The City View podcast from City A.M., with Dr Alan Mendoza April 23, 2020 The City View Podcast – Listen Now Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian talks to foreign-policy specialist Dr Alan Mendoza about China’s handling of the coronavirus pandemic, amid suggestions that Chinese authorities should be held to account for the global damage caused by the outbreak. [...]
UK banks slammed by Tory backbencher for not acting in national interest April 22, 2020 The UK’s banking sector has been criticised for not working in the national interest as some banks move to rapidly raise overdraft interest fees. Tory backbencher Peter Bone slammed the nation’s banks at today’s Prime Minister’s Questions (PMQs) for hiking interest rates on overdrafts while many struggle during the coronavirus crisis. Some banks have increased [...]
Coronavirus: Moss Bros shares dive as bidder looks for exit April 22, 2020 Shares in Moss Bros plunged more than 20 per cent today after the menswear firm said Brigadier Acquisition Company was seeking to pull out of a £22m deal to take it private due to coronavirus. The suit retailer said this morning that it had been informed by Brigadier, which owns Crew Clothing, that it is [...]
Exclusive: UK tech startup confidence slumps amid Covid-19 crisis April 22, 2020 Confidence levels among tech startups have slumped since the start of the year as the coronavirus crisis takes its toll on the UK’s thriving tech sector. Just 32 per cent of businesses are confident or very confident that their turnover will increase in the year ahead, City A.M. can reveal. This marks a quarterly drop [...]
Coronavirus: Banks team up with mobile industry to tackle text scams April 22, 2020 The UK’s banking and mobile industries have partnered with spy chiefs to crack down on text message scams linked to the Covid-19 crisis. The new campaign is aimed at tackling so-called spoofing techniques, where cyber criminals mimic legitimate businesses or organisations to trick unsuspecting victims into handing over sensitive information. Many scammers have attempted to [...]
Law and accountancy firm coronavirus partner promotions: a poisoned chalice? April 22, 2020 Law and accountancy firms have promoted swathes of new partners in recent days with many firms hailing the strong rounds as a signal of confidence in the future. But with new partners typically required to stump up £50,000 to £100,000 to join partnerships, it is a potentially risky step up for the individual during the [...]
UK coronavirus outbreak has reached peak, says health secretary Matt Hancock April 22, 2020 Health secretary Matt Hancock confirmed today that that the UK coronavirus outbreak has reached its peak. Speaking in the House of Commons today, Hancock confirmed that the pandemic had hit its peak in the UK and that new cases were starting to drop. “As we reach – have reached the peak – and as we [...]
David Buik: Tories could lose next election over coronavirus loans delays April 22, 2020 Top City commentator David Buik has warned the slow payment of coronavirus loans to businesses could mean the Tories lose the next election. The City of London’s veteran financial pundit has urged chancellor Rishi Sunak to “rethink” the government’s stance on loans to businesses hit by coronavirus, with UK lending far outstripped by other countries. [...]
Coronavirus: Missouri sues Chinese government over handling of virus April 22, 2020 The Midwest state of Missouri has launched a lawsuit against China for the economic damage caused by the coronavirus pandemic. It says the economic losses is a direct result of the Asian state’s response to the original outbreak in Wuhan. The state’s attorney general Eric Schmitt filed the complaint, alleging that Missouri has lost tens [...]
Former Channel 4 executive launches flexible working creative agency Soursop April 22, 2020 A former Channel 4 and Vice executive has today launched a new creative agency built on a model of flexible and remote working. Soursop will hire staff around the world to work on projects for brands across editorial, advertising, film and TV. The company has secured Samsung and Nike as founding clients and has already [...]