Greensill insolvency earns administrators £34m October 13, 2022 The collapse of the disgraced supply chain finance firm Greensill Capital has earned its administrators £34m in fees and expenses, according to reports.
Workspace says office demand remains strong despite strike disruption and extreme weather October 13, 2022 Workspace said demand for office space in the second quarter remained resilient, despite extreme hot weather and tube and rail strike disruption. The flexible working space firm reported strong conversion of demand into lettings with 317 lettings completed in the quarter and 642 lettings in the first half, with a total rental value of £17.5m [...]
‘Back again? Dear oh dear’: King Charles greets PM Liz Truss October 13, 2022 King Charles appeared to mutter ‘dear oh dear’ as he met Prime Minister Liz Truss in his first audience with her since he became the new monarch. In a video widely shared online, Truss is seen entering the room in Buckingham Palace and being introduced before bowing, and saying: “Your Majesty, great to see you [...]
EasyJet expects to book £545m in the final quarter with ‘record bounce back’ October 13, 2022 Bosses at EasyJet are expecting to book between £525m and £545m in earnings for final quarter, as the budget airline continues its post-lockdown recovery. The earnings before interest and tax, marks a “record bounce back” for the carrier, CEO Johan Lundgren said in a statement this morning. It means the company will breakeven this year. [...]
Entain cashes in on NFL boost and pins hopes on World Cup to drive online bets October 13, 2022 WHILE we may not be banking on a Qatar World Cup victory, Ladbrokes owner Entain is certainly pinning its hopes on it being a big win for betting. Despite posting a relatively flat third quarter, with net gaming revenue up just two per cent, and online revenue up one per cent, the gambling giant is [...]
Recruiter Hays reports record fees amid tight labour market October 13, 2022 Recruitment specialist Hays said it was confident it could navigate economic volatility ahead today as it reported a record quarter with fees up 15 per cent.
Truss has picked the wrong fight: the problem is inflation, not lack of growth October 13, 2022 In her speech to what was left of Tory party conference, Liz Truss promised that her priority was “growth, growth, growth”. The events of the past week have underlined why that is the wrong priority, at the wrong time, by the wrong prime minister. Much has been made about the prime minister’s ideological convictions but [...]
One in a bullion: here’s the chance for City fund managers to replace Bitcoin with gold October 13, 2022 Over the course of last year, Bitcoin has enjoyed what has seemed like a never-ending rise in its market value. At the start of 2021, a single token was valued at $32,000, and by April that value had more than doubled. Traders were optimistic that the wider acceptance of Bitcoin by merchants and big banks [...]
It’s about moderate control: politicians don’t seem to get the public view on migration October 13, 2022 Attitudes can be fickle, at the best of times. Sometimes they can even be contradictory, with people supporting apparently opposing positions at the same time. On immigration, this could not be more true. New research by Ipsos for British Future, which has tracked public opinion on immigration issues since 2015, found that the public feels [...]
London generates £74bn of financial and professional services exports October 13, 2022 London generates £74bn of the UK’s financial and professional services exports, according to a new report out yesterday. The City’s banks, brokers, insurers and law firms’ share of Britain’s £130bn financial and professional services export industry is running at 57 per cent, according to Square Mile lobby group TheCityUK. However, the body’s research illustrated that [...]
