What the City of London’s skyline will look like in 2026 January 3, 2019 New images have revealed how London’s skyline will be transformed in the next seven years after planned developments have been completed. Seven towers are under construction and due to be completed by 2026 in the City Cluster, which is the area in the eastern corner of the Square Mile, and a further six have received [...]
Aviation regulator grants Ryanair UK air operator licence to continue flights in no-deal Brexit January 3, 2019 The aviation regulator has granted budget airline Ryanair with a UK air operator certificate that will allow it to operate flights within the UK and to non-EU routes in the event of a no-deal Brexit. The Irish airline said the risk of a no-deal Brexit was rising and repeated its call for the UK and EU to agree [...]
Booming video games industry makes up half the UK entertainment market January 3, 2019 The video games sector now accounts for more than half the UK’s entertainment market and is bigger than video and music combined, new figures have revealed. The booming games industry is worth £3.86bn, more than double its value in 2007, and now makes up over 51 per cent of the entire UK entertainment market, according [...]
Sainsbury’s begins search for new banking chief as Peter Griffiths prepares to retire January 3, 2019 Sainsbury’s has begun the search for a new chief executive of its banking division after confirming Peter Griffiths will step down next year. Griffiths, who has been in charge of Sainsbury’s Bank since 2012, will step down in 2020, Sky News first reported. The supermarket chain confirmed it was in the “early stages” of finding [...]
Beyonce and Jay-Z music video helps Louvre break visitor numbers world record in 2018 January 3, 2019 The Louvre Museum in Paris has broken the existing ticket office world record, after visitor numbers in 2018 were boosted by a music video filmed there which featured Beyonce Knowles and her husband Jay-Z. More than 10m people visited the Louvre’s galleries of fine art and antiquities last year, topping the previous record of 9.7m [...]
Telegraph hires Waitrose Food editor William Sitwell who resigned after vegan row January 3, 2019 The Telegraph has hired the former Waitrose Food magazine editor who stepped down after suggesting vegans should be force-fed meat, the company said today. William Sitwell, who resigned from the supermarket magazine after making comments about “killing vegans” in an email to a journalist, will join the Telegraph as a restaurant critic, writer and commentator. [...]
Manufacturers face worst staff scarcity since 1989 after Brexit leads to exodus of EU workers January 3, 2019 Manufacturers are struggling with the worst drought of workers in 30 years, as fewer EU workers come into the country in the wake of the Brexit vote. Labour shortages in the sector are at their worst since 1989, according to research, with Brexit-related uncertainty partly to blame. A report by the British Chambers of Commerce today [...]
Shortlist Media losses double as it closes men’s print magazine in shift to digital January 3, 2019 Shortlist Media, the publishing group behind Shortlist and Stylist magazines, saw its pre-tax losses double last year as it looks to shift its advertising revenue away from print. The company reported pre-tax losses of £8.6m in the year to the end of March 2018, with turnover rising marginally to £22.9m from £22.6m the year before. [...]
US pharmaceutical company Bristol-Myers Squibb to buy cancer drug developer Celgene in $74bn deal January 3, 2019 US pharmaceutical firm Bristol-Myers Squibb will buy cancer drug research company Celgene Corporation in a cash-and-stock deal valued at $74bn (£58.87bn), the company announced today. Shares in New York-listed Bristol-Myers Squibb fell around 15 per cent in pre-market trading on the announcement, while Celgene's stock soared more than 30 per cent. The merged company will have [...]
EU competition watchdog approves Coca-Cola’s merger with Costa Coffee January 3, 2019 The EU’s competition watchdog has given the green light to Coca-cola’s £4bn acquisition of Costa Coffee. The merger, which was announced in August, is expected to complete in the first half of this year. In a statement today the commission said: “The Commission concluded that the proposed acquisition would raise no competition concerns because the [...]