Egg supply crisis: Tesco introduces buying limits as JD Wetherspoon changes menu November 22, 2022 Tesco is the latest chain to introduce limits on egg purchases owing to shortages and high costs. The supermarket told City AM it is introducing a limit of three boxes per customer to prevent shelves going empty. This comes after the British Egg Council warned the public that a the industry has been dealing with [...]
Tributes paid to former chair of Brighton Pier Group following his death November 22, 2022 Tributes have been paid to the former chair of Brighton Pier Group who has passed away. The company announced the dead of Jim Fallon this week, honouring his “instrumental” role in its IPO to AIM in 2013. Fallon was a senior independent non-executive director at Brighton Pier Group after having stepped down as chair in [...]
Kyiv plunged into freezing darkness as the Kremlin targets power supplies November 22, 2022 Ukraine’s capital Kyiv has been plunged into freezing darkness as Russia continues to target its power supplies. President Volodomyr Zelensky spoke to his country last night branding the damage as having been done by “terrorists” from the Kremlin. The war, which began in February, is entering a new phase following Russian retreat from parts of Kherson. [...]
Rail talks collapse as RMT boss promises new ‘phase of sustained industrial action’ November 22, 2022 Brits could be facing more travel chaos in the weeks leading up to Christmas, after a fortnight of talks between a rail union and operating firms broke down. The RMT said negotiations to avert industrial with the Rail Delivery Group, which represents train firms, collapsed on Monday, and that there was “the hand of the [...]
Severn Trent’s turnover booms as it offers 90 per cent discounts on soaring bills November 22, 2022 Water firm Severn Trent had a spike in earnings and profits for the first half of the year, as it offers 90 per cent discounts to customers struggling with their bills. The London-listed utilities firm confirmed a 10.8 per cent increase in turnover from 2021 by up £103.6 million. The company also announced a near [...]
Exclusive: Powerleague chief on price rises and making the ‘tinder of grassroots football’ November 18, 2022 On the eve of the World Cup, grassroots football is the focus for Powerleague boss Christian Rose, who has dragged it out of red and through pandemic with a metaphorical Cruyff Turn. The CEO has been in post for four years after being brought in during 2018 when the company was “not in great shape.” [...]
‘Little difficulty’ proving Qatar booze deal breached, but top lawyers say it may not mean a legal row November 18, 2022 Budweiser will have “little difficulty” proving there has been “breach of contract” after Qatar banned alcohol in stadiums for the World Cup, but top lawyers say it may not lead to a massive legal row. The beer brand’s owners AB InBev were left in a state of shock this morning after Qatar announced booze would [...]
Qatar World Cup: In dramatic U-turn alcohol banned in stadiums, Budweiser outraged November 18, 2022 Qatar World Cup officials have launched a stunning and abrupt U-turn, banning alcohol in its stadiums. The tiny Gulf kingdom is set to outlaw the consumption of beer in grounds, owing to its strict Muslim laws which prohibit alcohol. It had been promised before the tournament there would be areas where fans could drink, with [...]
Police cordon off Houndsditch over report of person ‘falling from height’ November 17, 2022 Police were called to an emergency in the heart of the Square Mile today amid reports a person was “falling from height”. The incident unfolded at around 2pm in Houndsditch, with police putting up a cordon and urging the public to stay away. In a tweet sent this afternoon, the force said: “Officers from the [...]
As it happened and live reaction: Jeremy Hunt’s Autumn Budget 2022: UK is now in recession November 17, 2022 Welcome to City A.M.’s live updates as the Chancellor of the Exchequer, Jeremy Hunt, delivers the government’s Autumn Budget for 2022. Here the news team will bring you all the key points, policy changes, opinion, analysis, responses from experts, industry reaction and more. Get in touch and let us know your views via news@cityam.com or [...]