Taliban names interim government ministers for Afghanistan September 7, 2021 The Taliban have announced an interim government in Afghanistan, three weeks after seizing control of most of the country. An associate of one of the movement’s founders, Mullah Mohammad Hassan Akhund, was named as the head of the new government on Tuesday. The group told reporters in Kabul that Mullah Abdul Ghani Baradar, head of [...]
Mayfair revival: Mortons private members’ club sold out of administration September 7, 2021 A Mayfair club once populated by celebrities including Lindsay Lohan and Pippa Middleton has been sold out of administration with plans to reopen next year. Administrators for Berkeley Square’s Mortons Club have sold the building, fixtures and goodwill out of administration after the company ceased to trade in 2020. Graham Bushby and Nick Edwards of [...]
Distribution of water purifying chemicals hit by driver shortages September 7, 2021 Water companies have been authorised to reduce the amount of chemicals in waste water as a result of delivery driver shortages. There have been distribution problems in water firms’ chemical supply chain but water organisations stressed there were no shortages of chemicals. Water companies have been given the green light to temporarily reduce the amount [...]
Paperchase’s unsecured creditors to receive meagre payment September 7, 2021 Unsecured creditors to Paperchase will receive between 1 and 4 per cent of the £22.6m they were owed following the stationary retailer’s pre-pack administration. The retailer was sold through a pre-pack administration to Permira Debt Managers, which provided funding for the business since 2015. Unsecured creditors will be paid a dividend out of the retailer’s [...]
Retail sales growth slowed in August amid recovery warnings September 7, 2021 Retail sales growth has started to slow as shoppers’ pent-up enthusiasm has softened this summer. Total sales increased by 3 per cent in August, below the three month average growth of 6.9 per cent. Clothing retailers reported strong performances as Brits looked to stock up their post-lockdown wardrobes with outfits for weddings and returning to [...]
Coal plant fired up as concerns mount over energy prices September 6, 2021 Energy insiders are concerned after two coal facilities have been taken off standby and Britain looks ahead to a cold, costly winter. The amount of electricity coming from wind farms has dropped considerably due to calm weather and there has been a global shortage of natural gas. National Grid ESO asked EDF to switch on [...]
Byron staff oppose changes to how service charge is divvied up September 6, 2021 Staff at burger chain Byron have claimed their tips may be diverted to increase pay for kitchen workers and restaurant managers. A 10 per cent service charge is currently split between front of house staff, who get 70 per cent, and kitchen workers, who get 30 per cent. However, the company told staff a new [...]
Nationwide taps Royal London chairman for top job September 6, 2021 Nationwide is poised to announce a new chairman who will take over the building society next year. Former Scroders and KPMG executive Kevin Perry will replace David Roberts, according to Sky News. The building society was reportedly in the process of seeking regulatory approval for the new appointment, according to the news organisation’s City sources. [...]
The City is back: London Cocktail Club plans Mansion House bar September 6, 2021 Nightcap has announced plans to open a new London Cocktail Club site in the Square Mile. The bar operator has entered into a lease for a new 1,500 square ft venue at 78 Queen Victoria Street, near Cannon Street station and Mansion House station. The venue is expected to open by the end of the [...]
Lorry driver strikes could exacerbate supply chaos September 6, 2021 Lorry drivers at two companies supplying convenience stores and construction firms have threatened to strike amid ongoing supply chain disruption. Any industrial action would intensify the supply shortage chaos affecting sectors already hit by a shortfall of HGV drivers, union bosses warned. Drivers working for Booker Retail Partners voted unanimously for strike action while drivers [...]
