Barclays follows Citi, Goldman and Morgan Stanley in cutting 100 investment bank jobs despite rate hike profits April 17, 2023 Barclays will follow Citi, Goldman Sachs and Morgan Stanley in cutting more than 100 investment banking jobs, according to Sky News’ Mark Kleinman. The London-based bank is set to axe the jobs following the industry slowdown in deals and IPOs. The layoffs will be spread across multiple countries and across divisions in the bank, it was [...]
Twitter: Elon Musk launches new long-form platform allowing 10,000 characters April 14, 2023 Twitter has launched a new platform to support writers move from micro-blogging to longer-form pieces, with posts of 10,000 characters permitted. The Elon Musk-owned social media giant announced the launch of Twitter Write on Friday, offering “improvements to the writing and reading experience” for users. “Starting today, Twitter now supports Tweets up to 10,000 characters [...]
London Underground hit by delays with lines disrupted by signal problems, faulty trains and even a fire April 14, 2023 London Underground was crippled by delays this morning with almost all lines affected by some kind of disruption due to signal failures and even a fire. There are currently severe delays on the Metropolitan Line, Circle Line and Hammersmith and City Line due to a faulty train at Baker Street. Anyone trying to get into [...]
Tesco hit by inflation and supermarket war with Aldi and Lidl as profit down almost seven per cent April 13, 2023 Tesco, Britain’s biggest supermarket, was hit hard by consumers tightening their belts during the cost of living crisis, as it reported its operating profit was down almost seven per cent on last year. The London-listed chain said its profit was £2,6bn for the year to the end of February which was down 6.9 per cent [...]
The host with the most: Airbnb’s Catherine Powell on surviving the pandemic, disciplined decision making and playing by the rules April 5, 2023 When Catherine Powell made the jump from the magic of Disney to Airbnb in January 2020, she couldn’t have predicted the nightmare of a global pandemic for the travel and tourism industry. But just three months after she joined as head of experiences she was thrown in at the deep end. “The pandemic hit and [...]
Now you can Tweet again from the tube as Vodafone reintroduces wifi on the London Underground April 3, 2023 London commuters on Vodafone will be able to stay online for longer, as the network announces wifi it has been reintroduced to the Underground system. Vodafone’s 4G and 5G networks will once more be available on London Underground connected to the BAI Communications service platform, in response to a rise in demand for connectivity, according [...]
London will NOT be next: Paris bans e-scooters after mini referendum April 3, 2023 Parisians have overwhelmingly voted to banish for-hire e-scooters from the streets of the French capital, in a mini-referendum the mayor said sent a “very clear message”. Approximately 15,000 e-scooters could now vanish from central Paris at the end of August when the city’s contracts with the three operators expire. In Paris, the question that City [...]
Mass bank branch closures making life for retired Brits ‘really difficult’ as Age UK calls for regulation and law changes March 31, 2023 A leading charity for older people has criticised the latest tranche of bank branch closures, saying it is making banking “really difficult.” The head of Age UK responded to news today that Lloyds and NatWest groups would be shutting a further 81 branches this year. She urged the government to introduce regulation to compel banks [...]
Is the future of banking online only? NatWest and Lloyds to axe 81 branches, taking this year’s total to 213. Here’s a list of closures: March 31, 2023 Two of the UK’s biggest banking groups have announced plans to make big cuts to their branch networks this year, cutting more than 80 sites from around the country. Lloyds Group and NatWest Group have said that the sites in England, Scotland, Wales and the Isle of Man will close between July and November this [...]
Your City guide to this year’s must have chocolate Easter eggs: From exploding candy to hot cross bun flavoured treats March 31, 2023 We’ve nibbled, munched and even crunched some of this year’s chocolate Easter egg offerings, and we even tried a donut-egg; you’ll have to read on to find out how that fared. Here’s our review of the best and the worst Easter eggs you can buy this year; we’ve included City-based retailers as well as supermarket [...]