• UK economic growth to smash official forecasts this year Link https://t.co/amaT7uGzzN
    City A.M. Thu 16 Sep 2021 15:56

    The UK economy will grow faster than official forecasters expect this year and the rate of expansion will be higher in the long term, according to a new report released today.

  • Hop growers, breweries and Tesco team up for ‘fruitier' IPA-style beers to counter US imports Link https://t.co/e63aR24L8O
    City A.M. Thu 16 Sep 2021 15:41

    A Worcestershire hop grower has teamed up with a Derbyshire brewery and retailer Tesco on the first of a series of “all-British grown” IPA-style beers aimed at halting the charge of imported ingredients from America.

    Newland-based hop factor and merchant Charles Faram has been on a 10-year mission to modernise the flavour of British hops through natural cross-breeding programmes, making some varieties “fruitier” to compete with US-grown competitors used in East and West Coast IPAs.

    Traditional hop-growing areas including Kent, Herefordshire and Worcestershire have faced increasing competition in recent years from New World hops brought in from the US, Australia and New Zealand, as younger drinkers demanded bolder new tastes.

  • Link enters £11m esports deal with Fnatic Link https://t.co/DN4x6jBzq6
    City A.M. Thu 16 Sep 2021 15:41

    The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. It is not intended to offer access to any of such products and services. You may obtain access to such products and services on the Crypto.com App. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions.

    ###

    London-based esports brand Fnatic has announced a multi-year partnership deal with the Crypto.com exchange worth $15m (£10.9m).

    The 5-year partnership will open up cryptocurrency payment options for Fnatic fans and see the esports company launch digital products, including NFTs. The Crypto.com logo will be featured on Fnatic jersey’s.

    Fnatic CEO, Sam Mathews, called the...

  • Brexit: EU financial services lobby groups call for extension to UK clearing house access Link https://t.co/hcm6pes7Fe
    City A.M. Thu 16 Sep 2021 15:31
    The groups wrote to the European Commission today, warning “there is a significant risk of market disruption for EU clearing members and their clients" if the deal is not extended past June next year. (Getty Images)
  • High street gaps filled by independent businesses as chains suffer Link https://t.co/LnoTmyJ0aF
    City A.M. Thu 16 Sep 2021 15:31

    Independent shops are filling gaps on high streets left after the shuttering of chain stores, recording their first rise in numbers in four years.

    Some 804 locally run convenience stores, barbers, bakers, cafes and fast-food outlets opened in the first half of 2021, according to Local Data Company (LDC) analysts.

    While local retailers enjoyed new openings, a net 5,251 chain stores, hospitality and leisure businesses closed down in the year’s first half.

  • Biennial World Cup plan backed by most football fans, claims Fifa Link https://t.co/UrQHgFORhb
    City A.M. Thu 16 Sep 2021 15:31
  • Brexit ‘gloom-mongers’ have been proved wrong as UK is prospering, says Lord Frost Link https://t.co/R0s3dlTC1v
    City A.M. Thu 16 Sep 2021 15:31

    The UK is “prospering vastly” following the split from Brussels, the Brexit minister said as he stressed the Government’s aim to create “a high wage, high productivity economy”, rather than one “reliant on cheap labour”.

    Brexit “gloom-mongers” have therefore been proved wrong following the UK’s departure from the European Union, Lord Frost told Parliament.

    The Tory frontbencher made his comments as he outlined a plan to overhaul retained EU law, left over after the ending of the transition period in December 2020, to ensure rules were tailored to the UK “rather than the average”.

  • 130 universities in UK: Half of new Cabinet studied at Oxford or Cambridge Almost half of the new Cabinet went to #Oxford or #Cambridge while over 60 per cent attended a private school --> Link #Reshuffle #Cabinet #BorisJohnson #privilege #LizTruss #Boris https://t.co/aTrHpAMohi
    City A.M. Thu 16 Sep 2021 15:31

    Almost half of Boris Johnson’s new Cabinet went to Oxford or Cambridge universities while over 60 per cent attended a private school.

    New Foreign Secretary Liz Truss, Housing Secretary Michael Gove and Chancellor Rishi Sunak all attended Oxford University.

    Moreover, one in four of all Conservative MPs studied at one of the two prestigious universities, according to research that was sent to City A.M. this morning.

  • EU rolls out new China strategy hours after US, UK and Australia present pact Link https://t.co/5QiSwOozAv
    City A.M. Thu 16 Sep 2021 15:26
    The 27-nation bloc’s relations with China are currently at a low point, but the EU insists that the move is not aimed at countering Beijing’s influence, even though the strategy does foresee the deepening of trade and investment ties with Taiwan. (Getty Images)
  • Katherine Zappone affair rocks Irish government as leak allegations pile up Link https://t.co/jRbpx7KHKM
    City A.M. Thu 16 Sep 2021 15:21

    Irish government minister Simon Harris denied today lleaking information from cabinet and said he is “very seriously” considering making a complaint against the Sinn Fein TD who made the allegation.

    Speaking with the protection of privilege in the Dail this afternoon, Sinn Fein’s Matt Carthy claimed Harris had leaked information about the proposed appointment of Katherine Zappone as a UN envoy.

    The appointment of the former children’s minister to the UN role triggered a major political controversy and led to a vote of confidence in Foreign Affairs Minister Simon Coveney for his handling of the affair.

  • Polychain Capital leads $230m investment round in Avalanche Link
    City A.M. Thu 16 Sep 2021 15:16

    Polychain and Three Arrows Capital have led a $230m investment round in the Avalanche network, buying up the company’s native crypto currency AVAX.

    R/Crypto Fund, Dragonfly and CMS Holdings were also among investors who bet big on Avalanche, an ultra fast, eco-friendly blockchain protocol which supports a growing ecosystem of DeFi projects. Proceeds from the sale will support and accelerate the rapid growth of DeFi, enterprise applications, and other use cases on Avalanche’s public blockchain.

    “We are pleased to support Avalanche as the platform continues to grow its vibrant community of open source developers,” said Olaf Carlson-Wee, Founder and CEO, Polychain Capital. “We look forward to seeing the next generation of applications launching on the platform.”

  • Try fine German wines at Somerset House Link
    City A.M. Thu 16 Sep 2021 15:06

    Eva Fricke’s wines are much sought-after, often going for as much as £3,000 per half-bottle at auction. Her Lorcher Krone Riesling Trockenbeerenauslese 2019 is the first wine to score 100 points from the respected American publication The Wine Advocate. Only eighteen bottles are in existence. Now you can sample some of her wares alongside those of other incredible, under-the-radar German producers. 

    Wines of Germany is holding its first table-top consumer tasting event since lockdown on Friday 17 September on the River Terrace of Somerset House. Wine retailers and importers including Waitrose, Co-op, Liberty Wines, Bancroft Wines, Swig, and Stannary Street Wine will all be plying their wares, with over 100 wines available to taste throughout the evening, which runs from 6.30pm to 9.30pm. Entry is £20.

  • Going grey gracefully: How to make silver hair work for you Link https://t.co/M4TDxNMglD
    City A.M. Thu 16 Sep 2021 15:01

    Last week, I wrote about the trauma I endure when going to the hairdresser. However, there was an upside. As the barber’s scissors danced around my head, he remarked that I had thick hair. I agreed, without wanting to seem boastful of something utterly outwith my control. But I ventured the opinion that, while I was not succumbing to baldness, I was beginning to go grey quite a bit at the sides.

    “That hair’ll stay, though, sir,” he observed.

    I looked pleased.

  • Menstrual changes after vaccination should be investigated, says BMJ report Link https://t.co/yZnT37N2bY
    City A.M. Thu 16 Sep 2021 14:56
    The report urged that while Covid-19 vaccines have no proven negative effects of fertility, its impacts on menstruation for some should be investigated to avoid vaccine hesitancy. (Photo by Hollie Adams/Getty Images)
  • Aviva makes £320m bulk annuity deal with pension fund Aviva has today announced the completion of a bulk purchase annuity deal, worth £320m, with the John Laing Pension Fund --> Link #Aviva #JohnLaing @avivaplc #PensionFund #Investment
    City A.M. Thu 16 Sep 2021 14:51

    Aviva has today announced the completion of a bulk purchase annuity deal, worth £320m, with the John Laing Pension Fund.

    A manager of infrastructure projects John Laing is an active investor in large transport, social and environmental infrastructure projects and renewable energy projects globally.

  • Can tax be simplified? @ICASaccounting #sponsored Link
    City A.M. Thu 16 Sep 2021 14:51

    ICAS supports tax simplification as a vital part of building an effective and trusted tax administration system but making simplification happen isn’t simple.

    Why simplify tax?

    The complexity of UK tax legislation is reflected in complex tax administration systems which are difficult to use and do not facilitate compliance. Compliance is also undermined because many taxpayers do not understand their basic tax obligations. Complexity drives up costs for taxpayers (and HMRC) and undermines trust in the tax system. For businesses, it can divert resources away from running the business into wrestling with tax administration.

  • Piers Morgan set to join new Murdoch-backed TV channel Morgan will join News Corp and Fox News Media for the launch of its new channel early next year after signing a global deal --> Link #Piersmorgan @piersmorgan #RupertMurdoch #Murdoch #FOX #Media #GMB
    City A.M. Thu 16 Sep 2021 14:46
  • Ex-Goldman Sachs Dogecoin millionaire joins UK healthcare company Link https://t.co/S7N4AUjoyu
    City A.M. Thu 16 Sep 2021 14:41

    A Goldman Sachs manager who quit after making millions from the meme-based, crypto currency Dogecoin has reemerged as the Executive Chairman of a UK healthcare company.

    Aziz McMahon will join SpectrumX as Executive Chairman, focussing on investor relations, corporate governance, and the formulation of the company’s new ESG policy. McMahon was formerly the head of emerging market sales at the US investment bank, but he resigned after profiting from Dogecoin’s meteoric rise this year.

    Aziz McMahon, an early stage investor in the company, said, “having supported SpectrumX since the outset, I am excited to agree to an executive chairman role.”

  • Going underground: London has a new tube map The opening of new stations means Harry Beck’s tube map masterpiece needs a makeover. See here what changes for you --> Link #Tube #NorthernLine #LondonUnderground #TfL #Battersea #NineElms #London #Transport https://t.co/TGPkrDQom4
    City A.M. Thu 16 Sep 2021 14:16

    South London’s tube map is about to get a whole lot messier.

    The opening of two new stations – Battersea Power Station and Nine Elms – means Harry Beck’s tube map masterpiece needs a makeover.

    The stations will open this coming Monday as a Northern Line spur, with passengers changing at Kennington.

  • US retail sales smash expectations in August Link https://t.co/WhHd6FcYfq
    City A.M. Thu 16 Sep 2021 14:11
    Retail sales jumped 0.7 per cent in August, up sharply from 1.8 per cent in the previous month, according to fresh figures published by the US Commerce Department (Photo by Spencer Platt/Getty Images)
  • Aviva makes £320m bulk annuity deal with pension fund Link https://t.co/jlmGe6hiQ6
    City A.M. Thu 16 Sep 2021 14:01

    Aviva has today announced the completion of a bulk purchase annuity deal, worth £320m, with the John Laing Pension Fund.

    A manager of infrastructure projects John Laing is an active investor in large transport, social and environmental infrastructure projects and renewable energy projects globally.

  • 130 universities in UK: Half of new Cabinet studied at Oxford or Cambridge Link
    City A.M. Thu 16 Sep 2021 13:46

    Almost half of Boris Johnson’s new Cabinet went to Oxford or Cambridge universities while over 60 per cent attended a private school.

    New Foreign Secretary Liz Truss, Housing Secretary Michael Gove and Chancellor Rishi Sunak all attended Oxford University.

    Moreover, one in four of all Conservative MPs studied at one of the two prestigious universities, according to research that was sent to City A.M. this morning.

  • Celebrity farmer Jeremy Clarkson urges govt to 'ban the sale of avocados' Link #jeremyClarkson #food #farming #shortages #CelebrityFarmer #avocados #farmers
    City A.M. Thu 16 Sep 2021 13:46

    TV personality Jeremy Clarkson has called on the government to protect Britain’s food supplies just as the country is defended from attacks from foreign powers by its armed forces.

    Speaking at an event in Westminster hosted by the National Farmers’ Union (NFU) earlier today, Clarkson urged the Government to commit to not let Britain’s self-sufficiency in food production slip below its current level of 60 per cent.

    The NFU also wants more British food in public sector catering such as schools and hospitals, action to increase home-grown produce and help for consumers to buy British through filters and better labelling of online groceries.

  • Zoom boom' leads to more liposuction, Botox, Brazilian butts and facelifts Link #plasticsurgery #liposuction #botox #facelift
    City A.M. Thu 16 Sep 2021 13:41

    A plastic surgery boom that started during lockdown is not expected to slow down as workers continue to use video calling platforms such as Zoom and Skype, experts have told City A.M.

    Everything from breast augmentation and rhinoplasty to Botox injections and facelifts. cosmetic procedures have risen at an astounding rate since the start of the pandemic, according to the Aesthetic Society.

    Breast augmentation and Brazilian Butt Lifts are the top surgeries being performed; however, liposuction, rhinoplasty, eyelid surgery and facelifts are also on the rise.

  • RT @michielwil: Un-pandemic queues for the Sky Garden in the City this afternoon. Buzzing. #SquareMile #CityofLondon @SG_SkyGarden #City ht…
    City A.M. Thu 16 Sep 2021 13:41
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