Asda takeover: Meet the British supermarket giant’s new private equity owner June 10, 2024 Meet the new private equity owner of supermarket giant Asda after one half of the billionaire Issa brothers sold it his shares.
War for talent swells new starter City pay packets July 18, 2022 Pay packets in the Square Mile are bulging as banks, insurers and brokers try to outbid each other to lure top talent amid a tight jobs market, reveals a new survey released today. Finance workers that switch employers received an average 25 per cent pay bump in the three months to June, according to recruiter [...]
Activists protest at British Museum and Scottish Power over rising energy bills December 3, 2022 Campaigners have staged protests in buildings including the British Museum and Scottish Power HQ against rising energy bills and “sky-rocketing” levels of fuel poverty, according to organisers. Members of the grass-roots movements Don’t Pay UK and Fuel Poverty Action said campaigners had bedded down with blankets, sleeping bags and hot water bottles in the foyer [...]
Lloyds prepares to downsize UK office space June 14, 2020 Lloyds Banking Group is exploring options to reduce its property footprint, as more staff transition to home working. The bank’s people and property director Matt Sinnott told staff this week that while no closures were certain, Lloyds will be seeking to consolidate its presence to six strategic hubs across the UK. “In the longer term [...]
Russia-Ukraine talks boost London’s top indexes March 14, 2022 Reports of progress in talks between Russia and Ukraine boosted London’s top indexes today. The capital’s premier FTSE 100 index jumped 0.53 per cent to close at 7,193.47 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, soared 1.31 per cent to 20,471.25 points. Negotiations between [...]
More than 60 per cent of London firms plan to lay off staff, survey says July 28, 2020 More than 60 per cent of London firms expect to lay off some of their furloughed employees, a survey has said, in a sign of the wave of unemployment that is to come. The Lloyds Bank business barometer found that just under one in five London firms who have used the scheme expect to bring [...]
Lloyds says it has provided £4bn support to businesses during coronavirus crisis May 12, 2020 Lloyds Banking Group today said it has provided more than £4bn support to businesses during the coronavirus crisis. Britain’s major banks were heavily criticised for slow lending, bureaucracy and offering disadvantageous terms to customers following the coronavirus lockdown. Lloyds today said it accounted for approximately 28 per cent of lending under the government bounce back [...]
London business confidence improves for second consecutive month August 28, 2020 Business confidence in London continued for the second consecutive month as the Eat Out to Help Out scheme provided a boost to the capital’s hospitality industry. The Lloyds Business Barometer, which measures monthly economic trends, found confidence in the capital rose eight points but remains in negative territory, at minus 13 per cent, slightly higher [...]
Coronavirus: Almost 40 per cent of UK firms expect to cut staff April 28, 2020 Roughly 40 per cent of UK firms expect to lay off staff over the next 12 months, a survey has shown, raising the prospect of many more job cuts in the UK economy. UK unemployment has already surged as coronavirus lockdown measures cause businesses to close or cut costs significantly. Close to 1m people made [...]
Fintech tie up helps City Giving Day go digital September 17, 2020 Fintech outfit GoodBox has joined forces with The Lord Mayor’s Appeal to ensure that 2020’s City Giving Day is just as big as ever despite this year’s unique circumstances. GoodBox has created a series of charitable challenges which City workers can nominate their colleagues to do – be it a 10km run or simply baking [...]