Explainer-in-brief: Candidates for Sunak’s anti-Britain extremist program August 4, 2022 The lastest bizarre policy tabled in the Tory leadership contest was from Rishi Sunak, who has promised to extend the Prevent anti-terrorism scheme by referring people who display “extreme hatred for Britain” to the deradicalisation program. But he might need only look as far as his own parliamentary colleagues for potential candidates. It was Boris [...]
Lloyd’s of London aims to attract billions in capital via launch of new investment vehicle August 4, 2022 Lloyd’s of London has set out plans for the launch of a new investment vehicle, with a view to drawing in billions from institutional investors. The London insurance market today announced plans to set up a second protected cell company (PCC) following the successful launch of its London Bridge Risk PCC vehicle last year. [...]
Rolls-Royce shares dive as soaring costs squeeze profits August 4, 2022 Rolls-Royce reported a slowdown in profits in the first six months of the year as a cocktail of snarled supply chains, soaring inflation and war in Ukraine caused costs to spiral.
Next sales up as shoppers flock back to high street but firm warns of slowdown as inflation hits August 4, 2022 Next has shared elevated quarterly sales, suggesting that warm weather and the closure of high street rivals has driven shoppers into stores. In a trading update on Thursday, second quarter full price sales were boosted five per cent versus last year, some £50m ahead of the clothing firm’s previous guidance. Next attributed this to a [...]
City Moves: Who’s switching jobs in the Square Mile? August 4, 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. Knight Frank Knight Frank has poached its latest partner from CBRE, as the property consultancy looks to grow its landlord project management offering. James Orchard joins the project and building consultancy team and will advise clients on [...]
Starmer’s brawl with the unions is a rite of passage for the Labour party August 4, 2022 All the Labour Party had to do was to cede the entire summer to Tory infighting. But when it comes to factionalist fights among themselves, Labour are the experts. Since being given a begrudging vote of confidence by Durham Police, clearing him from the most boring of allegations of rule-breaking, Sir Keir Starmer has found [...]
We will resign ourselves to geopolitical irrelevancy unless we re-invest in science August 4, 2022 As the Conservative leadership contest ploughs on through the summer and the final two candidates talk tax cuts and public spending neither are addressing the full extent of the UK’s economic woes. Many of the long-term problems the economy faces have been caused by successive governments’ underinvestment in science and innovation. For the last three [...]
Political rivalry will keep Transport for London in eternal financial purgatory August 4, 2022 People who live and work in London know the city would grind to a halt without an efficient public transport network. Almost half of the country’s 22 million public transport journeys undertaken every day are in London. Just a quarter of Londoners use a car to get to work – elsewhere it is 70 per [...]
New prime minister must up R&D funding or risk ushering in ‘low skilled’ economy August 4, 2022 The next prime minister must up the UK’s spending on science research and development (R&D) or risk losing its standing as a global leader, Tory-backed think tank Onward has urged today. In a report, supported by several MPs including former science minister George Freeman, Onward said the lack of spending risks damaging the UK’s core [...]
Letters: Football triumph must go deep August 4, 2022 [Re: England Women set for sponsorship offers after Euros success turns Lionesses into stars, August 2] As a footballer myself, I was especially delighted to see England win the Euros this weekend; such an incredible inspiration for everyone to see how the game has come on in the last decade. All eyes will now be [...]
