What the City of London wants from Reeves’s Mansion House speech November 12, 2024 Treasury officials have been hitting the phones to City firms over the past two weeks as Rachel Reeves prepares to deliver the government’s annual Mansion House speech to the financial services sector. The backdrop is a fractious one for the Chancellor. While the Labour party built cordial ties with the Square Mile in the run [...]
Why the NFL is keen for Dublin to host games from next year November 11, 2024 NFL commissioner Roger Goodell confirmed at the weekend that a debut in the Republic of Ireland was in its sights.
Harrods faces major Christmas strike as staff demand inflation-busting festive bonus November 11, 2024 London’s iconic department store Harrods is facing the prospect of major strike action by its staff over the critical Christmas period. Hundreds of staff, who are members of the United Voices of the World (UVW) union, will vote on strike action in December over what they have described as “poor working conditions” and their festive [...]
Avanti West Coast boss insists ‘laser focus’ will help cut cancellations and delays November 11, 2024 Avanti West Coast needs to maintain a “laser focus” on cutting cancellations and delays to its train services, its boss has said. Managing director Andy Mellors also insisted that the operator is “making progress” in improving its performance but that there is “still more to do”. The MD was speaking to the PA news agency [...]
Want to fix the gender pay gap? Pay women more November 11, 2024 The ONS‘ latest report reveals that the gender pay gap has decreased, albeit it at a glacially slow pace. While many commentators are hailing the results as a monumental shift in the balance for fair pay, Dr Nahla Khaddage Bou-Diab says that corporate initiatives backed by many of the City’s big players are slowing down progress The [...]
NHS supplier Kainos reports revenue drop after lower public investment November 11, 2024 London-listed software provider Kainos has reported a drop in revenue amid a tough trading environment and delays to public investment after the general election. Kainos, which is a key supplier to the NHS, reported revenue of £183.1m in the first half of the year, down five per cent year on year. Profit before tax rose 11 per cent [...]
Aquis Exchange accepts £194m offer from Swiss group in blow to London November 11, 2024 The offer values Aquis shares at 727p per share, a 120 per cent premium to Friday's closing price of 330p per share.
London Heathrow Airport set for busiest year ever after record October November 11, 2024 London Heathrow airport is set to surpass its pre-pandemic passenger record after its busiest October ever saw seven million travellers use the airport. More than 7.2m passengers flew through Heathrow in October as the half term peak helped the airport to its sixth consecutive month of more than seven million passengers. “This year has been [...]
How the accounting watchdog is looking to unleash the City November 11, 2024 As Richard Moriarty gripped the sides of a podium and spoke freely from a sheet of bullet points at the London Stock Exchange in September, a warmth was stirring among certain City executives in the room. The tie-less career regulator, boss of the audit watchdog, the Financial Reporting Council, laid out his plans to shake [...]
Lessons from the Gulf: The UK must listen to business November 11, 2024 The UK may feel worlds apart from the Gulf monarchies, but there are lessons to be taken, writes Eliot Wilson.