Passengers face disruption at Luton Airport as Addison Lee drivers stage 24-hour strike May 1, 2019 Luton Airport passengers will face difficulty getting home today as Addison Lee drivers stage their first 24-hour strike over claims they are earning less than the minimum wage. Addison Lee was granted the exclusive right to operate at Luton Airport in 2012, meaning passengers will have few other options to get home by taxi if Addison Lee [...]
City Moves for 1 May – Who’s switching jobs at Mirriad, Discoverie Group and SCS Group? May 1, 2019 Today's City Moves includes Mirriad, Discoverie Group and SCS Group. Mirriad Mirriad, the computer vision and AI platform company, has announced abBoard change as Stephan Beringer, chief executive officer, continues his strategic refocusing of the business. John Pearson is appointed to the role of non-executive chairman, with effect from 30 April. He was previously appointed [...]
Tech sector activity gets a boost despite falling optimism April 30, 2019 Business activity growth in the UK technology sector has recovered to its fastest pace since the second quarter of 2018, while optimism fell to a 10-year low. The strength of business activity rose to 54.4 in the first three months of 2019, up from 52.3 at the end of last year, according to data from [...]
Tech sector activity gets a boost despite falling optimism April 30, 2019 Business activity growth in the UK technology sector has recovered to its fastest pace since the second quarter of 2018, while optimism fell to a 10-year low. The strength of business activity rose to 54.4 in the first three months of 2019, up from 52.3 at the end of last year, according to data from [...]
Business secretary Greg Clark set to announce £100m funding for British Steel April 30, 2019 Business secretary Greg Clark is set to announce a £100m funding package for British Steel. Sky News reported that Clark will announce the pledge in the House of Commons tomorrow after the UK’s second-biggest steelmaker made the request for emergency funding to pay an EU climate levy. According to the report, government funding has been [...]
Brexit offers a chance for bold, liberalising immigration reform – but Brexit paralysis prevents the government from grasping the chance April 30, 2019 Given how much the government is struggling to actually leave the European Union it should come as no surprise that it also struggles with key areas of policy that Brexit brings to the front and centre of the stage. Immigration policy is one prominent example and an area where the government still lurches from one [...]
Pfizer shares rise as it beats Wall Street profit estimates for first quarter April 30, 2019 Pharma company Pfizer beat Wall Street estimates for first quarter profit today and raised its earnings forecast for the year. Revenue rose 1.6 per cent to $13.12bn, ahead of estimates of $12.99bn. Net profit rose nine per cent to $3.88bn, or 68 cents per share. Read more: GSK to split as it forms £9.8bn consumer [...]
Catlin founder launches new insurer Convex with $1.8bn capital April 30, 2019 The founder of Catlin has launched a new insurer today, four years after the $4.1bn (£3.14bn) sale of his eponymous company. Stephen Catlin will be chair and chief executive of the new insurer, called Convex, with former Catlin chief underwriting officer Paul Brand as deputy chief executive. Read more: XL Group profits jump following Catlin [...]
Perkbox gets a £13.5m pick-me-up from Revolut-backer Draper Esprit April 30, 2019 Employee rewards platform Perkbox has raised £13.5m in a funding round, led by London-listed fund Draper Esprit. Some of the company's long-term angel investors also participated in the round. Perkbox, which is hired by companies to provide their workers with rewards and benefits for both their personal and professional lives, will use the funding to aid [...]
What women want? Fairness and flexibility at work April 30, 2019 Gender inequality across UK businesses remains rife. According to a recent KPMG survey, more working women than men primarily choose their jobs due to locality and flexibility of working hours. In an age of tech-enabled agile working, there is no justifiable rationale for these factors to be more of a concern for women than men. [...]