‘Hunt failed firms’: Warning of bleak outlook as businesses face 85 per cent drop in energy bill support – BCC March 31, 2023 Business leaders are stepping up warnings that firms will struggle to pay energy bills when a government relief scheme ends on Saturday.
Explainer: UK house prices and their swift fall March 31, 2023 House prices in the UK have fallen at their fastest yearly pace since 2009. The price of an average property fell 3.1 per cent from a year ago, according to the Nationwide Building Society. The average house price in March was £257,122. The figures show prices falling also on a monthly basis, for the seventh [...]
Four day week, recession fears, Brexit and banking: The top five business news stories on City A.M. March 31, 2023 This week started off with markets trying to settle themselves after the chaos in the banking sector, so attention turned to work itself and the idea of a four-day week made for one of the most read stories online. Along with that story here are the four others that were the top five read business [...]
Down to earth for Branson’s Virgin Orbit satellite firm as funding dries up and 85 per cent of staff are cut March 31, 2023 Sir Richard Branson’s satellite launch firm Virgin Orbit is to cut 675 jobs – about 85% of its workforce – after failing to secure new funding. The entrepreneur has said he will inject almost £9 million to go towards severance costs. It comes amid reports from the Financial Times that Virgin Orbit’s chief executive Dan [...]
Heathrow operating ‘as usual’ despite 1,400 staff on strike for Easter weekend getaway March 31, 2023 Heathrow said the airport was operating as usual on Friday despite a strike by security guards in a dispute over pay. Around 1,400 members of Unite will be on strike for 10 days, covering much of the busy Easter weekend, after last-ditch talks broke down on Thursday evening. Picket lines were mounted outside the airport [...]
Michael Saylor is leading the charge again as institutions are piling into Bitcoin March 31, 2023 Nigel Green applauds the big players who are not only bringing their huge reserves to crypto, but also expertise and reputation.
AI in our financial services: Already Impacting March 31, 2023 With the age of AI dawning, Lord Holmes says we have an important role to play in changing the game for the benefit all.
Is the future of banking online only? NatWest and Lloyds to axe 81 branches, taking this year’s total to 213. Here’s a list of closures: March 31, 2023 Two of the UK’s biggest banking groups have announced plans to make big cuts to their branch networks this year, cutting more than 80 sites from around the country. Lloyds Group and NatWest Group have said that the sites in England, Scotland, Wales and the Isle of Man will close between July and November this [...]
Amazon: More than 500 workers to walk out mid April in pay dispute March 31, 2023 Amazon workers are to stage fresh strikes in an escalation of a dispute over pay. The GMB union said more than 500 of its members at the online giant’s site in Coventry will walk out for three days from April 16 and again from April 21-23. The six days of action follow a series of [...]
Advantage Putin? Wimbledon U-turns to let Russia and Belarus stars like Sabalenka and Medvedev compete March 31, 2023 Russian and Belarusian players will be allowed to compete at Wimbledon this year, the All England Club has announced. Athletes from the two countries must sign declarations of neutrality and must not express support for Russia’s invasion of Ukraine, while players who receive funding from the Russian or Belarusian states, including sponsorship from state owned [...]
