EV marker Arrival to axe 800 jobs globally due to market volatility July 14, 2022 UK-based electric vehicle (EV) maker Arrival is set to axe 800 jobs globally as it continues to feel the pinch from the ongoing economic volatility. Approached by City AM, Arrival declined to comment on the number of UK workers that would be impacted as the company’s employees are scattered mainly across Britain, the US and [...]
Sky Sports pays more than £880m to extend broadcast deal with England cricket chiefs July 14, 2022 Sky Sports has agreed a four-year extension to its current deal as the main broadcast partner of the England and Wales Cricket Board (ECB). The ECB said the agreement, which runs from 2025 to 2028 and covers men’s and women’s internationals, The Hundred and the Vitality Blast, would see Sky show more cricket than ever [...]
First Property Group wins nearly half a million in unpaid rent from H. Samuel operator July 14, 2022 London property fund manager First Property Group has won nearly half a million in rent arrears from the operator of H. Samuel and Ernest Jones, after the jewellers withheld payment during pandemic restrictions. First Property recovered £450,000 from retail operator Signet Trading, in the first known arbitration under the Commercial Rent (Coronavirus) Act 2022. Gary [...]
Kevin Spacey pleads not guilty to accusations of sex offences July 14, 2022 Kevin Spacey pleaded not guilty to accusations of sex offences dating back almost 20 years in a London court on Thursday.
Branson backs London fintech Lightyear in $25m round July 14, 2022 Richard Branson has thrown his weight behind London fintech firm Lightyear today in a $25m funding round that has fuelled the firm’s expansion into Europe.
War for talent and skyrocketing wages push fees at job giant Hays to record levels in 15 countries July 14, 2022 Recruitment giant Hays said this morning the company is benefiting from higher wages around the world as it sets up potential candidates with jobs in industries. Job numbers have been strong, leading to increased competition from companies for workers, and helping to push up pay – although often not by enough to offset runaway inflation. [...]
Terrible Thursday for Barratt as energy prices and inflation take their toll on Britain’s biggest housebuilder July 14, 2022 Barratt Developments revealed this a.m. the company is facing a rise in build costs of up to 10 per cent as soaring energy prices and inflation take their toll. Britain’s biggest housebuilder said build cost increases have escalated to between 9 per cent and 10 per cent, up from around 6 per cent over the [...]
ESG faces reckoning after being ‘hijacked’ by marketeers, EY sustainability chief warns July 14, 2022 EY’s sustainability chief said the ‘environmental, social and governance’ (ESG) label had been “hijacked” by marketeers today as the firm called for greater scrutiny and regulation of the space to prevent it falling into “disrepute”.
Tory leadership: Poll says Sunak at just 28 per cent among members as Mordaunt’s support surges July 14, 2022 The six remaining Tory leadership hopefuls are preparing for the final sages of the contest with the results of the second ballot at 3pm today. Three clear frontrunners have emerged after the first round, with Rishi Sunak receiving 88, Penny Mordaunt on 67 and Liz Truss on 50. This comes amid disastrous polling from YouGuv [...]
Netflix and ads: Streaming giant teams up with Microsoft to launch cheaper subscription plan July 14, 2022 Netflix announced a partnership with Microsoft late yesterday to introduce a “lower priced ad-supported subscription plan” to drive down its prices. The advert option will be an “addition” to the existing plans and will not feature on all offers. The streaming giant has not said how much the reduced package will cost, but comes after a [...]