Not a good Friday: Five Londoners taken to hospital as driver crashes into shop in Walthamstow October 15, 2021 A vehicle collided into a shop in Walthamstow, the London Fire Brigade said this morning. One man left the vehicle as firefighters arrived and five people were taken to hospital by London Ambulance Service crews. Station Commander David Murphy, who was at the scene, said: “Crews arrived to find a vehicle that had passed through [...]
‘Mild’ months ahead: Government shares private winter briefing with energy firms October 15, 2021 A private Met Office briefing was reportedly shared by Kwasi Kwarteng with energy companies, saying Britain could face a mild winter, which may help ease pressure on supplies in the coming months. Rocketing global wholesale energy prices have seen 12 small energy suppliers collapse in the UK since September, with experts warning the increase in [...]
Addison Lee to hire 1,000 new drivers in London amid pandemic recovery in capital October 15, 2021 Private taxi giant Addison Lee is to recruit 1,000 drivers in London amid growing demand for its services as the capital recovers from the virus crisis. The company said it is offering drivers a “market-leading” package, with a guarantee of £5,000 for the first month of employment, a pension and holiday pay. Between August and [...]
UK investors play it safe, while Chinese take risks and Indians are all over crypto October 14, 2021 Affluent to ultra-high-net worth investors in the UK are the most conservative in terms of investment risk among international peers, according to new research, shared exclusively with City A.M. today. More than half of wealthy UK-based investors rated themselves as conservative in terms of their approach to risk, with 20 per cent describing themselves as [...]
Half of all Brits victim of bullying, harassment or other misconduct at work October 14, 2021 Three in four British office workers in the UK have either witnessed or personally experienced misconduct at some point in their careers, according to a new study, shared with City A.M. today. Almost half (49 per cent) of office workers in the UK have personally been a victim of some form of misconduct, including bullying, [...]
Dunelm boss pay quadruples despite refusal to repay business rates holiday savings October 14, 2021 Even though homewares chain Dunelm continuing to insist it should not repay savings made from the business rates holiday, the company revealed today its boss’ pay package has more than quadrupled to over £4m. The retailer has repeatedly claimed it was right to enjoy the £22m in tax savings, as its stores were forced to [...]
Poundland faced with staggering tenfold rise in shipping costs October 14, 2021 Discount retail giant Pound has seen shipping costs rise tenfold due to global supply chain issues. Andy Bond, chief executive of PepCo, which also runs Dealz stores across Europe, said the retailer has enough stock to keep shelves full although he admitted price pressures are being felt. He did not expect the pressures to ease [...]
New WHO team looking into Covid may be ‘last chance’ to find Coronavirus origins October 14, 2021 The World Health Organization (WHO) said its newly formed advisory group on dangerous pathogens may be “our last chance” to determine the origins of the SARS-CoV-2 virus and and urged China to provide data from early cases. Watch the full report.
City rejects looming interest rate rise: ‘Old Lady should adopt Maradona theory’ October 14, 2021 Markets are increasingly betting that the Bank of England will raise interest rates before Christmas to contain spiralling inflation. The shift came after two of the Old Lady’s most senior officials gave the strongest signal yet that the central bank is ready to choke off inflation. Strengthening predictions over a looming rate hike triggered a [...]
Close to 6m Brits working from home as they cannot get fuel for daily commute October 14, 2021 As the panic-buying of fuel swept across the country, many workers were faced with huge queues at petrol stations, closed forecourts or left with an empty tank. This has led to one in six people in Britain’s workforce of 35m to work from home because they cannot buy enough fuel for their daily commute, according [...]
