Fresh train strikes and overtime ban to cause more rail havoc on 1 and 2 September August 18, 2023 Train drivers are to stage a fresh strike in the long-running dispute over pay, threatening more travel chaos for passengers. Members of Aslef will walk out on September 1 and will ban overtime on September 2, the same day as a strike by the Rail, Maritime and Transport union (RMT). Aslef said its strike will [...]
Wilko: ‘Genuine grounds for hope’ over future of troubled retailer as possible buyers circle August 18, 2023 There are “genuine grounds for hope” over the future of stricken retailer Wilko after interest from potential suitors, the GMB union has said. The retailer tumbled into administration last week, putting the future of its 400 shops and 12,500 workers at risk. Administrators from PwC swiftly sought offers from potentially interested firms which could save [...]
Former England forward Theo Walcott retires aged 34 August 18, 2023 Theo Walcott has retired from professional football at the age of 34. Walcott ended his 18-year senior career after playing over 560 games for Southampton, Arsenal and Everton, scoring 129 goals. He was famously named in Sven-Goran Eriksson’s squad for the 2006 World Cup without having played for England and stills holds the record of [...]
Russia claims it shot down a Ukraine drone over central Moscow August 18, 2023 Russia shot down a Ukrainian drone over central Moscow early on Friday and some fragments fell on an exposition centre, officials said. The Defence Ministry said in a statement that the drone was shot down about 4am (1am GMT) and there were no injuries or fire caused by the fragments. Mayor Sergei Sobyanin said some [...]
Chinese property giant Evergrande files for bankruptcy in US amid debt overhaul August 18, 2023 Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world’s biggest debt restructuring exercises, as anxiety grows over China’s worsening property crisis and a weakening economy. Once China’s top-selling developer, Evergrande has become the poster child of the country’s unprecedented debt crisis in the property sector, which accounts for [...]
The Ned set to open new rooftop outpost in Washington D.C. August 18, 2023 Soho House is set to open its fourth iteration of The Ned, the City favourite, this time in Washington D.C., according to reports. The Wall Street listed clubs operator has teamed up with the ‘junk bond king’ Michael Milken to split the near £1bn cost of a larger development which will see The Ned occupy [...]
London-based at-home cancer tester teams up with digital GP to speed up diagnoses August 17, 2023 A London-based provider of diagnostic tests which allows Brits to screen for cancer at home has teamed up with a digital GP to provide faster treatment. Newfoundland, which specialises in at-home diagnostic tests, has partnered with Doctorcall, which offers tele-medicine as well as at-home GP appointments, to launch the service in London. The partnership comes [...]
‘Greedflation’ not behind UK price rises, new data indicates August 17, 2023 Corporate profiteering, or ‘greedflation’, is not the driving force behind UK price rises, new data out today indicates. The profitability of private non-financial corporations grew by 0.1 per cent between the last quarter of 2022 and the first quarter of 2023, the Office for National Statistics (ONS) reported. It found that the net rate of [...]
The Square Mile and Me: Jim Wood-Smith on impostor syndrome, City shenanigans and a birthday redundancy August 17, 2023 Our weekly feature digs into the careers of the City’s great and good: this week, Hawksmoor Investment Management’s Jim Wood-Smith takes us down a most eventful memory lane What was your first job?I never did the Saturday paper round or the gap year saving-the-sloth thing. I was classically middle class and went to work for [...]
Sir Michael Parkinson dies aged 88: Heartfelt tributes to ‘greatest interviewer of our age’ August 17, 2023 Sir Michael Parkinson has died aged 88, as tributes flowed in for the TV talk show host, also known for being the face of Axa insurance adverts for over-50s. A statement from Sir Michael’s family said: “After a brief illness Sir Michael Parkinson passed away peacefully at home last night in the company of his [...]
