Me? A Bank CEO?: First Direct’s boss on his unusual route to the top February 7, 2023 CEO of First Direct Chris Pitt speaks with City A.M.’s Editor Andy Silvester about his unusual route to the top of the bank and setting his sights on even loftier ambitions for Britain’s young people First Direct boss Chris Pitt and I are walking down towards City A.M.’s offices near Monument. It’s a walk down [...]
‘Guilt-free flying within our reach’ but still ‘decades away’ as government commits £113m to net-zero travel tech February 7, 2023 Guilt-free net-zero flying is within our reach according to the government, as ministers invest £113m in new net-zero technology. The DfT and BEIS have announced funding for aerospace companies such as Rolls-Royce and Bristol-based Vertical Aerospace to develop cutting-edge technologies, such as flying taxis and hydrogen-fuelled planes. Rolls-Royce will receive almost £83m to develop liquid [...]
OPINION: The public must be correctly informed over Hunt’s roadmap for a CBDC or face the prospect of ‘SpyCoin’ February 7, 2023 Susie Violet Ward takes a dim view of the Bank of England's plans for a 'digital pound' - a CBDC she brands as 'programmable money'.
Tesco versus Lidl: Two of UK’s largest supermarkets go to court over use of yellow logo February 7, 2023 Supermarkets Tesco and Lidl have begun a High Court fight over the use of a yellow circle logo. German discount chain Lidl says a trademark, and copyright, has been infringed, while Tesco has made a counterclaim. Lidl uses a yellow circle in its main logo, and Tesco uses one to highlight offers available to members [...]
BP scales back climate ambitions as outcry over £23bn earnings ignites call for tougher windfall tax February 7, 2023 BP has scaled back its climate ambitions, easing plans to slash the amount of oil and gas it produces to meet global demand.
Rail travel: Government halving the cost of single LNER fares in a move that will ‘unleash more competition, innovation and growth’ February 7, 2023 The government is set to halve the cost of single rail fares across the wider LNER rail network, as part of its plan to reform the UK’s railways. Transport secretary Mark Harper will announce an extension of single-leg pricing beyond the few LNER services that have trialled the ticketing system since 2020. The move will [...]
David Carrick: Rapist Met Police officer sentenced to life in jail February 7, 2023 Rapist Metropolitan Police officer David Carrick will serve at least 30 years behind bars for attacking a dozen women over a 17-year period. In a two-day sentencing hearing, Southwark Crown Court heard how the 48-year-old “monster” used his power and control to carry out a “catalogue of violent and brutal” sex attacks between 2003 and [...]
Iceland shrugs off loss of credit insurance cover saying it is ‘incredibly well positioned’ and expects to reinstate the policy soon February 7, 2023 According to reports first published in The Sunday Times, the French insurer slashed cover for the discount grocer in December - following a similar move by Allianz and Atradidus.
Nintendo vows to ‘energise’ its Switch console offering following £200m cut to full-year forecast February 7, 2023 Nintendo has cut its full year forecast blaming a drop off in demand for its Switch console. The Japanese company has dimmed its full-year forecasts to a net profit of 370bn yen (£2.3bn) for the year ending 31 March, down from 400bn yen (£2.5bn) predicted last November. In the trading update, the video games manufacturer [...]
Boeing to axe 2,000 finance and HR jobs to ‘simplify corporate structure’ February 7, 2023 Boeing expects to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs. Last month, the Arlington, Virginia-based plane maker announced plans to hire 10,000 workers in 2023 – having hired 15,000 staff the previous year – but said some support positions would be cut. The company confirmed a [...]
