Heathrow’s boss slams Ryanair’s comments as ‘ridiculous’ July 26, 2022 Heathrow’s chief executive has lambasted Ryanair after the airline accused airports of not recruiting enough ground handling staff ahead of the peak season. John Holland-Kaye deemed the comments made yesterday by the airline’s chief financial officer Neil Sorahan as “ridiculous.” “Ground handling is the responsibility of the airline,” the airport’s boss told the PA news [...]
Rishi Sunak vs Liz Truss: Last night’s Tory leadership debate fact-checked July 26, 2022 Last night Tory leadership hopefuls Rishi Sunak, a former chancellor, and Liz Truss, the current foreign secretary, went head to head in a live TV debate on the BBC. Following the debate, City A.M. caught up with Will Moy, chief executive of Full Fact, to fact check the various statements that were made during the [...]
64 per cent of all City roles now listed as remote: Brits embrace hybrid working as Google searches go through the roof July 26, 2022 Demand for hybrid working has risen since the pandemic with remote employees seeing more productivity at home. In fact, to meet demand, 15 per cent of the UK workforce has gone hybrid, with 64 per cent of all roles in the City of London listed as hybrid working. Analysis of over 890,000 job advertisements has [...]
MPs sound the alarm as number of women in British prisons simply refuses to come down July 26, 2022 The Government’s lack of progress in cutting the number of women in prison has come under fire by various MPs. In fact, there are fears this could rise by more than a third in the next three years. The Commons Justice Committee said there has not yet been “significant” change in addressing problems when holding [...]
Homeowners on edge as inflation and interest rates rise: What is next for UK mortgage rates? July 26, 2022 Many people up and down the country will be feeling the financial strain of the cost-of-living crisis, and this’ll only add more pressure on the monthly budgets of millions of UK mortgage homeowners and of those currently looking to buy. With the Bank of England’s base rates having risen to 1.25 per cent in June [...]
UK voters’ concerns on inflation reach highest level in four decades July 26, 2022 UK voter worries on inflation are at their highest since the 1980s as the country faces a severe cost of living crisis and prices of essentials surge. The July 2022 Ipsos Issues Index by research company Ipsos showed that 45 per cent of adults in the UK view inflation as one of the most pressing [...]
BP veteran Tufan Erginbilgic secures Rolls-Royce’s top job as Warren East departs after eight years July 26, 2022 Former BP executive Tufan Erginbilgic has been named as the new chief executive of engine maker Rolls-Royce, succeeding outgoing boss Warren East. The group said Erginbilgic will take on the role on January 1 next year. It comes after East announced in February that he planned to leave at the end of 2022 after eight [...]
Drax’s profits surge as high energy prices bolster power plant operator’s earnings July 26, 2022 Power plant operator Drax Group today said its pre-tax profits for the first half of 2022 were almost four times higher than its pre-tax profits for the same period in 2021, after high electricity prices bolstered the Yorkshire firm’s business. The North Yorkshire company – that operates the coal and biomass fired Draw Power Station [...]
Chief Financial Officers should step up and take a more active role in leading their businesses, new report says July 26, 2022 Company Chief Financial Officers (CFOs) should take a more active role in guiding the businesses they run through times of uncertainty, according a new report Big Four accounting firm Deloitte and cloud computing company Anaplan. The report warns that CFOs perception of themselves and their own roles fails to match the perceptions of others, as [...]
Scorching summer boosts grocery sales but volumes dip amid cost of living crunch July 26, 2022 Total till grocery sales were elevated this month as sweltering summer temperatures encouraged shoppers to spend more at the supermarket. According to NielsenIQ data, total till grocery sales were up 4.4 per cent in the four weeks to 16 July, with sales up 5.6 per cent in the last week when scorching weather started. Price [...]