Octopus Energy snaps up heat pump manufacturer as part of ambitious production plans April 13, 2022 Octopus has taken a controlling interest in Northern Irish firm RED, as it looks to boost its presence in the heat pump market.
Biden accuses Russia of ‘genocide’ as Zelensky mocks Kremlin’s ‘noble’ war April 13, 2022 President Joe Biden has accused Vladimir Putin and Russia of committing genocide in Ukraine. This comes amid claims Russia has deliberately targeted civilians and has used chemical weapons. The Kremlin has also been accused of committing massacres in towns such as Bucha and Irpin. The President said he would use the label genocide “because it [...]
Ted Baker: US private equity firm Sycamore will join formal sales process for fashion chain April 13, 2022 Ted Baker has given confirmation that New York-based suitor Sycamore will take part in a formal sales process. The retailer had previously rejected a number of bids from the US private equity firm, claiming their proposals had significantly undervalued the high street fashion chain. The announcement does not mean that Sycamore will certainly throw its [...]
Tesco profit surges but bosses warn of sky-high inflation side effects April 13, 2022 Tesco has rebounded from the pandemic with a 65 per cent boost in operating profit, climbing to £2.56bn for the full-year.
Inflation reaches 7 per cent as Brits fear cost of living crisis April 13, 2022 The Consumer Prices Index (CPI) rose seven per cent in the year to March, with Brits braced for sky-high price hikes across essential bills this spring. According to figures published by the Office for National Statistics (ONS) today, the largest contributions to the increase came from motor fuels, with no large offsetting downward contributions. The [...]
City Moves: Who’s switching jobs in the Square Mile? April 13, 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. LHV UK Fintech and crypto banking services provider LHV UK has bolstered its board with an independent non-executive director. Stepping onto the board at the beginning of May, Keith Butcher joins the City based firm with a raft [...]
Indie music making moves thanks to vinyl and CD boost April 13, 2022 Indie artists are leading the way with record sales as vintage vinyls and CDs continue their comeback.
Rishi Sunak’s weak stomach for a scandal could spell the end for Johnson April 13, 2022 When Boris Johnson catapulted a young upstart from Treasury minister to Chancellor of the Exchequer, he likely envisaged Rishi Sunak would be pliable and amenable to his insatiable desire for spending rather than the thin-skinned thorn in his side.
Scandals within the NHS have finally made us question the angelic halo of our doctors April 13, 2022 Much of the narrative around the health service over the past few years has depicted nurses as angels and doctors as living saints. Soap operas are helpful purveyors of this narrative. Perhaps the most famous is George Clooney as the charismatic Dr Ross in the long running American medical drama ER. Dr Ross, despite the [...]
As inflation pushes up prices, businesses should only hike them where it really counts April 13, 2022 Just as the impact of the pandemic was subsiding, inflation has risen to its highest rate since March 1992 – hitting 5.5 percent in January 2022. The Bank of England has projected that inflation will hit 7 percent by the spring. From freight rates to oil to furniture and groceries, prices are increasing dramatically. Many [...]
