Persimmon Homes: Share price lifts on recent uptick despite 42 per cent knock in home sales April 26, 2023 Persimmon Homes share price lifted nearly four per cent this morning, after the group reporting a 42 per cent knock in the number of homes completed in the first leg of the year. The house building group reported strong traffic to its website and improvement in sales reassured investor confidence. The house building group, which [...]
Post-Brexit reforms will drive up pension fund investment in UK infrastructure, survey finds April 26, 2023 More than half of pension scheme leaders expect to increase their investment in UK infrastructure projects in the next year, with many arguing a series of pending post-Brexit reforms will be the “key driver” behind their plans, according to a new survey exclusively shared with City A.M. Over 60 per cent (62 per cent) of [...]
Most businesses say hiring is inefficient – that needs to change April 26, 2023 | Sponsored The UK labour market is at an interesting juncture. After a ferocious post-Covid jobs boom that sent demand for workers into overdrive, we’re now seeing signs that employers have taken their foot off the hiring pedal. That’s not to say demand has dried up. Far from it. Britain still has more than 1.1m vacancies according [...]
The Mario movie plays it safe, but gives us decent nostalgia – review April 25, 2023 After his one-time rival Sonic became a box office hit, it seemed inevitable that Nintendo mascot Mario would get his own movie. Illumination, the animation studio behind Minions, will be hoping this animated adaptation fares better than the 1993 live action disaster with Bob Hoskins. Taking inspiration from 40 plus years of gaming history, The [...]
Credit Suisse and Silicon Valley Bank collapses flood City with idled talent April 25, 2023 Credit Suisse and Silicon Valley Bank’s failures have flooded the City with idled bankers looking for new work, a new report out today reveals. Over 4,000 more workers in the UK’s financial services sector were looking for a new gig in the first three months of this year, according to recruiter Morgan McKinley. Available financial [...]
Planet Organic rescued by founders but three London stores will close April 25, 2023 The founders of Planet Organic have bought the business back from administrators in a bid to keep the health-focused grocery store alive, but four stores will be forced to close as part of the process. Advisors Interpath sold the struggling chain to Bioren Limited, a business that was set up last month by the founders [...]
Fleet Street: £5bn development plan will transform former Daily Express HQ to serve a surprising new purpose April 25, 2023 The former Daily Express headquarters is among a flurry of buildings that will be transformed as part of a £5bn makeover of Fleet Street. A pipeline of 34 new developments have been announced for the East London region, which was once the former home of the newspaper industry. As part of the scheme, Salisbury Square, [...]
Are jobs on the line at Joules after Next takeover? April 25, 2023 Joules has launched consultations over potential job losses after the firm said its new owner Next said it is accelerating transition plans. Next snapped up the troubled fashion brand late last year after Joules fell into administration. The deal saw Next secure the future of 1,450 workers at Joules and 100 stores, although 19 stores [...]
Why is John Lewis overhauling its loyalty card scheme? April 25, 2023 John Lewis and Waitrose are both preparing to launch new loyalty card schemes as the partnership looks to turn around the business. The John Lewis Partnership, which owns the department store and upmarket grocery store, has drafted in Dunnhumby, the company which helped establish Tesco’s clubcard scheme in the 1990s and, also, promotions business Eagle [...]
Price of Bitcoin continues its sideways shuffle April 25, 2023 Bitcoin continues to drift around $27k, while Ethereum is down 1.7% from yesterday, having now pulled back 13% from last week’s highs.