Burberry hopes to be back in fashion thanks to China reopening May 15, 2023 Luxury retailer Burberry could prove its buyers have been sheltered from cost-of-living pressures when it unveils its full-year financial results on Thursday. The historic British brand, which has benefitted from the reopening of the Chinese economy this year, is expected to show a jump in profits and sales for the year ending in March. The [...]
Banks set to ramp up lending as UK economy dodges recession May 15, 2023 Banks are expected to ramp up their lending this year as the UK economy dodges the gloomiest recession predictions and the housing markets shows signs of some revival, according to a panel of top economists. Total UK bank loans are now expected to rise 1.2 per cent this year, a net increase of £29bn, upgraded [...]
Braverman’s fight with the Lords over migration laws is unconstitutional May 15, 2023 Suella Braverman is trying to delegitimise the House of Lords' efforts to amend her migration laws, saying the Lords have to respect the will of the British people. This strategy is dangerous, writes Eliot Wilson
Productive relations with the EU are a win-win for the City and the UK as a whole May 15, 2023 The City can only benefit from improved relations between the UK and the EU. As the leading financial centre, the Square Mile should push for even stronger cooperation with EU partners, writes Chris Hayward
Prevention is the last chance left to save the NHS from an inevitable death spiral May 15, 2023 As NHS waiting lists reach a record high, we should seriously invest into prevention - so we can save lives, free up hospital beds and ultimately save money for the health service, writes Hamish Grierson
M&G calls bosses back into the office – and they can’t be TWaTs about it May 14, 2023 Investment firm M&G has called on its managers to get back in the office for three days a week in a bid to boost the morale and development of its junior staff - but they won't be allowed to simply swan in on Tuesdays, Wednesdays and Thursdays.
Net migration set for record high as Tories brace for backlash May 14, 2023 Net migration figures into the UK are reportedly set to reach a record high of up to one million with the Conservative party bracing for criticism over the issue. Official figures are expected to be released later in May, with net migration expected to be 650,000 to 997,000 – far higher than the previous record [...]
Gatwick Airport grounds flights and shuts runway amid drone reports May 14, 2023 Incoming flights were suspended at Gatwick Airport for nearly an hour after reports of a drone near the airfield. It said 12 incoming flights had to be diverted to other airports because of the alert on Sunday. The airport previously cancelled or diverted around 1,000 flights between December 19-21 2018 because of drone reports. No [...]
Wagamama owner TRG under new pressure from investors ahead of AGM May 14, 2023 The Restaurant Group has come under renewed pressure from investors as Coltrane Asset Management called for change at the company after building a 3 per cent stake in the firm. The New-york based activist investor told The Sunday Times that it backed proposals by another investor, Oasis Management, for the group to sell off its [...]
Keir Starmer to ‘look at’ voting rights for EU citizens and 16-17 year olds May 14, 2023 Labour leader Sir Keir Starmer will “look at” expanding the franchise to EU citizens living in the UK and lowering the voting age to 16, a party frontbencher has confirmed. Shadow business secretary Jonathan Reynolds has said the proposals are “something we will look at”, amid reports over Labour being keen to bring in the [...]
