Life sciences firm hVIVO has record year as Canary Wharf site set for completion January 30, 2024 A leading firm testing infectious diseases, hVIVO, has reported a record year as it looks to start work on an £80m orderbook in 2024.
BT reduces pension deficit to £3.7bn and will keep contributions flat November 14, 2023 BT has said its pension funding deficit, which was nearly £8bn in 2020, shrunk to £3.7bn in June this year, and its annual contribution amounts will stay the same.
Tory MP Crispin Blunt arrested on suspicion of rape October 27, 2023 The MP for Reigate said he will “co-operate fully” with the ongoing investigation and is “confident” that he will not be charged.
Make UK investment screening ‘more business friendly’, says deputy PM November 13, 2023 Deputy Prime Minister Oliver Dowden has announced plans to enhance the business-friendliness of the UK's investment screening powers.
John Lewis plans to cut 11,000 jobs after halving redundancy pay January 28, 2024 John Lewis Partnership is reportedly planning to axe 11,000 jobs over the next five years after slashing its redundancy pay for employees.
Russian drone downs power near Ukraine nuclear plant – as Zelensky prepares for winter war on energy infrastructure October 25, 2023 Ukraine President Volodymyr Zelensky said his country’s air defences are preparing for another winter of Russian attacks on energy infrastructure
Govt accused of ‘rank double standards’ as civil servants paid £30m in vouchers December 29, 2022 The Government has been accused of “rank double standards” after giving almost £30 million in high-street vouchers to civil servants amid a pay freeze prompted by the cost-of-living crisis. Sixteen Whitehall departments in 2021-22 paid out a combined total of £29.57 million to staff in the form of ‘reward and recognition’ vouchers, a third more [...]
Tube journeys regularly hitting over 80 per cent of pre-pandemic levels as commuting rebounds July 3, 2023 Weekday tube and bus journeys are regularly hitting over 80 per cent of pre-pandemic levels and often exceed 2019 footfall figures on the weekend, according to Transport for London’s chief operating officer Glynn Barton. The most recent week of TfL tube data shared with City A.M. shows tube trips reached over 80 per cent of [...]
What Wayve’s billion-dollar round says about the UK’s fundraising landscape May 12, 2024 Wayve's latest funding round was heralded as a watershed moment for UK tech, but also revealed a worrying trend about our fundraising landscape.
Asylum backlog reaches new record high August 24, 2023 The UK’s asylum backlog has hit a new record high, with 80 per cent of people waiting longer than six months for an initial decision. Home Office figures show a total of 175,457 people were waiting for an initial decision on an asylum application in the UK at the end of June 2023. This is [...]