As we move on from Russia, let’s be clear-eyed about our relationship with the Saudis August 18, 2022 When it comes to foreign policy, hawkishness is clearly in vogue. In the Conservative leadership contest, both the Truss and Sunak camps have vied to accuse each other of being dovish on China and soft on Russia. Would prime minister Truss or Sunak be a surer friend to Volodymyr Zelensky? Who would bring the hammer [...]
PwC partners take more than £1m each as consulting arm bolsters firm’s revenues August 18, 2022 PwC today posted “exceptional” results for the past financial year after surging demand for advice, in the face of “challenges and opportunities on multiple fronts,” bolstered the accountancy firm’s revenues The uptick in revenues for the year ended on 30 June 2022 will see partners at the accounting firm receive payouts of £920,000 – up [...]
Extinction Rebellion activists ejected from Lord’s Cricket Ground after J.P. Morgan protest August 18, 2022 Environmental activists were ejected from Lord’s Cricket Ground after unfurling a banner protesting its ties to J.P. Morgan. Doctors for Extinction Rebellion hung a poster from the top tier of a stand during the first day of the first Test between England and South Africa on Monday. The protest was against J.P. Morgan, which it [...]
Historic inflation surge to swell UK debt interest bill to over £200bn August 18, 2022 A historic inflation surge is set to swell the UK’s debt interest bill to over £200bn, top economists have warned today. Britain’s public purse is set to come under intense pressure over the next two years that may cause the government to miss their borrowing fiscal rule, according to the Institute for Fiscal Studies (IFS). [...]
AO World swings to £37m loss as costs skyrocket August 18, 2022 Online electrical retailer AO World revealed it had swung to a £37m loss in the year to March as costs skyrocketed and pandemic-induced boom in sales dropped off.
Helios Towers revenue swells as it sets aside $650m for acquisitions spree August 18, 2022 Telecoms infrastructure company Helios has had its revenue swell by a quarter to over $265m, following a M&A spree in Africa. The London-listed firm, which focuses on the Middle East and Africa for its telecoms infrastructure, has also seen its phone tower sites jump by more than 2,000 over the past year to some 10,700 [...]
As UK faces three days of crippling train strikes Grant Shapps reveals 16-point plan August 18, 2022 Transport secretary Grant Shapps has unveiled a 16-point plan in a bid to tackle ‘Luddite’ unions, as industrial action brings the UK to a standstill. The announcement comes as 40,000 rail workers in the RMT and TSSA unions walk out on Thursday bringing much of the UK rail network to a grinding halt. A second [...]
Exclusive: Britain needs to keep building says Marshalls boss August 18, 2022 The Government must continue its plans to boost domestic infrastructure, argued the boss of building giant Marshalls.
Made.com confirms emergency measures to bolster balance sheet August 18, 2022 Furniture firm Made.com confirmed it is mulling a capital raise to shore up its balance sheet today as it grapples with a plummeting share price and soaring costs.
City Moves: Who’s switching jobs in the Square Mile? August 18, 2022 A roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Allen & Overy Law firm Allen and Overy has announced a new partner to lead its India Corporate practice. Harsh Pais joins A&O after an 11-year stint as a partner at Indian firm Trilegal, where he co-headed the [...]
