‘Safe home’ app gets support as cost of living puts night-owls off taxis and Ubers September 30, 2022 The cost of living is set to increase the number of women walking home from a night out rather than getting a taxi or a minicab home, according to new research. A fifth of women told pollsters that they were walking more and taking few taxis at the end of a night out. The safety [...]
Deloitte pays partners more than £1m each as consulting revenues surge September 30, 2022 Deloitte today said its 672 equity partners will take away average payouts of £1.06m each after a bumper year for its advisory business saw the Big Four accounting firm’s revenues surge 10 per cent to £4.9bn. The uptick in Deloitte’s UK revenues for the year running up to 31 May 2022 came as sales [...]
HSBC considers leaving Canary Wharf HQ September 29, 2022 HSBC is considering leaving its iconic Canary Wharf headquarters when its lease expires in early-2027. The bank is carrying out a review of “the best future location in London” for its global headquarters, according to an internal memo seen by Financial News. HSBC’s options include either renovating its current building or moving to another London [...]
Lidl told to stop selling Lindt-like chocolate bunnies and destroy remaining stock September 29, 2022 Lidl’s Swiss unit should stop selling foil-wrapped chocolate bunnies, that bare various similarities to Lindt’s golden rabbits, and destroy its remaining stock, a Swiss court has ruled. The Lausanne court said Swiss cholate maker Lindt & Sprüngli deserves protection from copycats, including the German supermarket which sells a golden foil wrapped bunny of its own. [...]
Tories prepare for annual party conference as polling results sink September 29, 2022 The Tories are preparing for the party’s annual conference next week under a cloud of turmoil and infighting as new polling puts them 33 points behind Labour. Liz Truss’ first party conference as Prime Minister comes at a time of crisis, with her own MPs in open revolt against her and financial markets reacting badly [...]
Car firms push back against greenwashing allegations September 29, 2022 Car manufacturers have pushed back against allegations they are underreporting the indirect lifetime emissions of their vehicles. A report by European environmental NGO Transport & Environment (T&E) has accused nine of the world’s largest car makers – including Volkswagen, Toyota and BMW – of downplaying the indirect lifetime emissions of their vehicles by, on average, [...]
Councils call on Gov to deliver Bakerloo line extension to avoid £6.4bn output loss September 29, 2022 Southwark and Lewisham councils have called on the government to deliver the Bakerloo line’s extension, if ministers want to avoid £6.4bn in lost economic output. “London is the beating heart of the British economy and the Bakerloo Line extension is vital to Lewisham and London’s continued growth,” said Lewisham’s mayor Damien Egan. “It is a [...]
UK borrowing costs surge and FTSE tanks after Truss and Kwarteng back mini-budget September 29, 2022 UK borrowing costs fired higher and the country’s largest listed companies tanked today after prime minister Liz Truss and chancellor Kwasi Kwarteng doubled down on their tax cutting and borrowing plans. London’s FTSE 100, home to the UK’s top companies, shed 1.77 two per cent. The mid-cap FTSE 250 index nose dived more than three [...]
Made.com posts widening losses after furniture retailer puts itself up for sale September 29, 2022 Online furniture seller Made.com has posted widening losses after consumers slowdown on buying homeware items amid the cost of living crunch. The company posted a loss before tax of £35.3m for the six months to 30 June, versus £10.1m a year prior. Earlier this week, Made said it would conduct a strategic review of its [...]
Banks and housebuilders bear brunt of market chaos September 29, 2022 Wild swings in UK debt markets and concern over borrowers’ capacity to pay costlier mortgages have whacked London-listed housebuilders and banks this week. Britain’s biggest property developers have been among the hardest hit listed companies during this week’s market sell-off. FTSE 100-listed construction firms Taylor Wimpey and Barratt Developments have shed more than 20 per [...]
