Exclusive: The boss of London’s oldest office provider returns from retirement to drive the City’s bounce-back April 4, 2022 As we passed the two-year anniversary of the first lockdown last month, City A.M. sits down with the CEO of London’s oldest office provider, who came out of retirement to drive the business’ post-Covid recovery. Shedding light on how the business and City has suffered, Argyll CEO John Drover reveals to this paper how his [...]
Your flight too? Outrage and chaos at UK airports as tens of thousands are stranded after easyJet cancels record 222 flights April 4, 2022 Travel chaos and disruption is expected to continue today after easyJet cancelled more than 200 flights over the weekend, leaving tens of thousands of Brits stranded at airports across the UK. The airline blamed the problems on high levels of sickness among employees caused by Covid, with at least 222 trips axed since Friday. It [...]
Hospitality firms receive less than half of £635m Omicron support package despite fierce struggle to survive April 4, 2022 New analysis has found that hospitality firms in England affected by Omicron have received less than half of the £635m support package promised by the Government. The Treasury announced funding in December to provide a lifeline for businesses suffering from mass cancellations and declining footfall over the Christmas period when the Omicron variant of coronavirus [...]
Cost of living squeeze deals financial crisis level blow to Brits’ optimism April 4, 2022 Brits’ optimism is eroding at the fastest pace since the financial crisis amid the tightest cost of living squeeze in a generation, reveals a closely watched survey released today. A combination of inflation scaling to its highest rate in three decades, tax hikes, swelling energy bills and weak wage growth have bound together to deal [...]
London tech investors launch £30m AI and fintech fund April 4, 2022 A group of top fund managers has helped a consortium of London tech investors launch their third fund in as many years aimed at channelling funds into fast-growing AI, fintech and mobility firms. London Technology Club (LTC) is targeting raising over $40m (£30m) to be injected into between 20 and 25 investments over a one-year [...]
Christian Eriksen: How January gamble on Denmark midfielder saved Brentford’s season April 3, 2022 Brentford owner Matthew Benham made his fortune from shrewd gambling but even he couldn’t have foreseen how emphatically the club’s punt on Christian Eriksen would pay off. The Bees took a chance on Eriksen in January, just weeks after his release by Inter Milan and seven months on from his near-fatal on-field cardiac arrest at [...]
Weekend Read: Most Brits believe their last pay rise was unfair April 2, 2022 Two in three workers think their most recent pay rise was unfair and didn’t reflect their job performance Despite this, only one in nine are actively job hunting and interviewing for a new role, new research by HR and payroll software provider CIPHR suggests. The pay rise study, based on a survey of over 1,000 employed British [...]
Which FTSE 100 stocks should you keep an eye on? April 1, 2022 Despite the FTSE 100 rising last month, rising issues could cause them to fall in April. But some may resist the trend. BAE Systems (LON:BA) BAE Systems shares are up 30% to 722p year-to-date, after it was boosted by sentiment over Russia’s invasion of Ukraine and encouraging full-year results which saw sales grow by 5% to [...]
Growth in UK manufacturing sector plummets to 13-month lows April 1, 2022 Growth in the UK’s manufacturing sector has plunged to its lowest levels in more than a year, due to the impacts of soaring inflation, supply shortages, and the war in Ukraine. The rate of expansion in the UK’s manufacturing sector has dropped to its lowest levels in 13 months, according to S&P Global’s Purchasing Managers [...]
1 Minute Market Rundown – 1st April 2022 April 1, 2022 Russia – UkraineQ1 finally behind usCrypto consolidates Well we can finally put Q1 behind us. A war few expected to happen, nominal yields had a move not often seen, oil soaring and stocks…well that’s a bit more mixed as looking at the S&P performance on the quarter you would be forgiven if you forgot how [...]