UK loses over half a million work days to strikes and unions signal more to come November 15, 2022 The number of working days lost to strike action in the UK over the summer topped 560,000, stats out today reveal, and unions have warned this year’s total could hit the highest yearly number this century. The combined September and August figure is the highest two month total in over a decade, according to the [...]
Europe set for diesel supply scramble as high prices expose tight markets November 15, 2022 Europe could be scrambling for diesel supplies over the winter, the International Energy Agency, amid ultra-high prices.
Workers’ real pay erodes at historic pace despite huge wage rises November 15, 2022 Workers’ pay is still being eroded at a historic pace by rampant inflation despite employers hiking wages by one of the greatest amounts since records began, official figures revealed today. When taking off the Office for National Statistics’ (ONS) preferred measure of inflation, pay excluding bonuses dropped 2.7 per cent over the last three months, [...]
Ninety One suffers slump in assets as volatility hits November 15, 2022 London-listed asset manager Ninety One said it had suffered an eight per cent slump in its assets in the first six months of the year as its holdings were rocked by rising interest rates and soaring inflation.
Landsec books nearly £200m loss as it shrinks presence in London November 15, 2022 British property investment trust Land Securities, known as Landsec, has booked a nearly £200m loss over the past six months as interest rates sting. It follows a £275m profit in the same period last year, as the company retreats out of London. Landsec, one of the largest office leasers in London, has cut the capital’s [...]
Workspace says it’s not all doom and gloom for the capital November 15, 2022 Workspace said that despite the “economic doom and gloom”, the capital was still splashing the cash on offices. The London focused flexible working space said profits after interest climbed 33.5 per cent to £29.1m in the half year, driven by a 36.8 per cent (£15.1m) increase in net rental income to £56.1m and ongoing demand [...]
Vodafone shares slump as it ups cost savings and slashes earnings November 15, 2022 Vodafone shares are on track to hit their lowest point since 1997 this afternoon, paving the way for things to go from bad to worse for the FTSE 100 firm. Not only did the telecoms giant slash its forecasts for the coming year, but it also announced a new cost savings target of over €1bn [...]
Pro-choice voters made their choice and beat back a wave of Republican candidates November 15, 2022 After Joe Biden saw off a “red wave”, the central role played by one issue in buoying up Democratic performance is clear: abortion.
Hunt readies for biggest budget since Cameron and Osborne’s first outing November 15, 2022 Thursday’s budget (okay, Autumn Statement) is the biggest since David Cameron and George Osborne’s first statement in 2010, just after they seized the keys to number 10 (with a little help from the Liberal Democrats) from Gordon Brown’s Labour. Chancellor Jeremy Hunt faces a daunting task. Weaker than expected economic growth, high inflation and a [...]
Payouts fintech WeGift bags £26m funding as firms dish out cost of living support November 15, 2022 Digital payouts firm WeGift revealed it had bagged a £26m funding injection today as it looks to tap into a wave of firms dishing out one-off payments to staff and customers.