Explainer-in-brief: A new kind of University challenge over fees August 23, 2022 Last week, British students got their A-levels results. But they barely had time to celebrate before they were thrown into a quarrel over university tuition fees over the weekend. Some university bosses are calling for an increase in the fees that British students pay, arguing that as things currently stand it makes more sense for [...]
Shoppers spend more at convenience stores this summer while volume sales at large grocers dip August 23, 2022 Convenience stores have seen sales buoyed this summer, as shoppers coughed up £3.6bn on groceries in them over the past month. Over the four weeks to 13 August, convenience stores made up some 28.9 per cent of sales, according to fresh data published by NielsenIQ on Tuesday. Total till grocery sales saw a growth of [...]
Musk launches legal request to summon Twitter founder Dorsey to court August 23, 2022 Elon Musk has launched a legal request to summon Twitter co-founder Jack Dorsey to court in his battle to walk away from a $44bn deal to buy the social media company, according to a court filing.
Wood Group posts flat revenue but confident performance will improve in second half August 23, 2022 Engineering firm Wood has posted flat revenue after a decline in its projects and operations arms. In half year results for the six months ended 30 June 2022, the London-listed firm posted revenue of $2,561m, down 0.4 per cent on the $2,570m in the comparable period in 2021. Adjusted EBITDA fell 5.1 per cent to [...]
Business secretary clears deal for BT shares by French billionaire Patrick Drahi August 23, 2022 The acquisition of BT shares by French billionaire Patrick Drahi’s Altice has been cleared by the business secretary after a review under the National Security and Investments Act (NSIA). Drahi’s company is now set to increase its BT stake from 12 per cent to 18 per cent, after announcing the decision in December. In a [...]
Saga bolsters board in push to pandemic recovery August 23, 2022 Over 50s specialist Saga has called in three new directors to bolster its leadership team today as it looks push ahead with its recovery from a pandemic slowdown.
Truss accused of doubling sewage dumping and cutting £235m during time at DEFRA August 23, 2022 Tory leadership frontrunner Liz Truss has been accused of having cut £235m from the environment agency during her time at the helm, which doubled sewage dumping/ Labour accused the foreign secretary of presiding over the cuts during her time at the helm of the environment agency (EA) at the Department for Environment, Food and Rural [...]
Iceland to launch energy labelling on food as households battle sky-high bills August 23, 2022 Iceland will launch energy saving cooking guidance on packaging this autumn, as it partners with an energy firm on providing cost-cutting tips to households. Through a joint campaign, Iceland and Utilita are carrying out a dramatic overhaul of the supermarket’s own-product packaging to focus on energy efficient cooking methods. From early next month, the ‘Shop [...]
City Moves: Who’s switching jobs in the Square Mile? August 23, 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 Property consultancy Knight Frank has appointed a new head of lettings in its King’s Cross office. Joining from the firm’s Canary Wharf office where he was a most recently an associate in the lettings team, [...]
30-min weekly shop: Uber Eats and Co-op team up for rapid delivery service August 23, 2022 Co-op and Uber Eats are partnering up for a speedy service as the grocery sector’s battle for convicent delivery hots up. On the Uber Eats app, shoppers can order more than 6,000 products from around 1,000 Co-op food stores. Groceries are to be delivered in as little as 30 minutes, the firms said on Tuesday [...]
