Ocado Retail boss to step down as online grocer begins hunt for new CEO July 19, 2022 Ocado Retail has said its CEO Melanie Smith will step down next month, after three years at the helm of the business. Former deputy CEO of the company, Lawrence Hene, will take over on an interim basis while a hunt for a permanent replacement takes place. The supermarket has struggled with waning average basket spending [...]
EU braces for supply shortages amid growing doubts over Nord Stream gas flows July 19, 2022 The executive arm of the European Union has raised the prospect of supply shortages this winter, revealing it does not expect NS1 to come back online.
Heatwave: So, just how hot is it on the Central Line today? July 19, 2022 It’s hot. Really very hot. But how hot it is it on the Central Line? The east-west line is renowned as the capital’s warmest tube line, with a combination of stuffy carriages and lost teenage tourists contributing an overwhelming sense of dread whenever one is forced to use it in the summer. With a heatwave [...]
Ministers urged to overhaul regulatory red tape to boost London’s markets July 19, 2022 Ministers are being urged to push through a number of reforms to the UK’s capital markets to allow listed firms to raise fast and cheap cash in London, after a major review of the secondary market regime was published today.
Londoners heed call not to travel in extreme heat with near 50 per cent drop in Tube use from pre-Covid July 19, 2022 Londoners are heeding the government’s advice and staying at home due to the extreme heat, with entries and exits on the train network down almost 50 per cent. During the morning rush-hour on Tuesday, there were 1.03 commuters using the Underground, marking a 47 per cent drop on pre-pandemic levels. This was also 30 per [...]
Heatwave: Firefighters tackling two blazes in south London July 19, 2022 Parts of south London were engulfed with flames on the hottest day ever recorded, with firefighters tackling two blazes simultaneously. Emergency services attended to two grass fires in Croydon as the heatwave continues. Four fire engines and 25 staff responded to the emergency in the woodlands on Oaks Road in Croydon just after midday. Another [...]
Johnson & Johnson cuts sales and profit forecasts in global economic downturn July 19, 2022 US pharmaceutical giant Johnson & Johnson has cut its sales and adjusted profit forecasts, as a post-lockdown slowdown and a global economic downturn collide. Sales are anticipated to be around $1bn less than bosses thought in April, in the range of $93.3bn and $94.3bn. In its latest quarter, Johnson & Johnson, which owns skincare brand [...]
Heatwave: 40c recorded for first time ever in UK at Heathrow July 19, 2022 History has been made with the 40 degree barrier mark being broken for the first time ever, recorded at London’s Heathrow airport. The news comes after the Met Office issued an extreme level four red weather warning for Monday and Tuesday, with it expected to exceed 40 degrees. Earlier in the day, Heathrow said there [...]
Liontrust hit by £500m outflows as investor jitters spread July 19, 2022 London-listed asset manager Liontrust revealed it had been hit by £500m of outflows in the three months to June today as investors continue to pull back from markets amid extreme volatility.
Covid cases triple and hospital cases double as hyper-infectious Omicron variants drive new Coronavirus wave July 19, 2022 The World Health Organisation said this afternoon that Coronavirus cases have tripled across Europe in the past six weeks, accounting for nearly half of infections globally. Hospital admission rates have also doubled, although intensive care admissions remain low. In a statement on Tuesday, the WHO’s Europe director Dr Hans Kluge described Covid-19 as “a nasty [...]