UK hospitality crisis: 75 per cent of pubs and restaurants are hiking pay to attract new staff October 4, 2021 As a worker shortage continues to hamper the sector’s recovery, three quarters of pub and restaurant bosses say they are increasing pay to attract staff. One in six jobs currently lies vacant, and 96 per cent of business leaders were seeing staffing shortages for some roles, according to a survey of 200 senior executives from [...]
UK businesses’ research and development investments climb to record £47bn October 4, 2021 The amount spent by UK businesses on research and development has jumped 15 per cent to £47bn last year, a record high and up from £41bn the year before, according to new data shared with City A.M. this morning. says UHY Hacker Young, the national accountancy group. The figures show that UK businesses also claimed [...]
Cake Box to open 20 new stores as Uber Eats and Deliveroo orders double sales October 4, 2021 Cake Box said this morning that its sales nearly almost doubled for the past six months amid a strong recovery in customer demand. The high street cream cake retailer said it was buoyed by its continued expansion, opening 20 new franchise sites over the six months to September, to bring it to a total of [...]
Insulate Britain protestors cause ‘severe traffic problems in the capital’ October 4, 2021 Activists from Insulate Britain have launched their eleventh day of protest at four separate sites across London today. All blockages are expected to hinder the route for commuters travelling in and around London. UK Country Manager at travel mapping app Waze Ru Roberts warned commuters: “Climate change protests are causing tailbacks in London, with a current [...]
UCL professor resigns from Science Museum board over oil and gas cash October 4, 2021 Professor of Climate Science Chris Rapley CBE resigned this weekend from the Science Museum’s Advisory Board over the issue of fossil fuel sponsorship and the museum’s willingness to accept money from major oil and gas companies, including Shell. Rapley, who is currently Professor of Climate Science at UCL, has long-standing ties with the Science Museum, [...]
Shortages saga: A third of UK mid-size firms forced to slim down offerings October 4, 2021 With the UK’s supply chains riddled with labour shortages and continued Covid-19-related hang-ups, a third of mid-size firms have been forced to reduce their offering. More than 34 per cent of businesses already trimmed their product lines and services by mid-September – before the fuel crisis had gripped the nation, according to accountancy firm BDO. [...]
Flutter makes Amy Howe new boss of FanDuel with US spinoff still on the cards October 4, 2021 Betting group Flutter Entertainment said this morning it has appointed Amy Howe as the new chief of its FanDuel arm as the company continues to consider spinning off the US business. Howe joined sportsbook and fantasy sport business FanDuel as president in February before becoming its interim chief executive in July. Her appointment comes after [...]
Fuel crisis: City traders circle BP and Shell as they take positions for more price hikes October 4, 2021 Investors are not banking on a swift resolution to the UK fuel crisis against a backdrop of continuing queues on forecourts and the Army being put on standby to help with deliveries, according to data shared with City A.M. this morning. Analysis of investor movements with regards to BP, Royal Shell and Glencore shows that [...]
COP26: All UK electricity to come from renewable sources by 2035 October 4, 2021 All of the UK’s electricity is set to come from renewable sources by 2035, prime minister Boris Johnson is expected to announce ahead of the country’s hosting of COP26. The push for cleaner energy will see the Conservative party increase investments in renewable and nuclear energy, according to The Times. It comes amid an energy [...]
‘The British renaissance has begun’: Lord Frost to bait EU with triggering Article 16 October 4, 2021 Lord Frost will reportedly hazard to the European Union today that the UK is willing to trigger Article 16 unless the bloc gives the green light to replacing the Northern Ireland Protocol. Proposals have already been drawn up to replace the protocol and the Brexit minister will tell the Tory party conference that the country [...]