Today’s Fed meeting: Those who eat get fat, those who don’t regret June 16, 2021 According to an old Turkish saying ‘those who eat get fat, those who don’t regret.’ Traders would pick this up as taking a long equity position as investors continue to navigate an environment of low to negative yields on less risky holdings, with all eyes on the Federal Reserve later today. “It’s the Turkish way [...]
David Frost: UK-EU Northern Ireland negotiations making little progress June 16, 2021 Talks between the UK and EU over post-Brexit conditions in Northern Ireland are still making “little progress” as tensions remain high, according to UK-EU minister Lord David Frost. Frost said that “we would prefer to find negotiated ways forward”, but that “all options remain on the table”. Last week’s G7 summit in Cornwall was often [...]
Covid vaccines to become compulsory for care home staff in England June 16, 2021 Boris Johnson is backing compulsory vaccine measures, while ministers consider extending them to all NHS staff. Coronavirus vaccinations are to be legally required for care home staff who work with elderly and vulnerable people, under plans to be announced by ministers today. The government is also considering extending the policy to all NHS staff – [...]
Government taskforce calls for easing of UK finance regulations to ‘unlock’ £100bn in investment June 15, 2021 A government taskforce has urged Boris Johnson to shed a range of UK regulations on finance post-Brexit to “unlock” more than £100bn of investment in small businesses and high-growth tech firms. The Taskforce for Innovation, Growth and Regulatory Reform (TIGGR), led by former Tory leader Sir Iain Duncan Smith, called for changes to allow pension funds to easier invest in high-risk, [...]
Investors stare into the unknown as Keywords CEO Andrew Day departs after bumper year June 15, 2021 Keywords Studios CEO Andrew Day will step down from his role following an extended leave of absence. Jon Hauck and Sonia Sedler will continue as joint interim CEOs until a replacement is found, the company confirmed today. “It should come as little surprise that Andrew Day is stepping down from his role as CEO at [...]
Queen’s Birthday Honours list recognises four City Corporation figures June 15, 2021 | City Talk A City of London Corporation Member, a transport expert and leaders in the charity and education sectors have been recognised in the Queen’s Birthday Honours. The four will receive awards for their work supporting communities in the Square Mile and across London, including during the COVID-19 crisis. Henry Jones, who has represented Portsoken ward on [...]
First summer post-Brexit: Panic among desperate UK farmers as hundreds of thousands of fruit pickers stay away June 15, 2021 Farmers across the UK are in panic mode as the busiest season of the year is about to start but they are faced with a shortage of hundreds of thousands of European workers. In fact, there is such a “massive whole” in the number of available fruit and vegetable pickers that it is putting farmers [...]
‘The wellness era’: Pop star Cheryl on her new business venture Feel Vitamins June 15, 2021 Pop star and television personality Cheryl is making her first foray into business with an investment in UK digital health company Feel, as she pivots from celeb life into wellness. Feel was launched by Boris Hodakel in 2019 claiming to clean up the “dirty” nutritional supplement market through its direct-to-consumer subscription model. It has already [...]
Executive pay gap: Men get paid 23 per cent more than women at director level June 14, 2021 Senior men get paid up to 23 per cent more than women, according to new research shared with City A.M. this evening. The gender pay gap is particularly substantial in senior positions and can be as high as 23 per cent for directors, while the associate level stands at 9 per cent, according to data [...]
Worth the commute: 9 out of 10 want hybrid working paired with an improved office June 14, 2021 Nine out of ten UK workers want the option to work remotely once offices reopen, while the same proportion desire a better office set-up when they do go in, new research today suggests. Data from OpenSensors, a workplace technology company, shows that a similar proportion of workers (90.5 per cent) are being offered the option [...]