CBI president: UK must bring in more immigrants to deal with shortages October 4, 2021 The president of one of the UK’s largest business groups has called for the government to increase immigration in the short-term to deal with key worker shortages. Lord Karan Bilimoria, president of the Confederation of Business Industry (CBI), today told City A.M. that there should also be a government board that sets immigration targets to [...]
Cressida Dick drafts in external ‘anti-sleaze’ adviser to help root out predatory Met police officers October 4, 2021 Met Commissioner Dame Cressida Dick has committed to a review of her force’s standards and culture and will appoint a new “high profile anti-sleaze officer” to identify predatory officers, after a murder and a rape by two serving Met officers destroyed British women’s confidence in the police. Pressure on the commissioner to resign multiplied in [...]
Supermarket sweep: Sainsbury’s and Tesco singled out as next takeover targets – CityAM : CityAM October 4, 2021 Sainsbury’s and Tesco have been singled out as the next targets for buyout firms after the Morrisons deal. US investment company Fortress – which was beaten to the Morrisons takeover by private equity Clayton, Dubilier & Rice (CD&R) at auction – has indicated it is interested in other UK acquisitions. Joshua Pack, financier at Fortress, [...]
Lufthansa chief executive: After Covid-19 airfares will surge October 4, 2021 Lufthansa’s chief executive has said ticket prices will soar as a result of air travel recovering from the pandemic. Lufthansa chief executive Carsten Spohr has warned that airfares will surge, with passengers paying the pandemic’s economic price. As reported by the Daily Telegraph, Spohr believes that before the pandemic plane tickets were too cheap and, [...]
YOP is taken over by Pluto Digital October 4, 2021 Pluto Digital PLC, the crypto tech and operations company, has acquired all assets related to the innovative DeFi project Yield Optimisation Platform (YOP).
Insulate Britain activists block Blackwell Tunnel and Wandsworth Bridge October 4, 2021 Activists from Insulate Britain have launched their eleventh day of protest at London’s Blackwall Tunnel and Wandsworth Bridge today, according to reports. The Blackwall blockage is expected to hinder the route for commuters travelling into London for the east. It comes despite a government injunction put against them, prohibiting them from blocking traffic following a [...]
BrewDog hopeful of a better year after filing 2020 losses October 4, 2021 BrewDog has said the most recent trading numbers for its bar division “tell a very different story” to its yearly results for 2020. The company’s venues division posted a pre-tax loss of £10.4m for the year ended December 31 2020. This is compared to a pre-tax loss of £653,000 in 2019. What’s more, the company [...]
Future lifts full-year profit outlook as it snags a bout of new titles like The Week October 4, 2021 London-listed media group Future has upgraded its full-year profit outlook as it is on track to report yet another year of growth, reaping the rewards of the world’s swift pivot to online. “The board expects full-year adjusted operating profit to be at the top end of expectations1, following July’s upgraded forecast for the year,” Future [...]
Young Londoners want to stay in the city, but most are being priced out of properties October 4, 2021 Most younger Londoners do not want to move out of the capital to afford a home, but current property prices remain the biggest obstacle to being a homeowner for more than half of them, according to new research. The research, from affordable housing developer Pocket Living, also found that just two in ten of London’s [...]
Looming Opec supply increase propels oil prices to near-decade high October 4, 2021 Oil prices shot up to their highest level in almost a decade today after the cartel of oil producing countries said it would continue to flood the market with supply. International benchmark US WTI jumped 2.4 per cent to $77.67, the most a barrel has cost since 2014. The gains follow six straight positive weeks [...]
