Issa brothers’ EG Group posts subdued profit due to cost of living pressures on consumers September 1, 2022 The Issa brothers’ EG Group has posted subdued profit for the second quarter, as the petrol station forecourt operator said “the cost-of-living squeeze remains front of mind for all of us.” EG Group saw group EBITDA slump 6.5 per cent to $355m (£308m), for the three months to 30 June, it shared on Thursday. The [...]
Wizz Air carries 4.9 million people as it pursues post-pandemic turnaround September 1, 2022 Wizz Air’s passenger levels continue to increase as the low-cost carrier pursues a post-pandemic turnaround. The airlines carried 4.9 million travellers in August, up from July’s 4.7 million and June’s 4.3 million. Load factor – the measure of how well an airline fills its seats – grew by 0.8 per cent on last month’s levels [...]
Liz Truss or Rishi Sunak to face Whitehall strike on first day as prime minister September 1, 2022 The next prime minister will be forced to face strike action in Whitehall on their first day in office, the public sector workers’ union has warned. Either Liz Truss or Rishi Sunak will face industrial action on the part of Whitehall workers, after members of the Public and Commercial Services (PCS) union voted strike. The [...]
Stansted Airport appoints TfL boss Gareth Powell to top job September 1, 2022 Stansted Airport has appointed TfL executive Gareth Powell to managing director. Powell has spent 19 years at TfL, holding a number of roles including deputy commissioner and chief customer and strategy officer. Powell will replace Steve Griffiths, who will move on to managing East Midlands Airport. East Midlands, alongside Stansted and Manchester airports, is managed [...]
SoftBank executive steps back from key roles after record losses August 31, 2022 SoftBank’s executive Rajeev Misra has stepped down from his roles as corporate officer and executive vice president as the investment giant reels from record losses this year.
We need to build houses for renters as well as owners August 31, 2022 Adam Neumann, for better or worse, was at the forefront of a revolution of how people viewed the office. Now the former WeWork founder has turned his attention to a different kind of real estate, as cities around the world struggle with overheated rental markets. Before WeWork, Neumann first wanted to start a co-living concept, [...]
Travers Smith’s partners see payouts drop 10 per cent to £1.1m August 30, 2022 Partners at Silver Circle law firm Travers Smith have seen the value of their annual payouts drop by 10 per cent, according to the City law firm’s annual results. Travers Smith’s partners are set to receive payouts worth £1.105m for the financial year ending on 30 June 2022, compared to sums of £1.22m in the [...]
If Truss makes it to the top job, she’ll need a different tune to unite the party August 30, 2022 We are almost there. Only a week now remains of what has seemed an endless battle for the leadership of the Conservative Party. The result will be announced on the fifth of September and the winner will then become prime minister and begin to form an administration. At the moment, the received wisdom is that [...]
Wizz Air: Winds of change as non-executive director made deputy chair August 25, 2022 Winds of change are blowing in Wizz Air’s boardroom as the low-cost company appointed non-executive director Stephen Johnson to the role of deputy chair. The airliner also announced the creation of a safety, security and operational compliance committee to oversee policies and practices as the carrier plots its expansion. Johnson, who took on the role [...]
Ed Warner: Does society have a responsibility to retiring athletes? August 25, 2022 We may be just days away from seeing the last of Serena Williams in competitive tennis. The US Open, which starts next week, is marked out as the retirement party for the greatest tennis star of the modern era. At 40 years old, she’s late to step away from elite sport and does so with [...]