As first reported by Sky News, aero-engine group Rolls-Royce is to give a one-off payment of £2,000 to 14,000 of its UK employees to help with the rising cost of living. In addition to the lump sum, Rolls-Royce will also offer a 4% pay rise backdated to March to 11,000 shopfloor workers. Rolls-Royce, which is […]
Food delivery company Deliveroo has appointed Scilla Grimble as its next chief financial officer (CFO). Grimble will replace Adam Miller who is set to stand down in September. Grimble has served as CFO for price comparison site MoneySupermarket.com since 2019 and previously worked as interim CFO for British retailer Marks & Spencer. Grimble is set […]
Helen Connolly, who has been at New Look since 2020 as chief commercial officer, will now step into the role. She has previously served as chief executive at women’s clothing brand Bonmarche and as head of buying at Dorothy Perkins. In a company press release, Connolly said, “It’s a privilege to be taking on the […]
On Thursday, Ferrari CEO Benedetto Vigna confirmed the luxury carmaker’s plan to launch its first electric model in 2025. Vigna said that the company expects full-electric cars to make up 5% of sales in 2025 and 40% by 2030. He said Ferrari would develop and build its own electric motors, inverters, and battery modules. With […]
Henley & Partners, which supports high-net-worth individuals (HNWI) in seeking citizenship around the world, teamed up with New World Wealth to conduct the analysis. Henley’s most recent instalment of its Global Citizens Report updated projections for the migration of millionaires. While Russia currently has 101,100 millionaire residents, around 15,0000 (15%) of them are expected to […]
Winch Design has unveiled its latest superyacht concept. Known simply as the “Beach Explorer”, this impressive superyacht spans 367 feet and, inspired by the commissioning client’s passion for diving and water sports, has been thoroughly kitted out for exciting ocean adventures. The Beach Explorer features a plethora of toys, gear, and amenities to keep guests […]
Last week, the Federation of Small Businesses (FSB) agreed to sign the Menopause Workplace Pledge, which aims to correct the lack of awareness and support for women and non-binary people in the workplace who are experiencing menopause. While women make up around half of the UK workplace, approximately 900,000 have left their jobs due to […]
Holidays to Britain’s golf courses are proving especially popular, with some top courses selling out not just for this year, but for 2023 too. PerryGolf, for example, has almost sold out of 2023 spots to play the Old Course at St Andrews. The course, also known as Old Lady or the Grand Old Lady, is […]
Facebook-owner Meta has reportedly halted the development of its smartwatch which was initially scheduled to be released in spring 2023. It had been in development for around two years. Like other smartwatches, it would feature activity tracking and music playback, but would also be linked to Meta’s platforms and would have a dual camera, setting […]
In May of this year, Elon Musk's electric vehicle company Tesla sold 32,165 China-produced vehicles, including 22,340 for export. This is according to the China Passenger Car Association. In contrast, April of this year saw Tesla sell 1,152 vehicles and export none as the company’s Shanghai factory halted work for 22 days from late March […]
Former prime minister’s son Euan Blair is rapidly heading towards billionaire status after the tech business he founded six years ago was valued at £1.35 billion. Blair’s EdTech company Multiverse, which he co-founded in 2016 with friend Sophie Adelman, is a platform designed for training and apprenticeship programmes. Recently, the company closed a new £175 […]
After months of anticipation, Edinburgh’s latest luxury hotel, the Gleneagles Townhouse, is open to guests. Though the hotel only opened its doors at the beginning of the month, Condé Nast has already listed it as one of the most exciting new hotels in the world. The brand new, luxury hotel is Gleneagles Townhouse’s first-ever expansion […]
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