London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Top City advisor tipped for US ambassador role November 11, 2024 Peter Mandelson, the Labour former minister and president of advisory firm Global Counsel, is reportedly a front runner to take over as British ambassador to the United States. Lord Mandelson is said to be in the running to replace Dame Karen Pierce, who was appointed in 2020 and will remain in Washington until after Trump’s [...]
FTX hits Binance with lawsuit over Sam Bankman-Fried transactions November 11, 2024 FTX launched legal action against Binance, seeking the return of almost $1.8bn that was allegedly transferred fraudulently.
Harrods faces major Christmas strike as staff demand inflation-busting festive bonus November 11, 2024 London’s iconic department store Harrods is facing the prospect of major strike action by its staff over the critical Christmas period. Hundreds of staff, who are members of the United Voices of the World (UVW) union, will vote on strike action in December over what they have described as “poor working conditions” and their festive [...]
Avanti West Coast boss insists ‘laser focus’ will help cut cancellations and delays November 11, 2024 Avanti West Coast needs to maintain a “laser focus” on cutting cancellations and delays to its train services, its boss has said. Managing director Andy Mellors also insisted that the operator is “making progress” in improving its performance but that there is “still more to do”. The MD was speaking to the PA news agency [...]
Motorola in last chance saloon to overturn competition regulator’s charge control November 11, 2024 Telecoms giant Motorola is at court today as it seeks to overturn a decision by the competition regulator to impose a charge control on its subsidiary
Burberry braced for Moncler takeover as staff given heads up November 11, 2024 Luxury fashion house Burberry is braced to be taken over by Italian company Moncler amid staff at one of its flagship London stores being given a heads up on the deal, according to reports. Rumours began to circulate last week that the listed brand was set for a takeover by the skiwear maker, but both [...]
Direct Line considers cutting 550 roles as motor market remains ‘challenging’ November 11, 2024 Direct Line is considering cutting around 550 roles as the insurance broker battles with "challenging" market conditions.
Profit at FTSE 100 supplier Workday almost doubles November 11, 2024 Profit at the UK arm of software giant Workday almost doubled during its latest financial year, it has been revealed. The US group’s division has reported a pre-tax profit of $39.5m (£30.6m) for the 12 months to 31 January, 2024, according to newly-filed accounts with Companies House. The new figure comes after the firm posted [...]
NHS supplier Kainos reports revenue drop after lower public investment November 11, 2024 London-listed software provider Kainos has reported a drop in revenue amid a tough trading environment and delays to public investment after the general election. Kainos, which is a key supplier to the NHS, reported revenue of £183.1m in the first half of the year, down five per cent year on year. Profit before tax rose 11 per cent [...]
Aquis Exchange accepts £194m offer from Swiss group in blow to London November 11, 2024 The offer values Aquis shares at 727p per share, a 120 per cent premium to Friday's closing price of 330p per share.