The world’s favourite airline? It’s certainly not British Airways anymore February 6, 2023 British Airways is getting its comms wrong. Banning pilots and hostesses from posting on social media while they work shows the airline prioritises money over its employees, writes Eliot Wilson
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]
Executive pay rises should not outstrip staff salary bumps, Aviva warns February 5, 2023 Aviva Investors has warned company directors that it would be “inappropriate” to award themselves bumper pay rises and urged them to recognise that record high inflation puts far greater pressure on the budgets of their frontline staff. In a letter to the 1,600 firms in which it has stakes, including many in London, the fund [...]
Week ahead: UK economy to narrowly avoid recession but GDP still expected to shrink February 5, 2023 The UK economy narrowly avoided a recession at the end of last year, new official figures out this week are expected to reveal. City traders think new GDP numbers from the Office for National Statistics on Friday will show the economy contracted 0.3 per cent in December, meaning the UK will have just about skirted [...]
Liz Truss breaks silence to blame media and ‘leftward’ shift for £45bn mini budget failure February 5, 2023 Liz Truss has broken her silence for the first time since being booted out from Number 10 to hit back at critics of her tax cutting, pro-growth economic agenda. Writing in the Sunday Telegraph today, Truss, 47, said she was never given a “realistic chance” to implement sweeping tax cuts designed to unshackle businesses and [...]
Soaring cost of living leaves service sector at its weakest in two years, but recession fears fail to blight UK business optimism February 3, 2023 The UK’s service sector saw business activity at the start of 2023 decline for the fourth consecutive month, with the weakest performance for two years. The S&P Global/CIPS UK services PMI survey showed a reading of 48.7 in January, down from 49.9 in December; any reading below 50 is considered a decline. Although only marginal, [...]
Bank Station: Cars will be banned from Square Mile accident blackspot as works to make area safer begin later this month February 2, 2023 One of the Square Mile’s most dangerous junctions is to go car-free in a bid to save lives and make it more tourist-friendly. The Queen Victoria Street junction with Bank Station will permanently close on 13 February, with the City of London Corporation embarking on a major redevelopment program. There is set to be major [...]
The Square Mile and Me: Lloyd’s of London’s Dawn Miller on her favourite City spots February 2, 2023 We dig into the memory bank of the City’s great and good. This week, Lloyd’s of London’s Commercial Director Dawn Miller tells us why she’s never too far from the market… WHAT WAS YOUR FIRST JOB? My first internship was for my state representative from Georgia when I was in University. He was a former [...]
Crypto AM Spotlight: Blu Canary Capital February 2, 2023 Crypto AM turns its spotlight on Blu Canary Capital as it brings together the worlds of security tokens, gaming, sports and entertainment in the metaverse.
Sony bumps up veteran CFO to president before elected decline in earnings February 2, 2023 Sony has appointed a veteran executive as its president to lead the Japanese electronics and entertainment conglomerate through times of change. Hiroki Totoki, Sony’s chief financial officer, will become president and chief operating officer, Sony said in a statement. Kenichiro Yoshida remains chairman and chief executive, signalling continuity at the Tokyo-based maker of PlayStation consoles, [...]