Just Eat CFO steps down as group returns to profit July 26, 2023 Just Eat Takeaway has said its chief financial officer Brent Wissink will step down next May as the group revealed it made a profit in the first half of the year. Wissink, who has been with the company since 2011, will step down in May next year at the company’s AGM to puruse other “opportunities”, [...]
London office investment slumps to 14-year low July 24, 2023 London office investment slumped to a 14-year low in the second quarter of the year, new data shows, as high interest rates stifled momentum built up in the early months of the year. Some £1.2bn was spent on London offices last quarter, a 59 per cent drop on the £2.9bn spent in the previous quarter [...]
Rail passengers face disruption TODAY as unions strike and walk out in overtime snub July 22, 2023 Rail passengers face fresh travel misery on Saturday because of a strike by thousands of workers in a long-running dispute over pay, jobs and conditions. The walkout by members of the Rail, Maritime and Transport union will badly disrupt services, with some parts of the country having no trains all day. Services are also being [...]
Feisty one, you are! Minister Johnny Mercer compares new Labour MP to The Inbetweeners July 21, 2023 Tory minister Johnny Mercer has compared new 25-year-old Labour MP Keir Mather to a character from cult Channel 4 comedy The Inbetweeners. The minister for Veterans’ Affairs and Conservative said Mr Mather had been “dropped into” the Selby and Ainsty constituency and “spouted identikit Keir Starmer lines”, after earlier stating: “We don’t want parliament to [...]
London workers brave rail strikes and head back to office – but are ‘exception to the rule’ of WFH trend July 21, 2023 Strikes are failing to deter London workers from heading back into the office, with the capital one of only three UK cities to see growth in commuter numbers over the last quarter. As the summer months kicked in, the number of Londoners heading into the office fell significantly across the board, data from Virgin Media’s [...]
Treasury slaps down calls for crypto to be regulated like gambling July 20, 2023 The Treasury has slapped down a suggestion from MPs that crypto should be regulated like gambling today, describing it as running “completely counter” to standards set by international watchdogs.
Ed Warner: I found a solution to cricket’s privilege problem in the South Downs July 20, 2023 Cricket can tackle its elitism problem by supporting initiatives take the sport to new audiences such as disadvantaged kids, says Ed Warner. Back in my investment banking days, I was responsible from across the Atlantic for a US research department. Every time I headed for JFK after a visit to my team of analysts I [...]
Pound slumps as City cuts Bank of England interest rate bets after shock inflation fall July 19, 2023 Pound sterling today has tumbled sharply in response to markets reining in their expectations for further interest rate hikes from the Bank of England. Britain’s currency shed nearly one per cent against the US dollar, its largest fall in months, to buy $1.29. It was down a similar amount against the euro at €1.15. The [...]
Some degrees are useless, but it’s the 2:1 obsession we really need to leave behind July 19, 2023 Creeping credentialism reinforces the narrative that a degree is the most reliable route into an ever-increasing number of jobs.
FTSE 100 close: Ocado drags London index into black as markets brace for inflation data July 18, 2023 London’s FTSE 100 squeezed out gains today that have pushed it back into the black in 2023, propped up by shares in online grocer Ocado soaring after a decent set of results. The capital’s premier index jumped 0.64 per cent to 7,453.68 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]