The City View: As we close the door on the CBI – it’s time to ask what’s next April 24, 2023 An inordinate amount of ink has been employed discussing the future of the CBI. At the heart of it is a question; if not them, whom? There is no question that medium to large businesses wish for a collective voice; regrettable though it may be, too many CEOs are wary to put their head above [...]
Ex-Asda boss secures rescue deal of upmarket online butcher April 24, 2023 The former boss of supermarket Asda has led a rescue of an upmarket online butcher that counts the likes of Harrods and Fortnum & Mason among its customers. Andy Clarke – who was chief executive of Asda from 2010 until 2016 – headed up a group of investors to buy Farmison & Co, which collapsed [...]
Lidl: Big on expansion with plans to open over 200 more stores across London April 24, 2023 Lidl said it was planning to open a further 200 stores across London as soaring food costs continued to drive demand for discount supermarkets. This morning Lidl released its list of priority locations for new stores across London and the wider UK, with some 247 locations across the capital highlighted as potential sites. Lidl, which [...]
Roaring into action: Lion link between UK and Netherlands set to power 1.8m homes April 24, 2023 A new power line between UK and the Netherlands will deliver enough electricity to “power more homes than Manchester and Birmingham.
‘Abandoned’: UK citizens trapped in Sudan concerned as Government has ‘severely limited’ ability to help April 24, 2023 British nationals trapped in Sudan have said they feel “abandoned” by the UK Government as the Foreign Secretary warned that help will remain “severely limited” until a ceasefire is reached. James Cleverly has faced questions about why British diplomats had been prioritised over other UK citizens following a night-time evacuation mission to rescue embassy staff [...]
Credit Suisse: Final results reveal impact of crisis as bank haemorrhages over £55bn assets, and counting April 24, 2023 In the quarter in which it was taken over by rival UBS, Credit Suisse reported outflows of CHF61.2bn (£55.3bn) with clients and customers pulling funds as fear over the stability of the ailing lender grew. These “significant” outflows were concentrated in the second half of March, the bank said, and while they have “moderated”, they [...]
Emergency alert: Review to probe why some phones did NOT buzz as Three customers left out April 24, 2023 A review will be conducted to find out why some mobile phones did not receive the test of a new national emergency alert system on Sunday. The cabinet office said the “vast majority of compatible phones” received the alert as part of what was said to be the biggest public communications exercise carried out in [...]
London Marathon: 45 Guinness World Records smashed including for runners dressed as a boxer and 3D dinosaur April 24, 2023 Tens of thousands of people braved the pouring rain to complete what is likely to have been the largest London Marathon in history and which also saw a new top time in the men’s elite race. Some 49,675 runners registered for this year’s race, up from the previous record of 43,199 in 2019 – and around 48,000 [...]
Standard Chartered, Barclays, Natwest kick off UK bank earnings this week with interest income back in focus April 24, 2023 Profit looks set to increase at the UK’s largest lenders as they line up to report first quarter earnings over the coming two weeks. The FTSE banking giants have seen relative stability over the last few weeks following the extreme volatility in March, but this stability means investors will refocus their attention on other major [...]
Recession jitters drive FTSE chiefs out of the top job April 24, 2023 Chiefs of the UK’s top companies have been exiting their roles at a doubly quick pace over the last year, driven by boards trying to insulate their firms from the economy being whacked by rising prices and interest rate hikes with a change in leadership, a new study out today shows. Some 38 chief executives [...]
