Budget: Looming tax hike met with shock and horror within the self-employed community March 2, 2021 Chancellor Rishi Sunak is expected to announce new taxes on online deliveries and freelance workers in tomorrow’s Budget, largely aimed at helping to pay off the UK’s Covid spending. Moreover, he may up taxes for self-employed people. The taxes are aimed at targeting online firms like Amazon, Boohoo and Asos, which have seen profits soar [...]
Surge testing rolled out in more London boroughs over new South Africa Covid cases March 2, 2021 The London boroughs of Barnet and Merton have become the latest regions in the capital to receive surge testing, after officials identified new cases of the South Africa Covid variant. Residents in the N2 and NW4 regions of Barnet, as well as the Wimbledon Park area in Merton, are strongly encouraged to take a Covid-19 [...]
BBC Three to return to TV screens after Normal People and Fleabag success March 2, 2021 BBC Three will return as a broadcast TV channel next year after delivering a string of recent hits such as Normal People, Fleabag and Killing Eve. The youth-focused channel was made online-only in 2016 as part of a cost-cutting plan by the public service broadcaster. But after a run of popular shows over the last [...]
Exclusive: Google to pass on digital tax cost to advertisers September 1, 2020 Google will increase the price of advertising on its platforms in the UK due to the Digital Services Tax, City A.M. can reveal. In an email sent to advertisers today, seen by City A.M., the tech giant laid out plans for a two per cent ‘UK DST Fee’ which will be added to invoices from [...]
French supermarket chain Casino sees pandemic costs eat into profits July 30, 2020 French supermarket chain Casino reported a jump in revenue in the second quarter due to a surge in stockpiling triggered by coronavirus lockdown, but extra costs related to the pandemic ate into profits. Operating profit fell 15.3 per cent to €386m (£348.34m) in the first six months of the year as extra staff bonuses, in-store [...]
Finding opportunities in stagflationary times July 7, 2022 Slowing growth and rising inflation is a negative combination for both equity and bond markets. Nevertheless, there are opportunities emerging for global equity investors. This has been a challenging year for equities. Russia’s invasion of Ukraine has led to soaring energy and commodity prices, a global stock market slump and elevated volatility. Recession appears likely, [...]
Sony raises profit outlook by a third amid lockdown home entertainment boom February 3, 2021 Japanese electronics and media giant Sony Corp on Wednesday hiked its full-year profit outlook by a third as it taps surging demand for video games, music and movies as people feast on home entertainment amid Covid19 lockdowns. Reuters reports this morning. Sony now expects 94bn yen ($8.95bn) in operating profit in the 12 months through [...]
Amazon leads £450m Deliveroo funding round as startup expands London tech team May 17, 2019 Deliveroo today confirmed Amazon is leading a $575m (£450m) funding round in the food delivery business as it plans to expand its London engineering team with some of the cash. Read more: Amazon in talks to invest millions in Deliveroo The round, including money from existing investors T Rowe Price, Fidelity Management and Greenoaks, takes [...]
Toy subscription service Whirli raises £4m seed funding round December 15, 2020 A London-based toy sharing subscription service has raised £4m in its seed round led by Octopus Ventures just in time for Christmas. Rather than a usual subscription service, Whirli subscribers borrow toys instead of purchasing them and any unloved or outgrown toys can be sent back and swapped for another item. Whirli’s service, which starts [...]
If crypto is bunk then Henry Ford should watch Interstellar June 14, 2021 Elon Musk and Henry Ford appear to have more in common than we think, says Monty Munford, but neither can hold a candle to Interstellar.