The Notebook: Ed Perry and Rosie Brown on hiring prison leavers, shopping local and saving our soil July 18, 2023 Ed Perry and Rosie Brown are the sibling owners of COOK, the ‘force for good’ frozen food innovator Closer link between prisons and firms can work for all The government’s call last week for businesses to hire more prison leavers is to be applauded. At a time when the public sector is short of good [...]
Government launches SMR competition to revive nuclear’s role in UK energy mix July 18, 2023 Government ambitions to boost nuclear's flagging role in the country's energy mix will be supported with a new industry vehicle.
Siesta! As even Sicilian sun-seekers complain, we need to change our working hours July 18, 2023 As a heatwave sweeps across Europe, we should be thinking of the impact these temperatures have on workers and productivity - and adapt before it reaches London too, writes Elena Siniscalco
Some honesty could spice up CEO meetings with Number 10 July 18, 2023 To listen to Downing Street, today’s meeting of the great and good of the British corporate world in Number 10 – as part of the “business council” – is part of a groundbreaking relationship between private sector and policymakers. It would be churlish to critique anything that brings our business leaders closer to government, but [...]
UK to issue visas for foreign construction workers to fill job shortages July 17, 2023 Carpenters, bricklayers and roofers are among migrant workers who will be allowed to apply for work visas and get a discount on fees in a bid to fill UK job shortages. The Home Office said it was “temporarily easing visa restrictions” for a string of construction roles by adding them to the shortage occupation list. [...]
US Federal Reserve will slash interest rates in March 2024, Morgan Stanley bets July 17, 2023 The US Federal Reserve will in the early part of next year slash interest rates for the first time since the onset of the Covid-19 crisis, Wall Street analysts are betting, Researchers at Morgan Stanley have said they expect the federal open market committee (FOMC) to bring rates down in the first quarter of 2024, [...]
UK inflation to fall to lowest level since March 2022 but Bank of England still tipped to hike interest rates July 17, 2023 UK inflation is on course to drop to its lowest level in over a year, but lingering underlying price pressures will heap expectation on the Bank of England to keep on hiking interest rates, new figures out this week are tipped to show. The rate of price growth in Britain is expected to have dropped [...]
Investment banking slowdown set to hit Goldman Sachs and Morgan Stanley results this week July 17, 2023 Goldman Sachs and Morgan Stanley will likely report another slowdown in profit on Wednesday and Tuesday respectively amid a continued slump in global dealmaking. Analysts at JP Morgan reduced their earnings per share estimates for Goldman Sachs and Morgan Stanley on “lower IB revenues…with limited cost offset”. The analysts cut Goldman Sachs’s EPS for the [...]
The Liberal Democrats and the long, hard climb back to political relevancy July 17, 2023 As Keir Starmer looks increasingly likely to be the next PM, Ed Davey's Liberal Democrats have a shot at power - if they can remind voters they exist, writes Eliot Wilson
Pound surges to strongest level since April last year as traders bet on further rate hikes July 14, 2023 The pound has surged to its strongest position in over a year over the past week as traders bet the Bank of England will have to hike rates further and faster than global counterparts. Since the beginning of the month, the pound has risen from below $1.27 to trade at over $1.31. The last time [...]