BoE Governor challenges Westminster dismissal of Britcoin Britcoin The governor of the Bank of England has accused a Westminster committee of dismissing key arguments for the introduction of Britcoin.
Unilever backs down on raising £50bn bid for GSK consumer health arm Unilever Unilever has announced it will not raise its £50bn bid for GlaxoSmithKline's consumer health arm after the pharma giant rebuffed its approach in December.
Sony faces biggest share fall since financial crisis following Microsoft’s £55bn bid for Call of Duty maker SONY FALL Japanese tech giant Sony experienced its biggest one-day share drop since the global financial crisis on the Tokyo market, following Microsoft’s $75bn (£55bn) bid for Call of Duty maker Activision Blizzard.
Four-day working week deemed as antidote to ‘great resignation’ wave January 19, 2022 The four-day working week could the be solution to the post-pandemic ‘great resignation’ wave, according to research from cloud talent creators Revolent Group. The study has shown that 33 per cent of employees expect to leave their employer within the next year, with 28 per cent of them resigning because of work-life balance. More than [...]
Hong Kong’s ‘draconian’ travel restrictions push out corporate expats, says report January 19, 2022 Hong Kong may see even more residents pack their bags, with 44 per cent of Hong Kong expats saying they may leave over the city’s travel restrictions, a new report has revealed. Some 26 per cent of businesses in the global financial hub are also thinking of relocating, the American Chamber of Commerce in Hong [...]
Gas prices drop amid milder weather and LNG boost January 19, 2022 Gas prices have slumped despite seemingly favourable geopolitical trends amid milder weather and an LNG boost to formerly flagging supplies.
Battle of the City skyscrapers heats up as shiny new 22 Bishopsgate lures law firm McDermott away from Heron Tower January 19, 2022 City law firm McDemott Will & Emery is moving out of the Salesforce Tower, commonly known by its former name as the Heron Tower, to move to the 46th floor of the brand new 22 Bishopsgate skyscraper. The Salesforce Tower, minutes from Liverpool Street, housed the Chicago-based law firm for more than a decade. However, [...]
New laws proposed to strengthen UK’s fight against cyber crime January 19, 2022 New laws are needed to drive up security standards in outsourced IT services used by almost all UK businesses, the government has said this afternoon.
Four day working week reaches UK hospitality as iconic Landmark London hotel puts chefs on more pay for less time January 19, 2022 The Landmark London hotel has become the first major hospitality company in the UK to embrace the four day working week trend, telling City A.M. that its chefs will shave off one day a week from February without losing any of their pay. In fact, the five star Grand Dame hotel said its chefs will [...]
Telecom Italia shares slide as it edges further away from KKR’s £9bn takeover bid January 19, 2022 Telecom Italia shares have fallen for a second day straight today following an internal meeting to revamp the former phone monopoly, signalling that the takeover by the US fund KKR remains up in the air .