Exclusive: Most business managers don’t think it’s their job to help staff with cost of living woes October 6, 2022 Most business leaders do not see it as their responsibility to support staff with financial woes. New figures exclusively shared with City A.M. this morning from financial wellbeing Mintago lifts the lid on a lack of strategy for British firms during the cost of living crisis. Surveying 762 managers, almost 40 per cent said they [...]
Amazon to pay staff £500 cost of living payment as union urges tech giant to do more October 6, 2022 Amazon will make a one-off payment of up to £500 for its hourly paid employees to help them with the cost of living crunch while it attempts to fend off union criticism on pay. Employees will receive two instalments of £250, one this month and one later in December. It comes as Amazon has received [...]
Mark Kleinman: Vodafone pressure, steel woes and a new business boss October 6, 2022 Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Vodafone boss hopes deal eases the pressure At last, an engaged tone. Two months after I wrote in this column that Nick Read, the Vodafone chief executive, was looking nervously over his [...]
OPEC+ finalises heavy oil output cuts in bid to boost sliding prices October 5, 2022 The world's most influential oil cartel, OPEC+, has agreed to its deepest cuts in production since the pandemic.
Outrageous raging inflation, and the distortion of CPI October 5, 2022 This week, Dr Chris Kacher pours scorn on CPI while speculating on what might happen if quantitive easing is introduced again.
Offshore workers back North Sea strikes over pay dispute October 5, 2022 Hundreds of offshore workers will go on strike for ten days between now and the end of the year following an escalating dispute over pay.
EV sales drive new car market growth in September October 5, 2022 The sale of electric vehicles (EVs) has driven a 4.6 per growth in September’s new car market, according to data published today. Figures from the Society of Motor Manufacturers and Traders (SMMT) reported that new electric vehicle registrations grew by 16.5 per cent to more than 38,000 units. After March, September is the second-biggest month [...]
Services economy stalls as UK ‘drifts’ toward recession October 5, 2022 Britain’s all important services economy is stagnating, driven by consumers cutting spending in response to soaring inflation, a closely watched survey out today shows. S&P Global and the Chartered Institute for Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) fell to 50 last month from 50.9 in August. The reading means the UK services economy [...]
Wednesday from hell for millions of Brits as rail strike gets underway October 5, 2022 Millions of train travellers brace themselves for major chaos today due to another strike in the long-running dispute over pay, jobs and conditions. Members of the drivers’ union Aslef and the Transport Salaried Staffs Association (TSSA) will walk out, causing huge disruption to services with millions of Brits expected to work from home. Aslef general [...]
Our politicians must wake up to the public debt effect October 5, 2022 In a novel by C.P. Snow, a physicist turned author who served as science minister under Harold Wilson in the 1960s, the master of a Cambridge college says that “gratitude isn’t an emotion, but the expectation of gratitude is a very lively one.” The prime minister and her Chancellor may well be having exactly the [...]