The Festival of Words: From Gyles Brandreth to Anthony Scaramucci – all you need to know about the Fleet Street Quarter festival
Peel Hunt profits plunge 99 per cent amid capital markets slowdown December 1, 2022 Peel Hunt said profits plunged by 99 per cent in the first half of the year as it is hammered by a slump in initial public offerings and volatility on the markets.
Hotel Chocolat in the red amid ‘challenging’ current trading landscape December 1, 2022 Chocolate maker Hotel Chocolat has posted a £9.4m loss but said “people are still treating themselves with affordable luxury” despite a cost of living crisis. Its full-year results came in contrast to the previous year’s, where the London-listed firm posted a £3.7m profit after tax. “It goes without saying that the current environment is challenging [...]
Let’s be honest, MPs should be allowed to expense Christmas parties for staff December 1, 2022 It has been a gruelling year for politicians. From partygate to the cost of living crisis, toxicity about Members of Parliament is on its way up. A YouGov poll earlier this month found that over two-thirds of Brits believe that politicians are “merely out for themselves”. This is an increase of 9 percentage points in [...]
Exclusive: Poundland owner opens 3,000th Pepco store amid discount frenzy December 1, 2022 Discount giant Pepco has opened its 3,00th store, with a new Berlin site, as momentum swells for affordable goods while households tighten their belts. The owner of the Pepco, Dealz and Poundland brands told CityA.M. its 3,000th Pepco store opened its doors today, with plans to roll out hundreds more stores in the near future. [...]
10,000 ambulance workers vote to strike before Christmas November 30, 2022 10,000 ambulance workers have voted to strike before Christmas. Emergency workers in the GMB Union will walk out before the end of the year, with representatives across nine services to meet and decide dates. This comes as the cost of living crisis continues to pile pressure on people’s finances, with the NHS struggling to attract [...]
City bosses more Santa than Scrooge this Christmas as it rains parties, presents and bonuses in London November 30, 2022 Despite economic difficulties, London bosses are still planning to give their staff Christmas parties, presents, or bonuses. London employers appear to be going bigger on bonuses, with 56 per cent of London staff expecting a Christmas bonus, compared with just 23 per cent of those in both the South East and South West, and only [...]
Mulberry feels the chill of recession as boss calls for VAT-free shopping to boost tourist sales November 30, 2022 High-end accessories retailer Mulberry is beginning to feel the effects of the cost of living crisis and recession in the UK, with sales and revenue slipping over the past six months. Sales at its London stores on Bond St and Regent St have been hit hard by affluent tourists from the US and the Arab [...]
Unaffordable Christmas meals loom as food inflation skyrockets to record 12.4 per cent November 30, 2022 It has emerged that food inflation has surged to 12.4 per cent to hit a new record amid predictions of dampened Christmas cheer and an “increasingly bleak” winter. Overall shop prices are now 7.4 per cent higher than last November, up from 6.6 per cent in October, to set another record since the British Retail [...]
If we want Britain to be the next Silicon Valley, we need an Open University for skills November 30, 2022 The UK has a proud history as a technology pioneer: from the steam engine to the worldwide web, British inventors have been at the forefront of technologies that have transformed lives across the world. But today our status as one of the world’s leading science and technology hubs is under threat. Digital skills shortages, which [...]
EasyJet boss Johan Lundgren: Brits will continue to travel amid cost-of-living crisis November 29, 2022 Brits will continue to travel amidst the current cost-of-living crisis, according to Easyjet’s boss Johan Lundgren. The chief executive said that, despite limited visibility, the carrier is already seeing a strong demand for next year. “We have relatively low visibility overall, but we do see in general there is a strong demand and quite [a [...]