoint administrators as soon as this afternoon, City A.M. understands, which would put 13,000 jobs at risk. Mike [...]
Why online masterclasses will be the hot food trend of 2021 January 20, 2021 While virtually every other industry has been busy digitising for the last decade or more, the restaurant world remained resolutely analogue. Modern kitchens are still built around the Brigade de cuisine hierarchy developed by Georges Auguste Escoffier in the 19th century, and the idea of giving up the level of control afforded by the walled [...]
Facebook-backer Index Ventures leads $4m series A for UK legal startup May 28, 2019 Seedlegals, which helps UK startups automate the fundraising process, has secured $4m (£3.2m) in funding from one of the world's most successful venture capital firms. San Francisco and London-based Index Ventures led the series A funding round, putting Seedlegals among the likes of Facebook, Just Eat and Slack in its portfolio. Additional participation was provided by Kima Ventures, [...]
FTSE 100 falls but US stocks rise ahead of Fed decision September 16, 2020 The FTSE 100 fell but US stocks opened higher as investors awaited the latest decision from the US Federal Reserve and digested more economic data. London’s main stock index dropped 0.6 per cent to stand at 6,067 points just before 3pm. The FTSE 250 of mid-cap companies fell 0.1 per cent. Read more: UK inflation [...]
Survive and thrive: Pilgrims get a pizza the delivery action June 2, 2020 London’s businesses have been forced to weather a storm they never saw coming, but many have pivoted to new ways of doing business. Today, Thom Elliot – co-founder of Pizza Pilgrims – writes for City A.M. on how one of the capital’s favourite small chains responded to the crisis and the challenges to come Covid-19 presented a [...]
‘I told staff to delete the app’: Hospitality reacts to pingdemic crisis July 20, 2021 While the government was hailing the arrival of so-called “freedom day” yesterday, the threat of rising Covid cases and the “pingdemic” forcing staff to self isolate has left the beleaguered hospitality industry with little to celebrate. One restaurateur told City A.M: “Our ability to operate hangs in the balance by some fairly crude geolocation tech”, [...]
Letter: Is the government right to focus on obesity as its top public health issue? July 29, 2020 Re: Is the government right to focus on obesity as its top public health issue? People with obesity are at a much greater risk of serious Covid-19-related complications and death. They are also more likely to require hospitalisation, ICU admission, and mechanical ventilation. Hence, addressing obesity makes sense not only as a way to prevent [...]
Pub and restaurant sales jump in second week of trading July 24, 2020 Pub, bar and restaurant sales started to improve in the second week after lockdown was lifted as more sites reopened, the latest research showed. Hospitality businesses in England were allowed to reopen from 4 July as the coronavirus lockdown was eased, but sales jumped in the week beginning 13 July as more venues opened and [...]