Lloyd’s to stay in iconic headquarters until at least 2031 July 8, 2022 Lloyd’s of London is set to stay in its iconic City of London headquarters until at least 2031, according to new reports that quell rumours the insurer had been planning to leave its purpose-built tower in 2026. There is now “zero chance” the insurer will trigger the lease break clause in its contract with its [...]
1922 Committee treasurer: ‘Ship has sailed’ on PM leaving immediately but new leader should come in ‘as soon as possible’ July 8, 2022 A senior figure in the powerful 1922 Committee has said Boris Johnson should be ousted “as soon as possible”. Backbench MP Sir Geoffrey Clifton-Brown commented the Prime Minister’s position, after Johnson announced he would leave office soon in a speech outside Number 10 on Thursday. This comes after more than 50 resignation letters were submitted, [...]
Savings rates still too low to tempt regular investors to move more money into cash July 8, 2022 Regular UK investors believe savings rates are still not high enough to tempt them to move more money into cash. Just 35% say they have put more of their investments into cash accounts since the Bank of England started hiking the base rate in December last year with five increases taking it from 0.1% to [...]
Germany begins energy rationing as gas prices spike July 8, 2022 Local authorities in Germany have begun rationing energy, dimming street lights and closing swimming pools to cope with soaring gas prices in the wake of Russia’s move to slash energy supplies.
Angela Rayner: Labour will call a no-confidence vote if Boris Johnson doesn’t go by Monday July 8, 2022 Labour’s deputy leader has pledged to bring forward a vote of no confidence in the government if the Conservatives don’t immediately remove Boris Johnson. The opposition figure called on the party of government to quickly remove the incumbent “lame duck” of Number 10. Liberal Democrat leader Sir Ed Davey has also said he’d back a [...]
Beleaguered Amigo Loans say it has ‘learnt the lessons of the past’ as it gears up for lending July 8, 2022 `The boss of beleaguered lender Amigo said it had “learnt the lessons of the past” today as it looks to resume lending again after a two-year hiatus.
Shock and horror in Japan as its former prime minister Shinzo Abe is in ‘severe condition’ after shooting July 8, 2022 Japanese leader Fumio Kishida has said former prime minister Shinzo Abe is in a “severe condition” after being shot at a campaign event. Mr Kishida said he hopes Mr Abe will survive after the former prime minister was shot while giving an election campaign speech in Nara, western Japan, on Friday. Local fire service official [...]
JD Sports hires former Morrisons chair Andrew Higginson to fill the boots of Peter Cowgill after 18 years at the helm July 8, 2022 JD Sports has hired Andrew Higginson to help fill the boots of Peter Cowgill as the sportswear retailer’s new chair. Mr Cowgill stepped down from JD Sports in May after 18 year as the company’s executive chairman. The resignation came after the company was fined £4.3 million by the competition watchdog for exchanging information with [...]
Shop visits increase as shoppers hunt for cheapest prices but sales growth lags July 8, 2022 Visits to shops have increased as shoppers hunt for the cheapest prices, however this has not translated into sales growth amid the cost of living crisis. According to data from the British Retail Consortium, UK footfall increased by two percentage points in June, versus the prior month. Shoppers were hunting for the best deals as [...]
UK hiring boom slows as labour shortages and economic uncertainty scupper recruitment efforts July 8, 2022 The UK’s hiring boom is showing signs of coming to an end, according to new research from KPMG, which show the number new hires grew at its slowest rate in 16-months due to a lack of candidates and wider economic uncertainty. The fast-paced growth in the number of new hires has dropped off significantly [...]