Goldman Sach’s London employees to return to the office by 21 June May 4, 2021 Goldman Sachs employees in the UK will return to the office by 21 June, in line with the government’s easing of lockdown that should see the UK largely restriction-free. In an internal memo circulated among staff, and seen by City A.M., chief executive David Solomon said: “We know from experience that our culture of collaboration, [...]
Portugal, Israel and Greek and Spanish islands get green light for British holidays May 4, 2021 British holidaymakers have been given the go ahead for international travel to Portugal, Israel and some Greek and Spanish islands ahead of government plans to unveil a travel green list later this week. The Foreign Office this afternoon dropped its advice against non-essential foreign travel to Portugal and the Greek Islands of Rhodes, Kos, Zakynthos, Corfu [...]
Government spends £624m on consultancy contracts during pandemic May 4, 2021 The government has awarded contracts worth at least £624m to private firms for consulting, marketing and research purposes during the pandemic, despite criticism it has been too reliant on private firms during the crisis. In total some £30.2bn in contracts have now been awarded by the UK government in response to Covid-19, the latest figures [...]
Covid-19 gives employees itchy feet as job hunts are on the rise May 4, 2021 Job hunts are rising for those in corporates, consultancies and start-ups, according to figures from Movemeon, as multiple lockdowns have shown bosses under a different light. A third of those working in management consultancies are looking for a new role, alongside nearly a quarter of those in private equity and venture capital (PE/VC). Employees getting [...]
Exclusive: Four out of five on furlough consider switching to jobs they are overqualified for May 4, 2021 Four in five furloughed Brits are considering applying for jobs they are overqualified for if they cannot return to their existing employment. Some 62 per cent of respondents feared they would not have a job to return to after furlough, according to new research by consultancy firm NTT DATA UK, shared with City A.M. this [...]
Joachim Klement, CFA: Three Geo-Economics trends to watch May 4, 2021 | City Talk “Today’s investors need to understand geopolitical trends as a main driving force of markets.” Joachim Klement, CFA Joachim Klement, CFA, has emerged over the last decade as one of the more insightful and compelling voices in finance. Well-reasoned, rigorous, humorous, and occasionally iconoclastic, his perspective, featured either on the Enterprising Investor Blog or on his [...]
Coronavirus third wave fears ‘diminishing’ amid UK’s rapid vaccine rollout May 4, 2021 The likelihood of a major third wave of coronavirus infections in the UK is “diminishing” alongside Britain’s rapid vaccine rollout, one of the UK’s most senior scientists said today. Markets responded positively to the news, with the FTSE up three-quarters of a per cent mid-morning. Professor Neil Ferguson, member of the Scientific Advisory Group for [...]
UK and India free trade deal talks to start in autumn, says minister May 4, 2021 The UK and India will begin talks over a full free trade deal in the autumn that will “double” trade between the two countries, trade minister Liz Truss has said. Truss told BBC Radio 4’s Today programme that Britain wanted to see India’s tariffs on imported cars and whiskey reduced or removed as part of [...]
Germany’s Oktoberfest cancelled again due to Covid concerns May 4, 2021 The world’s largest beer festival, Oktoberfest, will not take place for a second year in a row due to coronavirus concerns, German authorities have said. Oktoberfest attracts around six million visitors to Munich every year, with many travelling from abroad. Revellers sit at long communal tables to drink beer, eat food, and listen to music. [...]
Denmark ditches Johnson & Johnson vaccine amid fears of rare but serious blood clots May 3, 2021 Denmark has become the first country exclude Johnson & Johnson’s Covid-19 jabs from its vaccination programme over a potential link to a rare but serious form of blood clot. The move comes after the Nordic country last month stopped using AstraZeneca’s vaccine altogether citing similar concerns. The country’s health authority said in a statement it [...]