Wetherspoon to cut jobs after plunging to annual loss October 16, 2020 J D Wetherspoon (JDW) said this morning it has started a consultation process to reduce positions at its airport pubs and that it would cut 108 jobs at its head office after the pub operator plunged to an annual loss. Wetherspoon, which employed around 43,000 people at the end of its last financial year, posted [...]
Virgin Atlantic launches new Manchester to India flights October 15, 2020 Virgin Atlantic will launch two new routes to India from its base at Manchester Airport in the coming months. The carrier will fly three times a week to Mumbai from December and begin twice weekly flights to Delhi in January. It already flies the the two cities from its base at Heathrow Airport. Juha Jarvinen, [...]
Working from home takes toll on younger generations, survey finds October 14, 2020 Working from home is disproportionately affecting young people, according to new research, as fears of fresh local lockdowns around the country continue to hamper a return to the office. More than 85 per cent of 1,500 office workers surveyed by design firm Oktra said they struggled with the switch to homeworking during the pandemic. Younger [...]
Today: Boris Johnson to meet EU chief in crunch trade deal meeting October 14, 2020 Boris Johnson and EU chief Ursula von der Leyen will hold last minute Brexit talks today as the two sides try to salvage a last minute trade deal. The two have agreed to meet ahead of an EU summit on 15 October, with Johnson saying last week that he needs to see a deal is [...]
FTSE 100 and US stocks slip amid second-wave worries October 13, 2020 The FTSE 100 was set to end the day lower and US stocks fell as concerns about rising coronavirus cases and new restrictions weighed on global sentiment. London’s blue chip index opened lower and was down 0.8 per cent by 4pm at 5,951 points. The mid-cap FTSE 250 had shed 1.5 per cent. Read more: [...]
The mayor must speak up for ambitious Londoners and for businesses — not call for further restrictions October 13, 2020 Sadiq Khan is arguably under more scrutiny — and subject to some of the harshest criticism — than any politician in the country. Much of it is unfair. London remains a city with an illusion of a mayor, rather than one with the power to make decisions for the good of the city and its [...]
Facebook donates £1m to Bletchley Park after Covid-19 hit October 13, 2020 Facebook has donated £1m to Bletchley Park to help the World War Two code-breaking hub survive the impact of the coronavirus pandemic. The social media platform described Bletchley Park as “one of the UK’s national treasures” and said its donation aimed to help keep it open to the world. During the Second World War Bletchley [...]
Alex Cruz: Five days to forget for the outbound British Airways boss October 12, 2020 The travel world awoke to a shock this morning as it was announced that British Airways boss Alex Cruz would leave the firm with immediate effect. He departs with aviation mired in the deepest crisis in its history, with passenger numbers still at historic lows due to the coronavirus pandemic. The decision is the first [...]
Betfair: Why the 2020 election is most like Obama’s win in 2008 October 9, 2020 Joe Biden is trading around his lowest odds yet to win the 2020 US election following a sustained gamble. Going into the first debate, he and Donald Trump’s respective chances implied by Betfair Exchange odds stood at 56 per cent to 44%. Today they are 65 per cent and 35 per cent. A great deal, of course, has [...]
Reviews website Trustpilot mulls £800m London float October 8, 2020 Business review platform Trustpilot is muling plans involving a London flotation that could take place as early as next year. The Copenhagen-based firm is understood this week to have held talks with a number of investment banks about plans for a debut on the London Stock Exchange, Sky News first reported. A spokesperson for Trustpilot [...]