Letters: Mind the gap – if you can see it August 23, 2022 [Re: To attract and retain the best talent, the Square Mile must break down class barriers, yesterday] The diverse make-up of the candidates who stood for the leadership of the Conservative Party leadership should be a cause for celebration. But while the likes of Sunak et al. are reaching the summit of their professions, the [...]
UK economy much more volatile after series of sharp shocks November 28, 2022 The UK economy has become much more volatile compared to three decades ago, a new survey out today reveals. Since the global financial crisis in 2008, the economy has grown much slower compared to the decade and a half in before the catastrophe, according to consultancy BDO. The firm said in the first 15 years [...]
Legal & General joins rebel Sainsbury’s shareholders in calling for higher wages March 28, 2022 Legal & General has joined a group of rebel Sainsbury’s shareholders calling for higher wages for staff and are pressuring the supermarket giant into a proposal. The group, which included International and the National Employment Savings Trust, has pushed past the threshold which should see Sainsbury’s put a proposal to shareholders on the issue, The [...]
Pantheon: Investment slump on Bank of England’s rate hikes will deepen UK recession January 10, 2023 The UK recession is set to be powered by businesses slashing investment due to higher interest rates squeezing their finances, City economists have warned. Finance chiefs are “despondent” amid a rapid acceleration in borrowing costs caused by the Bank of England scrambling to tame sky high inflation, Samuel Tombs, chief UK economist at Pantheon Macroeconomics, [...]
Motorists driving off without paying at pump could cost forecourt operators £100m in 2022 July 22, 2022 A spike in drivers not paying for fuel due to high prices could cost forecourt operators more than £100m in 2022. There has been at 2,054 incidents of drivers refusing to pay at the pump so far this year in the capital, according to a Freedom of Information Request submitted by City A.M., and sent [...]
We are not rip-off retailers, says Sainsbury’s July 6, 2023 Bosses at Sainsbury’s have said they are “not rip-off retailer” or “profiteers” as they defended the profit made by the retailer amid scrutiny related to food inflation over the past year. The company also defended increased pay packages for its senior executives at its annual general meeting in London, despite the continued cost-of-living crisis. It [...]
Explainer: Why are the SNP losing members? March 17, 2023 The Scottish National Party is losing members: this is the reality that the contenders to replace Nicola Sturgeon had to grapple with this week. The party said the current membership stands at 72,186. These will be the people who ultimately get to decide who becomes the new leader of the party. At the beginning of [...]
‘Worse than the pandemic’: Pub bodies warn of closures as energy bills relief scheme ends April 4, 2023 Hospitality bodies have warned that business failure is worse now than it was during the pandemic as the sector braces itself for the first month of trading following the end of the government’s energy bill relief scheme. “We’re seeing an acceleration of business failure which is now worse than the pandemic,” Emma McClarkin, chief executive [...]
Will Heathrow airport’s resurgence boost the profits of British Airways’ owner IAG? February 17, 2023 British Airways’ parent company is set to return to profit for the past year as it continues its turbulent recovery. International Consolidated Airlines (IAG), which also runs Spanish operator Iberia, will reveal its latest annual financial figures on Friday February 24. It comes amid early positivity in the sector, which has helped support a 30 [...]
INEOS boss Sir Jim Ratcliffe brands CMA ‘increasingly hostile to business’ after $1bn deal snub July 4, 2023 INEOS chair Sir Jim Ratcliffe has lashed out at Britain’s competition watchdog for being “increasingly hostile” to business – after it blocked a $1bn deal involving his firm. The business titan who founded the private chemicals giant made his comments after the Competition and Markets Authority prevented INEOS’ acquisition of Sika AG, a concrete additives [...]