United Nations job offer to Matt Hancock withdrawn after only three days October 16, 2021 A United Nations job offer to disgraced former health secretary Matt Hancock has apparently been withdrawn after only three days. Earlier this week, Hancock announced he had been appointed a special representative to the UN in an unpaid role. The former cabinet minister, who resigned in June after admitting he broke coronavirus restrictions during relations [...]
House prices jump to record £282,753 amid highest inflation since mid-2007 April 7, 2022 The average price of a home has jumped 11 per cent over the past year to a new record figure, according to the Halifax House Price Index. The average price of a house is now £282,753, a steep increase of £43,577 in just two years after the UK’s first Covid-19 lockdown. Prices have increased 1.4 [...]
BP veteran Tufan Erginbilgic secures Rolls-Royce’s top job as Warren East departs after eight years July 26, 2022 Former BP executive Tufan Erginbilgic has been named as the new chief executive of engine maker Rolls-Royce, succeeding outgoing boss Warren East. The group said Erginbilgic will take on the role on January 1 next year. It comes after East announced in February that he planned to leave at the end of 2022 after eight [...]
JP Morgan offers to cover hotel quarantine costs for staff in Hong Kong November 22, 2021 JP Morgan has offered to give staff in Hong Kong up to $5,000 to cover quarantine costs, so they can visit families abroad. The city has tough quarantine rules, meaning arrivals into Hong Kong must quarantine in a hotel for up to three weeks. In a memo to staff, the investment bank said: “We recognise [...]
McColl’s share price tumbles over 50 per cent amid insolvency fears February 28, 2022 Convenience store chain McColl's has seen shares slide 54 per cent after it confirmed it is seeking a capital injection to stave off collapse.
Gove doesn’t deny free lateral flow phase out plans January 10, 2022 Michael Gove has refused to deny that free lateral flow tests could be phased out in the coming weeks, after another minister asserted that the government would "absolutely not" charge for the kits.
IMF: UK economy to toy with recession this year – and fall to the bottom of global growth leaderboard April 11, 2023 Britain is steering toward the bottom of the G7 economic growth table this year and will toy with a recession for most of 2023, the world’s economic watchdog warned today. UK gross domestic product is tipped to shrink 0.3 per cent per cent in 2023, the weakest performance of any economy in the group of [...]
Unvaccinated health staff are irresponsible but it’s our failure if we can’t reach them February 2, 2022 On Monday, Sajid Javid axed plans to require health and care staff to have had a Covid-19 vaccine. In the context of an incredibly fragile NHS workforce, already groaning under the weight of staff shortages, emotional strain and self-isolation requirements, this was sensible. But by invoking a sense of “proportion” as rationale for removing the [...]
Dividends scale to new heights as companies shake off pandemic hangover November 15, 2021 Companies are rewarding shareholders with record levels of dividends as corporate balance sheets shake off the hangover of the Covid-19 crisis. Firms paid shareholders $403.5bn in dividends in the third quarter of the year, the highest total ever recorded for the three months to September, research by Janus Henderson has found. Dividends are 22 per [...]
Scandal-stricken Credit Suisse poised for management shakeup April 24, 2022 Beleaguered bank Credit Suisse is lining up a management shakeup as new chairman Axel Lehmann looks to put the lender back on track following a string of scandals.