Ashtead to ‘capitalise’ on economic downturn as it hikes revenue forecasts December 6, 2022 British industrial equipment rental company Ashtead has hiked its revenue forecasts for the full year as it sails through raging inflation. The London-listed group said it has the “flexibility to capitalise on the opportunities arising from the market and economic environment we face, including supply chain constraints, inflation and labour scarcity, all factors driving ongoing [...]
Marston’s swings back to profit as pub chain anticipates Christmas without Covid limits December 6, 2022 Marston’s has welcomed being in the black, after trade at its pub estate recovered from the side effects of Covid-19 lockdowns this year. In results for the year to 1 October, the community pub operator posted a total profit before tax of £163.4 m, versus a loss of £171.1m the year prior. The operator of around [...]
City Moves: Who’s switching jobs in the Square Mile? December 6, 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. Russell-Cooke Law firm Russell-Cooke has built out the French desk within its London-based private client practice with a new partner. Nicole Gallop Mildon brings expertise to all aspects of private wealth including estate planning, wills, probate and [...]
Online safety makes return as concern over fraud adverts mount December 6, 2022 The online safety bill returned to parliament yesterday after five months in limbo and a tide of rallying cries from campaigners. The bill aims to better regulate big tech firms, threatening hefty fines for non-compliance, covering illegal and harmful content, as well as fraudulent advertising. Although consumer group Which? praised the inclusion of online scam [...]
Done well, devolution could leave our terrible politicians with nowhere to hide December 6, 2022 If fiscal decisions are made locally, taxpayers may find it easier to scrutinise, with local politicians finding fewer places to hide.
Letters: We can win AI, if we invest right December 6, 2022 [Re: UK set to become next AI superpower says new report, Nov 22] The UK has a strong tradition of research and innovation, a capability that continues to help drive advances in the application of high-end computing and AI. While the US, China, and EU have larger budgets for supercomputing, the UK can differentiate itself [...]
TikTok rides out wider advertising slowdown December 5, 2022 TikTok is expected to ride out the advertising slowdown, as the Chinese-owned social media titan becomes an outlier to the wider industry slowdown. According to a new report published by GroupM, the media buying agency owned by WPP, TikTok doubled its advertising revenue in 2022. “This has likely been another driver of the advertising deceleration [...]
Questioning the impact of remote working doesn’t make you a dinosaur December 5, 2022 Speak to a lot of chief executives in private – especially once those magical words ‘off the record’ are uttered – and you’ll hear all sorts of frustrations with the state of everything from our politicians to their human resources department. But one topic that keeps coming up – almost anathema in our wider business [...]
Scientists urge world leaders to stop burning trees to generate energy December 5, 2022 Countries must stop burning trees to make energy because it undermines the world's climate and nature goals and destroys valuable wildlife habits.
RMT announces three more days of rail strikes over Christmas December 5, 2022 The union RMT has announced three more days of strike over Christmas as it put Network Rail’s offer to its members with the recommendation to reject it. Workers are set to walk out from 6pm on Christmas Eve to 6am on 27 December. This will be in addition to the planned industrial action on 13, [...]
