China refuses to send plane parts to Russia March 11, 2022 China has refused to send plane parts to Russia, in a surprise move for the “iron clad” pair. Head of the Airworthiness Maintenance Department of Rosaviatsiya, Valery Kudinov, said that airlines should negotiate purchases separately, as China has refused to supply certain components. “Part of the fleet will be returned,” Kudinov was quoted as saying [...]
Property developer Berkeley on track to hit targets despite ‘volatile’ trading environment  March 11, 2022 Property developer Berkeley said it was on track to meet its performance targets today despite a “volatile” trading environment continuing to ramp up costs and put pressure on the firm’s supply chain.
PM warns Moscow could use chemical weapons in Ukraine March 11, 2022 Prime Minister Boris Johnson said today that Russia might be ready to deploy chemical weapons in Ukraine, echoing White House warnings. “That the stuff that you’re hearing about chemical weapons is straight out of their playbook,” Johnson told Sky News. “They start saying that there are chemical weapons that have been stored by their opponents or [...]
Four in ten Brits consider job change to counter higher cost of living and rising inflation March 11, 2022 Almost forty per cent of people polled this week have considered changing jobs to counter rising inflation and costs of living. Pressures are showing on people’s wages and mental health, with leading employment board Totaljobs urging employers to support their workers through difficult financial times. In a survey published this week, 37 per cent of [...]
House completions for properties outside London up by staggering 667 per cent March 11, 2022 There has been a significant spike in house completions for properties outside of London and Manchester with some areas having up to a 667 per cent rise. Apart from England’s two main population centres, the top 10 growth areas were in outlying towns, new figures from Paragon Bank shows. Milton Keynes led the way, experiencing [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 11, 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. Laing O’Rourke Construction company Laing O’Rourke has posted a former specialist adviser to the House of Commons Science & Technology Committee to its board. Dr Hayaatun Sillem, CEO of the Royal Academy of Engineering, brings a wealth [...]
Rishi Sunak urged to ‘turn wise words into action’ by FSB chair after small retailers feel ‘abandoned’ March 11, 2022 The chair of the Federation of Small Businesses (FSB) has urged chancellor Rishi Sunak to “turn wise words into action”, after the vast majority of micro firms said they felt “abandoned” by his policies. As the cost of living crisis continues to bite for retailers and consumers alike, 2,000 independent retailers were surveyed through Not [...]
We need to hold our nerve on green levies as the energy crisis starts to bite March 11, 2022 Disruption in the energy markets is set to drive up bills for every family and business in Britain. With gas prices in the UK recently reaching an all-time high, the consumer impact will be profound. Millions of households are expected to see annual energy bills of £3,000, and many face fuel poverty in an escalating [...]
MPs call on government to reverse plans to force landlords to pay for cladding remediations March 11, 2022 Cross-party MPs have criticised the government’s building safety policies as “piecemeal measures”. A proposed cap for fixing building defects that are not cladding should be scrapped, a report from the Levelling Up, Housing and Communities (LUHC) Committee has concluded today. The report was a response to policies set out by housing secretary Michael Gove earlier [...]
Parcel service Hermes changes name to Evri and announces pensions for couriers March 11, 2022 Delivery titan Hermes has announced today that it is changing its name to Evri, as well as introducing changes to couriers’ pension plans. As well as news of a new logo, the parcel service has also announced a £7m annual cash injection into pensions. So-called ‘self employed plus’ couriers will be given retirement plans and [...]
