Truss eyes up new limits to public sector strike action October 5, 2022 As another day of train strikes begins from Aslef, Liz Truss is reportedly planning measures to curbs mass walkouts. As reported by The Times, the prime minister is considering a radical extension of laws that ensure a minimum service during rail strikes, which she hopes could apply across the public sector. It said business secretary [...]
LondonMetric pivot towards city logistics and away from ‘big box’ retail pays off October 5, 2022 LondonMetric Property’s pivot towards city logistics spaces and away from “big box” retail parks has bolstered recent earnings and also netted the investment trust £111.4m in disposals cash. The real estate investment fund has undergone a shift into “well located long income assets” in the six months to 30 September, just as the urban logistics [...]
Topps Tiles tops full year expectations as the DIY boom continues October 5, 2022 Sales continued to climb for Topps Tiles as the DIY boom shows no signs of stopping beyond the pandemic. Group sales in the 52-week period were approximately £247.3m, a second consecutive record year of turnover, with year on year sales growth of 10.6 per cent. Topps Tiles said it continued to perform well against a [...]
City Moves: Who’s switching jobs in the Square Mile this week? October 5, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Morgan Lewis US law firm Morgan Lewis has built out its London office with a former Big Four accounting veteran. Bringing experience from across the US government at Abu Dhabi Investment Authority, where he was most recently [...]
Dispatch from Birmingham: Truss’ MPs go into hiding as the tide turns once again October 5, 2022 As Conservative politicians, members, policy wonks and journalists decamped to Birmingham, there was a rumour one unnamed Tory MP had arrived early to take pictures around the city, which they could then post on social media while spending Tory conference from the comfort of their hotel room. Elsewhere, one journalist complained of being unable to [...]
As Britain’s identity is pulled apart, we need a vision for a better future October 5, 2022 Responding to this moment with a coherent, optimistic narrative should be essential, whether you are the governing party or aspiring to be the next government. But it is something that still feels notably absent.
Our politicians must wake up to the public debt effect October 5, 2022 In a novel by C.P. Snow, a physicist turned author who served as science minister under Harold Wilson in the 1960s, the master of a Cambridge college says that “gratitude isn’t an emotion, but the expectation of gratitude is a very lively one.” The prime minister and her Chancellor may well be having exactly the [...]
Letters: FCA takes on crypto criminals October 5, 2022 [Re: Revolut wins full crypto authorisation from City regulator, 27 Sept] It’s no surprise that the FCA has previously clashed with the crypto industry. Whilst the above is good news for Revolut, the implications on the wider industry are concerning. The FCA are right to move their focus to controls against money laundering when assessing [...]
HSBC mulls ditching Canadian business amid Ping An breakup pressure October 5, 2022 HSBC is mulling hiving off its Canadian business in a move that could raise billions for Britain’s biggest bank. The banking giant has asked JP Morgan to identify possible buyers of its Canadian arm. Sky News first reported the news today. If HSBC did leave Canada – where it has built up a sizable £6bn [...]
Half of UK logistics firms to make acquisitions despite volatile market October 5, 2022 Almost half of UK logistics firms is set to make an acquisition in the next year despite challenging market conditions. Data published today by Barclays Corporate Banking reported that 45 per cent of UK businesses were considering the move as a way to achieve economies of scale and expand services. This is the highest figure [...]
