GSK: Hundreds of workers at British pharma giant to strike in May in pay dispute April 19, 2023 Hundreds of workers at pharmaceutical giant GSK will stage a series of walkouts in May in a dispute over pay. Unite said 750 of its members have voted for strike action after rejecting a 6% pay offer and a one-off lump sum of £1,300, describing it as “significantly below” inflation. Unite said industrial action will [...]
Guided Buying: A Solution to Cut Costs, Mitigate Risks and Enhance ESG Standards April 19, 2023 Keeping a close eye on competition, enhancing your client offering, all the while managing to invest in innovation, has never been more important. With customers’ purse strings a good bit tighter, and rising inflation impacting the costs of business operations, running a tight ship and keeping up best practice is vital for companies to maintain [...]
Bitcoin price suddenly drops, laying out the bait for a whale feeding frenzy April 19, 2023 Panic-sellers are feeding these whales who are viewing the current Bitcoin price dips as discounts, says Nigel Green.
Will inflation ever fall back below 10 per cent? Yes, but we’ve been wrong before April 19, 2023 We find ourselves in the same situation again. UK inflation has topped the City and Bank of England’s expectations, hanging in the double digits in March at 10.1 per cent. The forecast was for it to slip to 9.8 per cent. Families and businesses will be forgiven for worrying whether it will ever fall back [...]
Bank of England to hike interest rates to five per cent after inflation tops forecasts to stay in double digits April 19, 2023 UK inflation has smashed expectations to stick in the double digits, in a sign that the cost of living crisis is still gripping families and businesses across the country, prompting markets to bet the Bank of England will hike interest rates to five per cent. The rate of price increases trimmed to 10.1 per cent [...]
Liontrust: Investors pull £2bn in three months – but pre tax profits set to beat expectations April 19, 2023 Asset manager Liontrust said it had been a “challenging” year today as it reported heavy outflows in the final quarter of the year and a tumble in its managed assets.
HS2’s £1.2bn London Euston project pause confirmed, but length of delay unclear April 18, 2023 A delay on constructing a 7.2km HS2 tunnel to Euston until 2024 has been confirmed, with the project’s final shape remaining unclear. Both the DfT and HS2 did not disclose how long the delay would be for, when approached by City AM. The government has delayed the development between Euston and Old Oak Common due [...]
Coronation: 250,000 tourists set to serve up a multi-million pound boost to London’s pub and retail sector April 18, 2023 London’s retail and pub businesses are gearing up for a multi-million pound boost in trade over the weekend of the King’s Coronation in May as tourists flocking to the city will send sales in drinks and shopping to new highs. Sarah Willingham, owner of bar group Nightcap PLC, told City A.M that the celebration is [...]
Insolvencies at ‘jaw dropping’ level as debt industry warns UK economy ‘is not out of the woods yet’ April 18, 2023 More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data that showed a 16 per cent increase on a year ago. The Insolvency Service reported 2,457 corporate insolvencies last month, up from 1,784 in February. The rate of companies falling into insolvency [...]
London economy powers ahead of every other UK region as the capital shrugs off recession fears April 18, 2023 London’s economy is firing on all cylinders and has raced ahead of every other region in the UK as spending in the capital climbs to the highest level in a year, a new survey shows. According to NatWest and S&P Global’s regional purchasing managers’ index (PMI), businesses in London are performing better than in any [...]