Ryanair boss Michael O’Leary to stay until 2028 as airline sorry for ‘mishandling’ press at AGM September 15, 2022 Ryanair’s boss Michael O’Leary is in talks to extend his contract until 2028, as the company said sorry for “mishandling” the press at its AGM this morning. The chief executive told journalists on Thursday that he was hoping to sign the papers by March, subject to agreement on terms. O’Leary also apologised after reporters were [...]
Patagonia’s billionaire founder gives away retailer to protect planet September 15, 2022 The billionaire boss behind fashion retailer Patagonia has donated the brand to a charitable trust that tackles climate change. Yvon Chouinard, who founded the outdoor apparel brand in 1973, said profit that was not reinvested into the firm’s operations would be used to help the environment. Donations to environmental causes will rack up at around [...]
Lindsay Hoyle calls for parliament’s party conference recess to be shortened September 15, 2022 Sir Lindsay Hoyle, the House of Commons Speaker, has said the upcoming parliamentary recess period for the party conference season should be cut short. Hoyle today said the recess, which is due to start at the end of next week and end on 17 October, “can well be cut short … that would be my [...]
Crypto markets in calm waters as Bitcoin and Ethereum steady the ship September 15, 2022 The price of Bitcoin has stabilised at just above $20k for now at least, changing hands for $20,282 this morning.
Amazon strike ballot ‘making history’ says UK union boss September 15, 2022 AMAZON workers at a Coventry warehouse became the first in the UK to take part in a formal strike ballot against the ecommerce titan. Hundreds of workers began voting this morning on whether to walk out over Amazon’s 35 pence per hour pay offer, with union GMB lobbying for a £2 per hour increase as [...]
Explainer-in-brief: Another royal drama brewing for the queen’s funeral September 15, 2022 Royal drama is brewing this week – and not only in the UK. The former Spanish King has announced he’ll show up to Queen Elizabeth’s II funeral, much to the opprobrium of the Spanish government. Juan Carlos has held the title of former King since 2014, when he abdicated after a public outcry over his [...]
Investment management firm Brooks Macdonald dips as clients feel market sting September 15, 2022 Funds under management dipped for Brooks Macdonald this year as the investment management firm warns of the challenging market environment for clients and advisers. Group funds under management (“FUM”) closed at £15.7bn, down nearly five per cent from last year, as positive net flows were offset by the impact of declining markets on asset values. Brooks [...]
Gresham House posts resilient asset growth despite challenging backdrop September 15, 2022 Gresham House said it saw "resilient growth in a challenging environment", as assets under management continue to climb.
John Lewis posts £92m loss after ‘unprecedented cost inflation’ September 15, 2022 John Lewis Partnership has posted a £92m loss before tax, blaming shoppers spending less due to inflationary pressures in the first half of the year. This was versus a £69m profit compared to the same period last year, although the partnership said on Thursday it was “not unusual for us” to make a loss in [...]
Drop in Covid-19 vaccine demand swings Oxford Biomedica to a loss September 15, 2022 A drop in Covid-19 vaccine demand and manufacturing has swung British biotech firm Oxford Biomedica to a revenue loss in the half of the year. The London-listed firm, which worked with AstraZeneca’s to produce its Covid-19 vaccine, has revenue slip more than 20 per cent to £64m in the six moths to 30 June, down [...]
