FTSE 100 logs worst week in more than a year December 21, 2024 The FTSE 100 touched a more than one-month low on Friday and logged its sharpest drop since October 2023 for a week filled with a raft of central bank policy decisions. The FTSE 100 dropped 0.3 per cent, hitting its lowest since 13 November, though the mid-cap FTSE 250 was up 0.3 per cent, after [...]
US Senate passes government funding bill to avoid shutdown December 21, 2024 The US Senate has rushed through the final passage of a bipartisan plan that would temporarily fund federal operations and disaster aid. Facing a government shutdown deadline, the restructured bill dropped President-elect Donald Trump’s demands for a debt limit increase into the new year. House Speaker Mike Johnson had insisted Congress would “meet our obligations” [...]
Our film editor’s 15 best movies of 2024, from Dune to Poor Things December 21, 2024 It’s been a hugely significant year for the movies: Hollywood got back to work after the 2023 strikes, the superhero genre continued to nosedive and nostalgic sequels were all the rage. As the year wraps up, City AM Film Editor Victoria Luxford picks her 15 best movies of the year. The Holdovers (January) Destined to [...]
A look back at the highs and lows of politics in 2024 December 20, 2024 With elections in the UK and US in 2024, a new government, and a fresh opposition leader, watchers of Westminster and elsewhere have had a busy year in politics. At City AM we’ve followed every twist and turn as Labour secured an election victory in July, Donald Trump pulled off a White House comeback and [...]
Mike Ashley loses vote to join Boohoo board December 20, 2024 Mike Ashley has lost his bid to become a board member of fast-fashion giant Boohoo, which his Frasers Group is the largest shareholder. More than 63 per cent of votes were cast against the appointment of the billionaire at a general meeting in Manchester. Almost the same number of votes were also cast against Michael [...]
Harry Potter and the Cursed Child maker remains in the red amid West End troubles December 20, 2024 The company behind the Harry Potter and the Cursed Child stage play remains in the red amid falling sales and show closures, it has been revealed. The joint venture which produces the show across the world has reported a turnover of £41.3m for the year to 31 March, 2024, down from the £45.2m it achieved [...]
Lord Peter Mandelson expected to be named next ambassador to US December 20, 2024 Labour grandee Lord Peter Mandelson is expected to be the next UK ambassador to the US. Lord Mandelson, who served in the cabinets of Sir Tony Blair and Gordon Brown, is poised to be the UK’s next top diplomat in Washington, in a political appointment as President-elect Donald Trump returns to office. The tenure of [...]
Digital skills are key to staying connected at Christmas December 20, 2024 The generation that invented the web should not be isolated from its possibilities, says Victoria Johnson A 65 year-old today was 30 when the world wide web launched. It is this generation who have contributed most to the development of the technology that underpins life as we know it today. And while ONS data shows they are [...]
Why you shouldn’t give to charity this Christmas December 20, 2024 You wouldn’t make all of your investment decisions in the last few days of the year, but that’s when most people make their charitable donations. It’s not effective philanthropy and it doesn’t help the charities themselves either, says Gilad Tanay It’s Christmas season. In London, that generally means a few things: last-minute present shopping, filling [...]
Bank of England may be forced to prioritise growth in 2025 December 19, 2024 Despite inflation continuing to be a headache for the Bank of England, leading it to hold interest rates today, the central bank may end up being forced to make more cuts than it would like in 2025 to salvage the UK economy. While today’s decision from Andrew Bailey’s Monetary Policy Committee to hold rates had [...]