The next memestock? Avis shares rocket 218 per cent in a single day November 2, 2021 Shares in car rental giant Avis are surging this afternoon after positive earnings data, leading some to compare the jump to those of memestocks Gamestop and AMC. Its stock price is currently trading up 81.5 per cent to $316, after paring some early gains. Avis shares were rallying as much as 218 per cent immediately [...]
Emirates boss: Covid will be ‘history’ by end of next year and aviation will recover October 6, 2021 Emirates president Sir Tim Clark has said that the aviation sector is months away from going back to normal and will not suffer a long recovery, which was initially predicted by industry stakeholders during the peak of the pandemic. Clark, who has run the Dubai-based airline since 2003, told the Telegraph the aviation sector will [...]
Exclusive: ESG consultancy sector to swell to nearly £12bn in next five years, says industry insider February 7, 2022 Spending by companies on ESG and sustainability consulting is set to more than double over the next five years to a record £11.8bn, or $16bn, according to a new report that was exclusively shared with City A.M. today. The market will grow at a CAGR of 17 per cent, from around $6.24 billion at the end [...]
The Capitalist: City boys fight for £1k Oasis tickets as corporate demand explodes August 29, 2024 Oasis tickets look set to be the hottest corporate perk next year, with firms already splashing out for packages, The Capitalist has learned.
‘Election bot takeover’: Could you tell a real Rishi from a fake? November 15, 2023 The UK agency said the next UK general election in 2024 is at risk of being swayed by the ominous presence of deepfakes.
Sunak eyes budget delay to next year July 16, 2021 Chancellor Rishi Sunak could delay the budget until next year to allow him to assess more timely data on the economic impact of ending business support schemes. The news was first reported by The Guardian, which said officials have reportedly told Sunak waiting until the end of spring 2022 may provide him with more time [...]
UK General Election: When should Sunak pull the trigger? January 4, 2024 With Rishi Sunak holding the power for the date of the next General Election, Will Cooling looks at when the PM should pull the trigger.
Supermarket sweep: Sainsbury’s and Tesco singled out as next takeover targets October 4, 2021 Sainsbury’s and Tesco have been singled out as the next targets for buyout firms after the Morrisons deal. US investment company Fortress – which was beaten to the Morrisons takeover by private equity Clayton, Dubilier & Rice (CD&R) at auction – has indicated it is interested in other UK acquisitions. Joshua Pack, financier at Fortress, [...]
HSBC working on custodial service for digital assets… as long as they’re not crypto November 9, 2023 HSBC says it plans to launch a custody service for the storage of ‘blockchain-based assets’ - excluding cryptocurrency – next year.
Business confidence edges higher but investment remains a ‘concern’ July 8, 2024 58 per cent of firms expect to see an increase in turnover over the next year compared with 56 per cent in the first quarter.