Storage firm Safestore posts jump in profit, driven by UK June 17, 2021 Safestore, the self-storage firm, this morning reported strong growth in profit for the first half of the year, and forecasts full-year earnings at the top end of the guidance range. Group revenue was up 11.1 per cent and like-for-like sales were up 8.3 per cent, with a 13.9 per cent surge in UK sales. [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 16, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. CBRE board bags ex-BlackRock real estate lead A former head of global real estate at investment heavyweight BlackRock is set to join real estate services firm CBRE in June. Marcus Sperber [...]
UK inflation jumps to 2.1 per cent in May as clothing and fuel prices rise June 16, 2021 UK inflation jumped in May due to rising clothing and fuel prices, pushing it ahead of the Bank of England’s target, the Office for National Statistics (ONS) said this morning. The Consumer Prices Index (CPI) rose to 2.1 per cent in May, up from 1.5 per cent in April, beating economists’ forecast of a rise [...]
Pandemic pressures leave would-be first-time buyers further from homeownership June 16, 2021 The impact of the pandemic, both on the property market and on personal finances, has left a gulf between struggling would-be first-time buyers and those already on the ladder. More than four-in-10 first-time buyers delayed plans to buy a home in 2020, with the majority saying raising a deposit is the biggest barrier to homeownership, [...]
Prime minister calls harassment of BBC journalist Nick Watt ‘disgraceful’ June 15, 2021 Footage posted on social media showed anti-lockdown protesters verbally abusing and chasing Nick Watt, the political editor of BBC Newsnight, near Downing Street on Monday. On Twitter, the prime minister said: “Disgraceful to see the hounding of Nick Watt doing his job.” “The media must be able to report the facts without fear or favour – [...]
Worth the commute: 9 out of 10 want hybrid working paired with an improved office June 14, 2021 Nine out of ten UK workers want the option to work remotely once offices reopen, while the same proportion desire a better office set-up when they do go in, new research today suggests. Data from OpenSensors, a workplace technology company, shows that a similar proportion of workers (90.5 per cent) are being offered the option [...]
Will rapid delivery apps maintain post-pandemic momentum? June 12, 2021 Since the pandemic began, a slurry of quick delivery apps have emerged with the same promise to deliver food within 30 minutes, while the pandemic made supermarkets an even more costly chore. The pandemic pushed the pedal on rapid delivery apps like Weezy, Dija, Getir and Gorillas – a sector where a huge amount of [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
G7 exclusive: Boris Johnson to push for mental health to be on final communique June 11, 2021 Boris Johnson is set to push G7 leaders to include a statement on making mental health a priority during the Covid recovery in the summit’s final communique. The Prime Minister told a collection of political pressure groups that he “pretty much promises” it will be in there. Johnson told delegates from the Youth G7 UK [...]
London Ambulance Service lead’s admit it has ‘a long way to go’ on discrimination June 11, 2021 The London Ambulance Service has “a long way to go” to make sure its black and ethnic minority staff are not discriminated against, LAS leaders said today. LAS chairman Heather Lawrence said the organisation, where nearly one in five staff are from minority communities, is “not delivering” on fair treatment. Lawrence’s comments follow a workforce survey [...]