Half of UK firms find trading with EU difficult post-Brexit, says new survey December 21, 2022 More than half of UK businesses who trade overseas are finding it difficult to trade goods with the EU post-Brexit, according to a new survey. A new poll from the British Chambers of Commerce found that 56 per cent of firms “face difficulties adapting to the new rules for trading goods” with the EU and [...]
Sadiq Khan to run for third term as London mayor in 2024 election December 20, 2022 Sadiq Khan will seek a third term as London mayor, after being selected as Labour’s candidate for the 2024 election. Khan, who would be the first London mayor to win three elections if victorious in 2024, said it would be a “very tough election” and that “there’s still so much more to do.” There have [...]
Bunzl acquires four firms and sells healthcare arm December 20, 2022 Bunzl has acquired four businesses and has agreed to sell its UK healthcare division. The specialist distribution group, which sells global businesses a variety of products from coffee cups to cafes, food wrap to supermarkets, and cleaning materials to hospitals, said the transactions would be profit neutral. The FTSE-100 firm said it would sell its [...]
Despite Brexit: Octopus’ Bulb deal could trigger EU involvement, says lawyers December 19, 2022 Octopus Energy's takeover of Bulb could breach EU state aid rules, according to senior competition lawyers.
Despite Britain’s Brexit borders, immigration at record 1m a year to become ‘new normal’ in UK December 19, 2022 Britain must prepare for a new era of high immigration caused by UK domestic need and changes in global economics and politics, a new think-tank paper said today. The post-pandemic immigration rate of 1.1m arrivals a year could be the start of a trend towards historically high migration levels in the coming decades, according to [...]
City Moves: Who’s switching jobs in the Square Mile? December 16, 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. Tikehau Capital Alternative asset manager Tikehau Capital has poached a director from consumer goods giant Unilever to co-lead its private equity regenerative agriculture practice. Laurent-David Charbit, who first launched his career in supply chains at Michelin before [...]
The pandemic threw scientists into the limelight but not the scientific process December 16, 2022 Scientists became celebrities during the pandemic, but it also meant trust was lost in the process.
Union boss says posties to work with business rather than just strike December 14, 2022 Trade union baron Dave Ward has said posties will need to adopt a more business focused approach to industrial action in the new year, expanding action beyond just strikes. The man behind both the Royal Mail and Post Office strikes said the Communication Workers Union (CWU) was currently “weighing up other ways we can put [...]
Felixstowe: Workers reach deal and accept 8.5 per cent pay increase December 13, 2022 Workers at the port of Felixstowe have finally reached a deal and accepted an 8.5 per cent pay increase for 2023. The port said that over 90 per cent of workers agreed to the rise, which also includes an additional £1,000 lump sum. “We are pleased to have reached an agreement on the 2023 pay [...]
Poundland owner Pepco to accelerate plan for new stores as profit booms December 13, 2022 Poundland owner Pepco will accelerate its store rollout strategy as it looks to entice cash-strapped shoppers, after posting elevated profit. The discount retailer said it was taking an increased focus on new stores in Western Europe and a refit programme in Central and Eastern Europe. Pepco was upping its annual capex spend to between €350m [...]