HSBC bags £135m from former Silicon Valley Bank as job cuts push up restructuring bill Banking The rescued UK wing of Silicon Valley Bank has paid another bumper dividend to HSBC as it racked up costs amid a sweeping restructure. HSBC Innovation Banking – the branding bestowed on the collapsed Silicon Valley Bank UK (SVBUK) – was taken over by Europe’s largest lender in March 2023 as ministers, regulators and banking [...]
Shares jitter at City recruiter Hays after taking chop to operations Economics Shares in Hays see-sawed on Wednesday morning as the recruiter revealed it had offloaded operations across six different countries. The FTSE 250 human resources firm said it had banked £4m on the sale of operations in the Czech Republic, Denmark, Hungary, Luxembourg, Romania and Sweden. The group expects the transaction to lead to a non-cash [...]
Adobe and LinkedIn target AI skills gap in marketing roles Tech Adobe and LinkedIn have launched a new AI training programme for marketers as businesses accelerate their adoption of AI and demand for AI-skilled workers surges. Together, the firms are rolling out a free programme through LinkedIn Learning, Fortune reported, offering role-specific courses covering digital marketing, content creation, social media, communications, data and analytics. The launch [...]
Jobs slump as economy ‘held up by uncertainty’ June 8, 2026 The UK jobs market has been handed another blow as businesses ditch permanent hires as the economy battles against domestic and international uncertainty. The latest jobs report from KPMG and REC, the professional body for recruiters, showed hiring for permanent places dropped to a reading of 44.1 in May, which sits below the neutral 50 [...]
Unemployment to peak at 5.8 per cent as jobs market faces ‘biggest hit’ since pandemic April 20, 2026 Britain is set to be “pushed to the brink of a technical recession” in the coming year as the economic fallout of the war in Iran dampens growth prospects and sends unemployment soaring. The latest Item Club report sees the UK economy flatlining in the second and third quarters as it digests the consequences of [...]
OpenAI investor calls for tax overhaul as AI reshapes jobs market March 29, 2026 An early investor in OpenAI has called for a radical overhaul of the US tax system in anticipation that the rise of AI will necessitate a shift from taxing labour to taxing capital. American businessman and venture capitalist Vinod Khosla has said that as the accelerated automation of the workforce fuels public anxiety over job [...]
UK jobs market ‘facing sustained shocks’ March 9, 2026 The Labour government is facing a rallying cry to ease the cost burden on businesses to avoid derailing a recovery in the jobs market. The latest jobs report from KPMG and the REC, the professional body for recruiters, showed hiring for permanent roles reaching a stabilising point in February with the pace of declines the [...]
UK unemployment will surpass pandemic high, says JP Morgan February 24, 2026 UK unemployment will brush past its peak in the Covid-19 pandemic, Wall Street’s biggest bank has predicted, as employer’s still feel the brunt of Rachel Reeves’ cash grabs. The rate of unemployed Brits is tipped to reach 5.5 per cent by the late spring, according to a forecast by JP Morgan, which would mark an [...]
Global recruiter SThree hit by ailing UK jobs market December 16, 2025 Global recruiter SThree has felt the pinch of the deteriorating UK jobs market with the region becoming the group’s worst performing large market. The consultancy – which specialises in connecting workers in science, tech engineering and mathematics with companies in need of staff – recorded a 26 per cent slump in fees in the UK [...]
Britain needs to ‘encourage enterprising entrepreneurs’ to kick-start economy October 22, 2025 Britain “needs to be a nation of shopkeepers once again” and “encourage enterprising entrepreneurs” to boost its economic prosperity, the chief executive of recruitment giant Reed has said. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered podcast, James Reed said if he was Prime Minister for the day, he’d “make Britain a destination [...]