Top City investor James Anderson gives Deliveroo the cold shoulder March 29, 2021 Deliveroo’s flotation has been snubbed again, this time by a leading tech investor who remains unconvinced by the platform’s model outside of London. The tech platform is targeting a market cap of almost £9bn in its upcoming London listing as demand soared during lockdown. The City has largely welcomed the blockbuster float as it tries [...]
Australian prime minister blasts ‘arrogant’ Facebook over news ban February 18, 2021 Australian Prime Minister Scott Morrison has hit back at Facebook over its decision to block news in the country, saying the company’s actions were “as arrogant as they were disappointing”. The social media site last night cut off access to news pages and links in Australia in retaliation to draft new laws that would force [...]
Bother: The startup looking to disrupt the grocery market October 30, 2020 The days of empty shelves and loo roll shortages seem a distant lockdown memory, but one London-based startup thinks it speaks to a wider problem within the UK’s grocery market. Startup Bother is on a mission to disrupt the saturated grocery market by offering what it considers to be a convenient and cheaper online alternative. [...]
Q&A: why tackle harmful deforestation – and how? January 21, 2022 With around 80% of terrestrial biodiversity existing in forests, deforestation poses a critical threat. It also has a broader impact on climate change, human rights and even global health, as the Covid-19 pandemic has brought to light through a suggested link with zoonotic disease (explained below). If tropical deforestation were considered a country, it would [...]
Pandemic binge-watching drives UK entertainment spend to record high March 3, 2021 UK spending on films, music and gaming increased to a record high last year, driven by increased demand for streaming during Covid-19 lockdowns. Retail entertainment spend increased 18 per cent to a record £9.3bn in 2020, marking the eight successive year of growth in the sector and the fastest growth rate ever recorded. The final [...]
London crypto leader’s book is flying off the shelves July 22, 2021 Well-known cryptocurrency figurehead Erica Stanford has become an instant best-seller with her debut book about the dark arts of crypto.
Big tech antitrust hearing delayed as probe gets underway July 24, 2020 A US hearing at which the chief executives of Apple, Alphabet, Amazon and Facebook were meant to testify has been postponed, as politicians press on with a probe into allegations of anti-competitive behaviour. The hearing in front of the US House of Representatives Judiciary Committee’s antitrust panel was meant to take place next Monday, but [...]
UK’s tech stocks outperform main market by 19 per cent February 17, 2021 Interest in technology stocks has piqued during the pandemic and are now outperforming their FTSE peers, according to exclusive data shared with City A.M. The FTSE techMARK 100, London’s technology index, rose seven per cent last year as the FTSE floundered and shed 12 points, research by Bowmore Asset Management shows. After what has essentially [...]
Outrageous raging inflation, and the distortion of CPI October 5, 2022 This week, Dr Chris Kacher pours scorn on CPI while speculating on what might happen if quantitive easing is introduced again.
DS Smith’s profit drops 54 per cent despite lockdown shopping surge in UK December 10, 2020 Cardboard manufacturer, DS Smith, will resume dividend payments despite a 54 per cent drop in profits in the six months to 31 October.