GSK snatches Julie Brown from Burberry’s top management September 24, 2022 GSK has reportedly snatched Burberry’s chief operating and financial officer Julie Brown. Sources told Sky News the £53bn pharmaceutical titan could appoint Brown as its chief financial officer as soon as Monday. The businesswoman in fact announced on Friday she would step down next year after six years at Burberry. Working alongside chief executive Dame [...]
UK motorists won’t make most of drop in oil prices due to weak pound September 24, 2022 Drivers will not make most of oil prices falling due to the pound’s ongoing drop against the dollar. Oil prices have dropped to the lowest since January following recession fears in the UK but, as Brent Crude is priced in dollars, any change in the exchange rate is automatically passed on to motorists. Data from [...]
Overseas travel to UK lags behind pre-Covid levels despite yearly boom September 24, 2022 Overseas travel to the UK has remained significantly behind pre-pandemic levels, despite a boom if compared to 2021 levels. This is largely due to countries around the world – including the UK and EU – scrapping Covid travel restrictions since the beginning of the year. Data from the Office for National Statistics showed on Friday [...]
Awaze owner hires Goldman Sachs and Morgan Stanley for £2bn sale September 24, 2022 Awaze’s owner Platinum Equity has reportedly hired Goldman Sachs and Morgan Stanley to oversee the rental business’s sale, which could be valued as high as £2bn. City sources told Sky News’ Mark Kleinman the banks are expected to initiate proceedings within the next year. This would lead to the company’s second ownership change in five [...]
Attention turns to Starmer as Labour conference kicks off tomorrow September 24, 2022 Attention has turned to Labour leader Sir Keir Starmer as the party’s annual conference kicks off tomorrow. Taking place in Liverpool from Sunday until Wednesday, the conference will provide an opportunity for Starmer to assert himself as the next prime minister. Supporters hope Starmer will use the meeting to mark the stark divide between his [...]
Treasury denies allegations of gambling with economy as pound falls below $1.10 September 24, 2022 The Treasury has denied allegations of gambling with the UK’s economy as the pound fell below $1.10 for the first time in almost 40 years following yesterday’s mini-budget. Paul Johnson, director of the Institute for Fiscal Studies, said Britain will go on an “unsustainable path” of borrowing following the reforms – the most radical in [...]
Which? calls for EV infrastructure improvement as drivers dissatisfied September 23, 2022 Consumer champion Which? has called on the government to urgently improve the UK’s electric vehicle (EV) charging infrastructure. This includes ensuring that the network is reliable on an average of 99 per cent of the time. According to a research published today, 74 per cent of EV owners are disappointed with public infrastructure, citing availability [...]
Outgoing TfL chief: No Khan split and Elizabeth Line a career highlight September 22, 2022 LONDON’S transport chief has moved to silence talk of a split with Mayor Sadiq Khan after he announced his departure from the top job. Conservative London Assembly transport spokesman Nick Rogers said the departure was a sign that Khan’s Mayoralty was “in chaos.” But Byford told City A.M. that Khan had been “extremely supportive” throughout [...]
RMT announces second day of rail strike for 8 October September 22, 2022 The union RMT has announced a second day of rail strike for 8 October. More than 40,000 workers at Network Rail and 15 other operators will walk out as part of the long-standing dispute over salaries, jobs and working conditions. Disruption will affect services on Chiltern Railways, Cross Country Trains, Greater Anglia, LNER, East Midlands [...]
Union launches collective grievance against Bolt over holiday pay September 22, 2022 The union GMB has launched a collective grievance on behalf of Bolt drivers over holiday pay. The union said it was seeking to secure “future and past of drivers’ earnings” when it comes to holiday pay, as the UK Supreme Court established an industry standard last year. “It’s a simple fact that Bolt owes drivers [...]
