Goldman Sachs has a ‘culture of bullying’ according to ex recruitment chief July 17, 2023 Goldman Sachs has been accused of having a “culture of bullying” by a former recruitment executive in the latest example of banks taking flack for their intense work culture. According to The Daily Telegraph, Ian Dodd, who worked for the American banking giant in London between 2018 and 2021, claimed that staff often sobbed through [...]
Citi’s European boss says London has not been diminished by Brexit July 17, 2023 Citigroup’s European head has said that Brexit has not impacted the City anywhere near as much as experts predicted. In an interview with The Daily Telegraph, David Livingstone, Citi’s Europe, Middle East and Africa boss, said the City has “not been diminished” by Brexit, despite attempts by the EU to attract more firms to the [...]
Crypto markets idle following last week’s flurry of trading activity July 17, 2023 Bitcoin is trading below $30,300 this morning, moving sideways along with the majority of other crypto markets.
Tortilla Mexican Grill: Revenues surge by over a fifth after expansion July 17, 2023 Tortilla Mexican Grill raked in revenues of £32.7m during the first leg of the year, up 22 per cent compared to the same period last year, off the back of a string of new site openings. The fast-casual restaurant chain was bolstered by new openings and growing demand, saying like for like revenue also grew [...]
Royal Mail scoops five year deal for delivery of passports, visas and travel docs July 17, 2023 Royal Mail has won a five-year contract for the collection and delivery of passports and supporting documents including UK Visas and Immigration (UKVI) travel documents. The contract also includes the delivery of internal mail between HM Passport Office offices and other Government offices. Royal Mail will also be working with the General Register Office on [...]
Sofa so good! DFS reaches record market share as it navigates cost of living crisis July 17, 2023 DFS recorded a four per cent decline in gross sales compared to last year as the sofa giant warns of “significantly worse” market activity during the cost of living crisis. The news comes as earlier this year DFS downgraded its profit expectations to between £30m and £35m, slashing it by nearly half on the £60.3m [...]
Entain: Ladbrokes owner snaps up US analytics firm for £81m as it continues on deal spree July 17, 2023 Ladbrokes owner Entain has snapped up a US sports pricing and analytics firm for £81m, as it continues on its recent acquisition spree. The betting giant said that on top of the millions it’s splashed on Angstrom Sports, it will also pay contingent payments over the next three years – meaning future payments of £122m are promised to the seller upon [...]
Trustpilot flies in former Just Eat exec who took it into FTSE 100 as its new CEO July 17, 2023 Trustpilot has appointed Adrian Blair as its new chief executive, replacing founder and CEO Peter Holten Mühlmann. Blair will join from Cera, the digital health company, where he was chief business officer. In this role he was responsible for engineering and data at the firm. Before Cera, Blair was chief executive at accounting automation platform [...]
Bank of England interest rate hikes trigger record £2.1 trillion UK wealth collapse, report claims July 17, 2023 The Bank of England has engineered the largest contraction in UK household wealth on record by jacking up interest rates in response to scorching inflation, a new report out today has claimed. Asset values have collapsed by £2.1 trillion since early 2021, mainly driven by a sharp fall in bond prices in response to UK [...]
Seraphim: Investment deals take off as UK ranks third globally July 17, 2023 Seraphim Space has reported that overall startup activity and later-stage funding within the space tech industry are at higher levels than ever before, according to its half year investment index published today. Globally, the UK ranks as having the third-highest number of space deals in the past 12 months at 39, trailing behind the US [...]