UK government to launch overseas hiring spree to fill Brexit care sector labour shortages August 19, 2022 The UK government is seeking to hire thousands of overseas workers to fill 160,000 vacancies in the UK’s care sector. The Department for Health and Social Care (DHSC) is exploring ways to make it easier for workers form countries including India and the Philippines to work in the UK’s social care sector, The Times reported. [...]
City Exclusive – Criminal barristers lured to law firms as strikes set to escalate August 19, 2022 City law firms are making concerted efforts to capitalise on the collapse of the criminal justice system by hiring disgruntled barristers into their firms, recruiters and law firms exclusively told City A.M. Legal sector recruiters said they’ve seen a sharp uptick in law firms approaching them seeking to bolster their teams by hiring criminal [...]
Tube strike brings London to a standstill as Uber raises prices due to increased demand August 19, 2022 London has been paralysed by a strike from workers on the Underground, Overground and bus service, as private hire taxi services like Uber and Bolt raise prices due to increased demand. All London Underground lines are closed on Friday 19 August following a walk-out called by around 10,000 members of the RMT Union on the [...]
Watch the trailer for Sky dramatisation of Boris Johnson’s first days in office battling Covid, Brexit and controversy August 19, 2022 As Boris Johnson enters his final few weeks in Number 10, the trailer for a new Sky drama detailing his first months in office has been released. BAFTA and Academy Award-winner Kenneth Branagh portrays the flamboyant prime minister in the tumultuous early stages of his term, as he battles the first Coronavirus wave, Brexit and [...]
Bosses at Joules brace for ‘significant loss’ in pre-tax profit this year August 19, 2022 Bosses at retailer Joules are bracing for a “significant loss” in profit in the first half of this year, as inflation and the recent heatwave hit sales. While the company expects its finances to improve in the second half of the year, the board announced today, Joules is expected to report a pre-tax loss for [...]
AGM attendance soars as shareholders press for change on ESG August 19, 2022 The number of shareholders attending annual general meetings has soared in the past year as shareholders look to hold bosses to account on issues like environmental, social and governance (ESG) and pay issues. Investors going to annual meetings has jumped 134 per cent in the past 12 months, according to data from over 4,700 global [...]
FCA warns providers of BNPL products about unregulated promotions August 19, 2022 The UK’s financial regulator has written to providers of Buy Now Pay Later (BNPL) products and the British Retail Consortium warning about unregulated promotions. The Financial Conduct Authority outlined that products must comply with promotion rules, and some unauthorised firms may be breaking the law if their products aren’t backed up by an approved company. [...]
Just Eat sells £1.5bn stake in Brazilian food delivery giant August 19, 2022 Delivery giant Just Eat Takeaway has sold its stake in Brazilian counterpart iFood for €1.8bn (£1.5bn) to local internet company Movile. The 33 per cent stake in iFood, which has dominated the market share in Brazil, will bolster Movile’s food ordering and delivery segment, although it also operates across ticketing and logistics. The deal includes [...]
UK retail sales recover with the lure of summer promotion deals despite inflation August 19, 2022 Retail sales have recovered since June, as penny pinching Brits seek to navigate worsening inflation, according to official figures today. Around three quarters of adults have said they are very or somewhat worried about the rising costs of living in the past two weeks, according to a separate poll by the ONS. Sales, carried by [...]
Government spending hits £76.5bn as public sector borrowing shrinks August 19, 2022 Government spending hit £76.5bn last month, some £3.4bn more than July last year, according to official figures today. Despite rampant inflation, public sector borrowing shrank by £800m to £4.9bn in the 12-month period, the Office for National Statistics (ONS) found. However, the figure remains far higher than July 2019, prior to the pandemic. Net debt [...]
