Twitter’s top advertisers leave en masse following Musk entrance November 23, 2022 Twitter’s top advertisers are leaving the social media firm en masse, as Elon Musk’s grand plans scare away marketeers. More than a third of Twitter’s top 100 marketers have not advertised on the Elon Musk site in the last two weeks, according to analysis from the Washington Post. The analysis from Pathmatics data reckons that [...]
Camelot posts record half year thanks to online boost November 23, 2022 Outgoing National Lottery operator Camelot posted its highest half-year sales this morning as soaring online sales continue to save the day. The company said that the rising number of online players offset the dwindling in-store ticket and scratchcard demand, with sales topping £4bn for the first time in its history. Despite the “difficult” retail landscape [...]
FTSE 100 closes higher despite yet more recession signals November 23, 2022 London’s FTSE 100 finished higher today despite yet more data signalling the UK is on a one ticket to recession. The capital’s premier index climbed 0.17 per cent to 7,465.24 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.4 per cent to 19,500.5 [...]
Mick Lynch to meet with Mark Harper as new strikes sour festive period November 23, 2022 RMT’s boss Mick Lynch is set to meet with transport secretary Mark Harper tomorrow as the rail strikes announced yesterday are set to disrupt the festive period. The union announced on Tuesday that more than 40,000 of its members working at Network Rail and 14 other train operators will walk out throughout December and January [...]
Hunt says he’s ‘very concerned’ about tax burden and ‘absolutely’ wants to cut it November 23, 2022 Chancellor Jeremy Hunt has said he is “very concerned” about the UK’s soaring tax burden and that he “absolutely” wants to cut it. Hunt told MPs on a Westminster committee today that “if taxes are too high it makes it difficult to be a modern, dynamic economy”, while also backing his decision last week to [...]
Taxman grabs 30 per cent more from Brits over last five years November 23, 2022 The amount of money the taxman takes away from Brits has climbed 30 per cent over the last five years, City A.M. analysis of official figures shows. In the year to 31 October this year, HMRC collected £757bn in taxes, up from £584bn in 2015/16, stats out this week reveal. The rise in tax revenues [...]
Wartsila boss calls for onshore wind to power Europe’s energy ambitions November 23, 2022 Onshore wind should "absolutely" be part of Europe's ambitions, as it looks meet net zero goals and reduce its reliance on overseas supplies.
Manchester United: Glazers face disappointment over £6bn price tag November 23, 2022 Manchester United’s owners, the Glazer family, look likely to have to drop their asking price of £6bn to £8bn for the Premier League football club. The Glazers, who also own NFL franchise the Tampa Bay Buccaneers, announced they were ready to sell United after 17 years in charge earlier this week. The Americans fired the [...]
Posties reject Royal Mail’s ‘final and best offer’ as Black Friday strikes go ahead November 23, 2022 The UK postal service is facing an “Armageddon moment” as Royal Mail’s eleventh hour bid to call off Black Friday strikes fails. Members of the Communication Workers Union (CWU) rejected Royal Mail’s “final and best” offer this afternoon, scuppering hopes that industrial action happening tomorrow and Black Friday – two of the biggest online shopping [...]
Investment in public health could boost GDP by £180bn each year, says CBI November 23, 2022 Investments in healthcare and wellness are investments in the economy, according to the Confederation of British Industry (CBI). The UK loses 131m working days a year to ill-health, costing the nation around £180bn in GDP, data from the CBI’s new Work Health Index revealed yesterday. “Labour market resilience is a precondition to growth,” CBI president [...]