Boris Johnson says supply chain shortages are due to ‘surging’ global economy October 19, 2021 Boris Johnson has claimed today that the UK’s supply shortages are the result of a “surging” global economy post-Covid and not post-Brexit worker shortages. The UK is suffering from goods shortages in some parts of the country due to shortages of key workers in a number of sectors, including the road haulage and agricultural industries. [...]
Takeover bids, millionaire CEOs and angry members: Building societies are looking a lot like the big banks May 1, 2024 Runaway profits, big-ticket acquisitions and bumper executive pay rises, Britain's building societies are starting to look a lot like banks.
Atom Bank boss on rapid growth, London IPO and why high street challengers are a ‘dying breed’ March 24, 2024 City A.M. speaks to Atom Bank CEO Mark Mullen about the challenger bank landscape, his firm's rapid growth and plans for a London IPO.
Ministers urge Brits not to panic buy food and fuel as shortages spread September 24, 2021 Government ministers urged Brits not to panic buy fuel and goods as the shortage of lorry drivers is increasingly hitting supplies across the UK. Yesterday, BP said a number of its filling stations are closed due to a lack of fuel available, while Esso owner ExxonMobil also said some of its Tesco Alliance petrol forecourts [...]
No 10 salvages PM’s business bosses forum in effort to claw back corporate support November 27, 2021 Downing Street has made a last-ditch attempt to salvage relations between British business and Boris Johnson by ditching plans to wrap up the PM’s council of business leaders, after his humiliating performance last week eroded bosses’ confidence. Last week, No 10 had told some members of the PM’s business discussion forum, the Build Back Better [...]
Flat profit for Greggs as bakery chain vows not to shrink size of sausage rolls August 2, 2022 Sausage roll maker Greggs has posted flat profit after the return of pre-pandemic tax rates and heightened costs. In half-year results, the bakery chain posted pre-tax profit of £55.8m, up just slightly from the £55.5m posted in the first half of 2021. The London-listed chain said this was reflective of the re-introduction of business rates, [...]
Supermarkets pledge to halve environmental impact of weekly shop November 6, 2021 Five of the biggest supermarkets in UK have promised to cut in half the environmental impact of a weekly food shop by 2030. Tesco, Sainsburys, Waitrose, Co-op, and M&S have pledged to reduce carbon emissions, deforestation, food waste and packaging they produce. They will work with environmental organisation WWF to halve the amount of global [...]
Havas snaps up UK digital agency Inviqa in ‘eight-figure deal’ February 22, 2022 Havas Group has today announced its acquisition of the UK digital experience agency Inviqa in a substantial, “eight-figure deal”. The company, which comprises more than 150 employees across eight offices, will be integrated into Havas Creative’s dedicated customer experience network, Havas CX, to significantly expand its specialism, scale, and capabilities in experience design, software engineering, [...]
Tesco leads FTSE 100 risers as it weighs up Asia sale December 9, 2019 Shares in Tesco rose more than five per cent in early trading today, as investors welcomed reports that the company is exploring a sale of its Asian businesses. The supermarket giant has confirmed that it will launch a strategic review of options for its businesses in Thailand and Malaysia, including a potential sale. Read more: [...]
Unilever makes £50bn bid for GSK’s consumer business January 15, 2022 Unilever has confirmed reports it made an unsolicited £50bn bid to snap up Glaxo Smith Kline's (GSK) consumer goods business.