Why the advent of an “expert committee” doesn’t make Corbynomics any less scary September 28, 2015 Jeremy Corbyn and his shadow chancellor John McDonnell are desperate to be seen as economically credible. As part of this, on Sunday Labour announced the creation of a new economics committee made up of the economic darlings of the left: Thomas Piketty, Danny Blanchflower, Ann Pettifor, Joseph Stiglitz, Mariana Mazzucato and Simon Wren-Lewis. Make [...]
Behold: the City finally has a mixologists’ bar September 22, 2015 I hate to be the one to break it to you, but the Square Mile isn’t a great place for cocktails. Sure, you can now get them in most bars (and even some pubs), but most aren’t worth the lemon they’re garnished with. I think it’s a supply and demand thing. Perhaps understandably, the City [...]
Thomas Piketty and Joseph Stiglitz signed up to Labour’s economic advisory panel by John McDonnell September 27, 2015 The so-called rock star economist Thomas Piketty and Nobel prize-winner Joseph Stiglitz are among the top economists recruited to a new Labour group designed to put some weight behind the party's economic policies. Labour shadow chancellor John McDonnell has named a six-strong group of economists, known for their anti-austerity leaning, to a new panel which [...]
Boxing day sales: Stats, facts and pictures as queues form overnight for bargain bonanza December 26, 2014 High streets in the UK have been overflowing as boxing day sales lured shoppers out of the house with some of the biggest discounts in years. Queues even formed overnight outside department stores in Oxford Street and Westfield shopping mall in Stratford with bargain-hunters looking to nab the best deals ahead of the crowds. Pictures [...]
Morrisons, Tesco, Ocado and Marks & Spencer’s share prices soar after UK food sector shows signs of growth February 10, 2015 Supermarkets led the FTSE 100 higher this afternoon, after figures revealed the grocery sector was in growth once again. Morrisons' share price had recorded the biggest gains at pixel time, rising 5.5 per cent. This was on the back of Kantar figures out this morning, showing its sales had fallen 0.4 per cent, the [...]
M&S share price suffers after downgrade ahead of third quarter results January 5, 2015 Marks & Spencer shares fell over three per cent in mid-afternoon trading after a downgrade by investment bank Societe Generale and as it prepares to report third quarter sales figures later this week. The British retailer started the new year on the back foot after analysts at Societe Generale took the stock rating from "buy" to [...]
John Lewis awards £94m online contact centre contract to Capita March 17, 2014 OUTSOURCING firm Capita yesterday said it has been selected by John Lewis to provide its online contact centre, as the department store chain looks to expand its digital presence. Under the agreement, which is worth £93.5m over five years, the FTSE 100-quoted firm will deliver a service that integrates with John Lewis’ existing range of [...]
What are the best companies to work for in London? December 10, 2014 Google continues its bid for world domination, after being voted the best place to work in London. Perks such as free food, fun offices and time to work on personal projects have helped the California-headquartered firm top rankings of the best places to work in London, as well as the UK overall and the US. [...]
Ocado’s Royal warehouse November 18, 2014 OCADO is to move into Segro’s new warehouse Origin at Park Royal, in west London, after signing up for 68,393 square feet of space. The online grocer, which joins other retailers such as John Lewis also moving to the site, said it would use the warehouse to deliver groceries in central London. It already has [...]
A fifth of Goldman Sachs’ 425 new managing directors joined as summer interns November 12, 2015 Goldman Sachs has promoted 425 of its employees to managing director – its second-highest rank behind the lucrative position of partner – the investment bank announced today. A person familiar with the matter said that 21 per cent of the group initially joined the company as summer interns, while 35 per cent were campus hires. The highest [...]