Tata Steel seeks £500m in government cash for Port Talbot plant April 26, 2020 Tata Steel needs £500m from the government to survive the coronavirus economic slowdown, MP for Aberavon Stephen Kinnock said. Kinnock asked first secretary Dominic Raab in parliament last week to lift the amount lent to businesses under the coronavirus large business interruption loan scheme (CLBILS) from £50m to £500m to help Tata Steel with lost [...]
Chelsea 2-0 Tottenham: Spurs’s Stamford Bridge curse continues as Blues begin to click into gear after Kepa saga February 27, 2019 As Tottenham slipped to a disappointing defeat tonight they knew their Stamford Bridge curse had not been broken. Spurs have now won just once in the last 33 attempts away to their London rivals while the result also gave them the unwanted fact of four consecutive defeats away from home for the first time in 10 years. [...]
FTSE 100 drops as pound surges and Covid worries grow October 21, 2020 The FTSE 100 dropped as investors worried over new coronavirus restrictions and the pound soared amid hopes of a Brexit deal, hurting firms’ overseas earnings. London’s blue-chip index opened flat but had tumbled 1.3 per cent by late morning to 5,814 points. The FTSE 250 was down 0.3 per cent. Read more: UK inflation climbs [...]
Screenshot: Is the Super League the biggest PR disaster of all time? April 23, 2021 This week **Media Moment of the Week: Radio loses a legend **Is the Super League the biggest PR disaster of all time? **Is Netflix’s pandemic party finally over? Media Moment of the Week: Radio loses a legend For many Brits, radio has been a much-needed source of entertainment (and company) during the pandemic. But long [...]
Over-50s insurer Saga set to meet profit expectations after sales cruise forward January 16, 2019 Saga, the insurer and package holiday provider for the over-50s, reported overall profitability is in line with expectations today despite a “challenging” market. Forward sales for cruises have been strong, the company reported, with its ship the Spirit of Discovery, which will set sail in June this year, reaching 69 per cent of the sales [...]
Goldman Sachs to pay $3bn to settle charges over role in 1MDB scandal October 22, 2020 Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) to settle a probe into its role in Malaysia’s 1MDB corruption scandal, drawing a line under a saga that has dogged the bank for years. The settlement resolves a probe led by US authorities into the bank’s role in underwriting three bond offerings in 2012 and [...]
Screenshot: How Amazon set up shop on cloud nine February 5, 2021 This week **Media Moment of the Week: Parish the thought **How Amazon set up shop on cloud nine **Will BT look to the stars? Media Moment of the Week: Parish the thought Anyone who thinks local politics is boring has clearly never attended a meeting of the Handforth Parish Council Planning and Environment Committee. Or [...]
Screenshot: Will Sunak save music festival season? January 8, 2021 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week **Media Moment of the Week: Reporting from the ruins of democracy **A rallying cry to save music festivals **Youtube, Talk Radio and the quagmire of online regulation Media Moment of the Week I usually [...]
Hammersmith Bridge: Government thinks TfL inflated £140m repair estimate September 9, 2020 The government is refusing to fund repairs for the closed Hammersmith Bridge because it believes the £140m price tag has been inflated by the local council and Transport for London (TfL), City A.M. can reveal. A source close to transport secretary Grant Shapps said the government wants to fund the restoration of the 133-year-old West [...]
Disney sparks backlash over #MayThe4th hashtag rights claim April 28, 2020 Disney has sparked a backlash on social media after the entertainment giant appeared to claim ownership of the rights to tweets containing the #MayThe4th hashtag. In a tweet posted yesterday by Disney Plus, the streaming service encouraged fans to share their favourite Star Wars memory using the hashtag. But in a follow-up tweet full of [...]