UK agrees £500m funding deal with Tata Steel September 11, 2024 The government will invest £500m into Tata Steel’s UK operations alongside an “improved deal” for workers to support the transition to greener steel production, business secretary Jonathan Reynolds confirmed today. Workers at the country’s biggest steel plant in Port Talbot, south Wales, will receive “improved” redundancy terms and the offer of a skills package, he [...]
Labour should not be taking inspiration from Kamala Harris August 27, 2024 Labour has a long-standing love affair with the Democrats, but while the Vice President’s plans for price controls by any other name may be popular, but they are economically illiterate, says Eliot Wilson It is hard to believe that barely a month has passed since Joe Biden announced he would not seek re-election in November [...]
Fujitsu received £3.4bn from Treasury-linked deals February 11, 2024 Fujitsu is set to have received more than £3.4bn through contracts running with Treasury-linked organisations since 2019 despite its role in the Post Office scandal, MPs have found. Around £1.4bn worth of deals have been awarded since the High Court ruled that there had been numerous bugs and errors in its Horizon software. More than [...]
Inside Asda’s turnaround plan to win back customers from supermarket rivals August 9, 2024 It’s a difficult time to be at Asda’s helm – with sales down as well as competitors eating into its market share, the supermarket giant has announced an ambitious three-point turnaround plan to stave off further declines. Without a permanent CEO – the position has been empty since 2021 and filled on an interim basis [...]
London developer swaps hotel plans for student housing in £173m forward fund May 23, 2022 London developer Dominvs has completed the country’s largest forward fund in the purpose built student accommodation sector for £173m, with Scape. Comprising 713-beds, the scheme will be one of the capital’s largest student accommodation developments, Dominvs exclusively told CityA.M. The university housing deal came after Dominvs had secured consent for two hotels on the Hammersmith [...]
Booming Birmingham is a model for growth July 17, 2024 While most regions are witnessing declining growth, the West Midlands is bucking the trend, with Birmingham smashing records for attracting FDI, says mayor Richard Parker Today, the new Government will use the King’s Speech to put economic renewal at the heart of its legislative agenda and commit to hand power back to local leaders. There [...]
Fried chicken and Parker pens: A day at Labour’s business bonanza February 2, 2024 “I think this is the only job where you can get some positive press just by eating a few prawn cocktails and having some nice dinners.”
Tingo and EVTEC Energy sign partnership agreement that will create more than 12,000 jobs February 27, 2023 Partnership will see construction of Africa’s first net-zero solar power plant driven by ESG principles in Nigeria and will create thousands of jobs.
‘If you become too fixed to anything, it’s hard to survive’ June 24, 2024 Co-founder of Cambridge tech firm Obrizum Chibeza Agley on why staying 'too fixed to anything' makes long-term success harder to reach.
City workers to get multi-year visas as part of inked UK-New Zealand trade deal February 28, 2022 City workers will now be eligible to access multi-year New Zealand visas, after the UK inked a post-Brexit trade deal with Jacinda Ardern’s government today. Department of International Trade estimates say the deal will add 0.03 per cent to UK GDP every year from 2035, with growth in UK services set to make up the [...]