Klarna pulling back from growth to focus on profits, boss says May 26, 2022 Buy-now pay-later giant Klarna is shifting away from a high-growth strategy to focus on a fast-track route to profitability, boss Sebastian Siemiatkowski said today.
Boost for Global Britain as UK exports to EU defy Brexit challenges and hit highest level ever July 1, 2022 New ONS data shows that British exports to the EU reached their highest ever level due to rising exports of fuels as the bloc continues to import substantial quantities of LNG. Goods exports to the EU reached £16.4bn in April 2022, their highest level in current prices since the series began in 1997. Meanwhile, the [...]
Government’s aid investor: Why only the private sector can lift people out of poverty July 11, 2023 In 1948, the chair of the Colonial Development Corporation Lord Reith described the newly formed state-backed body’s role as to “do good without losing money”. Since then it has been through a number of understandable rebrands and rejigs. It swapped its title for the Commonwealth Development Corporation in 1963, before winning a mandate from government [...]
Ignore the soothsayers, the next election is still up for grabs if our economy settles October 24, 2022 Is there anything a new leader can do to turn around the Tories’ electoral chances?
Roaring jobs market steps up case for another Bank of England rate hike March 15, 2022 A roaring jobs market in the UK is stepping up the case for another rate hike by the Bank of England on Thursday. Strong demand for workers rubbing up against weak labour supply is intensifying inflationary pressures in the jobs market, demonstrating the UK economy is ready for more rate hikes, according to economists. The [...]
Only Putin can end the war, but we can help rebuild afterwards February 24, 2023 On the anniversary of the Ukraine war, Putin is showing few signs of giving up his offensive. For the UK, we need to make sure Kyiv knows we will be there in the aftermath.
Polymetal postpones projects as West ramps up sanctions on Russia April 25, 2022 Troubled Anglo-Russian miner Polymetal International (Polymetal) has seen revenues grow four per cent year-on-year to $616m.
Tortilla boss: ‘No intention’ of further price rises for customers as burrito chain eyes more dark kitchens April 11, 2022 Burrito chain Tortilla is eyeing dark kitchens in suburbia as a means to test locations before opening physical restaurants. Richard Morris, chief executive of the on-the-go operator, told CityA.M. that Tortilla viewed delivery as a “key part of our future.” “We realised that in London there are opportunities to further saturate the city with Tortilla [...]
Hong Kong lifts Covid-19 flight ban for nine countries including UK March 21, 2022 Hong Kong has announced today that it will lift its ban on flights from nine countries, including the UK, as government officials assure that the latest Covid-19 wave has peaked. Britain, the US, Australia, Canada, France, India, Nepal, Pakistan and the Philippines will all have flights resumed in April, Hong Kong leader Carrie Lam confirmed [...]
Steaming inflation cuts Brits’ spending power at fastest pace on record July 19, 2022 The number of Brits in full time work reached record highs in the three months to May as unemployment rates held at 3.8 per cent, official figures have revealed today.