Prime Ministerial endorsement: Cognizant zooms in on UK with 2,500 new hires September 20, 2021 The Prime Minister has today announced that global consultancy Cognizant will expand its digital UK workforce by 35 per cent over three years. The announcement comes as Boris Johnson hailed the UK’s “tech revolution” in “creating jobs, driving growth and boosting investment across the country,” and at the start of London Tech Week. The move [...]
Wave of redundancies looms for older workers as furlough nears end September 14, 2021 Research suggested that 31,000 workers aged 50 or over were made redundant between May and July. Now fears are growing of a wave of redundancies among over 50-year-olds when the Government’s furlough scheme ends. The unemployment rate for 50 to 64-year-olds has increased from 2.8 per cent to 3.4 per cent since the start of [...]
One in four parents worried ending furlough will hit their jobs July 22, 2021 With the furlough scheme set to end in September, many families are left worried about finances; as 41 per cent of families with children believe the Government should extend the scheme because of the financial hardships they may face. 25 per cent of parents are concerned that the end of furlough will hinder job prospects, [...]
SAP to invest €250m in the UK over the next five years July 19, 2021 SAP said it will invest a quarter of a billion euros in the UK through a UK-based cloud service and new offices, in an announcement today. The company will launch its UK Data Cloud service, establish new offices in London and Manchester and invest further in young talent through its internship programme. It’s new offices [...]
Government launches summer jobs site to stave off UK labour shortages July 16, 2021 The government has launched a summer jobs site in a bid to stave off labour shortages that have hit UK businesses across most sectors. The collision of the pandemic and Brexit has driven workforce shortages across construction, retail, hospitality and transport. The lorry driver shortage has also pushed production delays across other sectors, as supermarkets [...]
JP Morgan to lift pandemic office capacity caps in London July 14, 2021 JP Morgan will soon lift its 50 per cent capacity cap for its Canary Wharf office as pandemic restrictions are lifted next week. Employees will still be required to wear masks in common areas and complete health checks, as reported by Financial News. The US investment bank’s return-to-office task force said in an internal memo: [...]
Every UK job has the potential to be green, government-backed taskforce says July 14, 2021 Every job in the UK has the potential to be green, according to an independent report today, as long as the right investment is unlocked. The Green Jobs Taskforce, which wrote the report and is backed by the UK government, has been set up to build the workforce needed for prime minister Boris Johnson’s ‘green [...]
UK listed companies set for rebound after brutal pandemic hit July 14, 2021 UK listed companies saw a record decline over the course of the Covid-19 pandemic, but recovery is already underway and predicted to rapidly pick up. Investment manager J O Hambro Capital Management today said the pandemic was deeper and more widespread than any other downturn in recent history. The impact of the coronavirus pandemic was [...]
London in need of affordable housing to power recovery, say insurers July 13, 2021 London will struggle to rebuild from the pandemic unless more affordable housing is built, insurers Legal & General have warned today. The L&G Rebuilding Britain Index show housing is the poorest performing measure – behind jobs and economic prosperity – with affordable housing falling flat in London and the South East and West of England. Nigel [...]
Amazon snaps up Tesco exec Tony Hoggett to run stores worldwide July 9, 2021 Amazon today announced it has appointed Tony Hoggett, formerly one of Tesco’s top executives, to run its physical stores. Joining in January 2022, Hoggett will take on the role of senior vice president of physical stores and report to Dave Clark, chief executive of Amazon’s worldwide consumer business. He will be based in Seattle. Clark [...]