Private equity giant CVC drawing up bid for Center Parcs June 5, 2023 Global private equity firm CVC Capital Partners is reportedly drawing up an offer to buy Center Parcs after its current owner Brookfield put the holiday resort chain up for sale last month.
Nobu Shoreditch is back, now with ultra-chic new rooftop rooms June 5, 2023 The weekend: Like most London hotels, Nobu Hotel London Shoreditch was forced close in March 2020, due to the pandemic. It reopened some two years later, having taken advantage of its time out of the spotlight to upgrade its offering. Found in a quiet street in what is London’s most creative corner, just off Great [...]
Labour’s plan to wind down oil and gas extraction is ‘naive’ and risks ‘cliff edge’ for production, union chief warns June 4, 2023 Labour’s energy plans are “naive” and the party risks creating a “cliff edge” for production, a union chief has warned.
Ex-CBI chief Tony Danker considers suing scandal-hit lobby group over dismissal June 4, 2023 Former chief of the Confederation of British Industry is considering suing the scandal-hit lobby group after he was dismissed from the top job as the group became embroiled in a sexual misconduct scandal.
Epsom Derby: 19 animal rights activists arrested ahead of plans to disrupt event June 3, 2023 Nineteen activists have been arrested ahead of plans to disrupt the Epsom Derby on Saturday, police said. The group Animal Rising accused Surrey Police of “abusing” their powers after 19 people were arrested on Saturday morning based on intelligence received by officers. A spokesman for the force said 11 people were arrested at addresses in [...]
London Euston and Paddington deserted as 12,000 strike on FA Cup Final and Epsom Derby day June 3, 2023 Two of the busiest train stations in London were almost empty on Saturday morning as train strikes continue into their second day. Around 12,000 members of the drivers’ union Aslef and the Rail, Maritime and Train (RMT) union are on strike over pay and working conditions, affecting 15 train companies. Platforms at Euston Station in [...]
Recession uncertainty arrests UK business confidence upward march June 1, 2023 Uncertainty about whether the UK economy will tip into a recession caused by sky high inflation and the Bank of England hiking interest rates aggressively to tame it is keeping businesses grounded, a new survey out today shows. A five straight month upward rise in optimism among leaders of Britain’s biggest firms was arrested in [...]
Mark Kleinman dissects the CBI’s rescue plan – plus the boss of Vashi’s vanishing act and Man U’s other battle June 1, 2023 In five days time, Rain Newton-Smith must deliver the performance of her career. At an extraordinary general meeting of the CBI, she will seek to convince thousands of its members that it should survive the maelstrom which has brought it to the brink of collapse. The cards appear stacked against her. Already, the CBI’s principal [...]
Bank of England to surpass Federal Reserve and hike interest rates to 15-year high May 31, 2023 The Bank of England will have to hike interest rates to their highest level in more than 15 years to tackle sticky inflation that will stay above its target for at least another three years, a top Wall Street investment bank has warned today. Researchers at Goldman Sachs suspect businesses will carry on passing on [...]
People who get ‘poor’ bank rates should ‘shop around’, DWP sec Mel Stride says May 31, 2023 People who feel they are getting “very poor” interest on their savings should “shop around” and find a bank that will pay “a better rate”, the Work and Pensions Secretary has said. Mel Stride said some of the “stickiness” comes because there is “often inertia” and that it is “relatively easy to change and switch [...]