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 [...]
UK hospitality sector calls for changes to test and trace system July 1, 2021 Hospitality trade association UKHospitality has called for an immediate review of the government’s test and trace isolation guidelines. It says current measures are “massively disruptive” to the sector. The body says existing staff shortage problems are being “compounded” by staff being told to self isolate. It says the current system can lead to whole teams [...]
British Council could cut 2000 jobs after budget slash July 1, 2021 The British Council has started planning a redundancy consultation, potentially resulting in 2000 jobs being cut. The action follows a drop in funding from the government. The public body announced last week it would have to cut 15-20 per cent from the organisation over the next two years due to the financial impact of the [...]
Barclays to up junior bankers’ base pay to $100,000, following Wall Street rivals June 30, 2021 UK bank Barclays is expected to increase base pay for junior bankers to $100,000 amid an exodus of young workers. The pay hike would bring the company’s rates in line with those announced by JPMorgan this week. In April, Bank of America also increased junior banker salaries by up to $25,000. While the changes are expected [...]