After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Hays: Hiring slowdown hits profit as longtime boss steps down August 24, 2023 Global recruitment firm Hays has appointed a new chief executive after a near six month hunt for a new head. The London-listed company named Dirk Hann, its current managing director of Hays Germany and CEMEA as replacement for Alistair Cox, who said was stepping down after 15 years at the helm in February. Hann will [...]
Pret-A-Manger doubles discount on Club Pret as chain looks to take scheme international August 24, 2023 Pret-A-Manger will double the discount it offers on its Club Pret subscription from 10 per cent to 20 per cent as the chain rolls out the loyalty scheme worldwide. Lovers of the cafe’s sandwiches and snacks will now enjoy further discounts alongside five ‘free’ coffees a day. However, Pret will still charge £30 for the [...]
Which? urges Ofcom to probe Virgin Media rate hikes August 24, 2023 Which? has called on Ofcom to probe Virgin Media’s pricing tactics, accusing it of “egregious” tactics and “woeful” customer service. The consumer champ said Virgin could be breaking the law by giving itself “sweeping powers” to hike broadband bills by “unlimited sums” whenever it feels like it. Plus, the telecoms company is reportedly slapping on [...]
Liverpool set to lose millions after Anfield redevelopers cease trading August 23, 2023 Liverpool chiefs admit they do not know when the redevelopment of their Anfield Stadium will be completed after constructors the Buckingham Group ceased trading and filed a notice to appoint administrators. An £80m upgrade to the club’s Anfield Road Stand which is due to increase capacity to 61,000 had already been hit by delays when [...]
Calls to cut taxes show ‘questionable judgement’, economists warn August 23, 2023 Economists have warned that calls from Conservative MPs for Chancellor Jeremy Hunt to cut taxes after improved borrowing data emerged show “questionable judgement”. Three backbench Conservatives piled the pressure on, according to the Financial Times, with calls for “personal tax reductions” to “stimulate the economy”. The pleas came after figures from the Office for National [...]
I see the Online Safety Bill as a digital double-edged sword August 23, 2023 Susie Violet Ward asks if the Online Safety Bill is nudging us closer to a digital dystopia like Orwell's 1984?
Ocado unveils price cuts on 200 goods as shares rise slightly August 23, 2023 Ocado’s share price grew just under one per cent on Wednesday following news it would slash prices on 200 more goods to entice customers. In recent months the tech-driven supermarket, which is owned as part of a joint venture with M&S, has been distancing itself from its reputation as an upmarket grocer with the brand [...]
FTSE 100 close: London markets finish in the green despite PMI dip August 23, 2023 London markets rose today despite new PMI data showing a significant slump in UK business activity. The FTSE 100 closed up 0.72per cent after a day in the green, while the FTSE 250, which is more aligned with the health of the UK economy, climbed 1.1 per cent. S&P Global’s Purchasing Managers’ Index (PMI) for [...]
PMIs: UK economy slips hard in August as recession warning lights flash August 23, 2023 The UK economy has contracted significantly this month according to a closely-watched index - triggering renewed recession warnings
UK pay deals cool for first time in 2023, easing pressure on BoE August 23, 2023 Pay deals awarded by British employers cooled for the first time this year in the quarter to July, which may calm the worries of Bank of England officials who fear wage growth is feeding inflation, a survey showed on Wednesday. Median basic pay deals in the three months to the end of July fell to [...]