Affordable housebuilding in London down 88 per cent in dent to Khan’s rep November 24, 2024 The number of affordable homes built in London between April 2023 and March this year fell by 88 per cent, despite continued promises from Mayor Sadiq Khan to boost the supply of housing in the capital. Just over 3,100 affordable housing builds began work across Greater London between April 2023 and March of this year, [...]
Trump taps Scott Bessent for Treasury, capping long drama over choice November 23, 2024 President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic, regulatory and international affairs. Wall Street has been closely watching who Trump would choose, especially given his plans to [...]
Ofgem: Energy price cap to rise by £21 to £1,738 a year on average November 22, 2024 The UK’s energy price cap is set to rise by £21 for an average household, taking a standard yearly bill to £1,738, Ofgem has said. The energy regulator opted to announce a 1.2 per cent hike in the cap for the period January to March 2025 – or £1.75 a month, on average. It sets [...]
Square Mile and Me: Megan McDonald on leading investment bank Daiwa Capital November 21, 2024 Daiwa Capital Markets Europe CEO Megan McDonald tells us how she went from selling mangoes in South Africa to the City C-suite.
To tackle fraud, it’s time to start paying whistleblowers November 21, 2024 A new offence of ‘failure to prevent fraud’ is a good start, but if we really want to stop this crime we need better incentives for whistleblowers, says Dr Alison Cronin Earlier this month the government published its guidance on the new corporate ‘failure to prevent fraud’ offence, from the Economic Crime and Corporate Transparency [...]
Bloom & Wild: Loyal customers help slash loss amid cost-cutting drive November 20, 2024 Bloom & Wild slashed its post-tax loss by more than 95 per cent as its focus on retaining existing customers and cutting costs started to pay off. The London-headquartered business, which which sends bouquets of flowers in boxes that can fit through a letter box, increased its adjusted EBITDA (earnings before interest, taxes, depreciation and [...]
Starmer’s war on farmers will end in tears November 20, 2024 Farmers are busy people, often completely immersed in a lifestyle and a sector that demands their total attention and dedication. They kept going throughout the pandemic. They’ve been untroubled by the great working-from-home debate. They’ve put up with policy changes, regulatory reform, subsidy reform, Brexit checks, weather events, supply chain disruption, Whitehall bureaucracy, rising costs [...]
Are job cuts on the horizon at struggling luxury giant Mulberry? November 19, 2024 Struggling luxury brand Mulberry has announced it will streamline and rebuild the business as its profit continues to fall, signalling possible job cuts. Mulberry told markets this morning that UK retail sales fell by 14 per cent in the six months to September 28. Sales in Asia fell 31 per cent, while group sales overall [...]
Could the digitisation of social care pave the way for a better NHS? November 19, 2024 The system, as it stands, is struggling – and the debate over what should or can be done to fix it is still ongoing.
Starmer risks resurrecting Cameron’s failed China script November 19, 2024 The Prime Minister has been mingling with world leaders in Brazil, and while his government continues to face an array of domestic challenges (from tractor protests to debates on assisted dying) he has managed to pick up a hefty endorsement from one of the world’s most powerful people. “The new UK government is working to [...]