Sir Elton John joins list of celebrity backers for new music technology business October 10, 2023 Audoo, a company which helps artists receive fairer royalty payments, has added Sir Elton John to its expansive list of celebrity backers.
Spending on restaurants and takeaways drops as Brits tighten belts ahead of Christmas October 10, 2023 September spelled further pain for restaurants and takeaways, with sales dropping as Brits cut back on eating out before the Christmas period.
Retail sales lay limp in September as Indian summer rocks sector October 10, 2023 UK total retail sales continued to limp along in September with growth up just 2.7 per cent against a figure of 2.2 per cent for September last year as an Indian summer and cost of living pressures walloped the sector. Non-food sales declined 1.2 per cent on a total basis over the three months to [...]
Incentivising whistleblowing is a no brainer October 10, 2023 Labour yesterday pledged to give financial rewards to whistleblowers who expose stolen assets, sanctions breaches and recover misappropriated funds. “Under the Tories, Britain became the money-laundering capital of the world. With Labour, Britain will be the anti-corruption capital of the world,” David Lammy said announcing the policy pledge. While the policy remains somewhat undeveloped at [...]
London fintech Kennek raises £10m in seed funding for lending software October 10, 2023 London-based fintech Kennek has raised $12.5m (£10.3m) in a seed funding round led by HV Capital, the backer of Hello Fresh, Depop and Flixbus. The funds will allow Kennek, a software developer that provides a single platform for alternative lenders, to build on its home market and plans for expansion into the EU. Co-founder Xavier [...]
Billionaires Row: Mansions on London’s poshest street set to disappear October 10, 2023 London's poshest postcode is undergoing a transformation, as developers look to convert Billionaire Row's flashy mansions into apartment complexes.
The Notebook: Victoria Scholar on why holiday spirit isn’t enough to power airlines’ profits October 10, 2023 Where the City’s top thinkers get a few things off their chest. Today, Interactive Investor’s Victoria Scholar takes the pen. Holiday spirit not enough to power airlines’ profits Global airline capacity (number of seats offered multiplied by distance flown) is finally on track to restore its pre-pandemic levels, according to data from Circium, reported by [...]
Amazon boosts UK workers pay – but unions vow to continue strike action October 9, 2023 A UK trade union has said walkouts over pay at Amazon’s warehouse in Coventry will continue, even after the tech giant announced today it would increase wages by at least £1 an hour. The GMB union, which has been spearheading Amazon strikes, told Morning Wire today it would “absolutely not” end strikes in Coventry over [...]
This Lake District hotel has three incredible UK chefs and one Michelin star October 9, 2023 Three culinary hotshots are building the Lake District’s most exciting gastrotourism destination at the Gilpin Hotel, says Sophie Ibbotson It is often said that “too many cooks spoil the broth” but Gilpin Hotel & Lake House is counting on healthy rivalry to drive innovation in its kitchens. The Cumbrian hotel, which occupies a magnificent 100 [...]
AA profits tumble to £23m despite soaring cost of motor cover October 9, 2023 The AA saw profits halve this morning amid a drop in trading in its breakdown segment, but soaring motor insurance prices helped it weather the storm.