From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy
Hollywood Bowl launches international expansion as it strikes a record revenue May 25, 2022 Hollywood Bowl, the UK’s largest ten-pi bowling operator, has more than bounced back after its pandemic closures, with its revenue exceeding pre-pandemic levels by over a third. The London-listed leisure business snagged a little over £100m in revenue in the six months to 31 March – a new record for the company – and up [...]
Facebook whistleblower Frances Haugen talks Meta, Musk and online safety May 25, 2022 City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
Price cap to spike again: Watchdog warns worst is still to come for energy prices May 25, 2022 Already sky-high energy prices are set to spike again in October, according to the energy watchdog, taking the power out of the UK's growth prospects.
City Moves: Who’s switching jobs in the Square Mile this week? May 25, 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. BDO Accountancy and business advisory firm BDO has bolstered its audit practice with a new partner, who joins from EY. Rida Rahmani brings more than 15 years of experience to the international audit team. “Rida’s experience of working with clients but also her [...]
Fish and chip shops struggle to keep heads above water as sector battered by price rises May 25, 2022 Some fish and chip shop owners could be driven to commit fraud in the absence of any further tax relief, one industry boss has warned. The words of warning came from president of the National Federation of Fish Friers, Andrew Crook, who told CityA.M. that the fish and chip industry had felt “abandoned” by the [...]
We must uphold online competition at home, or we risk lagging behind the EU May 25, 2022 RIght now in the European Union, law-makers are putting the finishing touches on the Digital Markets Act – a landmark law which will upend big tech firms’ business models to improve competition online. In the UK, on the other hand, regulators, ministers and many lawmakers are frustrated. UK regulators are convinced dominant big tech firms [...]
Fresh strikes to hit millions of commuters as railway workers vote in favour of industrial action May 25, 2022 Commuters will need to brace themselves for a new wave of strikes after members of the RMT union working in the railway industry have decided in favour of nation-wide industrial action. The RMT announced the ballot’s results, adding that 71 per cent of workers balloted took part in the vote with an 89 per cent [...]
London should have devolved powers to build infrastructure, says think tank May 25, 2022 London should have more freedom over how it raises and spends its money in order to deliver more world-class infrastructure, reckons the capital’s leading think-tank. Nick Bowes, chief executive at think tank Centre for London, believes the capital should have similar powers to global cities such as Paris, New York or Berlin. “It’s not obvious [...]
National Grid calls for local energy pricing to drive down household bills May 25, 2022 The National Grid has called for the break-up of the electricity market so that different prices are charged in different parts of the country.
The Bank’s climate warnings are too overblown to help May 25, 2022 What was it HSBC’s now-suspended banker Stuart Kirk said about alarmist climate warnings? “Unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings are ALWAYS WRONG” was the title of the slide which has seen him taking some unexpected time in the garden, as he dared to offer the heretical view that reports of the world’s imminent demise may [...]
