Hospitality warns of nightmare before and after Christmas as new rail strikes announced November 22, 2022 London’s hospitality venues are headed for a catastrophic Christmas after a fresh slew of railway strike dates were announced today. The RMT declared that its 40,000 members will walk out throughout December and January, falling slap bang in the middle of the sector’s busiest trading period. Strike action will take place at Network Rail and [...]
70 per cent drop in cartel whistleblowing to CMA since 2018 should cause ‘concern’ September 17, 2023 The UK’s competition watchdog should be concerned by a 70 per cent drop in whistleblowing on illegal cartels in the last five years, top lawyers have said. A freedom of information (FOI) request from law firm RPC showed the staggering drop in reporting, down from 1,442 calls in 2017 to just 427 in 2022, City [...]
UK tech jobs soar at record pace January 28, 2022 New data released today reveals that tech sector roles are growing at the fastest rate ever as firms gear up for a strong 2022.
Ofgem orders Tru Energy to improve handling of direct debits July 30, 2022 TruEnergy has been slapped with a provisional order, compelling the supplier to take action so that its direct debit policy is fit for purpose.
FTSE 100 Close: London finishes in red on fears of stubborn inflation August 31, 2023 London’s FTSE 100 was subdued today on fears of stubborn inflation keeping investors quiet, finishing in the red after being on one of its longest winning streaks in months. The capital’s premier blue-chip index finished 7,452.87, 0.28 per cent down, after spending all day in the green. By 2.30 it was at 7,488.29, about 0.2 [...]
Topps Tiles hails record turnover with Brits still hooked on home repairs May 24, 2022 Topps Tiles, the UK’s largest tile specialist, has hailed a record turnover for the first half of the year, with Brits still hooked on repairing and improving their homes following the easing of lockdown restrictions. The London-listed retailer snagged £199m in the six months to 2 April, up more than 15 per cent in comparison [...]
If Johnson wants a future proof economy, he needs a resilient core in all of his policies May 18, 2022 Last week, we heard plans to strengthen consumer protection, boost innovation and support the transition to net zero. The realignment with the interests of business in the UK was welcome. The government needs to reset its strategic direction and put resilience at the heart of policymaking and focus. We hear the term future proof being [...]
Superdry revenue increases after customers flock back to stores May 12, 2022 UK clothing company Superdry has posted an 8 per cent increase in group revenue after customers returned to the stores post-Covid. In the 12 months ended 23 April, Superdry’s revenue increased to £600m, driven by a 59.8 per cent growth in store revenue. Proceedings derived by Superdry’s e-commerce business, on the other hand, went down [...]
How Moral is ESG? September 20, 2023 ESG is immoral. So argued Milton Friedman, an economist, back in 1970. Customers, employees and stockholders, he said, did not need company executives to spend their money for them. If an executive, operating in a competitive market, took an action that reduced her company’s profits in the name of “‘social responsibility’”, she then had to [...]
Explainer: Why the Treasury is sold on the promise of stablecoins April 6, 2022 The UK was left reeling this week by the revelation that Rishi Sunak intends to turn the UK into a "global hub" for crypto assets.