Netflix and starve: Cash strapped Brits cut back on groceries and spend more on TV subscriptions April 11, 2023 Cash strapped Brits have cut back on grocery shopping and dining out last month, but spent more on streaming services services Netflix. Consumer card spending grew just 4.0 per cent year-on-year in March, less than half of the latest inflation rate of 9.2 per cent, as the cost of living crisis drives consumers to cut [...]
CBI boss Tony Danker ‘dismissed with immediate effect’ amid investigation into sexual misconduct claims April 11, 2023 Tony Danker has been “dismissed with immediate effect” as head of the CBI following an investigation into workplace misconduct. It comes after the Confederation of British Industry (CBI), Britain’s biggest trade body, launched an investigation into allegations of sexual misconduct. Danker stepped aside as director general amid allegations of misconduct in March, while three other [...]
Junior doctors launch four-day strike over pay: What does it mean for you? April 11, 2023 Junior doctors across England have launched a four-day strike in a worsening dispute over pay which threatens huge disruption to the NHS. An estimated 350,000 appointments, including operations, will be cancelled as a result of the walkout by members of the British Medical Association (BMA). Doctors mounted picket lines outside hospitals from 7am on Tuesday [...]
Why has an Enfield Barclays branch been given Grade 2 listed status? April 10, 2023 An “exuberant” Barclays branch in London, home to the world’s first automated teller machine (ATM), has been given heritage status as the number of ATMs around the country continues to decline. The bank branch, situated at 20 The Town, Enfield, was fitted with the world’s first ATM in 1967 by the actor and comedian [...]
Four-day junior doctor strike could impact ‘patient safety’ April 8, 2023 Up to a quarter of a million appointments and operations could be postponed due to four days of strikes by junior doctors, the NHS Confederation has warned, amid fears over patient safety. Dr Layla McCay, director of policy at the confederation, said health bosses were more concerned about the impact of the latest walkout – [...]
Is it over now? Where next for the banking crisis in Europe April 7, 2023 Is that it? After a few weeks of exhilarating volatility, European banking stocks have settled into a more reliable pattern. It seems dramatic regulatory interventions have stemmed the possibility of immediate financial difficulties. The question now is whether the events of the past few weeks are symptoms of wider financial problems which will be brought [...]
Barclays shareholders urged to vote against excessive executive pay package after ex-CFO cost bank millions April 6, 2023 Glass Lewis has recommended that Barclays’ shareholders vote against a pay plan for its executive team, citing excessive pay for its former finance chief who was in charge when a trading blunder ended up costing the bank hundreds of millions. While Barclays docked £1m from the pay of its top executives in February, proxy advisor [...]
Mark Kleinman: This licence to print money may soon run out of road April 6, 2023 How’s that licence to print money going? Not so well if you’re a long-standing investor in De La Rue, the authentication and currency specialist which has managed to squander a market-leading position and hundreds of millions of pounds in shareholder value. Oberthur Technologies, its French-based peer, tabled an indicative offer in 2010 worth 905p-a-share, or [...]
Meet the KPMG dealmaker putting the Big 4 firm in the green energy mix April 5, 2023 Hardly a week goes by without a new survey showing the slump in M&A activity in 2022. By some estimates M&A dropped 18 per cent after the flurry in 2021. However, looking a little closer reveals a more nuanced picture. Mid-level M&A remained fairly consistent while certain sectors saw continued growth. One of the most [...]
New ‘endorsing body’ set to take on Tech Nation visa programme April 4, 2023 A new body is set to take over management of the feted tech talent visa programme from Tech Nation after the start-up group closed its doors at the end of March, the Home Office has confirmed.