Pret hikes price of coffee subscription in wake of soaring inflation April 26, 2023 Pret-A-Manger has revealed that it is increasing the price of its subscription service by £5 in the wake of soaring inflation. The London-born coffee chain said that the price of its ‘Club Pret’ loyalty service is rising from £25 to £30, however, fans of the cafe will now also receive a 10 per cent discount [...]
UK workers clocked zero productivity growth in last year continuing long trend of sluggishness April 26, 2023 British workers clocked no improvement in the amount of goods and services they can produce per hour over the last year, official statistics released today show. According to the Office for National Statistics (ONS), output per hour worked in the three months to December last year was no different compared to the same period in [...]
US Bitcoin Policy Summit: It’s time for the US to embrace crypto April 26, 2023 Ahead of the US Bitcoin Policy Summit, Nigel Green sets out some ideas for senators and congressional leaders to consider.
PMQs Sketch: Rishi and all his (non) Doms April 26, 2023 If you were to traipse through Rishi Sunak’s nightmares for a night or two, it would be a series of Doms coming and going.
New CBI boss determined to rebuild group and ‘win back trust’ after sexual misconduct scandal April 26, 2023 The new boss of the CBI has pledged to “rebuild and reimagine” the crisis-hit organisation and “win back trust” as the group continues to deal with an ongoing sexual misconduct scandal. Rain Newton-Smith, the new director-general of the Confederation of British Industry (CBI), today apologised to the women who made allegations of sexual harassment, assault [...]
Scottish Power owner Iberdrola posts £1.32bn profit powered by renewables April 26, 2023 Scottish Power's parent company Iberdrola has posted robust first quarter profit of £1.32bn, a 40 per cent hike on the £940m earnings it posted for the same three months last year.
Microsoft’s £55bn acquisition of Call of Duty games creator blocked by UK’s competition authority April 26, 2023 Microsoft has had its $68.7bn (£55bn) acquisition of Activision Blizzard blocked by the Competition and Markets Authority (CMA), the regulator confirmed on Wednesday. The CMA blocked the deal over concerns it would lessen competition in the UK cloud gaming market by giving Microsoft it control over where Activision games are available. “Cloud gaming needs a [...]
Sir Win Bischoff ‘was a giant of our industry’ JP Morgan chief Jamie Dimon says after City grandee dies aged 81 April 26, 2023 Heartfelt tributes have been paid to City grandee Sir Win Bischoff who has died at the age of 81 following a short illness. The German-born banking boss who had top roles at Schroders, chair of Lloyds Banking Group and Citigroup, as well as JP Morgan, enjoyed a 50-year career in both the City and Wall [...]
John Lewis boss vows to keep employee-owned retailer ‘unique’ April 26, 2023 Dame Sharon White has vowed to preserve what makes the John Lewis Partnership “unique,” as the chief of the struggling retail chain outlines how the company plans to navigate the cost of living crisis and retain its customer base. Dame Sharon told The Telegraph retailers were continuing to see the “effects of the pandemic” and [...]
Man Group records $1bn net inflows as investors jitters ease April 26, 2023 Hedge fund Man Group notched more than $1bn of net flows into its funds in the first three months of the year and bumped up its assets under management as investors edged back into the market after a turbulent 12 months.
