JD Sports appoints former B&Q exec as CEO August 2, 2022 JD Sports has named former B&Q executive Régis Schultz as new CEO, as the sportswear retailer hopes to put a slew of negative headlines behind it. Schultz is anticipated to join the London-listed retailer in September, with interim boss Kath Smith to resume her former role as a senior independent director on the board. He [...]
BP follows in rivals’ footsteps with near-record £7bn quarterly profits August 2, 2022 BP has unveiled profits of $9.3bn for the second quarter, powered by soaring oil and gas prices following Russia's invasion of Ukraine.
Virgin Money reports jump in accounts as lender braces for cost of living crunch August 2, 2022 Virgin Money boss David Duffy said the lender was braced to support customers through a cost of living crunch today as the high street lender reported a jump in digital personal and business accounts in the third quarter of the year.
Flat profit for Greggs as bakery chain vows not to shrink size of sausage rolls August 2, 2022 Sausage roll maker Greggs has posted flat profit after the return of pre-pandemic tax rates and heightened costs. In half-year results, the bakery chain posted pre-tax profit of £55.8m, up just slightly from the £55.5m posted in the first half of 2021. The London-listed chain said this was reflective of the re-introduction of business rates, [...]
Government rolls out £635m to boost energy efficiency across public buildings August 2, 2022 Hundreds of public buildings across England could be eligible for energy efficiency upgrades, as it looks to drive down energy bills.
Claims globalisation has ‘had its heyday’ are premature, Lloyd’s chief executive says August 2, 2022 Claims the dual shocks of Covid and the war in Ukraine have halted the “all conquering forces of globalisation” are “premature,” Lloyd’s of London chief executive John Neal told City A.M. In an op-ed in this newspaper, the insurance chief said that while we will “rightly see a degree of retreat and retrenchment” in [...]
Editorial: The next prime minister must put an end to our U-turn habit August 2, 2022 Rishi Sunak has promised to cut income tax to 16p in the next seven years after calling Liz Truss' plans to slash the tax burden were a "fairytale"
Even as we turn inwards to shore up security, globalisation is still alive August 2, 2022 Ten years ago, it would have been hard to imagine an end to the all-conquering forces of globalisation. Our world has been on a one-way ticket to integration since the mid-20th century – and it has shown little sign of return. Yet with the dual shocks of Covid-19 and the invasion of Ukraine revealing the [...]
We need to encourage home ownership, but Londoners can barely afford to rent August 2, 2022 IT COMES down to simple supply and demand economics. When a good or service becomes scarce and demand is in the ascendency, the price will go up. Tenants in the London rental market have found this out the hard way. It has been exacerbated by the pandemic, which held city rents lower than they should have [...]
Londoners rent out homes by the hour to offset rising costs, says Peerspace boss August 2, 2022 There has been a “huge uptick” in Londoners renting out their homes by the hour, as a cost of living crisis and an explosion in content producing for the likes of TikTok and YouTube collide, according to one property venture’s boss. After launching in the UK last year, Peerspace, a marketplace for “off the beaten track” [...]
