Turkey prices cut by Tesco ahead of Christmas December 19, 2022 While Brits decide what their favourite cut of Turkey is, Tesco has cut its prices for fresh bird to ease cost of living pressures. The supermarket has launched its Christmas initiative for loyal customers, giving club card holders prices of £4 per kilo, down from £5/kg. Turkey crowns will also be down to £8.50 per [...]
Gov stumps up £60m to cap bus fares at £2 with 130 operators signing up December 19, 2022 A new £60m government fare cap scheme will be rolled out next year ensuring bus tickets stay at £2. The initiative has the backing of 130 bus operators across the country including National Express and Stagecoach, who have agreed to charge no more than £2 for singles. The ‘Get Around’ scheme is designed to help [...]
Taylor Wimpey chair Irene Dorner to step down December 16, 2022 The chair of Taylor Wimpey’s board has stepped down for family reasons. Irene Dorner will quit in April 2023 at the end of its AGM with Robert Noel taking over the role, currently a senior independent director. She will stay on the board in a non executive role. Lord Jitesh Gadhia, who led the search [...]
BT to merge global and business units into one firm with earning potential of £8.5bn December 16, 2022 BT is combining two of its units into a single business which will have a revenue of about £8.5bn a year. The telecoms giant will merge its Global and Enterprise wings into a one organisation called BT Business, focusing on B2B relations. BT Enterprise has a market share of 30 per cent, providing firms and [...]
Square Mile goes green: Landmarks including Tower Bridge to be powered from UK solar farm December 16, 2022 Square Mile landmarks including Tower Bridge, and the Barbican Centre will be powered with renewable energy from a Dorset farm, it has been revealed The initiative which also includes , Hampstead Heath, Guildhall, Smithfield Market and the Old Bailey, will harness solar power through a £40m deal signed in 2020. Energy provider Voltalia has sold its electricity produced [...]
Simpson’s saved? Historic City chophouse granted status as asset of value December 15, 2022 The City of London has decided to designate Simpson’s Tavern – the historic City bar and restaurant threatened with closure – as an asset of community value at a meeting this afternoon. The historic eatery was designated an Asset of Community Value by the City of London Corporation’s Policy and Resources Committee unanimously – taking [...]
City chamber of commerce launched to help Square Mile firms navigate challenges December 15, 2022 The City’s chamber of commerce has launched a new body dedicated to supporting business within the Square Mile. London Chamber of Commerce and Industry announced the creation of the City of London Chamber this week. It will be a forum for firms of all sectors to convene and and discuss ideas, from the biggest banks [...]
Lloyds swoops in for ING’s tech leader as its new COO December 15, 2022 Lloyds has swooped in for the top brass at ING as the lender announces a Ron van Kemenade as its new Chief Operating Officer (COO). He will join next year from ING where was chief technology officer and a member of its executive committee. Charlie Nunn, CEO at Lloyds Banking Group, said: “This is a [...]
Police called as two protestors scale Home Office building December 15, 2022 Two protestors have scaled the Home Office building in central London. The Metropolitan Police announced they were called just before 6.30am to reports of the disturbance. It confirmed to City A.M. protestors were from the Animal Justice group. This comes after at least four migrants died in the English Channel yesterday amid criticism of the [...]
I’m A Celeb and Qatar World Cup rescue Scotland broadcaster STV’s ad revenue dip December 15, 2022 Scotland’s premier TV station STV had a slight dip in advertising revenue from 2021’s record year, but it’s still up on pre-pandemic. The broadcaster said its intake from ads was only two per cent down on last year, and eight per cent up on 2019. its total ad revenue was three per cent down in [...]
