Hospitality hit ‘from both sides’ of energy price crisis as number of insolvent firms shoots up September 18, 2022 There has been a huge spike in the number of company insolvencies in the past year by 72 per cent, as hospitality bears the brunt of soaring energy bills. New figures from the Insolvency Service show pubs, bars and restaurants have been the worst affected, being “from both sides” by the cost of living crisis. [...]
Empty Waterloo train left on platform as ‘waiting room’ for Queen mourners September 17, 2022 A train will be left on the platform of Waterloo station as a “waiting room” for anyone needing rest after queuing to see the Queen lying in state. Southwestern Trains announced the gesture on Twitter, as the miles-long queue from Westminster snakes the Southbank of the Thames, towards Southwark. Tens-of-thousands of people are in the [...]
Man arrested after trying to rush the Queen’s coffin in Westminster Hall September 17, 2022 A man has been arrested after he tried to rush the Queen’s coffin in Westminster Hall. As thousands of people continue to queue up to see the late monarch lying in state, one so-called ‘well-wisher’ decided to run at the coffin when he got near to it. The assailant was immediately jumped on by nearby [...]
Property guru: Truss’s energy package has helped housing market from cliff edge September 17, 2022 The Government’s action to limit the impact of energy price rises has helped pull the housing market back from the cliff-edge, a leading property association told City A.M. this morning. But the National Association of Property Buyers’ (NAPB) does stress further steps are urgently needed to ensure we don’t see a serious downturn in house [...]
KPMG’s Dubai partners urge global leadership to suspend Emirati bosses September 17, 2022 A group of senior partners at KPMG’s Dubai business have called on the Big Four accounting firm’s global leadership to suspend bosses at its UAE division, over allegations of nepotism, cronyism, and a culture of fear within the firm. The Dubai partners are calling on KPMG International’s top executives to parachute in a temporary chief [...]
British savers handed September boost as rates climb to highest level in a decade September 17, 2022 A new market analysis shared with City A.M. this weekend shows that the average rates being offered on some savings accounts have reached their highest level in nearly a decade. At 0.84 per cent, the average easy access rate is at its highest since a rate of 0.87 per cent was recorded in December 2012. [...]
Weekend exclusive: Challenger banks stifled by excessive regulation, warns OakNorth chief September 17, 2022 UK challenger banks are being bogged down by a need to jump through the same regulatory hoops as their larger high street rivals, the chief of digital lender OakNorth said today.
China blocked from attending Queen Elizabeth II’s lying in state September 16, 2022 A Chinese government delegation has been blocked from attending Queen Elizabeth II’s lying in state. House of Commons speaker Lindsey Hoyle has refused a request for Chinese officials to be allowed access to Westminster Hall, where Queen Elizabeth II will lie in state until her funeral on Monday, Politico first reported. The refusal comes after [...]
Rail strikes set to resume on 1 and 5 October September 16, 2022 Train drivers at 12 companies are set to resume their strike on 1 and 5 October in a long-standing dispute over pay. Initially announced at the end of last month, the walkout was postponed following Her Majesty the Queen’s death last week. The train drivers’ union Aslef will not make any public comments until after [...]
Outsourcing firm Capita secures £57m council contract extension and sells off £150m division September 16, 2022 London-listed outsourcing firm Capita has secured an extension to its contract with Barnet council worth up to £57m, as it sold a division worth £150m. The company will continue to work with Labour-run Barnet Council to deliver back-office services in a deal worth £42.7m, with potential add-ons. With indexation and extra work the extension could [...]