Shares in events firm Ascential slump as pandemic sparks hefty loss March 15, 2021 Shares in Ascential dropped this morning after the media and events firm revealed a hefty loss in 2020 as a result of the pandemic. The FTSE 250 company, which runs the Cannes Lions festival, reported a pre-tax loss of £166.5m last year, compared to a profit of £1.8m in the previous 12 months. The lacklustre [...]
Revealed: The most in-demand and hardest-hit job roles of 2020 December 9, 2020 Couriers are now the most in-demand job of 2020 with over 188,000 monthly vacancies for the position. This is according to a report by Quadrotech, analysing the UK job market to reveal the most sought-after and worst hit jobs of the year. There is little surprise that couriers take the top-spot, with companies such as [...]
US tech sell-off continues as markets tumble for a second day February 23, 2021 Markets in the United States tumbled today, as a tech stocks in the US were hammered by a sell-off. The Dow Jones Industrial Average fell 0.06 per cent at the open, the S&P 500 fell 0.5 per cent and the Nasdaq Composite took the biggest hit, dropping two per cent. Large companies like Apple, Amazon [...]
IMF boss indicates opposition to Sunak’s call for City of London exemption to G7 tax deal June 13, 2021 The head of the International Monetary Fund has strongly indicated City of London firms should not be exempt from the global tax plan agreed at the G7, after Rishi Sunak called for a special carve-out for the UK’s financial services industry. When asked by City A.M. if she supported Sunak’s push, IMF managing director Kristalina [...]
Screenshot – City A.M.’s new weekly TMT column October 16, 2020 This new weekly column brings you all the biggest stories and trends in technology, media and telecoms This week: ** Media Moment of the Week: Piers Morgan makes a confession ** The OECD, Amazon and a terrible week for tech tax ** All streamed up: What’s next for Netflix? Media Moment of the Week “I [...]
Georgia on my mind: The business of rugby November 22, 2021 Fans back packing stands, pints flowing, and roofs being raised. International rugby’s back and, as the inaugural Autumn Nations Series draws to a close, the on-pitch balance of power between the hemispheres seems delicately poised. Away from the pitch though, tensions exist as to the direction the sport should take post-pandemic. A tough 2020 for [...]
Exclusive: Human error and lack of robots threaten booming e-com space April 30, 2021 The pandemic has resulted in changing consumer behaviours which may have crushed many shops and retail businesses, but it also brought about new opportunities for retailers, particularly when it comes to going expanding their reach, diversifying their clientbase and offering products and services online. However, retailers will only succeed in the space if they ensure [...]
Shares in IT firm Softcat jump as pandemic drives up profit March 24, 2021 Shares in IT firm Softcat fizzed in morning trading after after the pandemic helped drive strong growth in both revenue and profit for the second half of the year. The FTSE 250 firm reported revenue of £577m in the six months to the end of January — up 10 per cent on the same period [...]
First Deliveroo backers now have stake worth 431 times original investment March 10, 2021 The investors who piled into Deliveroo at its earliest stages will be rubbing their hands as the takeaway giant prepares for its bumper London listing. The investors who bought into the takeaway back in 2013 will now have a stake worth £646, around 431 times their original investment according to data from MarktoMarket. In September [...]
Bezos open to testifying before Congress on anti-competitive behaviour June 15, 2020 Amazon has told US politicians it will make chief executive Jeff Bezos available to testify before Congress as part of a widespread antitrust investigation into Big Tech. The e-commerce giant had previously resisted calls for Bezos to appear before lawmakers, prompting threats from members of the House Judiciary Committee to force him to testify. A [...]