EasyJet flies into £535m loss despite improved trading and ‘self-help’ measures April 12, 2022 EasyJet has announced it expects to make a loss before tax in the range of £535 million to £565 million for the six months to the end of March. The low-cost airline said this is a reduction in its losses compared with the same period 12 months earlier which is “ahead of market expectations”. It [...]
UK economy to return to anaemic growth as cost of living crisis spikes Brits November 30, 2021 A triple threat of a worsening cost of living crisis, higher interest rates and a pulling of government Covid-19 support will throw the UK economy back into an anaemic state, according to new research published today. Swelling energy bills and rising costs for basic necessities will cause households on tight budgets to rein in spending, [...]
All eyes in Brazil nervously shift to Bolsonaro as president keeps eerily quiet after Lula victory November 1, 2022 More than a day after Brazil’s President Jair Bolsonaro lost his bid for re-election of South America’s largest country, the right-wing leader has neither conceded defeat nor challenged the results of the country’s closest political contest in more than three decades. Bolsonaro had not spoken a word to reporters camped outside the official residence or [...]
Minister: Covid announcement on 19 July freedom day will give ‘clarity’ on face masks July 12, 2021 A health minister has said Boris Johnson’s announcement tonight on the 19 July shedding of restrictions will “give people more clarity” on the government’s stance on face masks after recent mixed messaging. Health minister Edward Argar also said the government’s stance on face masks is not confusing and that people will be able to “form [...]
Hunt and Sunak face £89bn fiscal hole without tax rises or spending cuts November 1, 2022 Without spending cuts or tax rises, prime minister Rishi Sunak and chancellor Jeremy Hunt will burn a £89bn hole in the public finances in a few years time, a new report out today reveals. A combination of former prime minister Liz Truss’s tax cuts in the shambolic 23 September mini-budget still lingering and a flatlining [...]
Latham & Watkins brings in mental health counsellors to deal with employee burnout March 16, 2022 Los Angeles law firm Latham & Watkins has hired two mental health counsellors to work in its UK offices, amid mounting concerns around burnout in the legal sector. The California firm, which is one of the most profitable law firms in the world, has brought in two full time counsellors, with a view to offering [...]
How this British luxury brand is designing its future — with family values at its core May 21, 2024 Have you ever thought about how much work goes into those salt and pepper grinders sitting on your kitchen table?
‘Professor lockdown’ rules out future Covid lockdowns in the UK August 7, 2021 “Professor lockdown” has indicated future Covid lockdowns are unlikely to be needed to curb the spread of the virus in the UK. Speaking to The Times, Neil Ferguson said: “I think it’s unlikely we will need a new lockdown or even social distancing measures of the type we’ve had so far.” Read more: Johnson will [...]
GSK’s split healthcare division Haleon to list on London’s main market in July June 1, 2022 British pharmaceutical giant GlaxoSmithKline (GSK) has successfully split from its consumer healthcare division, which will list separately on the London Stock Exchange this summer. The division, now known as Haleon, will enter London’s main market on 18 July, GSK confirmed in a regulatory update today, as it awaits a response on its application to the [...]
Consumers buying more beer as Budweiser maker AB InBev reiterates growth outlook May 5, 2022 Budweiser maker Anheuser-Busch InBev (AB InBev) said drinkers are swallowing higher prices and bought more beer in the first quarter. After posting higher than expected earnings, the Belgian brewer reiterated an EBITDA growth outlook of between four and eight per cent for the full year. Consumers had bought 2.8 more drinks by volume in the [...]