London Heathrow confirms Copenhagen hub boss as CEO as it looks towards expansion June 30, 2023 London Heathrow airport has confirmed the boss of Copenhagen’s international hub as its new chief executive. Thomas Woldbye was appointed by its board as the successor to John Holland-Kaye, following a decade at the helm. The new CEO served as chief of Copenhagen Airport since 2011, and previously was previously at Møller-Mærsk, leading the global [...]
WH Smith has no plans to grow ‘healthy’ high street presence as it eyes airports instead June 30, 2023 WH Smith boss said the retailer has no plans to open any additional high street stores but is focusing on growing its transport hub and international presence. “We’ve got a very healthy High Street business in the UK”, Carl Cowling told the BBC, “but we’ve got no ambitions to grow that”. “When you look at [...]
Energy costs to fall from July but bills still almost double pre-crisis levels June 30, 2023 Households will pay less for their energy supplies from Saturday amid warnings bills will still be double the price before the crisis.
Greater investment than predicted as UK economy grows by just 0.1 per cent June 30, 2023 The UK economy grew marginally over the first quarter of the year, driven by increases within the services sector, according to official data. UK gross domestic product (GDP) edged up by 0.1% between January and March, the Office for National Statistics (ONS) said. The ONS had already indicated growth of 0.1% in May, but on [...]
Revolution Beauty defends counter-revolution after Boohoo’s shareholder revolt June 30, 2023 Revolution Beauty defended the unusual actions it took at its AGM this week, after it reinstated three members of its executive team who had been voted out by shareholders. The beauty company said its actions had been “firmly validated” by the stock market response, with its shares rising yesterday. Without taking the action it did, [...]
Thames Water and Ofwat face Westminster grilling over growing debt pressures June 30, 2023 MPs will grill Thames Water executives and market watchdog Ofwat amid growing concerns over the finances of the UK's largest water supplier.
House price growth faces ‘significant drag’ from rate rises but London remains ‘buoyant’ June 30, 2023 House price growth may face “significant drag” from high interest rates as fresh figures show they remained relatively stable in June despite yearly growth being negative. The latest Nationwide House Price Index show house prices remained broadly flat in June, but down 2.5 per cent compared to last year, owing in part to 13 successive [...]
British businesses most optimistic in over a year but London firms sweat over inflation June 30, 2023 British business optimism has climbed to its highest level in over a year despite consumers retreating in response to rising prices and the Bank of England’s aggressive interest rate rises, a survey out today reveals. UK business confidence climbed nine points to 37 per cent in June, taking it up to its highest level since [...]
As the Financial Services and Markets Act becomes law – here are the 5 things you need to know June 30, 2023 The Financial Services and Markets Bill received royal assent yesterday, securing the passage into law of the government’s landmark overhaul of financial services regulation. The government claims the reforms enable the UK to capitalise on ‘Brexit freedoms’, unlocking billions of pounds which could be directed to investment in the UK. In short, the act empowers [...]
Airlines getting off scot-free with no fines issued for decades, says Which June 30, 2023 Airlines are getting off scot-free from penalties with no fines having been issued due to regulatory action in two decades, according to the consumer group Which. Which said Britain’s aviation watchdog – the Civil Aviation Authority (CAA) – should be doing more to “name and shame” airlines, withdraw licences and pursue action “in the courts” [...]
