Easyjet offers pilots ‘seasonal’ contracts to stave off job cuts August 23, 2020 Pilots at budget carrier Easyjet have been offered six-month long “seasonal” contracts in a bid to stave off sweeping job cuts amid the downturn in air travel. Up to 727 pilots’ jobs are at risk at the low-cost airline, which has seen passenger demand collapse due to the coronavirus pandemic. Under the new offer, pilots [...]
Former bosses of Finablr and NMC Health face fraud accusations August 23, 2020 The former chief executives of Finablr and NMC Health are among a group of 17 people who are claimed to have embezzled millions of UAE dirhams from the firms, the Sunday Telegraph reported today. According to a report prepared for billionaire tycoon Bavaguthu Shetty, who founded the companies, brothers Prasanth and Promoth Manghat, who led [...]
Jeremy Corbyn aides believed he sabotaged his 2019 election campaign August 23, 2020 Jeremy Corbyn’s closest aides thought he was sabotaging himself during the 2019 General Election campaign, according to a new book on Labour’s disastrous defeat. Corbyn reportedly intentionally missed events by making his schedule run over time during the campaign as the party’s leadership squabbled over campaign tactics. The revelations come from the soon-to-be-released Left Out [...]
Gavin Williamson was on holiday in lead-up to A-level results chaos August 23, 2020 Under fire education secretary Gavin Williamson cancelled a key meeting and went on holiday to the seaside a week before the A-level results fiasco, it has been revealed. The Sunday Times reports that Williamson went away to Scarborough, Yorkshire, on the week starting 3 August, just over a week before England’s A-level results came out. [...]
Home Grown Club boss on why the future of work is flexible August 22, 2020 While shops and restaurants are beginning to return to some semblance of normality, the evidence of coronavirus is still stark in London’s commercial districts. The City, perhaps more than anywhere, remains a ghost-town, its skyscrapers empty and its streets unclogged by the half a million commuters who used to make their daily pilgrimage. Offices will [...]
From protein to plastics – EU funding continues to flow (for now) August 21, 2020 | City Talk Portugal’s off the list. Croatia’s on the list. Spain and France have been on the list for a while. As far as Europe is concerned, the headlines are dominated by the latest quarantine rules for people returning to Britain from holiday hotspots. It’s tough to keep track of the changing rules and timings. On a [...]
Retailer AO to create 650 new jobs due to ‘sustained’ surge in online shopping August 21, 2020 Online electricals store AO will create 650 new UK jobs as it ramps up growth plans following a sustained surge in demand due to the coronavirus pandemic. The firm said it is preparing for “significant growth” after it saw an influx of customers shopping online during the Covid-19 crisis. The new roles will bolster AO’s [...]
Williams F1 team bought by US investment firm Dorilton Capital August 21, 2020 Formula One racing team Williams has been bought by US-based investment firm Dorilton Capital in a deal that marks the end of an era for the family-run group. The team will continue to race and compete under the Williams brand, and will remain at its base at Grove in Oxfordshire. The deal received the unanimous [...]
Ovo pays out £1.2m over SSE’s missed smart meter targets August 21, 2020 Ovo Energy has paid £1.2m to the industry regulator after SSE Energy Services, which it acquired in January, missed smart meter installation targets. Energy suppliers are required to meet annual targets to install gas and electricity smart meters, as the government aims to roll out the technology to all homes and small businesses by the [...]
JP Morgan prepares to launch UK digital bank next year August 21, 2020 JP Morgan Chase is reportedly preparing to launch an online bank in the UK early next year. The investment bank is finalising plans to open its UK challenger bank in the first quarter of 2021, according to Sky News. It has signed up suppliers to provide cloud and digital banking infrastructure, including Amazon Web Services [...]