Number one: London is B Corp capital of the world with record 1,000 B corporations November 15, 2022 Britain has one of the largest and fastest-growing communities of sustainable businesses in the world as B Lab UK announces that there are now over 1,000 Certified B Corporations in the UK. B Corporations are businesses verified to high standards of social and environmental performance, transparency and accountability. Household names who are part of the [...]
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.
Sacre bleu! But complacency, not Paris, is the City’s real enemy November 14, 2022 Sacre bleu! Zut alors! The only possible reactions to news that Paris’ bourse has, by one measure, overtaken London’s stock exchange as Europe’s largest. The calculation sent a shockwave through the City’s lunch spots today, just about replacing the fear and dread associated with Thursday’s budget as the first topic of conversation. Could it be [...]
Amazon to slash 10,000 corporate and tech jobs – reports November 14, 2022 E-commerce behemoth Amazon is mulling laying off around 10,000 people, it has been reported, amid a torrid slew of tech lay-offs last week. According to a report in The New York Times, redundancies for corporate and technology roles could begin as early as this week, people with knowledge of the matter said. This would mark [...]
Workers at Jaffa Cake bars factory threaten ‘permanent strike’ over pay November 14, 2022 MORE than 750 workers at the Jaffa Cake bars factory have threatened to stage a permanent walkout over pay until bosses agree to get back to the negotiation table. Staff at the Aintree plant – who also make Jacobs Cream Crackers and Twiglets – have been taking limited industrial action since September over cost of [...]
Value of UK business tax breaks hits record £105bn in past year alone November 14, 2022 The value of business tax reliefs in the UK hit £105.3bn in the past year, up from £100.3bn in 2020-21, shows new research shared with City A.M. this morning. The £105.3bn figure represents the combined cost estimated by HMRC for the 58 significant tax reliefs available to corporates. However, these represent just a fraction of [...]
Lord Mayor says City must provide ‘financial resilience’ during UK recession November 14, 2022 The City must help provide “financial resilience” to help the UK get through the incoming recession, according to the new Lord Mayor of London. Nicholas Lyons, who is the 694th holder of the post, wrote in City A.M. today that “financial services industry must find ways to help people bridge this crisis by providing insurance [...]
Businesses call on Chancellor to boost regional growth by investing in tourism November 14, 2022 Businesses have called on Chancellor Jeremy Hunt to boost regional growth by investing in travel and tourism. Advocacy group BusinessLDN has called for the reintroduction of VAT-free shopping for international arrivals, as well as ramping up Border Force personnel to speed up queues at airports and ease visa processes for low-risk visitors such as children. [...]
Winds of change at Clipper Ventures as owners put it on the market November 13, 2022 The owners of Clipper Ventures will step back from running day-to-day operations as they look to put the company up for sale. Founded in 1995, Clipper Ventures is the organisation behind the Clipper Round the World Yacht Race, one of the most famous amateur sailing competitions in the world. The race restarted in March following [...]