AJ Bell: Getting young people to invest isn’t easy amid cost-of-living crisis October 30, 2022 ENCOURAGING younger people to invest their hard-earned cash is not easy in the current economic climate, the chief executive of AJ Bell has said, adding that the recent launch of its investment app Dodl, which is aimed at younger investors, took place at a less than ideal time. Younger generations are seeing a “real squeeze” [...]
Ministers rubbish Russian claims Britain was behind Nord Stream attack October 29, 2022 The Russian defence ministry has accused the British navy of attacking and rupturing the Nord Stream gas pipelines last month, a claim that British ministers described as an attempt to divert attention away from military failures in Ukraine.
Mayor meets with neurodiversity campaigners in bid to make capital world-leader October 29, 2022 London Mayor Sadiq Khan has met with leaders of a campaign to encourage more neurodiversity in the business world. The term is a relatively new one but encompasses individuals with conditions including autism, ADHD, dyslexia and dyspraxia amongst others. Dan Harris, the CEO of Neurodiversity in Business (NiB), told City A.M. that whilst individuals “may [...]
Nearly 28,000 Brits enter insolvency as economic crunch hits October 28, 2022 Almost 28,000 personal insolvencies were recorded over the past three months as Britons come under pressure from the soaring cost-of-living, according to official figures. The Insolvency Service confirmed on Friday that it has also seen a rise in registrations from people seeking breathing space from debts. The new data showed that 27,927 individual insolvencies were [...]
British Airways owner IAG’s profits soar as leisure demand booms October 28, 2022 British Airways owner IAG is back in the black with a profit after tax of €853m (£736m), as leisure revenue has recovered to pre-pandemic glory. The London-listed firm swung into profit in its third quarter results – ahead of market expectations – after posting a 2021 loss of €574m. IAG’s overall passenger capacity plans are [...]
Grafton names Eric Born as new chief October 28, 2022 DIY retailer Grafton has appointed Eric Born as its new chief executive officer, it announced on Friday morning. Born will take on the job on 28 November, succeeding Gavin Shark at the helm of the Woodie’s owner. Born has previously served a five year stint running global aviation services giant Swissport International AG, as well [...]
NatWest: No ‘signs of heightened financial distress’ from customers yet October 28, 2022 NatWest has said it is not yet “seeing signs of heightened financial distress” from customers, after posting a £1.1bn flat quarterly profit. Analysts had forecast a pre-tax profit of £1.2bn, with the bank just missing this. Alison Rose, the chief executive, said the big four bank was “acutely aware of the challenges that people, families [...]
Letters: Wake up and smell the fraud October 28, 2022 Protecting the public from the meteoric rise of fraud needs to be an absolute priority for the new government.
Growth for Durex owner Reckitt as punters find new way to warm the home October 26, 2022 CONSUMER giant Reckitt enjoyed another bumper quarter heading into the winter – with strong momentum in one particular category suggesting consumers across the world might have found alternative ways to keep warm amid the energy crisis. The firm said it had seen “strong growth” in its intimate wellness portfolio, which includes Durex and KY, alongside [...]
Letters: Not another carte blanche October 26, 2022 [Re: A blank cheque for two years of capped energy prices was a perverse kind of plan, yesterday] In response to Jonathan Maxwell’s piece yesterday, I would not call the plan to cap energy prices “perverse”, I would say it was about giving people the ability to plan, to know what was going to [...]
