Exclusive: In war for talent, the rapid surge in pay is tipping the balance of power, says Edmond de Rothschild manager January 19, 2022 11 million. Eleven million is the number of job openings that are currently unfilled in the world’s largest market alone, the United States. In other words, Corporate America is looking for 11m workers to operate at a level that meets end demand. To put this figure into perspective, this is an all-time high and double [...]
WH Smith takes pandemic beating as spending dips at its travel stores in airports and train stations January 19, 2022 WHSmith has revealed the Omicron variant led to a fall in spending at its travel stores in airports and train stations during the final four months of 2021. The retailer added that high-street sales managed to improve during the same period – including in December as infection rates rose – however, overall, the company’s sales [...]
Brits’ living standards eroded by inflation spike casting doubt over economic recovery’s strength January 18, 2022 An inflation squeeze that is choking Brits’ pay packets is threatening to throttle the consumer led recovery. Brits’ take home pay is being corroded by the cost of living spiralling to the highest rate in recent history, revealed figures published yesterday by the Office for National Statistics. The damning data comes as the City braces [...]
Gattaca shares plunge by a third as recruiter demand falters January 18, 2022 Engineering and technology recruitment firm Gattaca had its share price plunge more than a third today, after warning investors of its “significantly” lower profits. The company said it will “breakeven” in terms of its underlying profit before tax for the year to July 31. Gattaca put the lower-than-expected profits down to faltering demand from its [...]
ProCook outperforms UK kitchenware market following stock market debut January 18, 2022 Kitchenware brand ProCook has posted 34.6 per cent revenue growth for the third quarter, in results on Tuesday morning. The firm reported revenue growth of 104.1 per cent on a two year like-for-like basis. The retailer made its debut on the London Stock Exchange following an initial public offering at 145p per share, which valued [...]
Johnson sacrificed the Tories low tax reputation and will pay the price for it January 18, 2022 THE TORIES are becoming a high-tax party because they have become a low-growth party. So said the Shadow Chancellor Rachel Reeves recently. And she’s right. The Conservative Party has increased taxes to a 71-year high. Government spending is the most it has been since the late 1970s. Meanwhile, our economic recovery remains fragile. Despite solid [...]
FTSE 100 breaks another post-lockdown record by breaching 7,600 mark January 17, 2022 London’s premier index smashed another post-lockdown record yesterday in a sign investors are looking through the Covid-19 crisis. The FTSE 100 closed 0.91 per cent higher yesterday, breaching the 7,600 mark for the first time since January 2020. Sentiment was boosted by international investors waking up to the fact that large swathes of companies listed [...]
Stansted joins London City in predicting passenger demand will surge in 2022 January 17, 2022 Stansted airport’s owner Manchester Airports Group (MAG) has joined London City Airport and predicted demand will surge in 2022 following the relaxation of Covid rules. After seeing booking soar following last week’s decision to scrap pre-departure and Day 2 PCR tests, the group is expecting demand to get back to almost pre-pandemic levels by the [...]
U-turn: Amazon says it will NOT block UK Visa credit cards from Wednesday in last minute deal January 17, 2022 Amazon just said it will no longer block UK Visa Credit cards from Wednesday, as the e-com giant initially planned to do. Under a last minute deal, UK-issued cards will still be allowed to carry payments, the company said. Amazon said it is “in talks” with Visa to reach an agreement. ‘Applying pressure’ Responding to [...]
Darktrace shares dive after short seller ShadowFall bets against tech darling’s stock January 17, 2022 Shares in tech darling Darktrace plunged this morning after reports emerged of short seller ShadowFall betting against the stock.