JD Sports’ chair steps down after City watchdog fine for covert car park meeting May 25, 2022 JD Sports’ executive chairman Peter Cowgill is to step down from his role with immediate effect, the sportswear brand has announced. The London-listed retailer said it had opted to accelerate a separation of the roles of chair and chief executive. Cowgill’s departure follows JD Sports and its rival Footasylum being slapped with fine worth almost [...]
UK jobs market recovery accelerates on better than expected consumer spending August 2, 2021 The UK jobs market recovery is accelerating as a stronger than expected rebound in consumer spending is encouraging firms to take on staff, according to new figures released today. Research published by Lloyds Bank shows the proportion of UK businesses expecting to ramp up hiring rose to 18 per cent, a sixth consecutive monthly increase [...]
UK economy on tightrope between recession and growth as exports slip but inflationary pressure eases in March April 3, 2023 Manufacturing fell in March, although fears the UK economy is entering a recession may be premature as inflation eased and average supplier lead times improved. The seasonally adjusted S&P Global /CIPS UK Manufacturing Purchasing Managers’ Index fell to 47.9 in March, down from February’s seven-month high of 49.3 and an earlier flash estimate of 48.0. [...]
The Capitalist: Labour’s boost for wealth advisors and bane for private schools plus friends like Boris’ October 10, 2024 Dispatches from a big night for Boris and Bloomberg, blockchain for gorillas and a giant bronze Mr Blobby: catch up on the latest City gossip in this week’s edition of The Capitalist BORIS UNLEASHED Boris Johnson launched his memoirs on Wednesday night in the grandest room at the lavish Institute of Directors on Pall Mall. The [...]
Media and tech players in different states as we head into recession September 21, 2022 Summer is over and the nights are becoming longer. In addition, the increasing gloom on the weather front is matched by a similar gloom when it comes to the consumer. The rise of double-digit inflation, with skyrocketing energy bills, has dominated headlines and driven UK consumer confidence, according to GfK, down to historic low levels. [...]
London business confidence increased in August August 31, 2021 Business confidence in London increased four points during August to 41 per cent, as the city looks to recover from the pandemic. Companies in the city described higher confidence in their own business prospects month-on-month, up 14 points at 43 per cent, according to the latest business barometer from Lloyds Bank Commercial Banking. Businesses’ optimism [...]
Lloyds Banking Group boss to take pay cut after pension backlash November 27, 2019 Lloyds Banking Group is planning on cutting the pay of its boss by more than £220,000 following criticism of his pension package. Antonio Horta-Osorio was blasted by MPs in June for “greed” in relation to his £6.3m pay packet which included a pension contribution worth 46 per cent of his base salary – reduced to [...]
‘Pingdemic’ suffocates pubs and restaurants as growth slows for first time since March August 19, 2021 Worker shortages triggered by the “pingdemic” are hitting pubs, bars and restaurants’ trading, according to fresh figures released today. According to Lloyds Bank’s UK recovery tracker, output at food and drink businesses dropped in July as a result these firms struggling to scale supply amid staff shortages and high rates of self-isolation. Output at food [...]
‘Extraordinary’: Former police chief slams Antonio Horta-Osorio’s knighthood June 14, 2021 Anthony Stansfeld, the ex-police commissioner who oversaw the investigation into the HBOS Reading fraud, has described Antonio Horta-Osorio’s knighthood as “extraordinary”. “There are a great many companies that have been destroyed, and countless lives destroyed by the actions of Lloyds Bank while under his executive control,” Stansfeld said. Ex-Lloyds Banking Group chief executive Horta-Osorio, who [...]
City A.M. Awards 2022: Bank of the Year March 25, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]