Heathrow Airport braced for October half-term chaos as baggage workers to strike September 13, 2023 Heathrow Airport is to face strike chaos this autumn, as 170 baggage staff walk-out in October in an ongoing dispute over pay. Members of the Unite Union, who conduct high-end maintenance and servicing of baggage carousels, will strike over 13 separate days in October. The strikes will be between 17:30 on the 6th and 6am [...]
FTSE 100 close: London lower on disappointing GDP data September 13, 2023 This comes after the UK economy shrunk by more than expected in July, with all sectors of the economy starting to come under pressure following Bank of England interest rate hikes.
Aviva to offload Singlife stake for £800m September 13, 2023 Aviva's transaction is expected to be completed in the fourth quarter of 2023, subject to regulatory approval.
Redrow: Another housebuilder warns on ‘standstill’ market as mortgage rates bite September 13, 2023 Redrow has become the latest housebuilder to be battered by a cratering market as it posts a four per cent slide in profit before tax to £395m in its full year results.
‘Recession may have begun’: UK economy craters 0.5 per cent in July September 13, 2023 Data from the Office for National Statistics (ONS) showed that the economy contracted 0.5 per cent in July. Economists had predicted a smaller fall of 0.2 per cent.
Zara owner Inditex extends lead over H&M as world’s biggest fashion company September 13, 2023 Zara owner Inditex reported on Wednesday a jump of 40 per cent in profit for the six months to July
The Notebook: Ian Whittaker on brand activism, the price of streaming and why you should give the 5am wake-up call a try September 13, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s leading City analyst Ian Whittaker Why businesses now have another worry on their list: the politics of their consumers The story of Bud Light is set to become a textbook classic of marketing courses everywhere. For those who are not [...]
Inflation forces firms to ditch ESG initiatives September 12, 2023 Inflation and rising costs are forcing firms to leave behind ESG initiatives in an effort to “keep their heads above water,” per a new survey. Firms are being forced into supply chain changes due to rising costs as well as disruption. Some 90 per cent of supply chains have experienced disruption in the past year, [...]
Pensions secretary: Triple lock has ‘very long term’ question marks as cost spirals September 12, 2023 The triple lock - set to cost an extra £2bn as a result of new wage growth data - may not be sustainable in the long-term
City groups call for action to prevent government rail fare hike September 12, 2023 Ticket prices could shoot up eight per cent if the DfT uses the same metric as it did this year to calculate the increase.