Facebook and Twitter start removing violent rhetoric as US election tensions rise November 6, 2020 Facebook removed last night a fast-growing group in which supporters of US President Donald Trump posted violent rhetoric, as the social media giant, as well as Twitter, step up efforts to take down baseless claims and avoid potential violence after a contentious election. The “Stop the Steal” group, which called for “boots on the ground to [...]
The City View: Subpar UK economic figures, and more rate hikes to come May 12, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through the gloomy economic figures released by the ONS this morning measuring the economy’s performance, and explain what this will mean for rate hikes going forward. And in the news: BT has confirmed a joint sports venture with Warner Bros [...]
FTSE reshuffle: Who’s in and who’s out of London’s blue-chip index? March 3, 2021 FTSE reshuffle: Who's in and who's now out of London's blue-chip index?
Joe Biden sworn in as the 46th US President January 20, 2021 Joe Biden has been sworn in as the 46th US President in a toned down inauguration ceremony at Washington, DC’s Capitol building. The former Vice President took the oath of office just before 5pm London time in front of roughly 2,000 members of congress, Democratic party figures and other Washington VIPs. Biden was sworn in [...]
New Tesco boss’s start date delayed until October February 3, 2020 The start date of Tesco’s new boss Ken Murphy has been pushed back as he is forced to see out a non-compete agreement. The supermarket giant announced in October last year that chief executive Dave Lewis will step down this summer, and will be succeeded by Walgreens Boots Alliance veteran Murphy. However, the grocer said [...]
WPP client wins help revenue decline slow October 29, 2020 Ad giant WPP reported another fall in sales in the third quarter but the pace of decline slowed from the previous quarter. The British owner of the Ogilvy, Grey and GroupM agencies said its like-for-like sales had dropped by 5.5 per cent to £2.97bn, compared with a 11.5 per cent drop in the previous quarter. [...]
Boots blames ‘weak’ retail conditions for fall in UK sales December 20, 2018 Boots has recorded a fall in sales in the first quarter as it becomes the latest UK retailer to be hit by tough high street conditions. The pharmacy and health chain's US owner, Walgreens Boots Alliance, said comparable pharmacy and retail sales fell 3.5 per cent and 2.6 per cent respectively. It said the company’s [...]
Labour should become the party of AI and tech under Keir Starmer February 16, 2021 Sir Keir Starmer has had a rough start to 2020. The Labour leader has taken a battering in the past few weeks for a perception that Starmerism has no impetus or direction, leaving some pundits to question whether he has cut through beyond the SW1 bubble. While much of this criticism should be dismissed when [...]
Apple accuses Fortnite creator of ‘publicity stunt’ in app dispute September 16, 2020 Apple has said any damages experienced by Fortnite creator Epic Games after being removed from its App Store are “entirely self-inflicted”, as a legal battle between the two firms rages on. In new legal filings, Apple said Epic could immediately reverse the tech giant’s decision to ban the app by complying with the App Store’s [...]
McLaren boss says operating costs now ‘break even’ following fundraising and redundancies, and downplays second wave fears October 19, 2020 McLaren CEO Mike Flewitt has described his “horrible” 2020 in an exclusive interview with City A.M., but says he is “cautiously optimistic” despite the second wave of coronavirus. Flewitt was forced to make 1,200 redundancies – almost a quarter of the company’s 4,000-strong workforce – and carry out a sale and lease-back of the McLaren [...]