Workers to stage walkouts over ‘dismal’ pay offers April 8, 2022 Thousands of UK workers are set to stage walkouts over the next few days over below-inflation pay offers. The Communication Workers Union (CWU) yesterday rejected BT’s 5 per cent pay rise – the highest in more than 20 years – calling it a “nothing short of an insult,” the Times first reported. “We have no [...]
Lucky strike: Hollywood Bowl hails record revenue as pent-up demand pays off April 8, 2022 The UK’s largest ten-pin bowling operator has hailed record first half revenues this year, as pent-up demand pays off. Hollywood Bowl raked in £91.3m in the six months to 31 March, up nearly 660 per cent in comparison with the £12m it pulled in the same period last year. Four of the top five months [...]
CMC reports income at top of guidance after stellar performance in fourth quarter April 8, 2022 Online trading platform CMC expects its net operating income to be at the top of guidance following a stellar performance in the fourth quarter of FY22. In the three months ended 31 March, the group’s net operating income will be around £280m, while gross leveraged client income has decreased slightly to £288m, down 14 per [...]
PM bets big on nuclear but energy industry complains it’s too little in face of price crisis April 8, 2022 The supply security strategy failed to power optimism yesterday, with the energy industry warning it offered little to ease price concerns.
City Moves: Who’s switching jobs in the Square Mile? April 8, 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. Europa Capital Real estate investment manager Europa Capital has bolstered its asset management team with a new managing director, the firm’s 20th appointment in the past year. Rachel Hanke help over portfolio management, bringing nearly 20 years [...]
Ollie Phillips: Four English sides should make it to top European quarters April 8, 2022 As the first leg of the European Champions Cup round of 16 begins this evening, I am confident that all but one of the English sides will progress through to the quarter-finals. While some of the ties look mighty close, there’s enough grit and flair in the Premiership to make the difference. It also helps [...]
Life must imitate art as pop culture learns the magic of diversity at the top April 8, 2022 Pop culture is usually the first to pick up on zeitgeists. Take Disney, and its front-of-house overhaul. Once upon a time, a Disney heroine would be found longing wistfully for a knight in shining armour to come to her rescue. But Disney princesses are now nuanced individuals with ideas and ambitions of their own. This [...]
Exclusive: Huge rates hike for logistics warehouses as Amazon bill to rise more than £1m April 8, 2022 Occupiers of logistic warehouses are braced for a dramatic rates hike, data shared exclusively with CityA.M. has revealed. With e-commerce firms desperate to grab space, rents in the industrial and logistics sector have shot up. Rental growth means will see average increases of 18.7 per cent across the board on business rates payable from April [...]
As housing targets wither away, it’s time for councils to join us in the digital age April 8, 2022 At the end of last year, over 1.1 million people were on local councils waiting lists for affordable housing in England alone, according to ONS figures. At the same time there were 52,100 additional affordable homes provided across England, according to figures from the Department of Levelling Up, Homes and Communities. This was a decrease [...]
Retailers enjoy spring boost after first full month without Covid restrictions April 8, 2022 Good weather and an eagerness to refresh wardrobes for spring has fuelled boosted retail footfall and sales, data revealed today. The first full month without Covid restrictions in England and Northern Ireland saw consumers “able to shop with a greater sense of normality, spurred on by some spring sunshine,” the British Retail Consortium (BRC)’s chief [...]
