Thousands of Londoners will not get post until after 6pm following Royal Mail redesign August 8, 2022 Thousands of people across the UK may be waiting until after 5pm to get their post under the Royal Mail’s new proposals. Hundreds of areas in the country could be affected, with London, Cornwall, Wales, and Scotland having post delivered by 6pm or later as the postal service looks to push back deliveries until later [...]
Shipping services provider Clarksons posts buoyant profit after ‘supply shortage’ in global fleet August 8, 2022 Shipping services provider Clarkson has posted a profit boost for the first six months of the year, with underlying profit before tax sitting at £42.2m. The London-listed firm saw underlying profit before tax rise some 53.5 per cent in the period. The shipping firm posted £266.7m in revenue for the six months to 30 June, [...]
Empty offices due to hybrid work cost 9 in 10 businesses in London around £190,000 per year August 5, 2022 The poor use of physical office space – as a result of the increased uptake of hybrid working – costs 88 per cent of all London businesses around £190,000 on average per year. London businesses whose employees work in the office two to three days per week are taking a big financial hit by leaving [...]
The Week in Review August 5, 2022 Bitcoin has been bouncing around a little over the last week, but always within its well established range around $22,000.
Dealmakers circle British firms as UK tops inward investment August 4, 2022 International dealmakers have set their sights on British firms this year with the UK now the top target in Europe for inbound and domestic investment, research today reveals.
Bitcoin flat as China tensions increase August 4, 2022 The crypto markets are broadly flat this morning, with the price of bitcoin having fallen 2 per cent to $22,873 over the past 24 hours
Four Londoners charged for daylight murder in Wood Green that sent shockwaves through Haringey August 4, 2022 The Metropolitan Police has confirmed to City A.M. that four people have been charged as part of the force’s investigation into a fatal shooting in Haringey late last month. 27-year old Devonte Jackson of Elm Grove, N8, and a 16-year-old boy were charged with arson, assisting an offender and perverting the course of justice. They [...]
Battle for Number 10: From tax to NHS, here are all the promises Liz Truss and Rishi Sunak have made so far August 3, 2022 Yesterday, Liz Truss has this morning performed a screeching U-turn on a policy to pay regional public sector workers less than their London counterparts. it came after a severe backlash from Tory MPs and Tees Valley mayor Ben Houchen. The embarrassing move comes as Truss and her rival Rishi Sunak continue to flesh out their [...]
Starbucks posts record quarterly sales while Chinese stores feel Covid side effects August 3, 2022 Starbucks shares were elevated on Wednesday after the coffee chain posted record quarterly revenue. However, the US giant said its bottom line had been impacted by inflationary cost pressures and higher wages. It surpasses sales expectations, posting third quarter sales topping $8.2bn, ahead of analysts’ bets of $8.1bn. Roaring sales in the chain’s largest market [...]
UK pharma industry still suffering skills shortages despite progress August 3, 2022 The UK’s pharmaceutical industry is still suffering from skills shortages, despite recent progresses, the UK’s industry body warned today. “We’ve made progress in addressing some of the skills gaps that pharmaceutical companies have faced in recent years, with rapid improvements in areas such as biological and chemical science,” director of corporate affairs at the Association [...]