The Notebook: Victoria Scholar on why holiday spirit isn’t enough to power airlines’ profits October 10, 2023 Where the City’s top thinkers get a few things off their chest. Today, Interactive Investor’s Victoria Scholar takes the pen. Holiday spirit not enough to power airlines’ profits Global airline capacity (number of seats offered multiplied by distance flown) is finally on track to restore its pre-pandemic levels, according to data from Circium, reported by [...]
Amazon boosts UK workers pay – but unions vow to continue strike action October 9, 2023 A UK trade union has said walkouts over pay at Amazon’s warehouse in Coventry will continue, even after the tech giant announced today it would increase wages by at least £1 an hour. The GMB union, which has been spearheading Amazon strikes, told City A.M. today it would “absolutely not” end strikes in Coventry over [...]
This Lake District hotel has three incredible UK chefs and one Michelin star October 9, 2023 Three culinary hotshots are building the Lake District’s most exciting gastrotourism destination at the Gilpin Hotel, says Sophie Ibbotson It is often said that “too many cooks spoil the broth” but Gilpin Hotel & Lake House is counting on healthy rivalry to drive innovation in its kitchens. The Cumbrian hotel, which occupies a magnificent 100 [...]
AA profits tumble to £23m despite soaring cost of motor cover October 9, 2023 The AA saw profits halve this morning amid a drop in trading in its breakdown segment, but soaring motor insurance prices helped it weather the storm.
John Lewis faces fresh defiance from Ealing residents over build-to-rent tower October 9, 2023 The John Lewis Partnership is facing further resistance from Ealing residents over the retailer‘s attempt to erect a build-to-rent tower of 428 homes over a Waitrose supermarket in the west London borough. A campaign group, Stop the Towers, has made fresh calls to the council urging it to listen to residents’ concerns and reject the [...]
Thailand holidays: be the only guests at this private Thai island resort October 9, 2023 Thailand is rethinking luxury with a new breed of private resort, finds Liz Connor The words ‘Thailand’ and ‘luxury’ aren’t always an obvious pairing. The hedonistic southern end of the country is famous for boozy full moon parties, well-trodden backpacker trails and hordes of tourists who flood to its shores to make the most of [...]
GSK sells £2.5bn worth of shingles vaccine to China’s Zhifei October 9, 2023 GlaxoSmithKline is to sell £2.5bn worth of shingles vaccine Shingrix to China’s largest vaccine supplier Zhifei with a goal to double its global sales for the British pharma giant by 2026. The partnership, which was announced today, will give Zhifei the rights to import and distribute the vaccine across 30,000 vaccination points, starting in January. [...]
Recruitment firms’ profits expected to suffer amid jobs gloom October 9, 2023 Analysts expect recruitment firms to report a sharp fall in profits this week as an uncertain economic environment impacts the jobs market. Hays, PageGroup and Robert Walters will update investors on their performance over the coming days, with profits predicted to fall sharply. According to a consensus cited by AJ Bell, Robert Walters is expected [...]
Airline shares plunge on fears for oil prices and travel over Israel conflict October 9, 2023 Airline stocks tumbled this morning after investors fretted over rising crude oil prices and whether the conflict in Israel would dent demand.
Waitrose eyes deal with Amazon to sell groceries online in latest sales push October 9, 2023 Waitrose groceries could be sold on Amazon as part of a new deal being discussed by the upmarket grocer and delivery giant. The pair are reportedly considering the tie-up after the John Lewis-owned supermarket cut ties with Ocado nearly three years ago, according to reports published in The Telegraph. Amazon has recently struck up a [...]