BBC ‘set to slash jobs’ as it revamps news output in cost-cutting plan January 22, 2020 The BBC is said to be on the brink of announcing a wave of job cuts in its news division as it looks to revamp its output before the next director general takes the reins. The cuts are likely to affect popular news programmes such as Victoria Derbyshire on BBC Two and Radio 4’s Word [...]
JD Wetherspoon toasts Christmas sales but warns on debt January 22, 2020 Pub chain JD Wetherspoon reported this morning that sales were up over the Christmas period, but warned that full-year debt will be higher than expected due to a spike in capital expenditure. The pub operator said like-for-like sales in the 12 weeks to 19 January increased 4.7 per cent, and total sales were up 4.2 [...]
UK borrowing falls ahead of spring Budget January 22, 2020 The UK government borrowed less than expected in December, official data has shown, as chancellor Sajid Javid prepares to boost spending in his March Budget. Borrowing in December was £4.8bn, less than expected and down £0.2bn compared to the same month a year earlier, the Office for National Statistics (ONS) said. Yet for the financial [...]
HS2: Right project, wrong pitch to the public January 22, 2020 HS2 will become a case study in the importance of having your corporate communications in order. Since the beginning, protestors have successfully framed the project as being about shaving 10 minutes of a journey between Birmingham and London, and this narrative has cut through to the media, members of the public, and even politicians. While [...]
Our way, not the Huawei — for the sake of national security January 22, 2020 Boris Johnson might have been forgiven for thinking that the biggest dilemma he inherited from Theresa May would be how to resolve Brexit. But a second straggler from the May era has reared its head to disrupt the post-election serenity. How the Prime Minister chooses to deal with it may have long-term effects as important [...]
Record number of flights for private jet airport Farnborough January 21, 2020 Farnborough Airport enjoyed a record number of air traffic movements last year, beating its previous record set in 2018. The airport – one of Britain’s busiest for private jets – saw a year-on-year increase in air traffic movements of 5.3 per cent. Air traffic movements to and from US airports grew by one-sixth, while traffic [...]
The City highlights its importance ahead of key Brexit talks January 21, 2020 The City has outlined its importance to international finance ahead of crunch EU talks with a report that shows it continues to outperform other financial sectors in helping firms tackle risk. It comes as a debate rages over how close the UK should stay to the EU after Brexit. Chancellor Sajid Javid at the weekend [...]
Davos 2020 live: Carrie Lam ‘disappointed’ by rating downgrade January 21, 2020 Please manually refresh this page for our latest Davos 2020 updates. The World Economic Forum at Davos is focusing on sustainability this year. US President Donald Trump is set to make a special address, despite his impeachment beginning in the Senate. Environmental activist Greta Thunberg hosts a panel session. Read more: What is Davos 2020? [...]
Samuel Tak Lee announces plan to vote against Shaftesbury’s board at AGM January 21, 2020 Billionaire property magnate Samuel Tak Lee announced today he will vote against West End landlord Shaftesbury’s board at a meeting this month, as a long running dispute between the pair rumbles on. Lee, the owner of rival London landlord Langham Estate, is the largest shareholder in Shaftesbury, and launched legal action against the firm [...]
City Moves for 21 January – Who’s switching jobs at Grosvenor, UHY Hacker Young and Bfinance? January 21, 2020 Today’s City Moves includes Grosvenor, UHY Hacker Young and Bfinance Grosvenor Property firm Grosvenor has announced the appointment of Tor Burrows as director of sustainibility and innovation — a new role designed to galvanize delivery of our environmental goals for 2030 which will see the business become net carbon zero. Tor will sit on the [...]