Swapping printing for press ups: Times publishing boss joins Gym Group as CEO in cost cutting bid May 3, 2023 The Gym Group has announced that seasoned business leader and publishing boss Will Orr has taken on the role of chief executive. The budget exercise chain drafted in the pricing pro to keep costs attractive amid the cost of living crisis. In his new role at the Gym Group, Orr will be leaving the world [...]
London house prices: First-time buyers need household income of nearly £100k to buy May 3, 2023 Londoners’ desire to get on the property ladder has helped fuel the housing market in the capital, despite households now needing an extra £12k in income to be able to afford their own place. Figures released by Zoopla, show that in April house price growth in London rose by 0.5 per cent, as demand and [...]
Superdry: Plans to raise equity boost share price as it attempts to trim £35m costs May 2, 2023 Embattled fashion brand Superdry is in “positive discussions” with investors for a 20 per cent equity raise as it looks to improve its balance sheet in the wake of tough trading – hiking its share price by 0.58 per cent. The news came in response to media speculation that Julian Dunkerton, chief of the company, was [...]
‘Godfather of AI’ quits Google over concerns with rapid advances in tech May 2, 2023 A British scientist dubbed the “Godfather of AI” has quit his role at Google due to concerns about the dangers of artificial intelligence (AI), such as its potentially ability to spread misinformation and overhaul the jobs market. Geoffrey Hinton — who joined Google a decade ago to build on what was then the foundation of [...]
Printworks: London has the power to bring us back, says founder May 2, 2023 Printworks, one of London’s most important cultural venues, closed yesterday. Its foundertells Adam Bloodworth his hopes for the future It’s not an exaggeration to say there is nothing like Printworks. For music fans, the venue feels Cathedral-like, with its towering ceilings, but also because of the relationship people have with the building. In the 6,000-capacity [...]
Bitcoin slips below $28,000 as investors keep a wary eye on US inflation data May 2, 2023 Bitcoin is trading a shade under $28k this morning, down 2% from yesterday as it continues to slowly drift from the key level of $30k.
TRG: Analysts bump up share price target after strong growth May 2, 2023 Shares in Wagamama owner, The Restaurant Group (TRG), soared over 13 per cent this morning as it reported strong growth for the year so far, defying previous concerns from investors. TRG told the market that Wagamama sales were up nine per cent in the first leg of the year and performance in its pubs and [...]
Greene King revenues top £2bn as pub chain hopes inflation fears will be drowned out by a boozy Coronation May 2, 2023 Greene King said revenues continued to soar however the chief executive of the group warned that inflation and the cost of living crisis would prove a “tough backdrop” for the hospitality sector. The pub operator, which has over 2,000 sites across the UK, reported a revenue hike of 62.2 per cent for the 52 weeks [...]
Women Want Equal Progression Opportunities At Work May 2, 2023 | Sponsored Does the company you work for promote women at the same rate it promotes male counterparts? If you’re nodding in agreement, you’re among the minority. That’s because women still only make up 30% of leadership roles in the UK. This is despite an active push by the government to highlight this issue via the FTSE [...]
Coffee beans and ready meals send food inflation soaring yet again – and peak is yet to come May 2, 2023 Food inflation reached new highs in April soaring 15.7 per cent, according to new data, with the cost of convenience food such as ready meals and coffee beans increasing due to supply chain woes. While shop price inflation fell slightly by one per cent in the month to 8.8 per cent, food prices remained at [...]