More a third of hospitality businesses fear last orders due to cost crunch October 31, 2022 More than a third of pubs and restaurants are facing last orders by early next year due to the pressures of historically high inflation. Pubs have been hit with soaring energy, food and wage costs, as they seek to rebuild after the Covid-19 pandemic. These mounting costs have resulted in 35 per cent of businesses [...]
Libor trader Tom Hayes: I’ll keep fighting to clear my name in UK after US throws out charges October 31, 2022 The former banker who spent five years inside for ‘rigging’ Libor rates has told City A.M. he feels he owes it to other convicted traders to keep fighting to clear his name. Tom Hayes, who worked at UBS, was one of a number of traders sentenced for a cumulative total of almost 50 years for [...]
Tech could get Britain’s net zero target back on track October 31, 2022 Tech could get Britain back on track to meet its net zero commitment after the chair of the independent Climate Change Committee warned that progress on the target had gone awry in recent months. With the UN’s flagship climate conference COP27 in Egypt one week away, Committee chair Lord Deben told The Independent today that [...]
‘Royal Mail have just declared war on your postie’: Union snubs yet another pay offer October 31, 2022 Postal workers have warned the public that “Royal Mail have just declared war on your postie”, batting away yet another pay offer from the firm. Royal Mail today proposed a new conditional pay-for-change offer to the Communication Workers Union (CWU) worth nine per cent for CWU-grade colleagues. The offer includes a seven per cent salary [...]
Asos eyes cutting 100 jobs as part of turnaround plan for fashion retailer October 31, 2022 Asos is looking to slash 100 jobs as the fashion retailer tries to rebuild after hemograhing losses. The London-listed company confirmed it was launching a consultation on a number of roles across the firm, after it was first reported in RetailWeek. The retailer, which currently employs around 3,300 people, will begin mulling which roles to [...]
Christmas under threat: All poultry must be housed indoors amid ‘largest ever outbreak’ of bird flu October 31, 2022 Christmas turkeys are under threat as a massive outbreak of bird flu1 is forcing the UK to house all poultry and captive birds indoors. From 7 November, the birds will need to be kept indoors and follow stringent biosecurity measures, the chief Chief Veterinary Officer Christine Middlemiss said today. In a statement published by the [...]
Apollo strikes crypto deal with Anchorage in digital asset push October 31, 2022 Asset management giant Apollo has begun holding crypto on behalf of its clients after striking a deal with digital asset bank Anchorage Digital, in a vote of confidence in the future of crypto after a rocky few months in the market.
Planet Crypto: Meta’s balance sheet is a real Halloween horror show October 31, 2022 The Planet Crypto team whips out the Ouija board to discuss Meta's company results horror show for Halloween.
Braverman admits sending government files on personal emails six times October 31, 2022 Suella Braverman has admitted to sending government documents from a personal email on six occasions before she was sacked as home secretary for the security breach. Braverman, who was brought back as home secretary by Rishi Sunak, said in a letter to a Westminster committee that it happened because she needed her work phone to [...]
M&C Saatchi dodges hostile takeover as offers lapse October 31, 2022 M&C Saatchi has dodged its hostile takeover, with offers from both Next 15 and AdvancedAdvT lapsing. The advertising titan confirmed that directors were unable to back the conditions outlined in Next 15’s “Scheme Document”, and the offer had now expired. Although Next 15 cleared its final regulatory hurdle earlier this month, the offer needed some 75 [...]
