Capita warns of £20m hit from cyber attack May 10, 2023 A cyber attack against outsourcing firm Capita which saw personal information leaked onto the dark web is likely to cost £15-20m to resolve, the firm revealed this morning.
Morning in the City: News and market updates, live May 10, 2023 Good morning and welcome to City A.M.’s morning liveblog.
UK businesses turn to temp staff amid recession worries May 10, 2023 UK businesses are turning to part-time staff to avoid locking into long-term contracts for fear of being dragged down by the economic slump, a new survey out today shows. Demand for temporary staff is running much higher than for full-time workers, according to consultancy KPMG and the Recruitment and Employment Confederation (REC). The pair’s permanent [...]
Government permits ‘long lorries’ on British roads – but are they safe? May 10, 2023 The Department for Transport (DfT) has today announced legislation permitting ‘long lorries’ to be rolled out on UK roads, estimating a £1.4bn boost to the economy as a result. The new laws will allow longer semi-trailers (LSTs) of up to 18.55 metres on British roads, over two metres more than the standard size, from 31 [...]
Lamborghini celebrates 60 years with record gathering at Silverstone May 10, 2023 An incredible 382 cars assembled to mark Lamborghini's 60th anniversary. The event also hosted the British debut of the new Revuelto.
UK risks dropping green energy lead by failing to respond to Biden’s $400bn package, Johnson Matthey chief warns May 10, 2023 The head of one of Britain’s largest manufacturers has warned Prime Minister Rishi Sunak that he risks squandering the country’s lead in clean energy production by failing to respond to US President Joe Biden’s $400bn (£317bn) green stimulus package. Liam Condon, chief executive of Johnson Matthey, told Sky News it has intellectual property which could [...]
Can regulators get the City growing? It will be hard to tell, lawyers warn May 10, 2023 The government may run into trouble as it looks to gauge the impact of City regulators in boosting the growth and international standing of the UK’s financial sector, top lawyers have warned.
Productivity gains won’t win elections, but they will secure growth for decades May 10, 2023 We used to lead the world in productivity, and now we lag behind. We need to invest more to be productive. It might not be the most exciting political slogan, but it will pay off, writes Josh Williams
Even if you do buy a home, the pestilence of service charges could make it unaffordable May 10, 2023 Tenants and leaseholders have been paying thousands of pounds of overcharge for the services provided by their housing associations because of a lack of oversight and accountability, writes Elena Siniscalco
Scandal-stricken Home REIT set to appoint property giant as new investment manager May 10, 2023 Embattled social housing investor Home REIT is set to appoint property giant AEW as its new investment manager as it looks to move on from a string of scandals over the past seven months, City A.M. has learned.
