The Notebook: Victoria Scholar on why holiday spirit isn’t enough to power airlines’ profits October 10, 2023 Where the City’s top thinkers get a few things off their chest. Today, Interactive Investor’s Victoria Scholar takes the pen. Holiday spirit not enough to power airlines’ profits Global airline capacity (number of seats offered multiplied by distance flown) is finally on track to restore its pre-pandemic levels, according to data from Circium, reported by [...]
Rail workers ‘at war’ with government, union boss says October 9, 2023 Rail workers are “at war” with the government, a union boss has said, as Labour faced calls to commit to building HS2 in full. Mick Whelan, general secretary of the train drivers’ union Aslef, said his members have been on strike for 16 months in a “Westminster-driven” dispute. He accused the government of wanting to send [...]
Israel vows complete siege of Gaza amid wave of strikes after incursion by Hamas October 9, 2023 Israel’s military ordered a complete siege on the Gaza Strip on Monday, halting entry of food, fuel and supplies to its 2.3 million people as it pounded the Hamas-ruled territory with waves of air strikes in retaliation for the militants’ bloody weekend incursion. More than two days after Hamas launched its surprise attack from Gaza, the [...]
EU suspends ‘all payments’ to Palestinians following Hamas attack on Israel October 9, 2023 The European Union is suspending “all payments immediately” to the Palestinians, the EU Commission announced on Monday. Commissioner Oliver Varhelyi said the bloc was making the move because of what he called the “scale of terror and brutality” of Hamas’s attacks against Israel. The surprise announcement came just hours after EU officials stressed that no [...]
Mary Portas: High streets need Labour to ‘breathe life’ back into them October 9, 2023 Retail guru Mary Portas said she is “absolutely confident” a Labour government would “breathe life” back into Britain’s high streets. The broadcaster was appointed by then-prime minister David Cameron to lead a review into the future of British high streets in 2011. But Ms Portas, who presented Mary Queen of Shops, said she has been “frustrated” by [...]
Croda: FTSE chemicals giant’s share price drops after outlook slashed October 9, 2023 British speciality chemicals group Croda International cut its 2023 profit outlook on Monday, due to destocking and weak demand, particularly in its beauty care business in North America. The FTSE 100 company said it now expects 2023 group adjusted profit before tax of £300m to £320m pounds. It had forecast 370 million-400 million pounds previously. Following its profit outlook [...]
Warning over looming threat of recession October 9, 2023 The threat of a recession is looming amid a fall in employment, business optimism and output, a new report is warning. Advisory group BDO said its research suggested that business confidence, output and hiring intentions continued to fall in September as firms grapple with “ongoing inflationary headwinds”. Companies are still struggling to maintain staffing numbers [...]
UK working to establish status of British citizens in Israel, PM says October 9, 2023 The Government is working to establish the status of UK citizens in Israel, Rishi Sunak said, as deadly attacks by Hamas saw one British man serving in the country’s army killed. The Prime Minister declared “terrorism will not prevail” and pledged “steadfast support” for his counterpart Benjamin Netanyahu as the death toll from the incursion [...]
The Notebook: Marcus Geddes on what makes a modern office October 9, 2023 Today, Marcus Geddes, managing director at Landsec, takes the Notebook pen to talk all about the modern office Don’t let others fool you, there’s strength in flexible offices Demand for flexible offices is higher than ever before, but do people really know what ‘flex’ means? A common misconception is that flex is just co-working spaces [...]
Downing Street and London’s City Hall lit up in Israeli flag after Hamas terror attacks October 8, 2023 Mayor of London Sadiq Khan confirmed "City Hall will be lit up in the colours of the Israeli flag from tonight".
