Workers expect to boost revenue after in-person meetings resume June 29, 2021 Workers expect to boost the amount of revenue they generate once they are able to meet face-to-face with clients again, new research published today has revealed. According to hospitality group Accor, workers expect to make a quarter more in revenue when they are able to communicate with clients in person. Professionals predict they will make [...]
Finance chiefs: Pandemic twinned with Brexit could slow recovery up to four years June 29, 2021 It will take more than one year for businesses to recover from the effects of the global pandemic, according to a new survey of UK finance leaders, shared with City A.M. today. The figures show that UK businesses will take an average of 13 months to recover, with 43 per cent of UK finance leaders [...]
Mears resilient despite pandemic disruption June 29, 2021 London-listed housing solutions provider Mears Group PLC has shrugged off pandemic-induced disruption to remain on course for a strong year. Group revenues for the first half of 2021 are expected to be in excess of £430m and adjusted profit before tax to be around £11m, in line with current market forecasts, the firm said in a [...]
US and UK job markets may look similar, but they are on very different paths June 28, 2021 The US and Europe adopted very different approaches to providing labour market support during the pandemic but as their economies re-open they appear to be experiencing similar problems: worker shortages, a growing number of unfilled vacancies and wage pressures in some sectors. What’s going on? Let’s start with the labour market support programmes themselves. The [...]
UK banks’ profits slashed by more than half June 28, 2021 Big UK banks’ profits have slid by more than half over the last year, according to a ranking of the world’s largest lenders published today. UK lenders included in The Banker’s top 1,000 World Banks 2021 experienced a 53 per cent drop in profits. Losses were attributed to the severe damage the pandemic has inflicted [...]
Matt Hancock habitually used private email account for government business June 27, 2021 The now ex-health secretary’s decision to use a private account for government business concealed information from government officials and potentially the public. Former health secretary Matt Hancock is under investigation for using a personal email account rather than an official account to conduct government affairs during the pandemic, in a breach of ministerial guidelines, according [...]
Weekend Read: Fostering a company culture in a hybrid world June 26, 2021 After three lockdowns, more than a year of home working and an unprecedented vaccine rollout, firms of all sizes are slowly, cautiously, reopening and welcoming staff back to the office. But this mass return to the traditional workplace will be tough for managers and leaders on a number of levels. Motivation levels may be low, [...]
Cost of buying first home in London more than doubles over last half century June 26, 2021 Today’s first-time-buyers in London have to pay two and a half times as much for their first home as they did five decades ago, according to new research. A report published by the Resolution Foundation today shows the cost of purchasing a first home with a mortgage in the capital was £212,000 in 1974 – [...]
COP26: ESG needs a top-down approach to be truly effective June 26, 2021 Environmental, Social, and Corporate Governance (ESG) issues are fast becoming a key factor for investment decision making. The ethics and sustainability efforts of a business impact who invests and for how much. Despite ESG becoming a priority, many financial services professionals are still unclear about how organisations produce this data. In fact, a recent survey [...]
Brexit vote five years on: We would take UK back, say Europeans June 25, 2021 More than five years after the UK voted to end its membership of the European Union, most Europeans would happily support a ‘Breturn’. If the UK were to change its mind, millions of Europeans would take Britain back, according to a poll by Redfield & Wilton Strategies, with Spaniards being the most welcoming and the [...]