Decline in UK marketing budgets slows amid rebound hopes April 15, 2021 Cuts to UK marketing budgets eased in the first quarter, sparking hopes that the easing of Covid-19 restrictions could pave the way for a sector rebound. Total marketing budgets declined again in the first three months of the year, with a net balance of -11.5 per cent of companies surveyed reporting lower ad spend. But [...]
E-commerce grocery sales plateau boosts Aldi’s market share to peak levels June 22, 2021 The growth of e-commerce sales in the grocery market has plateaued, giving the likes of Aldi an opportunity to grow its market share after not making use of online sales in the past year. The percentage of e-commerce sales in the grocery market remained flat at 13.4 per cent in the four weeks to 13 [...]
Reviews website Trustpilot set for London IPO March 1, 2021 Trustpilot is considering launching an initial public offering in London that would see at least a quarter of the company floated on the London Stock Exchange. The offer would comprise new shares raising proceeds of around $50m, the company announced on Monday. Trustpilot is targeting a premium listing on the London market and expects to [...]
Sir Martin Sorrell: ‘Chickens will come home to roost’ with post-Covid tax hikes May 4, 2021 Tax rises are inevitable in order to tackle spiralling pandemic-driven public debt across the world, Sir Martin Sorrell has warned. The S4 Capital advertising mogul told City A.M. that while he expected strong economic growth this year and in 2022, “at some point the chickens do have to come home to roost”. Sorrell said he [...]
UK locks down amid largest rail strike in 30 years – Millions face disruption – Retail footfall slumps June 21, 2022 Train and London tube passengers continue to face travel chaos due to the biggest strike by rail workers for a generation. Brits are urged to work and stay at home today, as road congestion is widely expected. Bolt crashed earlier this morning following a surge in both demand and prices, while the National Rail Enquiries [...]
Spending slipped ahead of lockdown but takeaways and web services stayed popular November 10, 2020 Spending slipped ahead of lockdown but takeaways and web services stayed popular
Euros 2020: Bank holiday, sick day or in mourning? Businesses urged to be flexible day after final July 9, 2021 There are increasing calls from business groups, unions, and the public, for employers to offer flexibility to staff for the day after the Euros 2020 final, as the Prime Minister is under pressure to announce a bank holiday if England win. “Businesses across England will recognise the momentous nature for many of the prospect of [...]
City A.M. TV: Daily Market Snapshot (video) March 26, 2021 Since the Fed’s reiteration of its super dovish stance last week (Wednesday), global markets have struggled, up until yesterday. With that, there has been marked rotation out of many of the recently popular (reflation) trades and into unloved parts of the global markets. Many of the key mid cap country equity indices, for example, have [...]
Surrey adviser deemed unsafe by the City regulator over sexual grooming offence March 29, 2021 The City regulator has moved to ban Surrey-based financial adviser Jon Frensham from carrying out any regulated activity, after he was convicted of sexually grooming a child. In March 2017 Frensham, formally known as Jonathan James Hunt, was convicted of attempting to meet a child following sexual grooming. Frensham, 41, was sentenced to 22 months’ [...]
One in seven UK companies at risk of collapse as recovery slows November 19, 2020 Around one in seven UK companies said they were at risk of collapse as the economy faces a tough winter with coronavirus cases still surging and an England-wide lockdown in place. The Office for National Statistics (ONS) said 14 per cent of UK companies reported having “low or no confidence” that they would survive the [...]