Not-so-free-market Rishi isn’t perfect, but he’s the right choice right now October 24, 2022 Rightly or wrongly, Britain’s credibility is at stake – and right now, Rishi Sunak is more likely to restore confidence in the country’s government than either Penny Mordaunt or Boris Johnson The choice facing Conservative MPs today is a difficult one. They are behind in the polls, and fear for their political future. They are [...]
Premier League: Newcastle in top four, Arsenal draw and Villa impress October 23, 2022 Was it the day Tottenham saw their, admittedly unlikely, title challenge come to an end or was it the day Newcastle United knocked on the door of the Big Six’s office and asked for a seat around the undoubtedly extravagant table? A 2-1 win for the Toon in north London moved United into the top [...]
Confirmed: Penny Mordaunt is running for the top job October 21, 2022 Several Tory MPs declared their support for Penny Mordaunt moments after the Commons Leader announced she was running for the top job. Neil Hudson, MP for Penrith and The Border, tweeted: “I am backing @PennyMordaunt to be Prime Minister as I believe she has the leadership attributes, experience, empathy and compassion to unite our country [...]
What does Liz Truss’s resignation mean for Bitcoin and Sterling? October 20, 2022 The sudden resignation of the Prime Minister today has sent ripples of positivity across the markets where the pound has risen and crypto appears unmoved.
Exclusive: West End bounces back with rush for fresh office space October 20, 2022 The West End has come roaring back to life after firms committed 1.2m sq ft of office space in the third quarter. A race for space is also heating up, with the post-pandemic renaissance of the capital’s shopping heartland seeing prime rents for offices soar 6.5 per cent in the past year, data from Knight [...]
Demand destruction? Two reasons to be sceptical October 20, 2022 Global central banks have made an ‘all-in’ effort to front-load monetary policy tightening to dampen demand. But softer economic data in the eurozone and United States have exacerbated recession fears. As the growth outlook dims, many anticipate demand destruction to lead to lower inflation. That is, tighter monetary policy and the associated higher funding costs [...]
Dunelm sales slip as pent up demand eases against ‘demanding backdrop’ October 20, 2022 Dunelm posted dented sales after last year saw a flurry of pent up demand post-lockdown. In first quarter results, the homeware retailer said its sales were down eight per cent compared to the same period last year. Bosses said the performance came despite “a challenging environment”, posting sales of £357m. A dip in sales had [...]
Truss won’t be the first or the last to U-turn, but she taught us how not to do it October 20, 2022 It has been less than four weeks since the disastrous mini-budget, followed by a series of screeching U-turns in government policy. It’s made for sickeningly compelling viewing, partly because most of us have, at times, experienced our own shocking about-turns and forced mea culpas. We can all relate. And the next 12 months look likely [...]
Asos new CEO vows to rebuild ‘inefficient’ model as fashion seller posts £32m loss October 19, 2022 The new CEO of Asos has said he will refresh the fashion marketplace’s commercial model after the online retailer swung to a loss. In results for the year to 31 August 2022, Asos said gross margins had been impacted by a supply chain “inefficient in the face of supply chain disruption and macroeconomic challenges”. After [...]
City Moves: Who’s switching jobs in the Square Mile? October 19, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Merkle Customer experience management firm Merkle has posted a new chief operating officer to lead its business across Europe, the Middle East and Africa (EMEA) Christiane Georg, who brings more than 25 years worth of experience to [...]