Clearpay jobs at risk as BNPL firm winds down EU business June 28, 2023 Buy-now pay-later giant Clearpay is shutting down its EU operations and could lay off all its European staff, City A.M. can reveal.
Teasing supermarket execs won’t stop inflation, it’s suppliers we need to grill June 28, 2023 Supermarket bosses are an easy shot, but its suppliers making profits which would dwarf those of Tesco or Sainsbury's.
Sunak should be modelling his fiscal rules on Clem Attlee’s, not Margaret Thatcher’s June 28, 2023 Debt and inflation are nothing new, but economic conditions today are very different from the past. To get out of the current sandstorm, Sunak should follow the lessons of Clem Attlee writes Paul Ormerod
David Lloyd could be put up for sale as owners eye £2bn price tag June 27, 2023 TDR Capital is reportedly mulling a sale of its health and fitness business David Lloyd Leisure. The private equity firm is understood to have drafted in Morgan Stanley to advise on potential suitors for the business, Sky News reported. A sale will only be considered by if it draws a “sufficiently attractive valuation” for TDR, [...]
Supermarkets behaving badly: Asda and Morrisons bosses back ‘transparent’ fuel pricing model June 27, 2023 Supermarkets bosses have been grilled by MPs on prices at the pump and agreed to consider entering into a fuel model which would give more transparency. The government has been mulling a scheme whereby petrol stations would have to share live prices in efforts to bring more price transparency for drivers – a similar system [...]
London Overground ties up two year extension with train operator Arriva June 27, 2023 London Overground will be operated by Arriva for another two years, as its seven-and-a-half year contract was extended this morning. The train operator has run the capital’s transport network since 2016, with it now set to continue until May 2026. It was not made clear how much the extension is worth. This comes as the UK’s [...]
Why the man who brought New York living to London thinks the capital is set for success June 27, 2023 Property impressario Jon Hitchcox, the brains behind The Lakes by Yoo, remains optimistic about Lomdon's immediate future
Let’s all hand our cash over to the Treasury to pay off UK’s £2.5 trillion debt pile (not) June 27, 2023 Here’s a fun fact. If everyone in the UK worked for a year and gave all their earnings to the Treasury, the government could nearly repay the country’s more than £2.5 trillion debt pile. Alright, that’s oversimplifying the equation. But it does illustrate a principle in economics that often gets lost in the deluge of [...]
Bank of England and Rishi Sunak fail to win over investors on inflation fight June 27, 2023 Investors are sweating over Britain’s inflation problem running out of control and the Bank of England being unable to solve it any time soon, exclusive research for City A.M. has revealed. More than a year of raging prices has eroded confidence in policymakers’ ability to ease the cost of living crisis. Some 56 per cent [...]
Stock and bond prices fall for first time since 2008 financial crisis but only to $255 TRILLION June 27, 2023 The value of stocks, bonds and other financial assets across the world have fallen for the first time since the 2008 financial crisis as central banks globally have jacked up interest rates aggressively to tame stubbornly high inflation. Global financial wealth slimmed four per cent last year to $255 trillion, the first drop in 15 [...]