Immigration minister Jenrick denies abandoning briefcase on train July 31, 2023 Immigration minister Robert Jenrick is facing claims that he left his ministerial briefcase unattended on a train. The Sun newspaper reported that witnesses had seen the Home Office minister leave his red box unattended for at least four minutes. A spokesman for the minister strongly denied any suggestion that the politician had abandoned the box. [...]
Yorkshire fined £400,000 and hit with points deductions over racism scandal July 28, 2023 Yorkshire have been hit with points deductions in two formats and fined £400,000 over the racism scandal linked to their former player Azeem Rafiq. A Cricket Discipline Commission panel said £300,000 of the fine imposed had been suspended for a period of two years. The club have also immediately been docked 48 points from their [...]
Urgent appeal after child’s ashes left in back of black cab in the City July 28, 2023 An urgent appeal has been launched after an urn with children’s ashes in it was left in the back of a Black Cab in the Square Mile. The City of London Police is facilitating the plea to reunite the item with its owner, after it was left during a journey in the City in [...]
UK lost 6,000 store fronts due to covid and ‘crippling’ business rates July 28, 2023 Britain has lost 6,000 storefronts in five years amid Covid and cost-of-living pressures and “crippling” business rates, according to figures. The overall vacancy rate increased to 13.9 per cent across Britain in the second quarter of this year, a 0.1 percentage point drop on the first quarter but 0.1 points up on the same period [...]
Ocado Solutions: Grocery giant’s tech solutions division chief is retiring July 27, 2023 The chief of Ocado’s technology solutions division will retire in September, leaving a new man at the top of the occasionally embattled firm’s most vital division. Luke Jensen will quit the role of executive director and CEO of Ocado Solutions, with John Martin, currently a non-executive director, made the new chief executive. This comes as [...]
GSK: British drugmaker raises profit and sales guidance after earnings beat expectations July 26, 2023 GSK raised its full-year profit and sales guidance on Wednesday after its second-quarter earnings beat expectations, helped by strong sales of its shingles vaccine Shingrix and HIV medicines. The strong results may further help revive investor confidence in CEO Emma Walmsley, coming a year after the company spun off its consumer health business, Haleon, in its most [...]
City of London approves new £600m skyscraper with 360 degree roof platform July 25, 2023 The Square Mile will get a shiny new skyscraper by the end of the decade, following planning approval from the City of London Corporation. At 284m, the new skyscraper at 55 Bishopsgate will be one of the tallest buildings in Europe and the third biggest in the City, behind 1 Undershaft scheme (305m) and 22 [...]
Share buyback on the way at Wickes as it puts post-pandemic lull behind it July 25, 2023 An “encouraging” first half of the year for home improvement retailer Wickes has led the company to launch a share buyback scheme The DIY and garden centre firm reported sales growth of three per cent in the second quarter of the year, and 0.7 per cent in the first half overall. Following its positive results [...]
S4 Capital shares plummett almost 20 per cent after Sir Martin Sorrell’s firm hit by tech slowdown July 24, 2023 Sir Martin Sorrell’s digital marketing giant S4 Capital provided a disappointing update for the second quarter, as its shares plummeted off the back of a tech slowdown. The company said its net revenue was below budget in the last few months due to the economic climate, with the technology sector hit particularly hard. Following the [...]
Zillah’s back: M&C Saatchi boss MacLennan to retire with ex-Future boss taking interim charge July 24, 2023 M&C Saatchi’s long-term chief executive Moray MacLennan will retire from the role after nearly three decades at the helm. The veteran, who was part of its founding team in 1995, will be replaced by chair and former Future CEO Zillah Byng-Thorne in the interim, until a permanent decision is made. Following the announcement this morning, [...]
