Getir to slash 2,500 job roles as demand for delivery fades August 22, 2023 Grocery order service Getir will slash 2,500 jobs from its global workforce, in the latest signal that demand for rapidly delivered goods is dwindling. The startup has said it is cutting 10 per cent of its 23,000 strong workforce across the UK, Netherlands, Germany, the US and its homeland of Turkey. In recent months the [...]
The Notebook: Victoria Scholar on falling house prices, global travel’s acceleration and Netflix’s Sackler drama August 22, 2023 Today, Victoria Scholar, head of investment at Interactive Investor, takes the City A.M. notebook pen The only thing being built is negative momentum Rising interest rates, high inflation and the cost of living crisis are starting to take a serious toll on the UK housing market. Just this week, data from Rightmove pointed to a [...]
Bring WhatsApp out of the dark and make MPs messages part of the lobbying register August 22, 2023 Successive lobbying scandals have eaten away at our faith in our politics and elections, all messages whether that be on WhatsApp or by owl-post, should be subject to lobbying rules, writes Alastair McCapra. After a seemingly never-ending string of scandals, lobbying is back on MPs’ agendas with both the government and the opposition proposing measures [...]
Ryanair and Wizz Air the worst offenders as airlines face ‘drip selling’ allegations August 21, 2023 European airlines have come under fire for ‘drip-selling’ after a report revealed 97 per cent of carriers on the continent are charging at least one “hidden fee” for their services amid already-rising air fares. Drip selling refers to companies hiding the true cost of products and services, by proclaiming one price initially but then charging [...]
The Notebook: Susannah Streeter on the parenthood trap, stripped-back burgers and the terrible trend of pub queues August 21, 2023 Today, it’s Susannah Streeter, head of money and markets at Hargreaves Lansdown, holding the City A.M. pen The pricey parenthood trap I congratulated my 40-something friends and new parents who took on the daunting task of moving house with their baby last week. It’s a challenge we recklessly took on ourselves, almost 17 years ago [...]
M&S digital chief exits amid business boom August 20, 2023 The top dog behind Marks & Spencer’s digital growth is reportedly leaving the retailer just months after being promoted. Chief digital and technology officer Jeremy Pee, who landed the position in January, is understood to be leaving the business to return to Canada. According to a report in The Sunday Times, M&S’s co-chief executive officer [...]
ULEZ camera vandalism ‘will not stop’ London expansion despite 300 incidents this month August 18, 2023 Transport for London (TfL) vowed that vandalism of ultra-low emission zone (Ulez) cameras “will not stop” the scheme’s expansion. The transport body issued the statement after the Metropolitan Police said it had recorded 288 crimes relating to the cameras as of August 1, and released an image of a suspect. The BBC said there had [...]
Covid medical boss Jonathan Van-Tam takes job at vaccine maker Moderna August 18, 2023 Former Covid medical officer Professor Sir Jonathan Van-Tam has joined vaccine maker Moderna as an advisor, it has been revealed. The former deputy chief medical officer, who played a key role in the UK’s pandemic response has taken the post on a part-time basis at the US pharmaceutical giant, since May. He is working as [...]
Moorgate blaze tackled by 40 firefighters and six engines August 17, 2023 Forty firefighters and six fire engines battled a blaze this morning at a disused office building on Moorfields in Moorgate. Thick black smoke was seen throughout the area and 1,200 people from neighbouring office blocks were evacuated. No casualties were reported. The fire, near Moorgate’s CityPoint building, was reported at 11.22 and was under control [...]
Yet more rail strikes have been announced – here’s all you need to know August 15, 2023 Commuters are to face yet more misery from rail strikes this August after the Rail, Maritime and Transport Union (RMT) announced fresh industrial action last week. 20,000 RMT members from a host of train operators nationwide will walk out, disrupting the UK’s rail network on dates that coincide with the August Bank holiday weekend. The [...]