New Peloton chief bats away takeover talks after Amazon and Nike investor buzz February 14, 2022 Peloton’s new chief exec has denied claims that the firm is gearing up for sale, subduing investor excitement that the fitness company was about to be scooped up by Amazon or Nike.
Exclusive: What the departure of Lloyd’s of London would mean for the City February 14, 2022 Lloyd’s of London may be leaving its gigantic headquarters in the City. A pandemic-induced hit to office footfall has left it mulling a move to another location. The company told City A.M. recently it is weighing up leaving iconic headquarters’ as it seeks out ways to adapt to shifts in working habits brought about by [...]
Potential breakthrough as West may concede to Putin: Ukraine to drop NATO to avoid war with Russia, says diplomat in UK February 14, 2022 Ukraine may consider dropping its ambition to join NATO to avoid war with Russia, its country’s ambassador in the UK has suggested. Vadym Prystaiko told BBC Radio 5 that the country would, due to threats and blackmail, consider “serious concessions” including removing the goal of joining the NATO alliance from the Ukrainian constitution. It comes [...]
When in Rome (or Paris), while in your bedroom: the metaverse of the high street February 14, 2022 When Topshop announced they were pulling out of their flagship Oxford street shop last year, the fatalistic chatter about the end of the high street gathered colossal momentum. The store was eventually snapped up by Ikea, for £378m, but another hole was left in its wake, with House of Fraser closing down too. Despite this, [...]
US evacuating all embassy staff in Kyiv this weekend as thousands of Brits flee Ukraine February 12, 2022 US officials confirmed this morning the US is set to evacuate its embassy in Kyiv ahead of a possible Russian invasion of Ukraine. The news comes as thousands of Britons are being urged to flee Ukraine immediately over growing concerns that Russia could launch an invasion in the coming days. The Foreign Office updated its [...]
Office space: Inside the swanky new Conran and Partners offices February 11, 2022 The return to the office and the advent of hybrid working has been a hot topic for almost two years and it shows little sign of dying down. If you are lucky enough to work for Conran and Partners, you will have left Butler’s Wharf near Tower Bridge for your lockdowns at home, only to [...]
John Major: Johnson broke lockdown laws and is eroding British democracy February 10, 2022 Boris Johnson broke his own lockdown laws and is eroding trust in British democracy, according to former Prime Minister John Major. Major launched a withering attack on the PM today, saying his response to the partygate scandal made the government “look distinctly shifty” while too often “the truth has been optional” for ministers. Major has long [...]
Met to contact more than 50 people this week in partygate probe February 9, 2022 The Met police has announced it will begin contacting people believed to have taken part in Downing Street parties as well as reviewing its decision not to investigate a further party in December 2020.
Tech leaders push for UK listings overhaul as Arm heads toward New York float February 9, 2022 Tech leaders have called on government to ramp up efforts to overhaul listings rules after the owner of British chipmaker Arm indicated it would shun the London Stock Exchange in favour of a New York listing.
Bank of England chief wonk backs ‘steady handed’ approach to rate hikes February 9, 2022 The chief wonk at the Bank of England today backed a “steady handed” approach to rate hikes despite a projected more than seven per cent inflation peak. Huw Pill, the Bank’s chief economist and successor to Andy Haldane, said the Bank needs to hold fire on pursuing an “activist” approach to tightening monetary policy. Pill’s [...]