Steaming inflation cuts Brits’ spending power at fastest pace on record July 19, 2022 The number of Brits in full time work reached record highs in the three months to May as unemployment rates held at 3.8 per cent, official figures have revealed today.
Chaos in south-west London as multiple streets are flooded while 70 firefighters rush to Kingston July 18, 2022 Several streets in south-west London have flooded following a burst water main. Around 70 firefighters and 10 fire engines responded to the scene on Galsworthy Road in Kingston upon Thames on Monday morning, alongside the police. Footage shared on social media shows flooding on several roads which have been closed nearby. Thames Water has said [...]
Slump in deal making nearly halves Goldman Sachs profits July 18, 2022 A weaker deal making environment has nearly halved Wall Street investment bank Goldman Sachs’s profits. Net earnings dropped to $2.8bn (£2.4bn) in the three months to June, down 48 per cent from $5.3bn (£4.5bn) in the same period last year, Goldman said today. Investment banking revenues collapsed nearly 50 per cent to $1.8bn (£1.5bn) driven [...]
Marbella is modern glamour meets rustic charm July 18, 2022 THE WEEKEND: The British love affair with the Costa del Sol continues, but away from the big developments and noisy bars the pretty town of Marbella is the region’s shining star. With its sophisticated clubs, luxurious hotels and world class golf courses its vibe dates back to the 1950s, when European royalty and Hollywood stars [...]
Heatwave: Severe delays on almost all tube lines as journeys down by 18 per cent from last week July 18, 2022 Londoners have stayed at home to avoid the extreme heat and travel disruption, with a marked decline in the number of journeys made today. London Mayor Sadiq Khan warned the train network would be operating with speed restrictions, which may cause delays, and commuters should consider working at home. On Monday morning, a number of [...]
Heatwave: Brits shun high street as businesses close to protect staff from scorching temperatures July 18, 2022 Brits have shunned the high street today as temperatures are expected to hit 40 degrees on Monday, while some businesses in London have closed. Office workers have shunned their workplace air-con and opted to avoid sweltering public transport, Springboard’s footfall figures reveal. Springboard’s ‘back to the office’ benchmark for central London office hubs shows that [...]
The dizzying tax promises of the Tory campaigns aren’t enough for the City July 18, 2022 IT WAS more than four years ago now since the outgoing prime minister, Boris Johnson, remarked to the Belgian ambassador to the EU that his approach to the private sector was “f*** business”. For a leading Conservative politician with ambitions towards Downing Street, it was an extraordinary thing to say. Yet it was clearly an [...]
Ex-No. 10 comms chief Jack Doyle heads for Square Mile PR firm July 18, 2022 A FORMER Daily Mail political journalist who became Boris Johnson’s Director of Communications will take a senior role at City PR firm Headland, City A.M. can reveal. Jack Doyle, who resigned from an embattled Downing Street in February, will become a partner at the Cannon Street outfit. Doyle is the latest in a line of [...]
Return of loan loss reserves crimp JP Morgan profits July 14, 2022 Swelling reserves set aside to deal with a historic inflation surge raising the risk of US consumers defaulting on their debts has eroded investment banking giant JP Morgan’s profits, the firm announced today. Net income dropped 28 per cent in the second quarter compared to the same period last year, driven by a $428m (£360m) [...]
Police forces must undergo a serious change to attract the best and brightest out there July 14, 2022 On his first day in office, Boris Johnson stood on the steps of Downing Street and committed to recruiting an additional 20,000 police officers by 2023. The commitment was central to the Conservative Party’s manifesto at the 2019 election. What the government is attempting to achieve is no mean feat. As well as recruiting the [...]