Suburban takeover: Pret sets out plans for more than 200 new shops – CityAM : CityAM September 22, 2021 Sandwich chain Pret a Manger has announced plans to open more than 200 UK shops in the next two years, as it aims to become more than a “white collar worker’s staple”. The business hopes to double its size within five years, with a £100m net investment by JAB and Pret founder Sinclair Beecham to [...]
Aviation bosses warn UK sector is falling behind European competitors due to hotel quarantine rules September 21, 2021 Aviation bosses have today warned that the UK’s airlines and airports are falling behind European competitors due to stricter government travel rules. Heathrow Airport chief executive John Holland-Kaye told MPs that “the UK aviation sector will go from one of the strongest in the world to one of the weakest in the world” post-Covid due [...]
Uber on track to hit profitability this quarter after decade-long journey September 21, 2021 Uber has said it is on course to post its first-ever profit – on an adjusted basis – in the current quarter, beating expectations as food delivery continues to surge and ride hailing recovers from pandemic lows. Shares in the company were up around 8 per cent in early trading today after the company projected [...]
Rocky start to the week continues in crypto markets September 21, 2021 The crypto market’s rocky start to the week continues this morning, with the total value falling to its lowest level in over a month at just below $1.9 trillion.
Crypto markets take another hit amid darkening economic outlook September 20, 2021 It’s a sea of red across the cryptocurrency markets today, with Bitcoin falling below $45k for the first time since last Tuesday.
Post Office asks banks for extra £200m so customers can access cash September 20, 2021 The Post Office has asked banks for an additional £200m, as part of a new three-year deal, so customers can continue to access cash from Post Office counters, according to reports. The deal, set to begin in 2023, has seen the Post Office demand £800m from 30 high street banks to pay for the use [...]
NATO appoints its first chief information officer in cyber security push September 17, 2021 NATO has announced Manfred Boudreaux-Dehmer will become its first Chief Information Officer, heading up IT procurement and cyber security, according to business technology publication The Stack. Boudreaux-Dehmer joins the organisation from Sierra Wireless, a global tech company where he served as Vice President of Systems and Technology. He will help the international defence alliance to [...]
NATO appoints first Chief Information Officer – CityAM : CityAM September 17, 2021 NATO has announced Manfred Boudreaux-Dehmer will become its first Chief Information Officer, heading up IT procurement and cyber security. Boudreaux-Dehmer joins the organisation from Sierra Wireless, a global tech company where he serves as Vice President of Systems and Technology. The new hire will help the international defence alliance to pursue modernisation. “We welcome the [...]
Inflation will keep breaching BoE target over next half decade September 17, 2021 Inflation will routinely breach the Bank of England’s target over the next half a decade, according to fresh data released today. The Bank’s latest survey on inflation expectations shows Brits think the rate of price rises will hit three per cent in five years’ time, one percentage point above the Old Lady’s target. Over the [...]
A confusing catalogue of crypto curiosities – what a week that was! September 17, 2021 It's been a strange week in the world of crypto, writes Jason Bourne, as we reflect on a catalogue of curiosities.