Aldi to cut up to 350 jobs at UK headquarters February 27, 2025 Discount grocer Aldi is set to cut up to 350 roles at its UK headquarters in Atherstone, near Birmingham, as cost pressures bite. The changes will affect some buying department positions, including non-food, finance and some back-office functions, according to reports. Aldi joins Tesco, Morrisons and Sainsbury’s in cutting jobs in the wake of October’s [...]
Income tax will need to rise to fund defence push, Mervyn King says February 27, 2025 Speaking on Sophy Ridge's show on Sky News, Mervyn King acknowledged the government was in a "very difficult position," but criticised it for a lack of ambition.
Martin Williams to take over as D&D London boss, now rebranded Evolv February 27, 2025 Former Gaucho boss Martin Williams is to take over as chief exec of D&D London, one of the biggest high-end restaurant groups in the UK. The move will see him take charge of brands including Coq d’Argent, Bluebird, German Gymnasium, Quaglino’s and Angler, which holds a Michelin star. Williams said: “I am delighted to be [...]
The London office market has ‘definitively turned’ as prime rents set to double February 27, 2025 Analysts have said the London office market has turned a corner after two major commercial real estate investors released positive results. Dewent London reported rental growth doubling to 4.3 per cent, the highest since 2016, and it expects estimated rental value growth – an estimate of the rent that a property could earn if it [...]
Hiscox: Profit hits record at Lloyd’s of London insurer February 27, 2025 Lloyd’s of London insurer Hiscox has reported a record profit for the year ended 31 December 2024, with pre-tax earnings reaching $685.4m (£541.5m), a 9.5 per cent increase from the previous year. The insurance group’s net insurance contract written premiums rose to $3.7bn (£2.9bn) in 2023, up from $3.6bn (£2.8bn) in 2023. Insurance contract written [...]
Haleon launches buyback and hikes dividend after strong year February 27, 2025 Consumer healthcare giant Haleon has reported a strong financial performance for 2024, with organic revenue growth of five per cent. However, revenue declined by 0.6 per cent on a reported basis to £11.2bn, while adjusted operating profit increased 9.8 per cent to £2.5bn. Haleon focuses on over-the-counter medicines, oral health, and vitamins, minerals and supplements. [...]
How to fix London’s growth problem February 27, 2025 Sadiq Khan has pledged to be the most pro-business Mayor ever. Muniya Barua explains how he can turn rhetoric into reality The Prime Minister has made clear that growth is his government’s most important mission. The Chancellor has been busy selling that message around the world and urging regulators at home to get with the [...]
‘I was in the RAF for 20 years before this’: Gavin Poole on setting up Hackney tech hub Here East February 27, 2025 Gavin Poole served in the RAF for 20 years before studying for an MBA. Now he heads up powerhouse tech campus Here East. He tells us how.
Is Kemi Badenoch up for the fight? February 27, 2025 What is Kemi Badenoch for? If you’re now asking yourself “who’s Kemi Badenoch?” then she really is in trouble. In the four months since being elected leader of the Conservative Party, she has attempted to make a virtue out of vagueness. She explains, not unreasonably, that her party has to reflect on what went wrong [...]
If Starmer wants to cut foreign aid, here’s where he should start February 27, 2025 Keir Starmer has announced plans to cut the foreign budget to pay for increased defence spending. He should start with the billions we hand out to the global quangocracy, says Elliot Keck Keir Starmer may not deserve much credit for his time in office so far, but at least on defence spending he’s shown leadership. [...]