UK HuffPost office next on Buzzfeed’s chopping block March 12, 2021 A total 16 full time journalists working at HuffPost in London are at risk of losing their job, as BuzzFeed begins consulting on plans to slim down Huffpost “operations” in the UK and in Australia. More than half of the 29 HuffPost journalists working in the London office have been informed they face redundancy, the [...]
The Entrepreneur’s overlooked cousin: companies must foster ‘Intrapreneurs’ for post-Covid creativity March 12, 2021 Entrepreneurs are the supposed heroes of our era. They are simultaneously titans of industry, Renaissance artists, and Hollywood Stars, building products, empires, and literal rocket ships that will be spoken about for decades to come. In the modern economy, those who create something out of nothing command ultimate respect. But the entrepreneur has a less [...]
John Lewis to close more stores in places ‘where people aren’t going’ after it lost £517m in 2020 March 12, 2021 John Lewis to close more stores in places 'where people aren't going' after it lost £517m in 2020
Analysts: UK economy ‘like a punchdrunk boxer hanging off the ropes’ March 12, 2021 UK’s GDP shrank by 2.9 per cent in January, it was announced this morning, blowing a “cold snap” through the UK economy as a third national lockdown was imposed. Analysts were torn as to whether the harsh fall is a glass of cold water to the face, or better than what was forecast. January’s figures [...]
UK economy shrank 2.9 per cent in January as third lockdown took hold March 12, 2021 Monthly GDP fell by 2.9 per cent in January as a fresh national lockdown took hold of the UK economy, according to new ONS data. The January figure, which was 9 per cent below its February 2020 level, was driven by a decline of 3.5 per cent in services, the Office for National Statistics said. [...]
Brexit: UK postpones new checks on EU goods for six months March 11, 2021 The UK has today moved to postpone implementing post-Brexit checks on food coming from the EU for another six months. Boris Johnson’s UK-EU relations chief Lord David Frost said the decision was made to give traders time to focus on reopening as the Covid restrictions are eased instead of spending time on the extensive new [...]
WPP commits to London headquarters despite plans to slash office space March 11, 2021 Advertising giant WPP today committed to its London headquarters despite wider plans to slash office space amid a shift to home working. The media group, which owns ad agencies such as Ogilvy, Grey and Group M, has said it will look to reduce its office footprint by a fifth in the coming years. Chief executive [...]
Oxford Street: This is what the UK’s shopping destination could look like after lockdown March 11, 2021 Oxford Street – the world famous shopping destination that attracts millions of Londoners and tourists every year – is set to look drastically different when the city emerges from the latest coronavirus lockdown. An arts centre, 25 metre artificial hill and play areas in bus lanes are among the ideas that have been floated to [...]
Government must get people back on public transport to drive green recovery, says Go-Ahead boss March 11, 2021 Encouraging people to get back on public transport when the current Covid restrictions are lifted is vital to the government’s net zero plans, Go-Ahead chief executive David Brown has said. Speaking to City A.M., he said that the future of the country’s public transport providers was bound up with “where the government wants to go [...]
Stimulus passes as Bitcoin marches on March 11, 2021 Bitcoin extended its winning streak yesterday, soaring to more than $56,000 before a pullback last night took it back down to just below the $55,000 level, where it is currently trading.