City Moves: Who’s switching jobs in the Square Mile this week? September 13, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Kantar Data insights company Kantar has appointed a managing partner to lead its consultancy practice. Natalie Vander Vorst is set to lead the 150-person strong practice, which advises brands on commercial and marketing strategies. Over her career, [...]
Energy bills is Kwarteng’s first priority, then we must claw back our dismal productivity September 12, 2022 A looming 15-month long recession. Highest debt burden since the 1960s. Biggest living standards shock on record. It’s not the best time to be managing the UK economy. But that’s exactly what newly appointed chancellor Kwasi Kwarteng has been tasked with. His problems can be split into three categories: short, medium and long term. Kwarteng’s [...]
Asos warn on profits as cost of living crisis hits consumers September 9, 2022 Asos has cautioned over profits after sales fell below expectations in August as consumers tightened their belts in response to rising bills. The online fashion giant said it saw “good growth” in June and July and expects total sales for the year to August 31 to remain within market expectations. However, it said it is [...]
London’s FTSE 100 kicks higher ahead of Truss energy package September 8, 2022 London’s FTSE 100 kicked higher today after new prime minister Liz Truss launched an around £130bn cost of living support package. The capital’s premier index climbed 0.33 per cent to 7,262.06 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.36 per cent to [...]
Economists warn UK to face blackouts under Liz Truss energy plan September 8, 2022 Economists today warned prime minister Liz Truss’s decision to freeze energy bills for everyone in the UK at £2,500 raises the risk of blackouts. Experts at the economic think tank the Institute for Fiscal Studies (IFS) said energy supplies may run dry due to the government propping up energy spending. “Households, businesses or governments… will [...]
Travel businesses need to be eligible for government energy cap September 8, 2022 Travel businesses should be eligible for the government’s cap on energy bills, according to travel association ABTA. ABTA, which represents UK travel agents, said the sector should receive financial support as it is heading into the low travel season with many companies still recovering from the pandemic’s impact. “With a fiscal statement expected later this [...]
Govia Thameslink staff balloted by TSSA union over possible fresh strike action September 8, 2022 Govia Thameslink train staff are to be balloted for industrial action in protest of pay, conditions and redundancies. Rail union TSSA will open ballots for hundreds of its members working at Govia Thameslink Railway, which includes four key franchises. Results of the ballot will be announced on 6 October and could impact Thameslink, Southern, Great [...]
Solve the housing crisis and net zero? Your home might be built Ikea-style September 8, 2022 If you find yourself on a walk in West Hampstead, it’s worth checking out a two-bedroom apartment called Camden Passivhaus. With its wooden exteriors, it is simple and elegant – a small gem hidden among terrace houses. It’s the first net zero house in the UK – meaning there were no emissions produced during its [...]
New justice secretary Brandon Lewis faces calls to ‘open negotiations’ with barristers September 7, 2022 Former secretary of state for Northern Ireland Brandon Lewis is set to succeed Dominic Raab as the UK’s new justice secretary. The 51-year-old MP for Great Yarmouth is set to face immediate pressure from striking barristers following calls from the chair of the Criminal Bar Association for “substantial positive movement” from the government. The appointment [...]
North Sea body and unions warn offshore workers against wildcat strikes September 7, 2022 The UK's leading North Sea body has warned against wildcat strikes tomorrow, as have unions including GMB, RMT and Unite.