Germany tips into recession and analysts warn economy won’t get much better May 25, 2023 Germany slipped into an official recession over the winter, triggered by family finances being crushed by sky high energy bills, official figures out today show. Revised estimates from the country’s statistics agency, Destatis, revealed gross domestic product (GDP) contracted 0.3 per cent in the first three months of this year. The organisation previously thought output [...]
Flexi office firm Workspace slips to loss despite hybrid working boom May 25, 2023 London-focused office-space provider Workspace Group posted an annual loss on Thursday, hurt by a more than 3 per cent drop in the valuation of its properties, and warned high inflation levels would impact service charge and administrative costs. Office space providers across the globe have been battling with valuation and rental declines amid an increased shift [...]
Sweet treat for Tate & Lyle shareholders as profits jump north of £300m May 25, 2023 Food and beverage ingredient supplier Tate & Lyle continued its strong performance this year with a 22 per cent boost in profits, as it shrugged off concerns over supply chain volatility and benefited from inflation driving up prices. The group, one of the world’s biggest producers of sweeteners such as high fructose corn syrup, made [...]
Young’s hopes for repeat of bumper year with Rugby World Cup on horizon May 25, 2023 Pub chain Young’s has continued to weather the economic storm posting a hike in revenues for the year thanks to Royal celebrations and an exceptionally hot summer last year. The 223 strong chain, which operates largely in London and the South-East, said that revenues were up 19.4 per to £368.9m compared to £309.m in the [...]
Ukraine minister Oleksandr Gryban on how private investment can help rebuild the country May 25, 2023 Midway through last year, Ukrainian president Volodomyr Zelenskyy tabled a proposal to his finance lieutenants. Government support, both domestic and international, was flowing into the economy but the scale of economic damage wrought by Russia’s invasion needed a bigger remedy. The country needed an initiative to trigger the interest of the private sector: Advantage Ukraine was born.
Ed Warner: Football should offer players amnesty in wake of Ivan Toney betting ban May 25, 2023 This week Ed Warner examines what Ivan Toney’s betting ban means for football, the eye-watering cost of tickets for the Paris 2024 Olympics, and a nuanced take on the trans debate in sport. If you stick a betting company logo on a young man’s shirt, beam his image around the world for 90 minutes every [...]
City Pages: The five new books on our radar this month May 25, 2023 From hacking bears to scandal in Westminster, here's what we've been reading at City A.M. this month.
The Government has helped households with their energy costs, and simple tips and tricks can help out even more May 25, 2023 Everyone knows life is more expensive than it used to be, with inflation putting strain on everybody’s pockets. A lot of that increase comes from energy bills, which have gone up as a result of Russia’s invasion of Ukraine. The good news is that there’s plenty of government support available, and helpful tips which can [...]
Why are the Conservatives still so unimaginative on immigration figures? May 25, 2023 The current immigration system has meant less foreign workers filling up low paid roles, and no special treatment for people from the EU. But it hasn't given us any sense of authority, writes Will Cooling
Politics ‘antithetical’ to business, Greg Hands rival for Chelsea seat warns May 25, 2023 Politics is “completely antithetical” to sound business, former City banker Adam Knight preparing to take on Tory chairman Greg Hands in his former safe Conservative Chelsea seat has warned. Ex-Goldman Sachs trader Knight, 49, is the Liberal Democrat candidate in Chelsea and Fulham, where he will seek to put Conservative party chairman Greg Hands out [...]