The City View: Adrienne Gormley of Dropbox on why hybrid working requires more than just new tech August 27, 2020 In this episode Christian talks to Adrienne Gormley, head of EMEA at Dropbox, about the opportunities and potential pitfalls of remote working. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Adrienne says that getting it right requires more than just having the right digital tools and that a new approach to management and company culture is necessary. Also [...]
EU trade boss Phil Hogan resigns over ‘golfgate’ August 26, 2020 EU trade commissioner Phil Hogan has today resigned after breaching coronavirus restrictions by attending a golf dinner. “It was becoming increasingly clear that the controversy concerning my recent visit to Ireland was becoming a distraction from my work as an EU Commissioner and would undermine my work in the key months ahead”, Hogan said in [...]
Sir Jim Ratcliffe’s Ineos to build new 4×4 in France August 26, 2020 UK car manufacturing suffered another blow today after it emerged that Sir Jim Ratcliffe’s Ineos had made an official offer to buy a factory in France to build its new 4×4. The billionaire was understood to have been in talks with the Welsh government to build a new factory in Bridgend for the car, a [...]
Donald Trump ready to take executive action to save airline jobs, says White House August 26, 2020 The White House today said that US President Donald Trump was preparing to act unilaterally to prevent a massive wave of job cuts at US airlines that have been ravaged by the coronavirus pandemic. According to chief of staff Mark Meadows, Trump is considering using an executive order to avoid the layoffs if Congress does [...]
UK quarantine list: Which European countries have the worst infection rates? August 26, 2020 Switzerland looks set to be added to the list of countries on the UK’s quarantine list after a surge in the number of coronavirus cases in the country. Scotland has already reimposed self-isolation measures on travellers from the country, with ministers in England due to review its list today. If it is added to the [...]
Gatwick Airport to cut nearly a quarter of its workforce August 26, 2020 Gatwick Airport this afternoon announced that it could cut up to 600 jobs as part of a major restructuring caused by the coronavirus pandemic. The airport is the latest company in the struggling aviation sector to announce such cuts, which account for 24 per cent of its workforce. The sector is one of the worst [...]
DIY firm Screwfix to open 40 new stores and create 400 jobs August 26, 2020 DIY tool firm Screwfix has announced that it will open 40 new stores this year, creating around 400 jobs across the UK and Ireland. The retailer, which is owned by Kingfisher, said that it would open 30 stores in the UK by the end of January, with 300 jobs in retail management, service assistance and [...]
European electric vehicle sales surpass China for first time since 2015 August 26, 2020 Sales of European passenger electric vehicles in the first half of 2020 exceeded those in China for the first time in five years. According to a report from Bloomberg, around 380,000 electric vehicles were sold over the 16 main European markets in the first six months of the year. Meanwhile, in China, which is widely [...]
The City View: CFA Institute’s Gary Baker on how markets have functioned during Covid-19 August 26, 2020 In this episode Christian talks to Gary Baker, EMEA MD of the CFA Institute, the global network of investment professionals, about how markets and investors have reacted to waves of market disruption and unprecedented central bank intervention. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Gary also talks about the role of human decision-making and judgement amid a rise [...]
Wall Street hits new highs again after US-China trade deal talks August 25, 2020 US markets continued their record run this evening, once again closing at new highs after the US and China reaffirmed their commitment to President Donald Trump’s much-touted trade deal. Although the gains were more modest than yesterday, the benchmark S&P 500 closed up 0.4 per cent at 3,443 points, while the tech-heavy Nasdaq punched up [...]