Bank of England dishes out £25m in bonuses despite Andrew Bailey demanding wage restraint July 19, 2023 The Bank of England has dished out tens of millions of pounds in bonuses despite Governor Andrew Bailey and other senior officials demanding workers accept real terms pay cuts. Threadneedle Street rewarded staff with a total of £25m in one-off handouts over the last year, up from £23m in the previous year, according to a [...]
Rio Tinto warns of global slowdown risks amid production issues July 19, 2023 Rio Tinto flagged concerns about a global economic slowdown on Wednesday as it logged a raft of production issues across its operations.
Cities are ecosystems and we need to constantly refresh them July 19, 2023 Oxford Street is, despite the fact that most Londoners venture their only under the most extreme of Christmas present pressures, a literal shop window for the capital. That it has been recently taken over by garish American candy stores and knock-off vape shops is, therefore, less than ideal. The steps Westminster Council are taking, then, [...]
Illegal London candy stores turned into rent free shops in Oxford Street clean-up July 19, 2023 Oxford Street is set for a major revamp as Westminster City Council launches a new £10m scheme to transform London’s iconic high street. The council will make shops vacated by illicit candy stores, which have blighted the leading retail destination, available to small business owners rent free and lower their business rates by 70 per [...]
Restaurateurs reeling as no shows cost sector £90 per missing head July 19, 2023 Restaurateurs are reeling as punters not showing up for dinner costs businesses £90 per head, a new study has shown, leading many to consider throwing in the towel for good. A rising number of diners cancelling at the last minute, or just not turning up, over the last year has led to almost a fifth [...]
Pay growth stays at three decade high but inflation still stripping away wages July 19, 2023 Pay growth is running at its fastest pace in over three decades and has remained unchanged for the second quarter in a row, in a sign the Bank of England may have to back a bigger interest rate hike again next month. New figures out today from XpertHR reveal wages leapt six per cent in [...]
Met Police has ‘so much further to go’ in tackling racism and misogyny July 19, 2023 The Met Police still have “so much further to go” in rooting out racism and misogyny in the force, the mother of two murdered sisters has said. Mina Smallman said a lack of acceptance and transparency persists in the Met, and that instances of both good and bad policing should be highlighted more often. Smallman’s [...]
UK profit warnings hit highest yearly level since 2008, outside of pandemic July 19, 2023 The proportion of UK-listed companies that issued profit warnings in the past year was higher than any year since 2008, outside of the pandemic, according to new analysis. It comes as higher borrowing costs and a tougher sales environment have weighed heavily on businesses. Companies listed on the London Stock Exchange issued 66 profit warnings [...]
The Notebook: Neil Bennett on leaky deals, an archaic City ritual and a podcast with a point July 19, 2023 In his latest column for City A.M., the former journalist and now global co-CEO of advisory and communications firm H/Advisors gives his take on the Square Mile’s latest Deal leaks are part of the City’s plumbing A few days ago my firm, H/Advisors, published a survey about leaks, the financial information kind rather than plumbing [...]
Government planting less than half its target of trees, say MPs July 19, 2023 The government is planting less than half of its annual target of trees, raising concerns about how it will meet its nature goals.
