JP Morgan offers to cover hotel quarantine costs for staff in Hong Kong November 22, 2021 JP Morgan has offered to give staff in Hong Kong up to $5,000 to cover quarantine costs, so they can visit families abroad. The city has tough quarantine rules, meaning arrivals into Hong Kong must quarantine in a hotel for up to three weeks. In a memo to staff, the investment bank said: “We recognise [...]
FTSE 100 chief execs continue to feel the pinch with lower pay packages November 22, 2021 The pay cheques of FTSE 100 company chief executives have taken a hit this year, as executive rewards were curbed during the pandemic, according to reports.
Travelodge to open four ‘budget chic’ hotels this month, including in London’s Elephant and Castle and Manor House November 22, 2021 Travelodge has announced four new hotels will be open in time for Christmas as bosses hope to cash in on families looking to travel during the festive season, with most of them to be offering ‘budget chic’ rooms. Two new sites have already opened in London, in Elephant and Castle and Manor House, with a [...]
CBI pushes Tories on levelling up and says regions need cash and clusters November 22, 2021 Business group the CBI today said delivering economic growth across the country will be the determining factor in whether the Government’s levelling up agenda will be a success. Director general Tony Danker said clusters of economic activity will have to be created or built on, in different parts of the UK. Danker will push for [...]
Deutsche Bank nominates Alexander Wynaendts as next chairman November 21, 2021 Deutsche Bank’s board will nominate Alexander Wynaendts as the new chairman at the bank’s annual general meeting in May 2022. If elected, Wynaendts will replace Paul Achleitner, who served as chairman for 10 years and decided not to run for re-election. “It is a great honour to have been nominated by Deutsche Bank as a [...]
After Amazon’s dramatic move to block Visa credit cards, businesses sound the alarm: Card fees are out of control November 20, 2021 E-commerce giant Amazon confirmed to City A.M. yesterday that it intends to stop accepting payments made using UK Visa credit cards from early next year. The online retailer said that Visa credit cards issued in the UK will be blocked from use on its site from January 19. The move sent shockwaves through Britain’s consumer [...]
Founder of tech firm where David Cameron chaired advisory board steps down after sexual assault claims November 19, 2021 The founder of a tech group at which former prime minister David Cameron was an adviser has stepped down amid allegations of sexual harassment. Zia Chishti, who founded Afiniti, was accused this week of pressuring a former employee into having sex with him on a business trip, when it was also alleged he beat her. [...]
Consumer confidence edges up despite inflation and supply chain woes November 19, 2021 Shoppers put aside concerns about soaring inflation and supply chain woes and spend in the run-up to Black Friday and Christmas, leading consumer confidence to edge up, according to new data published this morning. GfK’s long-running Consumer Confidence Index increased three points to minus 14 in November following a three-month downturn. A seven-point jump in [...]
By far best-paid in Europe: CEOs in UK make 759 per cent more than their employees November 18, 2021 Chief executives in the UK are on average 759 per cent more than their employees, making the wage gap in Britain the biggest in all major economies. Business leaders in the UK also get paid more than anywhere else in the world, after the United States. On average, CEOs are paid £300,312, whereas the median [...]
Exclusive: Homebase among 40+ retailers to offer Bitcoin cash back November 18, 2021 Major UK retailers including Homebase plan to give online shoppers cash back in Bitcoin it has been claimed. Homebase is among more than 40 retailers which will be added to a crypto rewards scheme powered by London-listed fintech Mode, the company announced today. When UK customers make purchases at participating retailers their Mode wallet will [...]
