Steep losses looming: Made.com warns job cuts are coming to slash costs after dive in consumer spending July 19, 2022 Made.com said this morning it has launched a review its workforce amid efforts to slash costs as a slump in consumer spending is set to send it tumbling to steep losses. The group said it is looking at its operational structure and headcount, as well as improvements to stock buying and warehousing to try to [...]
Commuter misery: Regulated rail fares to rise by up to 5.9 per cent from next spring December 22, 2022 Rail fares in England are set to surge as much as 5.9 per cent from spring next year, after calls for a fare freeze have fallen on deaf ears. Regulated fares will go up from 5 March, with the Department for Transport calling this “the biggest-ever government intervention” in prices for train tickets. However, campaigners [...]
Renewable revenue cap risks supply security and higher energy bills October 24, 2022 A cap on low carbon generator revenues jeopardises supply security and condemns customers to high energy bills, warns Energy UK.
Liz Truss plays down calls for windfall tax May 18, 2022 Foreign secretary Liz Truss has played down calls for a windfall tax on energy firms, saying “we need to attract investment”, and a tax would be a deterrent. Speaking on Sky News this morning, she appeared to be at odds with calls made by the Chancellor Rishi Sunak yesterday, who said nothing was off the [...]
Boris Johnson compares Ukrainian resistance to invasion to Brexit vote March 20, 2022 The Prime Minister said it was the instinct of Brits to “choose freedom,” just as it was the Ukrainian instinct to resist invasion. Boris Johnson has come under fire for comparing the UK vote on Brexit to those impacted by Russia’s invasion of Ukraine, speaking at the Conservative Party’s spring conference. “When the British people [...]
Onshore wind is not just about net zero, it’s a vote winner June 26, 2023 Onshore wind is not just about going green, it's a vote winner that could ease bills and liberalise planning for housing and transport.
City Moves: Who’s switching jobs in the Square Mile this week? September 13, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Kantar Data insights company Kantar has appointed a managing partner to lead its consultancy practice. Natalie Vander Vorst is set to lead the 150-person strong practice, which advises brands on commercial and marketing strategies. Over her career, [...]
Google searches for ‘remote jobs’ explode by more than 260 per cent as UK crippled by train strikes June 22, 2022 There has been an explosion in searches for ‘remote jobs’ in wake of recent train strikes by more than 260 per cent. New analysis of Google search engine figures show the term has been searched at the highest level in UK internet history. This is despite politicians such as Brexiteer Jacob Rees-Mogg and host of [...]
Tech startup helps businesses to combat £9bn waste in productivity due to poor mental health September 28, 2022 12 billion workdays lost annually to mental ill-health but young entrepreneur thinks he has the solution. Mental health issues in the workplace are costing the global economy over £9bn ($1tn) due to lost productivity say international agencies. The World Health Organization (WHO) and the International Labour Organization (ILO) are calling for “concrete actions” as depression [...]
Currys slashes profit forecast as boss warns ‘tough environment’ isn’t going anywhere December 15, 2022 Currys has booked a loss as its chief executive warned that a “tough environment” showed little signs of disappearing in the short-term. The laptop-seller slashed its full year outlook from an initial target range of £130m to £150m to a lower target of £100m to £125m. It posted a group adjusted loss of £17m for [...]