Easyjet removes plane seats to slash number of stewards on board to three May 9, 2022 Easyjet has removed the back row seats from its A319 planes to cope with labour shortages. By removing the six seats, capacity on easyJet planes has gone down to 150, requiring only three cabin crew members instead of four. The airline said the decision was an “effective way” of operating its fleet and it was [...]
Walmart maintains outlook for next year as profits tighten against inflationary pressures August 16, 2022 US retail giant Walmart’s profits were eaten into by inflation as it maintains its outlook for the next financial year despite revenue being up 8.4 per cent. The supermarket chain took in $152.9bn in Q2 but said this strong growth was “partially driven by inflation”, which tempered its outlook, and its profits. Its comparative sales [...]
Reforms to stamp duty holiday could pin down runaway house prices, say industry chiefs May 25, 2022 A cocktail of record house prices, HM Revenue and Customs HMRC’s record stamp duty earnings and plunging property transactions have left property chiefs calling for reforms. Reworking the stamp duty, the tax put on residential properties over £125,000, could help rebalance the hot property market and runaway valuations, according to onlookers. “Stamp duty has an [...]
City A.M.’s jobs of the week December 21, 2023 The job market never sleeps. Luckily, City A.M. has collaborated with Jobbio to pick out the most exciting job opportunities in the City and beyond. Liberty Global Title: Senior Internal Auditor Location: London Liberty Global is a world leader in converged broadband, video and mobile communications and an active investor in cutting-edge infrastructure, content and [...]
National Grid urges ‘transparency’ as it commits £40bn to UK’s energy system November 10, 2022 National Grid has called for stability in the UK’s investment climate, so it can ramp up infrastructure and help the country transition to a greener future.
London markets jump on industrials rally January 12, 2022 London markets jumped today driven higher by a strong rally among industrial stocks. The capital’s premier FTSE 100 index closed 0.81 per cent higher at 7,551.72 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, squeezed out 0.08 per cent of gains to reach 23,047.16 points. [...]
Rachel Reeves and Sadiq Khan tell City A.M.: ‘We will reset the relationship between London and the nation’ April 4, 2024 As local and national elections approach, Rachel Reeves and Sadiq Khan set out a new vision for the capital's relationship with Westminster.
Stepping Stones to Sustainability – Embedding purpose through your corporate governance August 1, 2023 Introduction Sustainability is increasingly high on people’s agenda and has become a buzz word in business circles. Measurable performance and tangible outcomes are becoming the standard across all sectors. But what does this really mean in practice, and how do you make your business more sustainable in a meaningful way? We break sustainability challenges down [...]
Exclusive: Jobs in London’s £30bn green sector to double by 2030 March 23, 2022 The number of green jobs in central London is expected to double by the end of the decade – and double again by 2050 – according to research shared exclusively with City A.M. today. The green sector, which generated around £29bn in 2021, will host 335,000 jobs in the capital by 2030, research by Central [...]
A Big Tech-style restructure in Whitehall might just make our science sector February 8, 2023 When Google restructured to become Alphabet in 2015, it created a larger engine for innovation. Rishi Sunak’s reshuffle to create a Department of Science could do the same for investment into the UK, writes Daniel Korski.