Dennis Publishing ‘puts up for sale flagship title The Week’ June 6, 2021 Dennis Publishing has hired Liontree Advisors to oversee an auction of The Week, the publisher’s flagship news and current affairs magazine. The sale process only relates to The Week and does not include any other Dennis Publishing titles, which include AutoExpress, Minecraft World and Money Week among others, Sky News first reported. Analysts have reportedly [...]
City bankers would rather quit than move to European capitals following Brexit June 6, 2021 Bankers in the City of London are prepared to quit their jobs rather than move to other European cities following Brexit. A banker at JP Morgan told the Daily Mail that people were not willing to relocate abroad. “There have been problems – people don’t, and won’t, go to Frankfurt or Paris,” they said. “It’s [...]
Thousands of workers return to offices following restrictions easing June 6, 2021 Thousands of workers have returned to offices in towns and cities across the UK following the easing of lockdown restrictions. Visits to UK city centres are up 58 per cent since January, according to new data from IWG, which operates office and flexible working space. The number of employees visiting an IWG space increased by [...]
Anglo American South African coal mines are ‘worthless’ says researcher in scathing attack June 6, 2021 Anglo American’s South African coal mines are “worthless,” according researcher Boatman Capital, which published a 39-page dossier on the company that also accused the mining giant of greenwashing. The dossier alleges clean-up costs for Thungela Resources could be three-times greater than the amounts currently disclosed to investors, the Telegraph reported. Anglo American will demerge with [...]
Klarna likely to choose US over London for stock market listing June 6, 2021 Sebastian Siemiatkowski, boss of pay now, pay later business Klarna, has said the firm is likely to choose the US over London for its stock market debut. In an interview with The Sunday Times, Siemiatkowski said: “It’s more likely that Klarna will list in the US. “The majority of my investors would say that’s where [...]
London sees record rise in permanent jobs as the capital re-opens for business June 4, 2021 The number of permanent available jobs was at a record high in London last month, marking an improved confidence among businesses as coronavirus restrictions in the capital ease. Recruitment consultancies in London indicated a third successive rise in permanent placement during May, as firms stepped up hiring in response to an easing of lockdown measures, [...]
Online spending continues to drive retail sales despite shops open for business June 4, 2021 Online spending grew yet again last month, despite the high street being open for business, suggesting some consumer behaviours adopted during the lockdowns are here to stay. Total online spending rose nearly 10 per cent in May versus the same time last year, according to BDO’s High Street Sales Tracker, despite physical shops being open [...]
Mullins in private equity talks that could value Pimlico Plumbers at £100m June 3, 2021 Pimlico Plumbers boss Charlie Mullins is in talks to sell off part of his company, in a move that could value the business at £100m. Mullins is in talks with private equity firms about a deal, and has hired Cavendish Corporate Finance to advise on the sale, Bloomberg first reported. It is understood a number [...]
More than half of UK adults have now received two vaccine doses June 3, 2021 More than half of all adults in the UK have now received two doses of the Covid vaccine as the rollout continues with pace. The milestone follows yesterday’s news that more than three-quarters of adults have had their first jab. “Over half of UK adults have now been fully vaccinated and have maximum protection against [...]
Tesco staff win legal argument against employer in European Court of Justice June 3, 2021 Thousands of current and ex-Tesco workers won a legal argument in the European Court of Justice today, in a fight they argue centres on equal pay. The court today ruled that employees working in stores can compare their roles to colleagues working in distribution centres for the purpose of equal pay. Mostly female supermarket shop [...]
