Zalando chief cuts marketing rather than jobs as the retailer battles inflationary pressures August 14, 2022 European fashion giant Zalando chief has said the company is turning to marketing cuts rather than job cuts as the sector grapples with a consumer spending slowdown.
Exclusive: Energy boss slams Lord Frost for ‘guilty men’ net zero criticism August 14, 2022 The boss of a UK supplier has slammed net zero critics who have blamed renewables and climate policies for the ensuing energy crisis.
Graduate salaries climb at fastest rate in decades despite inflationary pressures August 14, 2022 Graduate pay packets have climbed at the highest rate in decades, despite employers feeling the inflationary pinch. According to a report from the Institute of Student Employers (ISE), graduate salaries were up seven per cent on average in the past year— the sharpest rise in 20 years. On average, graduate salaries have risen two per [...]
Saudi Aramco revels in record profits amid booming oil and gas prices August 14, 2022 Saudi Aramco (Aramco) has smashed its quarterly profit record set in May, powered by soaring energy prices following Russia's invasion of Ukraine.
Week ahead: City shapes up for possible double-digit inflation August 14, 2022 The City is bracing for a week brimming with big economic announcements that will shed more light on the health of the UK economy. London’s premier FTSE 100 index notched a decent performance last week, gaining nearly one per cent to close at a shade over 7,500 points. The mid-cap domestically-focused FTSE 250 index, which [...]
Exclusive: Good Energy boss hits out at ‘misty-eyed’ calls to nationalise utilities August 14, 2022 People should not get "misty-eyed" over nationalised utilities, argued Good Energy boss Nigel Pocklington.
Mark Cuban goes head-to-head with World Mobile CEO over Cardano August 14, 2022 Billionaire entrepreneur and crypto investor Mark Cuban locked horns with World Mobile's CEO Micky Watkins this week.
UK’s professional services sector weathers economic headwinds August 13, 2022 The UK’s professional services sector has continued to grow its turnovers in the face of major economic headwinds, new UK government data shows. The accountancy sector’s turnovers increased 3.7 per cent, from £3.41bn in May to £3.54bn in June, the Office for National Statistics (ONS) data shows. The country’s legal sector also saw its turnovers [...]
Abrdn snaps up stake in London crypto startup Archax August 13, 2022 Scottish asset manager Abrdn has bought a stake in the UK’s first regulated crypto trader Archax in a major vote of confidence in blockchain technologies and cryptocurrencies. The acquisition, for an undisclosed sum, will see Abrdn become the crypto startup’s largest external shareholder, the crypto firm said in a statement. Launched in 2018, Archax is [...]
Peloton sends staff back to the office in far-reaching turnaround plan August 13, 2022 Exercise bike maker Peloton has set out plans to hike its prices, cut costs, and force its staff back into the office, as it seeks to turnaround after demand for its home gym equipment dipped following the lifting of Covid-19 restrictions. In an internal memo published by Bloomberg, the New York headquartered running machine seller [...]
