Heathrow passenger numbers climb to record 39m July 23, 2019 Heathrow passenger numbers reached a record high of 38.8m in the first half of this year, a near two per cent increase on the previous year. The figures Profit before tax dropped at the airport dropped from £289m from the six months ended June 2018 to just £7m over the same period in 2019. Revenues [...]
Beazley profits almost triple as policy premiums rise July 23, 2019 Beazley has raised its outlook as profits more than doubled in the first half of its financial year, with the insurer hailing higher policy rates after years of expensive payouts for natural disasters. Read more: Profits halve as Beazley endures natural disaster losses The figures Beazley recorded higher profit before tax of $166.4m, an increase [...]
Going on holiday is a chance for a much-needed screen-break, so feast your ears on these podcasts instead July 23, 2019 Just admit it, we are totally dependent on our digital devices. People in the UK now check their smartphones, on average, every 12 minutes of the waking day, according to a worrying 2018 report from media watchdog Ofcom. This is likely to be even worse for business people, with a deluge of emails tiring our [...]
DEBATE: Who should be the next Prime Minister, Boris Johnson or Jeremy Hunt? July 23, 2019 Who should be the next Prime Minister? Mark Wallace, executive editor of ConservativeHome, says BORIS JOHNSON. Theresa May is reported to be searching for a legacy, but she has already got one. It’s just one she doesn’t like very much: a dire political situation born of muddle, indecision, and broken promises. She demolished the Conservative [...]
Politicians need to wake up to the risks of artificial superintelligence July 23, 2019 Politicians aren’t very good at thinking about more than one thing at a time. Take Brexit as an example, if you needed one. Everything other than our proposed exit from the European Union – and who will be the Prime Minister to lead us through it – has been downgraded to an inconvenient side-show. This [...]
Let this be the week that Liz Truss moves into Number 11 Downing Street July 23, 2019 We are now at the end of the Tory leadership election. Today, we will have the results, and tomorrow, either Boris Johnson or Jeremy Hunt will be sworn in as Prime Minister of the United Kingdom. But throughout it all, another important contest has largely gone ignored: the race for Number 11. Within the Westminster [...]
Data is our NHS’ most precious asset – the next Prime Minister must protect it July 23, 2019 Britain is about to have a new government. And in a few months’ time, there could be a General Election resulting in the third government of 2019. On top of this, Brexit has still not been resolved. But in the fog of these political crises, we must not lose sight of innovations which, if adopted [...]
Businesses say apprentice levy not increasing training spend July 23, 2019 Fewer than a third of employers that pay the apprenticeship levy say it will lead them to increase the amount they spend on training, according to a survey by the Chartered Institute of Personnel and Development (CIPD). Read more: London businesses ‘unaware’ of improvements to apprenticeship levy The CIPD, an association for the human resources [...]
Wework grabs €62m from EU in Brexit deal for London office spot July 23, 2019 Office sharing giant Wework is set to net a €62m (£55.7m) windfall when it takes over the European Medicines Agency’s (EMA) former London headquarters, following the body’s relocation to Amsterdam. A deal secured earlier this month will see Wework sublet 280,000 square foot in Canary Wharf’s 30 Churchill Place, creating one of the world’s largest [...]
City Moves for 23 July – Who’s switching jobs at RBC Capital Markets, Capital Group and Ergomed? July 22, 2019 Today’s City Moves includes RBC Capital Markets, Capital Group and Ergomed. RBC Capital Markets RBC Capital Markets has hired Allison MacKinnon – who will join the European debt capital markets (DCM) business – as a managing director, head of UK corporate DCM. Allison joins from ANZ where she was responsible for DCM, rates, FX, and [...]