Pizza Express and Wagamama show signs of recovery after private equity and pandemic struggles August 7, 2023 Wagamama, Dominos and Pizza Express are among a cluster of top restaurants in the UK which have seen their profits increase in the last six months, new research shows, as the market slowly shows signs of recovery. The combined profit of the top 100 restaurants in the UK rose from £19.9m in September 2022 to [...]
British chip maker plans US move after government strategy let-down August 6, 2023 Chip manufacturer Pragmatic Semiconductor has suggested the government’s weak semiconductor strategy is to blame for a US expansion. The taxpayer funded chipmaker is looking to raise upwards of £100m of investment as it eyes up a US expansion after setting up a subsidiary there in February. “We’re not going to be raising 10 times that, [...]
Hybrid working: Now even Zoom tells staff to be in the office more often August 6, 2023 Zoom, once a remote work champion, has beckoned employees back to the office more often as pandemic work-from-home habits begin to topple. The company synonymous with virtual meetings now insists that staff – known as Zoomies – who live within 50 miles of a Zoom office should abandon their home desks spend at least two [...]
Commercial radio giant Global shuffles management playlist August 6, 2023 Global, the owner of LBC, Heart and a host of commercial radio stations, has reshuffled its management deck despite maintaining its spot as the number one commercial radio company Both the finance and marketing chiefs of the UK’s largest commercial radio group have bid farewell to the company in recent weeks, according to Companies House [...]
Virgin Atlantic pilot strike action up in the air amid fatigue row August 6, 2023 Virgin Atlantic is heading into turbulence pilots are revving up for a potential strike later this year, demanding an end to the pandemic changes that aimed to rescue the airline from bankruptcy. British Airline Pilots’ Association (Balpa), the union representing the pilots, has raised “serious concerns” about pilot fatigue and wellbeing as 96 per cent [...]
Arsenal’s Aaron Ramsdale takes stance against homophobia in football August 4, 2023 Arsenal goalkeeper Aaron Ramsdale has spoken out against homophobia in football. Ramsdale’s brother is part of the LGBTQ community and in a statement, the 25-year-old said he wants football to be “a safe and welcoming place for everyone.” Giving a statement to Sky News, he said he was tired of hearing homophobic chanting and has [...]
A nation driving innovation – why the UK is still a great place for global fintech companies August 4, 2023 | Sponsored Martin Heraghty, Regional Director Europe, Paymentology As an international financial powerhouse, the UK – and in particular London – is a great place for a fintech company to be based – even when times are tough. Despite the economic fallout of Brexit, soaring inflation and the cost of living crisis, the UK is still ranked [...]
Why Houghton festival is the best of the August music festivals August 4, 2023 Houghton festival takes place August 10 – 13 in Norfolk If you fancy a dance this summer, and are into electronic music, try Houghton festival in Norfolk. Other than having a particularly beautiful setting, there are a few reasons we particularly love this event. There is music pretty much round-the-clock, with sets from some of [...]
EP: 220 Glorious Goodwood – Saturday August 4, 2023 The Group 2 Lillie Langtry Stakes and the highly competitive Stewards’ Cup Handicap sprint are the feature races on the final day of Glorious Goodwood 2023. City AM Racing editor Bill Esdaile previews the best of Saturday’s racing action from the West Sussex track. Hosted by Chris Barnett. The Punter ‘The Punter’ has been City [...]
Parity shares surge 13 per cent after gloomy update and job cuts mooted August 4, 2023 Shares in data and technology recruitment company Parity rallied on Friday morning after it announced it was chopping revenue guidance for its upcoming trading update. Parity group’s shares spiked over 13 per cent on Friday morning even after it said it expects revenue in the first half of 2023 to decline 10 per cent from the [...]