Wealthy Londoners wake up to find their SUVs deflated in affluent Crouch End following overnight raid in Highgate July 25, 2022 Close to 100 SUVs were deflated across the affluent North London area of Crouch End last night. Activists called the Tyre Extinguishers informed City A.M. this morning that they “disarmed” nearly 100 SUVs in Crouch End in order to protest against the government’s climate policies. They primarily targeted cars in and around Southwood Lane, Shepherds [...]
Tonight at 9pm: Liz Truss and Rishi Sunak will go head to head on live TV in BBC debate July 25, 2022 Tory leadership hopefuls Rishi Sunak and Liz Truss will go head-to-head in a TV debate after the battle to become the next prime minister became toxic with the two rival camps clashing over immigration, China and the economy. The BBC debate at 9pm comes after a weekend that saw allies of the two Tory leadership [...]
‘For f*** sake!’: Liz Truss-supporting Nadine Dorries mocks Rishi Sunak over expensive £3,500 Herbert suit and Prada shoes July 25, 2022 Former Chancellor and Tory leadership frontrunner Rishi Sunak was today mocked over his expensive taste in clothing. The sneer came from Culture Secretary Nadine Dorries. Dorries, a supporter of Sunak’s leadership rival Liz Truss, pointed to reports that the millionaire former chancellor has been pictured wearing a £3,500 suit and £490 Prada shoes. She said [...]
Investment in London’s commercial property market drags as economic woes deepen July 25, 2022 London’s commercial property market took a hit in the second quarter of 2022 as investment declined amid a weakening economic outlook, according to data by BNP Paribas. Central London properties experienced an eight per cent investment drop at £4.5bn compared to Q2 last year, with the number of office deals transacting at less than half [...]
Zelensky: Russia cannot be trusted to hold up grain deal after ‘barbaric’ Odessa strike July 25, 2022 Ukraine’s president condemned Russia’s “barbarism” following a strike on Odessa, as he said the Kremlin cannot be trusted to observe a grain exportation deal. President Volodymyr Zelenskiy hit out after Saturday’s attack by Moscow, in wake of an agreement facilitated by Turkey for Kyiv to resume exports from Black Sea ports like Odessa. The deal [...]
Ryanair flies into first profit in years despite merciless Ukraine beating in already ‘fragile’ market July 25, 2022 Ryanair has swung to a first-quarter profit despite airport disruption and a hit from the Ukraine war, but warned that the full-year outlook is unpredictable in a “fragile” market. The Irish airline reported profits after tax of £145m for the three months to June 30 against net losses of £233m a year ago as passenger [...]
Mr Kipling owner acquires meal-kit brand The Spice Tailor for £43.8m July 25, 2022 Premier Foods has snapped up the Indian and South East Asian meal kits business The Spice Tailor, for an initial £43.8m. The Spice Tailor is anticipated to generate revenue of £17.3m in the 2022/23 financial year, with the Mr Kipling owner enticed by its 20 per cent compound annual growth rate over the last four [...]
Card Factory financial chief to exit firm with £40,000 golden parachute July 25, 2022 Card Factory financial chief Kris Lee is set take away a £40,000 golden parachute after stepping away from his position at the Wakefield headquartered card seller Lee, who joined Card Factory in 2017 following a more than five-year stint as group finance director at The Edinburgh Woolen Mill Group, will be paid £40,000 in compensation [...]
Macro challenges, climate change and digitisation drive growth for tech firm SThree July 25, 2022 Macro-economic challenges, digitisation and the fight against climate change provided a major boost to science and tech firm SThree. The company reported a 64 per cent rise in profit before tax to £44.3m in the first half of 2022 compared 2021’s first half. SThree also made progress towards ESG targets with more than 16,540 people [...]
Aldi raises pay for 26,000 shop staff with Londoners to be paid £11.95 an hour July 25, 2022 Aldi has announced it is raising store assistant pay further, with Londoners to receive £11.95 minimum per hour from the autumn. The discount supermarket said this pay increase means it retains the crown of the country’s best-paying grocer, with store assistants outside the M25 to receive a base pay of £10.50 an hour. Some 26,000 [...]