Mass tech layoffs appear to be over – so when will the hiring start again? August 21, 2023 The episode of mass job cuts across the tech sector appears to have drawn to a close, with some research firms halting their regular data updates on tech layoffs. Tech analysts at Bernstein Research declared the “magnitude of tech layoffs” has settled after its peak in January, in an email sent to clients last Friday [...]
EP: 223 York Ebor Festival – Wednesday August 21, 2023 The four-day York Ebor Festival kicks off on Wednesday with the much awaited Group 1 Juddmonte International Stakes, supported by the Great Voltigeur and Acomb Stakes. Special guest, York Racecourse Chief Executive William Derby looks ahead to the week’s racing. Morning Wire Racing editor Bill Esdaile previews the best of Wednesday’s racing action, including a [...]
New wind-powered cargo ship sets off on maiden voyage August 21, 2023 A cargo ship that makes use of giant sails set out on its maiden voyage this morning, as industry watchers cheered the new ship’s potential to help decarbonise the shipping sector. Pyxis Ocean, chartered by US-firm Cargill, uses British-made sales dubbed ‘WindWings,’ which are fitted to the deck of the ship and measure up to [...]
UK firms asked to disclose China investments as Sunak mulls trade curbs August 21, 2023 A host of British firms have been asked by the government to hand over information on their investments in China, as the UK looks to take stock of its business ties to the state amid increasing geopolitical tensions. The government confirmed today that a survey was sent to a number of UK firms last month [...]
Khan using a ‘sledgehammer to crack a nut’ with ULEZ, says minister August 21, 2023 Sadiq Khan’s Ultra Low Emission Zone (ULEZ) policy is using a “sledgehammer to crack a nut,” the minister for London has said. Paul Scully told TalkTV: “I think the further you get out of the city… clearly the less impact something like the ultra low emission zone is going to have.” “You can see here [...]
Domino’s franchisee to declare Russian business bankrupt August 21, 2023 The Russian arm of fast food chain Domino’s is likely to close after its London-listed parent company decided to put it into bankruptcy. Apparently failing to find a buyer for the Russian business, DP Eurasia said it has decided its subsidiary should instead file for bankruptcy. The franchisee runs around 170 Domino’s pizza sites in the country, and had previously said it was “evaluating its presence” there. The Russian economy has been hit [...]
Horizon 22: London sky-high viewing gallery set to elevate the capital August 21, 2023 London is preparing to level up its skyline game with the unveiling of Horizon 22, Europe’s highest free public viewing gallery. Set to open its doors this September, Horizon 22 is perched on Level 58 of the towering 22 Bishopsgate – Canada’s tallest building. Horizon 22 is “yet another huge vote of confidence” [...]
Crest Nicholson: ‘Persistently’ high inflation leads house builder to lower forecast for the year August 21, 2023 British house building company Crest Nicholson said it expects adjusted profit before tax for the full year to be around £50m down from previous expectations of £73.7m, after a challenging period for the sector bruised business activity. The Surrey based firm said “persistently” high inflation and rising interest rates worsened during the summer of this [...]
Glamorous Monaco: Why there’s never been a better time to visit August 21, 2023 Occupying a slim slice of prime seafront real estate on the sun-baked Riviera, the sovereign city state of Monaco might be small—Hyde Park and Kensington Gardens are bigger, in terms of square kilometres—but it rarely does things by halves. Here, less is certainly not more and over-the-top is always à la mode, from the old [...]
The Notebook: Susannah Streeter on the parenthood trap, stripped-back burgers and the terrible trend of pub queues August 21, 2023 Today, it’s Susannah Streeter, head of money and markets at Hargreaves Lansdown, holding the Morning Wire pen The pricey parenthood trap I congratulated my 40-something friends and new parents who took on the daunting task of moving house with their baby last week. It’s a challenge we recklessly took on ourselves, almost 17 years ago [...]