War for talent swells new starter City pay packets July 18, 2022 Pay packets in the Square Mile are bulging as banks, insurers and brokers try to outbid each other to lure top talent amid a tight jobs market, reveals a new survey released today. Finance workers that switch employers received an average 25 per cent pay bump in the three months to June, according to recruiter [...]
UK banks ramp up lending after Covid-19 support cliff edge July 18, 2022 UK banks are ramping up lending, marking the end of a loan drought after government Covid-19 support schemes were ditched. The total value of lending to UK businesses climbed £12bn to £533bn in the nine months to May, according to research based on Bank of England data published today by debt advisor ACP Altenburg Advisory. [...]
Ex-GSK Haleon lands on London market despite economic turbulence July 18, 2022 Haleon, GlaxoSmithKline’s (GSK) former consumer health division, will list on the London market today as a standalone entity. It is a sign of changing tides on the London Stock Exchange, which for years has heavily relied on oil, mining and financial firms. The new FTSE healthcare heavyweight, which awaits a response on its application to [...]
Eurostar sees faster than expected business travel rebound July 18, 2022 Business travellers are once again letting the train take the strain, with Eurostar reporting numbers heading back to pre-pandemic highs. The St. Pancras operator’s newest data suggests business travel has returned to 70 per cent of 2019 levels, with 80 per cent of business passengers expecting to travel more or the same than in 2019, [...]
Ex-No. 10 comms chief Jack Doyle heads for Square Mile PR firm July 18, 2022 A FORMER Daily Mail political journalist who became Boris Johnson’s Director of Communications will take a senior role at City PR firm Headland, City A.M. can reveal. Jack Doyle, who resigned from an embattled Downing Street in February, will become a partner at the Cannon Street outfit. Doyle is the latest in a line of [...]
Tory leadership race descends into all out war in televised debate July 17, 2022 The Conservative leadership race descended further into vicious mudslinging today as the remaining five candidates tore shreds off each other for 60 minutes in a televised debate. Frontrunners Rishi Sunak and Liz Truss had a number of bruising encounters, with the ex-chancellor accusing the foreign secretary of peddling “something for nothing economics” that are closer [...]
Fever-Tree boss snaps up £1m worth of shares as tonic maker slashes profit guidance July 17, 2022 The boss behind tonic-maker Fever-Tree has coughed up more than £1m on shares after the firm suffered a huge blow last week. A concerning profit warning meant the London-listed company’s stock crashed by some 26 per cent late last week. Now, chief executive Tim Warrillow has bought 115,000 shares at 870.8p each while Fever-Tree’s chairman [...]
Taste the rainbow: Skittles ‘unfit for human consumption’, lawsuit claims July 17, 2022 Lawyers have claimed that Skittles are “unfit for human consumption”, alleging that the sweets contain a toxin called titanium dioxide. A lawsuit filed late last week in a northern California federal court against Mars Inc has sought class-action status. Skittles fans are “at heightened risk of a host of health effects for which they were [...]
Walsh: Heads must roll if airport chaos repeated next year July 17, 2022 OUTSPOKEN global aviation boss Willie Walsh laid into Heathrow management again this weekend, warning that any repeat of this year’s chaos should see bosses given the boot. The Hounslow airport has been bruised and battered by passenger demand outstripping expectations, leaving staff shortages, last-minute delays and myriad stories of travel chaos on social media. “If [...]
Negotiators work round the clock to thrash out Scandi air strike solution July 17, 2022 AILING airline SAS and pilot unions continued talks over new collective agreements yesterday after negotiations through the night, a union representative told reporters as a strike entered its fourteenth day. Most SAS pilots in Sweden, Denmark and Norway walked out on 4 July after talks over conditions related to the Scandinavian carrier’s rescue plan collapsed. [...]