Wework credit rating slashed after casting doubt over its future August 17, 2023 Troubled office space provider Wework saw its credit rating slashed yesterday evening after the firm cast doubt over its ability to continue operating. US credit rating agency Fitch Ratings cut Wework’s rating from CC to CCC. This is one of the lowest rankings on the credit rating scale, and means the agency believes there is [...]
Women’s World Cup Final: Pubs ask to open at 10am and serve booze so England can get behind Lionesses August 17, 2023 Pub bosses have called on the government to loosen licensing rules for Sunday opening hours and alcohol sales for the Women’s World Cup final. The Lionesses will play Spain at 11am on Sunday August 20 in their first World Cup final, after beating hosts Australia on Wednesday. But industry bosses have warned that licensing rules [...]
Birkenstock UK profits stumble as brand preps for £8bn IPO August 17, 2023 Birkenstock’s UK arm reported a drop in profits for the year but its sales continued to soar. The German business, whose stripped-back shoes are sometimes called ‘Jesus Sandals’, said total turnover reached £34m in the year ended September 2022 up from £23m in the same period the prior year. Full year retail revenues also more [...]
Aldi on the hunt for 1,700 new staff members as demand for value goods grow August 17, 2023 Aldi is looking to hire 1,700 more warehouse staff this year as the grocery discounter steams ahead with its UK expansion plans. The German value retailer is ramping up the number of full-time and part-time positions at its Regional Distribution Centres and employees will be offered salaries of up to £53,000 per year. Its hiring [...]
The Square Mile and Me: Jim Wood-Smith on impostor syndrome, City shenanigans and a birthday redundancy August 17, 2023 Our weekly feature digs into the careers of the City’s great and good: this week, Hawksmoor Investment Management’s Jim Wood-Smith takes us down a most eventful memory lane What was your first job?I never did the Saturday paper round or the gap year saving-the-sloth thing. I was classically middle class and went to work for [...]
Bitcoin slips below $29,000 as Ethereum loses its grip on $1.8k August 17, 2023 Bitcoin and Ethereum are both down by almost 2% in the last day, in line with stock markets, which slid for the second consecutive day.
Women’s World Cup: Nearly half of Australia watch Lionesses beat Matildas August 17, 2023 The Lionesses’ 3-1 victory over the Matildas in the Women’s World Cup on Wednesday was watched by over 40 per cent of Australians. The figures come as the Women’s World Cup has captured the hearts of the co-hosts, who made it further this year than any previous attempt. A peak of 11.15m Aussies watched Ella [...]
The London YouTuber, 9, whose animal videos have impressed David Attenborough August 17, 2023 With over 100,000 views on his videos, 9-year-old London YouTuber Leo from Camberwell has done such a good job with his videos that he’s impressed David Attenborough. Leo, who started making videos about animals during lockdown, got a hand-written letter from Sir David, as well as from prime minister Rishi Sunak. Leo also won the [...]
Mecca Bingo owner hit by high energy costs and wage inflation – but bets on things improving August 17, 2023 Mecca Bingo owner Rank Group reported a 52 per cent decline in like-for-like underlying operating profit for the year as it was hit hard by energy bills and raising wage inflation. But, the gambling giant is also raising its outlook for the year as the economy stabilises. In April, the business raised its profit guidance [...]
The Countdown for City Giving Day 2023 Begins August 17, 2023 | Sponsored The countdown has officially begun for City Giving Day, the City’s biggest annual celebration of charity, philanthropy and giving. With just under six weeks to go until the big day, a host of exciting events have been announced, hosted by City businesses across the Square Mile these include a brand-new live online auction to “Knit [...]