Cineworld dials back losses from Covid-hit year ahead of ‘challenging’ period September 30, 2022 Cineworld has managed to dial back some of its losses over the past year amid a “challenging” period for the beleaguered cinema chain, the company said on Friday. The British entertainment behemoth filed for bankruptcy in the US just weeks ago. Admissions in the six month period surged more than 400 per cent to 82.8m [...]
Nike and JD Sports sign transatlantic deal to give UK customers more new shoes September 30, 2022 British and American sports brand giants JD Sports and Nike have shaken hands on a new partnership to give customers access to more products and rewards. The Connected Partnership deal signed this week, the first-of-its-kind in Europe, will give customers the chance to get their hands on a range of exclusive products from the US-shoe [...]
Pound recovers losses as Bank interventions boosts confidence September 30, 2022 The pound recovered its losses against the dollar for a short time this morning as moves by the Bank of England in recent days helped calm the fallout of Kwasi Kwarteng’s tax cutting mini budget last week.
Cisco chief says apprentices can plug digital skills gap September 30, 2022 Chief of Cisco UK said more needs to be done to plug the digital skills gap, putting greater focus on early careers. Speaking to City A.M., David Meads said the apprenticeship levy is a specific area of policy that could be reformed to drive better productivity in the tech sphere, echoing Keir Starmer’s stance earlier [...]
Britain’s economic meltdown must be settled by a firm grip and real growth September 30, 2022 To say it’s been a dramatic week in financial markets would be an understatement. The reaction to the government’s so-called “mini-budget” has seen the value of sterling crash and has led to criticism from the IMF and the Federal Reserve and an unprecedented intervention from the Bank of England who have been forced to buy [...]
As Vladimir Putin raises the stakes, he reveals a losing hand in Russia’s war on Ukraine September 30, 2022 From the start Putin has been playing a high stakes game of poker with a losing hand.
A true state energy supplier should bolster competition September 30, 2022 This week, Keir Starmer outlined a simple vision for the future of the British energy industry: a publicly owned energy company. It is a long way from the days of Tony Blair who moved the Labour party away from state ownership. The thorny question of state control has always been politically charged, but if delivered [...]
Maximilian Riedel: The 11-generation boss guiding the legendary glassmaker September 30, 2022 Walking down the street with Maximilian Riedel, the 11th generation chief of the glassware firm that bears his family name, sounds like a demanding experience – at least if you work in his sales team. “I said to Steve (McGraw, Riedel’s UK managing director), when I walk the streets of London, I tend to look [...]
Letters: All eyes on the high streets September 30, 2022 [Re: Kwasi Kwarteng’s mini-budget, September 23] Retailers and the hospitality sector will be wondering whether the chancellor’s creation of more than 40 new “investment zones” in England does anything more than scratch the surface to revitalise the high street. The “factsheet” issued by the government confirms the zones will apparently be allowed to relax planning [...]
Under the hammer: Why Dalmore is doubling down on limited edition whisky September 30, 2022 Historic Scotch distillery The Dalmore is set to double down on a growing reputation for luxury single malts in a growing sign of the industry’s growth as an asset class. The Dalmore will send one of three rare 48 year old whiskies to auction at Sotheby’s, with the golden liquid housed in a sculpture conceived [...]
