Tesco kicks off £150m share buyback programme July 4, 2022 Tesco announced today it will kick off a £150m share buyback programme as bosses look to put excess cash back in shareholders' pockets.
Labour rushes to deny Starmer plans to ‘unpick’ Brexit or take UK back into single market July 4, 2022 The Labour is rushing to deny allegations it plans to undo parts of Brexit, with Baroness Jenny Chapman, a shadow minister of state at Cabinet Office, has denied that Labour has plans to “unpick” Britain’s departure from the European Union. Labour leader Sir Keir Starmer will later vow not to take the UK back into [...]
UBS injects £900m into GSK life sciences hub as it looks to compete with Cambridge July 4, 2022 UBS Asset Management has teamed up with property firm Reef Group to invest up to £900m to create a life sciences cluster. The pair plan to buy 33 acres of land at GlaxoSmithKline’s (GSK) research site in Stevenage, which will create up to 5,000 “highly skilled” new jobs. While the spot is already a global [...]
Hospitality crisis: Fewer pubs in England and Wales than ever before with less than 40,000 for first time on record July 4, 2022 Fresh analysis that sheds light on the ruinous impact of the pandemic and soaring business costs shows this a.m. that there are fewer pubs in England and Wales than ever before. The total number of pubs dropped below 40,000 during the first half of 2022, a fall of more than 7,000 since a decade ago. [...]
Female FTSE 100 directors earn 74 per cent less than male counterparts July 4, 2022 Female FTSE 100 directors earn 74 per cent less than their male counterparts, with an average pay of £245,000 compared to £935,000, research by Mattison Public Relations found. Women make up 14 per cent of the FTSE 100 board executives, with 34 of the 238 executive positions on FTSE 100 boards. They get an average 4 per [...]
Workers lose over £9k of yearly income rises during ‘lost decade’ July 4, 2022 Brits have lost over £9,000 of annual income rises during and just before the “lost decade” after the global financial crisis, reveals a fresh report published today. Typical household income growth has ground to a halt of just 0.7 per cent per year between 2005 and 2020, while incomes surged 2.3 per cent each year [...]
Eurostar ramps up daily train services between London and Amsterdam as demand skyrockets July 4, 2022 Eurostar said this afternoon that it plans to run more direct trains between London and the Netherlands to meet growing demand. A fourth daily weekday service will operate in both directions between London St Pancras International and Amsterdam via Brussels and Rotterdam from September 5. The extra service from London will depart at 6.16am, with [...]
Recruitment guru Paul Farrer warns employers half of all Brits are currently looking for a new job July 4, 2022 Sixty per cent of all workers are currently looking for a new job, with as many as just under half of them searching for a new role due to the cost of living crisis. That is the warning from Paul Farrer, the founder and chairman of recruitment giant Aspire. According to research carried out by [...]
Patents for driverless car technology rise as makers try to avoid litigation July 4, 2022 Patents for automotive wireless technology submitted by car makers have jumped by 4.9 per cent in the last year, according to research published today. Figures from intellectual property law firm Mathys & Squire went up from 945 in 2020 to 991 – a threefold increase on 2016 levels. According to Mathys & Squire, the reason [...]
Sustainable deliveries: Amazon launch first e-cargo bike fleet in central London July 4, 2022 Amazon deliveries across London are set to become more sustainable from now on, as the e-commerce titan launched today its first fleet of e-cargo bikes and walkers. Stored in Amazon’s Hackney hub, the new fleet will make more than one million deliveries a year across 10 per cent of London’s Ultra Low Emission Zone (ULEZ). [...]