Startup Spotlight: Jnck Bakery May 17, 2023 | City Talk Jnck Bakery was founded by brothers Sean and Alex Brasill in 2021 as a passion project focused on the UK obesity crisis and lack of healthy food innovation. Seeing an opportunity to create something that makes a positive difference – and tasted good – they created the world’s first HFSS-compliant cookie. Now halfway through their [...]
Inclusive design: Workspaces fit for all, fit for the future May 17, 2023 | Sponsored DiverCity® Podcast · Inclusive design: Workspaces fit for all, fit for the future In this episode, host Julia Streets is joined by Ed Warner, founder of the inclusive design business Motionspot and Ross Hovey, Accessibility Guru, Accessibility Consultant and Lloyds Banking Group Disability Role Model. They explore the importance of inclusive design to serve talent across [...]
SPACs are back: Blank-cheque firm raises $550m in London’s biggest IPO this year May 17, 2023 A special purpose acquisition company (SPAC) has bagged $550m in an initial public offering on the London Stock Exchange today in the UK’s biggest listing so far this year.
FTSE 100 close: London ends in the red as BoE’s Bailey warns of persistently high inflation May 17, 2023 London’s FTSE 100 index fell on Wednesday evening as Andrew Bailey warned that the UK would face high inflation for months to come. The capital’s premier index closed down 0.36 per cent at 7,723.23 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.30 [...]
Bitcoin and Ethereum down as uncertainty around macro events lingers May 17, 2023 Bitcoin (BTC) is again changing hands for less than $27,000, as Ethereum (ETH) trades sideways above $1,800.
All Bar One owner still feeling the pinch from inflation May 17, 2023 Mitchells and Butlers, the UK’s largest listed pub group, saw a drop in profits this morning, but said that its cost outlook was improving amid ongoing inflationary pressure. The All Bar One and Toby Carvery owner made £100m in adjusted operating profit for the half year ending on April 8, down from £120m a year [...]
Signs of unemployment jump emerge in UK economy – and it won’t solve worker shortages May 17, 2023 There are some signs that Britain’s red hot jobs market is calming down. That’ll please officials at the Bank of England, who, remember, are trying to make people and businesses (on average) a bit worse off to tame inflation. Wage growth which, in cash terms, has been rising rapidly for around a year, didn’t spring [...]
FTSE 100 close: Vodafone tumbles more than seven per cent after announcing 11,000 job cuts May 16, 2023 London’s FTSE 100 gave up gains today as fresh data yielded tentative signs that the UK workforce is rebalancing and telecoms giant Vodafone tumbled quickly. The capital’s premier index fell 0.34 per cent to 7,751.07 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was [...]
‘It’s our duty to be vigilant’: CMA bosses defend blocking Microsoft-Activision deal May 16, 2023 Bosses of the UK’s competition watchdog said today that they will not turn a blind eye to anti-competitive mergers as they defended the agency's controversial move to block Microsoft’s £55bn takeover of Activision Blizzard after it was waved through by EU regulators yesterday.
BA and Virgin Atlantic set to cash in as UK-US travel returns to pre-pandemic levels May 16, 2023 British Airways and Virgin Atlantic look set to cash in as departures from the UK to the US are set to return to pre-pandemic levels this month, new data shows. Departures from the UK to the US are set to hit 99 per cent of 2019 levels this month, according to new data from the [...]