Costa Coffee lifts wages by 5 per cent amid staff shortages September 9, 2021 Costa Coffee has boosted pay by 5 per cent and announced 2000 job vacancies as staff shortages hit the hospitality sector. From 1 October, the company’s 14,500-strong staff will be given a pay rise as the company prepares for a busy festive season. Fully trained baristas will see their pay go up by 64p per [...]
Facebook’s $400m acquisition of Giphy could be blocked based on fruitless antitrust claims September 9, 2021 The Competition and Markets Authority have threatened to dissolve Facebook’s £289m acquisition of Giphy based on fruitless allegations the merger would be anti-competitive. The only catch is: Facebook and Giphy are not competitors. Breaking up this deal on antitrust grounds will have international consequences. Regulators across the world are becoming increasingly hostile towards Facebook, as [...]
Khan launches London fund to welcome Afghan refugees after donations flood in September 9, 2021 Following a surge of donations, Mayor of London Sadiq Khan launched a new “London Refugee Response” fund to support the resettlement of Afghan refugees. About 9,000 refugees have arrived in the UK so far from Afghanistan, with up to 3,500 having arrived in London. The fund is a collaboration between City Hall, London councils and The London Community Foundation, set up [...]
No more green lists and amber lists? Traffic light system set to go by October September 9, 2021 The traffic light system for travel during the Covid era – detested by the industry as complex and unecessary – looks set to be replaced, with an announcement due by the end of the month. The UK government is due to assess the necessity of the system, which delegates destinations as green list, amber list [...]
Lotus gets serious with hand-built Emira GT4 racer September 9, 2021 Following the launch of the roadgoing Emira in July, Lotus has announced a GT4-spec race car. Here's what we know so far.
Perfect storm of glitches constrains UK economy September 9, 2021 Severe shortages of raw materials, constrained labour supply and persistently high furlough rates are putting the UK economy in a vice, according to new official figures released today. The Office for National Statistic’s latest business insights survey shows almost one in three hospitality firms are finding it harder to recruit workers compared to normal times. [...]
Fresh Morgan Stanley bid wrestles back control of Augean bidding war September 9, 2021 Morgan Stanley Infrastructure Partners (MSIP) has wrestled back control of the battle to buyout waste management firm Augean. In a statement, the London-listed firm said that the US bank’s subsidiary had upped its bid from 300p to 340p per share, topping a rival offer from consortium Eleia. Having switched their allegiance to the the latter, [...]
Morrisons revenue tops £9bn, painting picture of health for bidders September 9, 2021 Morrisons has topped a revenue of £9bn in the past six months, as the bidding battle over the supermarket giant escalates. The retailer enjoyed a revenue lift of 3.7 per cent, including its fuel earnings, in its interim results for the six months to 1 August, painting a picture of health for potential buyers. The [...]
Costa Coffee lifts wages by 5 per cent amid staff shortages – CityAM : CityAM September 9, 2021 Costa Coffee has boosted pay by 5 per cent and announced 2000 job vacancies as staff shortages hit the hospitality sector. From October 01, the company’s 14,500-strong staff will be given a pay uplift as the company prepares for a busy festive season. Fully trained baristas will see their pay go up by 64p per [...]
Facebook’s $400m acquisition of Giphy could be blocked based on fruitless antitrust claims – CityAM : CityAM September 9, 2021 The Competition and Markets Authority have threatened to dissolve Facebook’s £289m acquisition of Giphy based on fruitless allegations the merger would be anti-competitive. The only catch is: Facebook and Giphy are not competitors. Breaking up this deal on antitrust grounds will have international consequences. Regulators across the world are becoming increasingly hostile towards Facebook, as [...]
