Fix lorry driver shortage by hiring furloughed workers, Kwarteng says August 28, 2021 The business secretary has written to firms telling them to hire UK-based workers facing an “uncertain future” to solve the current lorry driver shortage. In a letter to business leaders, Kwasi Kwarteng rejected calls to loosen immigration rules to fix the problem, which is causing shortages of certain food products. Instead of turning to overseas [...]
Boris Johnson’s interventionist obesity strategy will fail. We need more choice, not less to slim down May 25, 2021 Obesity is on the rise like never before. More than one in four people in the UK are now obese, one of the driving forces behind the mortality rate from Covid. In the year leading up to the pandemic, more than a million people were admitted to hospital for obesity-related treatment in England. Record hospitalisations [...]
YO! food chain to partner with WH Smith as high streets reopen April 12, 2021 Asian food chain YO! is set to trial a partnership with WH Smith this month, bringing to-go food to stores as high streets begin to reopen today. The move signals the food group’s expansion into on-the-go food and away from sit-in dining, as it also has similar partnerships with Sainsbury’s, Co-op, Tesco’s and David Lloyd Leisure [...]
Premier Foods calls on government to deploy army amid severe lorry driver shortage July 2, 2021 Mr Kipling manufacturer Premier Foods has called on the government to consider using the army to distribute goods to help relieve a severe shortage of truck drivers that could see supermarket shelves left bare. Last week industry leaders warned Britain could face gaps on supermarket shelves this summer and an “unimaginable” collapse of supply chains [...]
Tate & Lyle revenue sinks, but still brought home around £2.8bn May 27, 2021 Food and beverage ingredient supplier Tate & Lyle saw its revenue sink £75m in the year to 31 March, the group said in a statement this morning, but still raked in around £2.8bn. The British-headquartered firm saw strong demand for its new products, with the newcomers raking in 21 per cent more revenue, worth £133m. [...]
Thousands of websites including Amazon, UPS, HSBC, BA, Airbnb and HBO hit in major global outage July 22, 2021 A major server outage brought down thousands of websites across the UK, US and around the world, including HSBC, Barclays, American Express, Delta Airlines, Tesco Bank, alongside the PlayStation Network, Airbnb and Waitrose, as well as ITV and TSB. British Airways was also down. A message on the BA website read: “Service Unavailable – DNS [...]
UK supermarket shares rocket with Morrisons up 30 per cent after takeover bid June 21, 2021 Morrisons’ share price leapt 30 per cent just minutes after the market open this morning, in wake of news a private equity firm approached the supermarket with a £5.5bn takeover bid. In fact, shares in all major UK’s biggest supermarkets soared on this morning after Morrisons rejected a takeover bid from a US private equity [...]
London’s Capita sells government joint venture Axelos for £380m June 21, 2021 London-headquartered outsourcing firm Capita has sold its UK government joint venture Axelos for £380m, as Capita looks on track for growth for the first time in six years. Shares rocketed 6.03 per cent in this morning trading, taking its share price to 39.91p per share. The joint venture, set up by the firm with the [...]
Without securing our trust, public and private leaders will fail our economy December 10, 2021 As we head into winter, with the prospect of more restrictions at a time when trust seems to be in freefall, we have all been reflecting on how this is going to impact our communities and how we can use the opportunity to make the economy work better for all. The first few months of [...]
City exclusive: Cordiant Capital’s co-CEO on how to make money in the crowded world of digital infrastructure May 19, 2022 Amid an increased focus on digital infrastructure, data transfers and online storage in practically every market around the world, investment giant Cordiant Capital listed its Cordian Digital Infrastructure arm in London last year. Time for City A.M. to catch up with Benn Mikula, co-CEO and managing partner at Cordiant Capital, to see how things are [...]