OnTheMarket CFO to depart role next year as property platform revenue booms August 1, 2022 Property search platform OnTheMarket has announced its chief financial office will be leaving the firm early next year. Clive Beattie has resigned from his position at the London-listed company to pursue another company, OnTheMarket infomed investors on Monday morning. The board has appointed consulting firm Korn Ferry to kick start a recruitment drive for a [...]
Heineken sales elevated as beer drinkers brush off price increases August 1, 2022 Brewer Heineken has seen beer sales leap in the first half of the year, despite growing pressures on consumers’ budgets. The drinks behemoth had seen “demand resilient until now despite mounting inflationary pressures on consumers’ disposable income,” according to Heineken chairman and CEO Dolf Van Den Brink. However, the brewer warned increasing costs meant it [...]
Businesses’ needs forgotten as Truss and Sunak up anti-immigration rhetoric August 1, 2022 As ballots start to land on the doormats of Conservative party members this morning, Liz Truss and Rishi Sunak have entered into what has been branded an “arms race” to tackle illegal migration. Both are playing a game of one-up-manship on who will limit the most people coming into the UK across the Channel. The [...]
JD Sports sells Footasylum to private equity firm after watchdog crackdown August 1, 2022 Trainer seller JD Sports has inked a deal to hand over Footasylum to Aurelius Group for £37.5m, following competition concerns. In recent weeks, JD Sports had been rumoured to be in talks with the German private equity group about selling the high street brand, which it attempted to takeover in 2019. JD said the sale [...]
Micro-businesses express apathy towards net zero agenda August 1, 2022 Millions of micro-business owners do not believe they can have a positive impact on the UK’s targets for a net-zero economY.
BP reveals plans for Berkshire-based £50m battery testing centre August 1, 2022 BP has unveiled plans to invest up to £50m in an electric vehicle battery testing centre and analytical laboratory in Berkshire.
Saudi Arabia’s attempt at a makeover is a global test to stoke liberalisation August 1, 2022 How would Los Angeles influencers, decked out in their finest, go in the Saudi desert, instead of the usual hotspot of the Coachella Valley? This was one of the questions Edelman looked at when making their pitch to Saudi Arabia that they could help the nation reopen themselves to the world again.
Dirty money being hidden on our shores will be brought into the harsh light of day August 1, 2022 THE world fundamentally changed on 24th February when Russia invaded Ukraine, a sovereign and democratic European country. This barbaric action demanded that the UK government take bold and decisive action, identifying all avenues by which we could choke off those supporting Putin’s campaign of destruction. On top of a comprehensive package of economic sanctions, we launched a [...]
Sky-high inflation slows UK private sector economy to ‘standstill’ August 1, 2022 Consumers reacting to scaling prices by cutting spending is expected to grind the UK economy to a halt, new surveys published today revealed. Private sector firms think they will squeeze out zero growth over the next three months, according to the Confederation of British Industry (CBI), the country’s largest business lobby group. Businesses are beginning [...]
Exclusive: UK small businesses on high recession alert August 1, 2022 British sole traders and small businesses are battening down the hatches in preparation for a looming recession, exclusive research shared with City A.M. reveals. Over three quarters of small firms are fretting over the UK economy steering into reverse, according to fintech firm iwoca. Firms are scrambling to boost their cash reserves to help weather [...]
