Mulberry swings to full year loss as coronavirus shuts down high street October 5, 2020 Fashion house Mulberry fell to a £14.2m loss in the last financial year, the firm announced today, as the coronavirus pandemic derailed the firm in its final month of trading. The firm said that it had been on course to report a profit for the second half of the year before the virus shut down [...]
In tearing up America’s democratic norms, Donald Trump leaves behind a poisonous legacy November 15, 2020 As I write this, with the states of Nevada, Pennsylvania, Georgia, Arizona, and North Carolina circling around him, the first term of Donald J. Trump as President of the United States is about to come to a shattering end. Notice that I said first term. For there is little doubt that the Republican Party remains [...]
Supreme Court backs Northern Irish bakery in gay cake fight October 10, 2018 The UK Supreme Court ruled today that a Northern Irish bakery that refused to decorate a cake with a pro-gay marriage slogan acted lawfully. In 2014 the Ashers bakery refused to fulfil an order from the customer Gareth Lee who had asked for a cake to be decorated with the Sesame Street characters Bert and [...]
What next for one-term President Donald Trump? November 11, 2020 There perhaps nothing that will hurt Donald Trump more than being a one-term wonder. Politics is a cruel game, there is no second place, and falling short is both brutal and public. For a man with an ego that the world has come to know, the last six weeks as a caretaker President will rankle. [...]
‘Markets got what they really did not want’: The City reacts to knife-edge US election November 4, 2020 Investors didn’t want this to happen. They had bet on a Joe Biden win in the US presidential election that they hoped would unleash a big stimulus, but found themselves rapidly adjusting their positions as the race became too close to call. Bonds and the dollar rose as investors sought safety. US stocks were volatile, [...]
Screenshot: Who’s invited to the UK’s summer of fun? March 19, 2021 This week **Media Moment of the Week: No 10’s power vacuum **Who’s invited to the UK’s summer of fun? **BT gets a broadband boost Media Moment of the Week: No 10’s power vacuum There are two main things to remember when unveiling your grand £2.6m briefing room to the world: make sure it doesn’t look [...]
Before the bell: Equity sentiment slips while all eyes are on OPEC November 30, 2020 Equity markets had a positive run last week on the back of more progress being made with respect to developing a Covid-10 vaccine. In addition to that traders are more optimistic that President Trump will leave office quietly in January. The main story of the week was that the drug being developed by AstraZeneca and [...]
US Election Betting: There’s never been anyone like Trump September 25, 2020 Despite trading every major election since Betfair Exchange’s inception, I’ve never seen anything like Donald Trump versus Joe Biden. This will be the biggest ever betting event, surpassing the new records set at the 2016 EU referendum and US election. The betting starkly contrasts polls. Betfair Exchange odds imply a 54% chance for Biden, compared [...]
Boris Johnson lands in UK as MPs prepare to grill him in parliament September 25, 2019 Boris Johnson’s RAF Voyager plane has touched down in London just over an hour before MPs are set to return to the House of Commons after yesterday’s Supreme Court ruling. Read more: Prime Minister flies into Brexit storm as Supreme Court rules prorogation unlawful The Prime Minister cut short his New York trip to face [...]
Sunday Sitdown: ‘Skittish’ banks need to up their game, says CEO of Ezbob April 25, 2021 Following a nightmare year that was hugely disrupted by the pandemic and three subsequent lockdowns, the City is slowly switching into recovery mode as the economy starts to re-open and many sectors are coming back to life. To discuss the way back up, City A.M. sits down with Tomer Guriel, chief executive of Marble Arch-based [...]