OneWeb takeover by Chinese state-backed rival raises national security concerns July 25, 2022 The proposed takeover of British satellite darling OneWeb by French rival Eutelsat has caught scrutiny over national security. The joint company, estimated to be worth around $6bn (£4.9bn), would create a satellite and communications powerhouse to compete against Elon Musk’s SpaceX and Starlink – which currently dominates the satcoms industry. Eutelsat, which is partly owned [...]
Investment in London’s commercial property market drags as economic woes deepen July 25, 2022 London’s commercial property market took a hit in the second quarter of 2022 as investment declined amid a weakening economic outlook, according to data by BNP Paribas. Central London properties experienced an eight per cent investment drop at £4.5bn compared to Q2 last year, with the number of office deals transacting at less than half [...]
Macro challenges, climate change and digitisation drive growth for tech firm SThree July 25, 2022 Macro-economic challenges, digitisation and the fight against climate change provided a major boost to science and tech firm SThree. The company reported a 64 per cent rise in profit before tax to £44.3m in the first half of 2022 compared 2021’s first half. SThree also made progress towards ESG targets with more than 16,540 people [...]
Office attendance continues to climb – and it helps if you’ve got a Pret nearby July 25, 2022 Office attendance is up by a third compared to January, new data from workplace provider IWG shows. The group also said its data contained evidence that having a branch of Pret a Manger nearby might boost attendance at work. The group said that there had been major hikes in visits to its office and co-working [...]
Truss and Sunak have gone astray as they fight for Thatcher’s legacy July 25, 2022 Liz Truss and Rishi Sunak will be glad the hottest day of the heatwave is over, because for the Conservative party it will be a long summer of heavy slog. As the final two candidates battle it out to claim the leadership they will criss-cross the UK for hustings in front of party members before [...]
As Westminster decides on its plan for growth, the City is ready to flex its potential July 25, 2022 The initial Conservative leadership debates were scattergun, trying to cover a broad range of social issues. But now we have two candidates, it has boiled down to one single issue: the economy. As we’re plagued with rising inflation and strikes disrupting our day-to-day lives, our future plan for growth is urgent, for the private sector, [...]
French satellite company Eutelsat poised to snap up British rival OneWeb July 24, 2022 French satellite company Eutelsat is poised to buy British rival OneWeb in a deal which will see the UK brought together with French and Chinese governments as common shareholders.
Investors urged to oust CMC Markets chair over boardroom diversity failings July 24, 2022 The world's largest shareholder group is urging investors to oust the chair of trading firm CMC Markets over a lack of female representation on its board.
BA staff call off strike for good following 13 per cent pay rise July 22, 2022 British Airways check-in staff in the Unite and GMB unions have called off planned industrial action after accepting a 13 per cent pay rise. “No one wanted a summer strike at Heathrow, but our members had to fight for what was right,” said GMB’s national officer Nadine Houghton. “This improved pay deal came because of [...]
Ukrainian poultry and grain giant faces ‘complex challenges and disruptions’ amid Kremlin’s war July 22, 2022 MHP SE, the parent company of a major international poultry and grain producer based in Ukraine, announced it is experiencing “complex challenges and disruptions” following the Russia-Ukraine war. The company suffered an 11 per cent decline in poultry production from 63,735 tonnes to 63,735 tonnes in June 2022 compared to a year ago and an [...]