JP Morgan moves London staff amid coronavirus outbreak March 5, 2020 JP Morgan is sending some employees to backup locations to reduce disruptions if employees are exposed to coronavirus. In a memo sent to staff, head of sales Marc Badrichani and head of trading, Troy Rohrbaugh, said the company has “started to test and implement alternative working arrangements for employees in New York and London”. “Dividing [...]
Covid-19: First coronavirus death in the UK March 5, 2020 A patient with underlying health conditions has died after testing positive for coronavirus, according to the Royal Berkshire NHS Trust. In a statement on its website, the hospital said: “Sadly, we can confirm that an older patient with underlying health conditions has died. The patient has previously been in and out of hospital for non-coronavirus [...]
Airbnb signs data sharing partnership with European Commission March 5, 2020 Airbnb has signed a data sharing partnership with the statistical office of the European Commission. The agreement with Eurostat will give European public authorities access to independently published data on short-term rentals on Airbnb. “The agreement will for the first time permit access to reliable data about holiday and other short-stay accommodation offered via these [...]
PSSL threatens Pollen Street Capital with legal action to obtain documents March 5, 2020 Pollen Street Secured Lending (PSSL) has hit back at Pollen Street Capital and is threatening legal action to obtain due diligence materials. In a punchy letter to shareholders, PSSL chairman Simon King said that PSC is trying to ensure that Waterfall Asset Management’s bid will not proceed. In January, Waterfall made a possible cash offer [...]
Gresham House acquires Trade Risks amid strong 2019 performance March 5, 2020 Gresham House announced the acquisition of Trade Risks as it reported a double digit rise in its assets under management. The figures Gresham House reported a 23 per cent increase in assets under management from £2.3bn to £2.8bn. Total income rose 124 per cent from £14.7m to £32.9m, while adjusted operating profit rose 237 per [...]
Sky and Virgin Media down: Outages leave customers across UK without broadband March 5, 2020 Sky and Virgin Media are down across the country, leaving customers without broadband. The issue has affected more than 60 towns and cities in the South East, which both companies said had been caused by a “fibre break”. Customers took to Twitter to complain about the issue throughout the day using the hashtag Virgin Media [...]
Schroders profit falls as investors turn their back on equities March 5, 2020 Schroders posted a four per cent fall in profit before tax as market uncertainty prompted investors to ditch equities. The figures Schroders reported that profit before tax fell four per cent from £649.9m to £624.6m. The asset manager reported total net new business of £43.4bn, with positive net inflows across all asset classes as the [...]
Investors demand companies manage climate change risk ahead of AGM season March 5, 2020 Investment managers will demand to know what companies are doing to manage climate change in this year’s AGM season. The Investment Association (IA), whose members own one third of the value of UK listed companies, is asking companies to report the impact of climate change will have on their business model and how it will [...]
London is the UK’s worst region for women in work March 5, 2020 London has fallen to the bottom of the UK’s regional ranking in PwC’s latest Women in Work Index. The capital fell three places because of poor female labour force participation and a high female unemployment rate. The gap between male and female labour participation sits at 13 per cent, behind the UK average of 10 [...]
Italy coronavirus: Schools and colleges will close for two weeks March 4, 2020 Italy is considering closing all schools and colleges in a bid to stem the outbreak of the coronavirus as the country’s death toll jumps to 107. The Ansa news agency reported that the Prime Minister Giuseppe Conte decided to close all educational institutions for two weeks because of the rapid spread of the coronavirus. Italy’s [...]
