Fridays owner Hostmore revenue soars in maiden results as CEO warns of ‘challenges raised by Ukraine crisis’ March 14, 2022 Fridays owner Hostmore has reported revenue standing at £159m as the hospitality operator strikes out on its own after a demerger. Hostmore made its debut on the London Stock Exchange last November after it was made a separate entity from Electra Private Equity. Now, in results for the 53 weeks ended 2 January 2022, the [...]
Government minister urges consumers to be more cautious about online security March 14, 2022 Consumers need to be even more cautious with their digital activity amid “heightened international tensions”, warned James Cleverly.
New business growth in London at eight year high amid concern about inflation and input costs March 14, 2022 New business activity in the capital has reached an eight-year high, but optimism remains cautious with rising inflation and pressures on input costs. There has been a resurgence in trade across the London, with growth rising from 57.3 per cent in January to a three month high of 63 per cent, in February. Growth reported [...]
UK Space Agency pumps extra cash into landmark space projects March 14, 2022 The UK Space Agency is set to inject £2m into new space projects, including a Rolls-Royce plan to develop a power station in space which could power the generation of water, breathable oxygen and fuels for solar exploration. “The support of the UK Space Agency has been instrumental in enabling the continued progress of the [...]
We must not put ourselves into turmoil for a short-lived upper hand on Russia March 14, 2022 Since Russia’s invasion of Ukraine, the security of our energy supply – already volatile over the last few months – has taken on a renewed urgency. It is not a new concern—the “energy gap” has been a hot topic for at least the last decade—but the prospect of disrupting, suspending or severing entirely our economic [...]
Big Tech’s heyday of privacy abuses is coming to an end – and it’s going to cost them March 14, 2022 When it comes to data privacy, a slew of recent, multi-million-pound fines for data privacy breaches, have showed exactly how closely regulators are watching for transgressions. Already this year the UK’s Ministry of Justice has been served with an enforcement notice (which could lead to a fine of £17.5m) by the ICO; the Internet Advertising [...]
Top finance firms call for transparency on environmental performance March 14, 2022 A group of the world’s top financial firms with more than $130tn in assets have called on businesses to reveal data on their environmental performance, as global governments prepare to push for more transparency on sustainability.
The vibrancy of our lives, careers and our city depends on a return working together March 14, 2022 Spring is in the air and the sound of footfall is increasingly common across the City of London. Lunchtime queues at popular Square Mile’s cafes, restaurants and shops are spilling out across our streets and this renewed buzz – particularly midweek – is bringing back the creative energy that is the lifeblood of the City. [...]
Russia-Ukraine war raises spectre of UK recession March 14, 2022 Russia’s invasion of Ukraine risks plunging the UK economy into recession by propelling inflation to historic levels, according to a new report released today. Soaring food and energy prices triggered by the conflict could send the cost of living for the poorest households in the UK above 10 per cent, research published today by the [...]
Gin and whiskey maker snags planning permission for carbon neutral distillery March 14, 2022 Gin and scotch whiskey maker Eden Mill St Andrews has snagged planning permission for a new site – which it says will be the world’s first carbon neutral distillery. The distillery, which will also have a visitor centre, will be in the heart of St Andrews in Scotland and already has a 50-year land lease. [...]
