Former Abellio chief: Here’s how to get British rail back on track October 17, 2023 Half a year on from leading a management buyout of the major Dutch rail and bus operator Abellio, Dominic Booth sits down with City AM.
OPEC+ hikes production targets by miniscule volumes of 100,000 barrels per day August 3, 2022 The OPEC+ coalition of oil producing countries today agreed to up its production targets by miniscule volumes of just 100,000 barrels of oil per day, in a hike that scuppered hopes for a more substantial increases that could have reversed the recent surge in prices that has wreaked havoc on the global economy. The [...]
City Moves: Who’s switching jobs in the Square Mile? August 23, 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. Knight Frank Property consultancy Knight Frank has appointed a new head of lettings in its King’s Cross office. Joining from the firm’s Canary Wharf office where he was a most recently an associate in the lettings team, [...]
27-fold jump in number of foreign visitors flocking to Britain post-pandemic June 24, 2022 Scrapping coronavirus travel rules led to a 27-fold year-on-year increase in the number of overseas residents visiting the UK, new figures suggest. The Office for National Statistics (ONS) said 2.1 million inbound visits were made in April, up from 81,000 during the same month last year. Spending by overseas residents in April hit £1.7 billion, [...]
Apple supplier in talks with Saudi Arabia for £7bn chip-making facility March 15, 2022 Apple supplier Foxconn Technology is reportedly in talks with Saudi Arabia to build a new $9bn (£6.8bn) chip-making facility. It follows the closure of two plants yesterday in technology hub Shenzhen, China, amid a fresh lockdown as Covid-19 cases in the region spiral. Saudi Arabia is currently reviewing the offer to build a dual-line semiconductor [...]
Shares in defence supplier Ultra soar as Kwarteng hints of £2.6bn takeover approval June 24, 2022 The £2.6bn takeover of UK defence supplier Ultra Electronics by private equity-owned Cobham is reportedly set to receive a green light from the government. Business secretary Kwasi Kwarteng announced on Thursday that he is “minded to accept undertakings offered”, despite national security concerns. The move seemingly sparked the interest of investors, as Ultra’s share soared [...]
Business body calls for closer UK-US trade ties April 25, 2022 ONE OF Britain’s largest business groups will join growing calls for an ambitious trade deal between the US and the UK. The British Chambers of Commerce chief Shevaun Haviland will say that trade is vital to the UK’s economic recovery after Covid-19 when she speaks at an event later today. A cross-Atlantic trade deal has [...]
Monster energy bill increases threaten to be a ‘pub killer’ as bosses urge ministers for business price cap August 11, 2022 Publicans have called on ministers to introduce an energy price rise cap for venues amid pleas that bill hikes threaten to “be a pub killer.” The British Institute of Innkeeping (BII) said the majority of its members were experiencing a minimum 300 per cent increase in energy costs, all while venues attempt to recover from [...]
David Cameron: How will Sunak’s ‘salesman-in-chief’ approach China? November 13, 2023 Former Brexit-era Prime Minister David Cameron has rejoined the government in a shock move this morning after being made foreign secretary.
Brexit will not affect UK vaccine supplies, says business secretary December 14, 2020 UK Business Secretary said that a no-deal Brexit will not affect supplies of the Pfizer/BioNtech Covid-19 vaccine.