Rishi Sunak’s fate is cursed by 13 years of the Conservatives’ electoral success May 11, 2023 Local elections results are never a prediction for a general election, but still is not Keir Starmer who needs a miracle to find himself in Downing Street pretty soon, it's Rishi Sunak, writes Will Cooling
Non-compete clauses slashed as ministers begin post-Brexit regulatory changes May 10, 2023 Non-compete clauses will be slashed to three months in a bid to boost competition between employers, ministers announced today, as a key EU ‘sunset’ clause is ditched. It comes as part of a move by the government to scrap its own plans for thousands of EU laws to automatically expire at the end of the [...]
Sharon White: Embattled John Lewis chair survives confidence vote – just about May 10, 2023 John Lewis chair Sharon White will remain chief of the business after winning a vote of confidence on her future leadership, but remains under considerable pressure with partners voting against her performance over the last year. White secured one victory at a John Lewis Partnership meeting held on Wednesday, with a majority of partners saying [...]
London life: Why even the wealthy are paying more, as cost of renting in hot spots soars May 9, 2023 The wealthy are not immune to the capital’s strained housing market with rent in prime London locations including Chelsea and Mayfair rising 50 per cent in just two years due to a lack of supply. The average rent of premier London pads grew by 50 per cent in the 24 months to April, according to [...]
The advance of India ahead of China offers new ground for a Global Britain May 9, 2023 As India overtakes China as the most populous country, the UK should make the most of its historical ties to have influence as Delhi starts to throw Beijing's power off-kilter, writes Eliot Wilson.
UK to officially avoid recession in first half of this year as Bank of England readies twelfth straight interest rate rise May 8, 2023 Britain is set to have officially avoided a recession in the first half of this year in a sharp turnaround in fortunes for the country’s economy, figures out this week are expected to reveal. Gross domestic product (GDP), which measures the amount of goods and services produced in the UK, is anticipated to have risen [...]
Asos: Will fast fashion darling see share price fly off the shelf? May 7, 2023 Online fashion giant Asos is expected to post another half-year loss and shareholders will hope for signs of improving demand from cash-strapped shoppers. It is among fast-fashion retailers to have become heavily pressurised over the past year by a brutal combination of rocketing costs, supply chain disruption and weaker consumer spending. The FTSE 250 company [...]
FRC begins hunt for new boss as audit body advertises role with £330k salary (and to be able to work from both London and Birmingham) May 5, 2023 The boss of Britain’s audit regulator, the Financial Reporting Council (FRC) will need “credibility, integrity and capability” to enact “organisation change”; they can also expect to be paid £330k plus benefits for doing so. An advert for the next chief executive of the FRC, which will soon become ARGA confirms previous City A.M . reports [...]
Holiday Inn chief steps down as group sees bookings hike despite ‘economic tailwinds’ May 5, 2023 The chief of Holiday Inn owner International Continental Hotels (IHG) is to step down from the helm after nearly six years. Keith Barr, group chief executive officer of the global hotel chain will be succeeded by Elie Maalouf, who currently heads up its American operations. Barr has worked within the brand for almost 14 years, [...]
Dating at work is okay, as long as you’re dressing up for it May 4, 2023 The chief financial officer of a FTSE 100 company was forced to step down over a consensual relationship with a colleague. David Egan, finance chief of RS Group, left with “immediate effect” after notifying the board of a “personal relationship” with a colleague. Office dating, complicated, contentious – but also the source of many a [...]