Carillion collapse: Government to ban late-payers to be banned from key contracts | City A.M. April 10, 2018 Outsourcing giants that fail to pay suppliers on time will be banned from major contracts under new plans announced by the government today in the wake of Carillion’s collapse. The Cabinet Office has announced a package of measures which also aim to “level the playing field” so small businesses can better compete with larger rivals. [...]
Hospitality industry reports rising salary pressure for temporary workers in “absence of EU applicants” April 10, 2018 Salaries for temporary workers across the UK rose at the fastest pace in six months in March, according to a widely followed survey to be published today, as vacancies for staff continues to rise. Hourly pay rates for short-term staff rose for the 62nd consecutive month, according to a poll of recruiters by the Recruitment [...]
‘Beast from the East’ keeps shoppers at home as consumer spending growth slows to 2.0 per cent in March April 10, 2018 Consumer spending growth slowed in March as extreme weather brought about by ‘the Beast from the East’ kept shoppers at home. Data from Barclaycard found that consumer spending grew by 2.0 per cent in March, its lowest level since April 2016, dropping from 3.8 per cent in February. In-store spending was particular affected, contracting by [...]
“It was my mistake”: Facebook founder Mark Zuckerberg set to take personal responsibility for data breaches April 9, 2018 Facebook boss Mark Zuckerberg is set to take personal responsibility for data breaches on the social media site when he appears before US politicians on Wednesday. In the testimony he is due to give to the House of Representatives Committee on Energy and Commerce, Zuckerberg will say that Facebook “is an idealistic and optimistic company” [...]
Moody’s warns FCA rule changes will be credit negative for the £8 trillion asset management industry April 9, 2018 Ratings agency Moody’s has warned that new asset management rules announced by the Financial Conduct Authority (FCA) last week will be credit negative for the £8 trillion industry. Moody’s analyst Tiziano Oliva wrote in a note that though the reforms will increase transparency and protection for investors, “active asset managers’ operating and compliance costs will [...]
UK expected to lag behind US and China in race for 5G connectivity April 9, 2018 The UK and Europe are likely to lag behind the likes of the US and China in the race to roll out 5G connectivity, new research published today has shown. Technology research group CCS Insight predicted that the US could roll out 5G as soon as 2018, while China will establish itself as a leader [...]
Gold Coast 2018 Commonwealth Games: Adam Peaty and Yohan Blake suffer shock defeats April 9, 2018 All-conquering English swimmer Adam Peaty admitted to receiving a “reality check” after his defeat in the men’s 50m breaststroke capped a day of shocks at the Gold Coast Commonwealth Games. Peaty, who holds the seven fastest times in the event and had been unbeaten for four years, had to settle for the silver medal after [...]
Easyjet founder Stelios Haji-Ioannou launches conveyance comparison tool, Easyconveyance April 9, 2018 Easygroup, the parent company behind brands like Easyjet, is expanding further into the property sector by launching Easyconveyance, a new conveyance comparison tool. The online platform, which launched today, allows home buyers and sellers to compare conveyancing quotes online from over 200 conveyancing and property solicitors’ firms across the UK. The website also allows buyers [...]
Manchester City v Liverpool: Is Pep Guardiola’s domestic dominance hurting his Champions League chances? April 9, 2018 Manchester City must do something only two teams have done before them if they are to progress in the Champions League this week – and halt a run of heartaches suffered by Pep Guardiola’s domestically dominant teams in Europe. While they may have one hand on the Premier League title, despite a weekend derby defeat [...]
London-based food delivery startup City Pantry which serves lunches to Amazon and Google raises £4m from Octopus April 9, 2018 A startup which delivers food from local caterers directly to offices in the City has raised £4m to expand across the UK. City Pantry, which already serves clients such as Amazon, Google, Spotify and Unilever, currently serves over 20,000 meals every week to the employees of more than 500 companies. Octopus Investments led the latest [...]