London commuters battle over rising property prices along Elizabeth Line May 20, 2022 The newly unveiled Elizabeth Line has left commuters wrestling over rising prices in London’s suburbs, with the cost of a home in local areas more than doubling over the past 10-years. The Crossrail, one of Europe’s largest infrastructure schemes and four years overdue, will open to the public on Tuesday. Despite he delays, the number [...]
Boeing will get back on its feet, says Lufthansa boss May 19, 2022 Boeing will get back on its feet soon, according to Lufthansa’s boss Carsten Spohr. The airline’s boss said it was backing the plane manufacturer despite the turbulent period it was going through. “Boeing as a symbol of America will get back to its feet,” the German executive said during a luncheon in Washington, adding now [...]
Lord O’Neill’s Northern Gritstone raises £215m with backing from pension funds May 19, 2022 Investment company Northern Gritstone has raised £215m in funding after it received backing from local pension funds. A joint venture between Leeds, Manchester and Sheffield universities, the firm has secured funding from the Greater Manchester Pension Fund and West Yorkshire Pension Fund among others, Sky News first reported. “The strong endorsement of Northern Gritstone we’ve [...]
Coca Cola launches music content platform featuring international artists May 19, 2022 Coca Cola is launching a music platform with content from emerging music stars from across the globe, including Ari Lennox and Griff.
The City View: Tory party rift over windfall tax, and stock market sell-off May 19, 2022 Today Andy Silvester talks to City A.M. reporters Jack Barnett and Nicholas Earl. Jack unpicks the continuing stock market sell-off, one of the worst in recent memory; and Nicholas takes us through the rift in the Conservative party over the potential implementation of a windfall tax on energy companies, and assesses the viability of the [...]
European Commission proposes carbon allowances sell-off to ensure energy security May 19, 2022 The European Commission announced €20bn worth of allowances will be sold to help fund its green ambitions and ensure the bloc's energy security.
London ensnared by global market turmoil as recession jitters spread May 19, 2022 The City was ensnared by a global market sell off today driven by investors ditching stocks over fears soaring inflation will tip major economies into recession. Britain’s biggest companies shed around £40bn today. London’s premier FTSE 100 index tumbled just under two per cent, taking its total losses for the year so far to nearly [...]
McDonald’s agrees to sell its stores in Russia and warns of $1bn exit loss May 19, 2022 Fast food giant McDonald’s has agreed to sell its Russian stores across 45 regions – but warned it is likely to make a $1bn loss. The chain announced it entered into an agreement with an existing licensee Alexander Govor, who has operated 25 restaurants in the eastern region of Siberia since 2015. This comes after [...]
KPMG plans to hikes fees by up to 20 per cent due to higher cost of staffing May 19, 2022 Big Four accountancy firm KPMG has warned clients it is planning to substantially increase its audit fees, in order to pay for higher salaries. The auditor told its clients it plans to increase fees by between 5 per cent and 20 per cent due to facing higher costs linked to new industry rules and the [...]
Ex-White & Case lawyer says he faced discrimination due to anxiety and depression May 19, 2022 A former White & Case partner has accused the firm of being a “toxic” workplace after claiming he was pushed out of his position at White & Case’s London office after developing depression due to his wife’s cancer diagnosis. Michael Wistow, the former co-head of White & Case’s EMEA tax practice, has said he was [...]
