Ofgem unveils investment plan to bolster transmission services December 15, 2022 Ofgem has published its investment plan for transmission services designed to connect more renewable projects to the grid.
Currys slashes profit forecast as boss warns ‘tough environment’ isn’t going anywhere December 15, 2022 Currys has booked a loss as its chief executive warned that a “tough environment” showed little signs of disappearing in the short-term. The laptop-seller slashed its full year outlook from an initial target range of £130m to £150m to a lower target of £100m to £125m. It posted a group adjusted loss of £17m for [...]
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 [...]
Explainer-in-brief: How to solve a problem like the unions? December 15, 2022 Yesterday Keir Starmer branded the nurses strike “a badge of shame” on the Conservative government. The Labour leader held little back in Prime Minister’s Questions as the country faces industrial action today. But it was also a distraction technique for an opposition party gripped with indecision over the strikes. Rishi Sunak rightly called Starmer’s demands [...]
City Moves: Who’s switching jobs in the Square Mile? December 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. PKF Littlejohn Canary Wharf-based accountancy firm PKF Littlejohn has appointed an insolvency, credit and debt veteran its lead its new creditor services team. James Linton, who brings over 15 years of experience to the role, will help [...]
Government to relax the rules on airport liquids from summer 2024 December 15, 2022 Passengers will no longer need to consider how much toothpaste they’re bringing aboard planes as the UK Government is relaxing the rules on airport liquids from the summer of 2024. The limit will be increased from the current 100 ml to up to 2 litres. Putting toiletries into clear plastic bags and removing laptops and [...]
UK must bridge ‘valley of death’ for homegrown science and innovation December 15, 2022 The UK must bridge the ‘valley of death’ in which prize-winning British innovation falls and fails to be commercialised. The Global Britain Commission said in a report today that the UK government should match Germany’s Fraunhofer programme, which helps businesses turn their research into marketable intellectual property. Britain’s fiscal support of research and development (R&D) [...]
Boris Johnson has made £1m since leaving Number 10 from speaking gigs December 14, 2022 Boris Johnson has already made more than £1m from speaking engagements since leaving Number 10 just three months ago. Johnson made the cash from just four speeches, which included a speaking gig at a CNN event in Portugal and a keynote speech for American boutique investment banking firm Centerview Partners. He received £261,652 from Indian [...]
EY names new leaders of globally separated firms December 14, 2022 EY has named two of its top leaders as heads of the firm’s soon-to-be separate audit and advisory businesses, as it pushes forwards with plans for a global split. EY said current chief executive Carmine Di Sibio will head the new consulting business – NewCo – as it named US managing partner Julie Boland [...]
US Federal Reserve ushers in global rate hike slow down with 50 point rise December 14, 2022 The US Federal Reserve has tamed the pace of its aggressive interest rate hike campaign tonight, but signalled borrowing costs will eventually peak much higher than previously expected. Chair Jerome Powell and the rest of the federal open market committee (FOMC) backed a 50 basis point rise in the world’s most important interest rate, climbing [...]
