Former airport chair takes aim at Willie Walsh Travel chaos The war of words enveloping the entire aviation industry descended further still this weekend after a former Heathrow chair and City grandee said former British Airways (BA) boss and now trade body chief Willie Walsh had “trashed a great brand and created a company that is a byword for poor service”. Sir Nigel Rudd accused [...]
Campaigners warn childcare costs holding back careers in the City and beyond DIVERSITY DRIVE CAMPAIGNERS have warned “uniquely high” childcare costs are holding back not just the City’s diversity drive but economic growth. A new study by union the TUC suggests the average nursery bill for a family with a toddler was just shy of £5,000 in 2010 but has grown to more than £7,000 just a dozen years [...]
Businesses warn inflation and supply chain crisis could be worse than impact of Covid-19 NEW DATA THE BUSINESSES at the backbone of the UK economy are increasingly worried inflation and supply chain issues will be more damaging to their prospects than the Covid-19 pandemic was, according to a closely watched sentiment tracker. Accountants BDO’s survey of medium-sized businesses suggests economic headwinds are squeezing both margins and wages – with tax hikes [...]
Capacity restrictions at Heathrow to ease ‘dangerous’ overcrowding amid cancellations June 5, 2022 HEATHROW airport has asked airlines to reduce the number of peak-time passengers at the airport by a third to alleviate “dangerous levels of congestion” at various choke-points across the airport. The move comes amid unprecedented levels of chaos to Britain’s airports, with dozens of flights cancelled in recent days due to staff shortages and logistical [...]
Peltz readies for battle at Unilever as Trian boss looks hard at headcount June 5, 2022 Famed activist investor Nelson Peltz appears set for another corporate battle at Unilever after describing huge corporate headcounts as an 'L'.
Barclays suspend Chelsea FC bank account: Reports March 11, 2022 Barclays has temporarily suspended Chelsea FC’s bank account as it assesses the impact of sanctions, according to multiple reports. The club’s owner Roman Abramovich was placed on the UK’s sanctions list yesterday morning over his links to Vladimir Putin and his part-ownership in a firm allegedly linked to the production of Russian military equipment. The [...]
Abramovich hands over “stewardship” of Chelsea FC amid Ukraine war February 26, 2022 Roman Abramovich has handed over control of Chelsea FC to the trustees of the club’s charitable foundation. The move comes amid unprecedented pressure on those with ties to Vladimir Putin after the Russian President’s invasion of Ukraine. In a statement on the football club’s website, Abramovich wrote: “I have always taken decisions with the Club’s [...]
Podcast: Russia, Ukraine, and the markets February 24, 2022 Andy Silvester, Jack Barnett and Nicholas Earl discuss the impact of Russia’s invasion on Ukraine on the economy and the markets.
The City View with Susannah Streeter and Michael Hewson February 8, 2022 Andy is joined by CMC Markets’ Michael Hewson and Hargreaves Lansdown’s Susannah Streeter to discuss the latest economic developments
The City View: The headlines and the latest from Westminster February 7, 2022 Andy Silvester whistles through the headlines in the Square Mile and asks City A.M.’s Chief Political Correspondent Stefan Boscia whether Boris Johnson’s reset will work.
