Elizabeth Line: Workers to walk out later this month on London’s most popular route May 9, 2023 Elizabeth Line workers will strike on Wednesday 24 May in what is the latest industrial action to hit London’s most popular line. The action brought by members of the Transport Salaried Staffs’ Association (TSSA) union announced today, is part of an ongoing pay dispute between operational staff, such as traffic and response managers, and TfL. [...]
Thames Water boss to forgo bonuses as dividend scrutiny on suppliers intensifies May 9, 2023 The boss of Thames Water will forgo performance related pay this year, with the supplier's turnaround plans still behind schedule.
Pearson integration of AI appears to excite investors as share price rises May 9, 2023 Educational publisher Pearson is embedding AI across its products as the AI race heats up and the technology encroaches on the edtech sector. The London-based publisher said on Tuesday that projects to embed generative artificial intelligence (AI) technology — meaning tools which can create new content from large data sets — were already “well underway.” [...]
Civitas agrees to ‘undervalued’ £485m takeover following wave of criticism from press and shortseller May 9, 2023 London-listed social housing investor Civitas revealed it had struck an “undervalued” deal to sell itself to a Hong Kong property giant today as it looks to escape a barrage of criticism from short sellers and the media.
LinkedIn latest tech giant to axe jobs blaming ‘drop in demand’ May 9, 2023 LinkedIn is culling over 700 jobs and closing its local app in China, blaming a slump in consumer demand and turbulent market conditions. In an email to LinkedIn employees, Ryan Roslanksy, LinkedIn chief executive. said the changes would be made in order to shake up the business, which is being hit by slower revenue growth. [...]
Price of Bitcoin slips as other cryptocurrencies follow suit May 9, 2023 The price of Bitcoin fell below $28,000 over the weekend and was trading around $27,600 this morning as the markets turn 'neutral'.
Suncor Energy’s profits beats estimates on strong demand and tight supplies May 9, 2023 Suncor Energy has reported better-than-expected first-quarter profits, helped by steady demand for energy amid crimped global supplies.
Direct Line faces ‘bumpy road ahead’ as motor claims soar May 9, 2023 Direct Line warned that rising motor claims would put pressure on earnings today, as it published its first quarter results. The company reported a 9.7 per cent rise in first-quarter underlying gross written premiums to £805.7m. The insurer warned its motor segment would continue to “put pressure” on earnings, as damage related claims tick higher [...]
Tesco chairman accused of inappropriate behaviour, Guardian reports May 9, 2023 The Tesco chairman John Allan has been accused of alleged inappropriate behaviour relating to four women, according to reports in the Guardian. Allan, the newspaper claims, allegedly touched the bottom of a senior female Tesco staff member in June 2022, at the firm’s annual general meeting (AGM). He also allegedly touched the bottom of a [...]
Sorry about the takeover, but welcome to the board: Suisse boss to join UBS top team May 9, 2023 Credit Suisse’s boss will join the board of UBS after it closes its rescue takeover of the Swiss banking rival. It is part of a major leadership reshuffle two months after the Government-led rescue takeover of Credit Suisse in a 3.25 billion US dollar (£2.64 billion) deal by UBS. Ulrich Korner, who joined Credit Suisse [...]
