Virgin Atlantic’s chief warns Heathrow to prepare for winter after pandemic pandemonium November 2, 2022 Virgin Atlantic’s chief executive Shai Weiss said today Heathrow better be ready to welcome the hundreds of thousands of passengers expected during the peak winter period. “There is enough time to get ready for the peak winter,” he told City A.M. “We intend to fly and to serve our passengers and we expect Heathrow to [...]
Sainsbury’s adds 18,000 Christmas jobs in hiring spree November 2, 2022 Supermarket giant Sainsbury’s has announced plans to hire 18,000 seasonal staff this year. The hiring spree includes 15,000 roles at Sainsbury’s, 2,000 at Argos and 1,000 in logistics. Temporary staff will work up until 7 January 2023 with roles including fixed term contracts of between three and 12 weeks. It comes as supermarkets are battling [...]
Value of West End landlords’ assets dented by economic volatility November 1, 2022 West End landlords Shaftesbury and Capital & Counties Properties have had the valuations of their portfolios dented by economic turbulence in the last few months. The London-listed Shaftesbury, soon to be merged with neighbour Capital & Counties, posted an update about its first summer of trading not disrupted by Covid measures since 2019. Its portfolio [...]
Retailers gear up to win battle for Christmas online shopping rush November 1, 2022 Retail giants are battling to entice cash-strapped consumers with a slew of online discounts and sales this year. Spending is expected to slip by up to half on Black Friday this year, against a backdrop of a cost of living crisis, Wunderman Thompson research has forecast. Online retailers are set to benefit from the crunch, [...]
Apple’s main iPhone maker heads for production woes as Covid curbs tighten October 31, 2022 Apple’s main mobile maker Foxconn is preparing to shift production to other parts of China as Covid curbs continue to tighten across the country. Sources told Reuters that the production of the iPhone could slump as much as 30 per cent following the factory disruption. The main plant in Zhengzhou employs over 200,000 people and [...]
Christmas under threat: All poultry must be housed indoors amid ‘largest ever outbreak’ of bird flu October 31, 2022 Christmas turkeys are under threat as a massive outbreak of bird flu1 is forcing the UK to house all poultry and captive birds indoors. From 7 November, the birds will need to be kept indoors and follow stringent biosecurity measures, the chief Chief Veterinary Officer Christine Middlemiss said today. In a statement published by the [...]
Soaring interest rates could spark five per cent London house price fall October 31, 2022 Soaring interest rates and a tough cost of living crisis could send London house prices on a downward spiral, new research published today warns. Home prices in the capital are on course to shed five per cent next year, driven by sellers dropping prices to attract buyers hit by an affordability crunch, according to property [...]
The torrid week for tech continues as Amazon sheds £175bn October 28, 2022 The torrid week for tech continued last night, with Amazon leaving investors bewildered and Apple somehow defying the trend of its Silicon Valley cousins. Amazon shares tumbled as much as 18 per cent on Thursday night, wiping $202bn (£175bn) off its valuation. The major sell-off came after the e-commerce giant warned against weaker consumer spending [...]
It’s been a news rollercoaster, yet the crypto tracks have kept a straight course October 28, 2022 Jason Deane runs the rule over a week that has seen an avalanche of news narratives have very little impact on the price of Bitcoin.
Rail union calls on Mark Harper to ‘avoid the mistakes of Grant Shapps’ October 27, 2022 Rail union TSSA has called on newly-appointed transport secretary Mark Harper to “avoid the mistakes of Grant Shapps” and remove blocks to negotiations between workers and train operators. The relationship between former transport secretary Grant Shapps and union leaders has been a tense one, as unions accused him several times of blocking negotiations. Both Shapps [...]