Isabelle Jenkins named PWC’s new leader of financial services January 18, 2021 Isabelle Jenkins has been named the new leader of financial services for PwC UK after spending 17 years as a partner at the firm. Jenkins replaces Andrew Kail, who held the role over the last four and a half years. He will take up a new role as the CEO of Legal and General retail [...]
FCA insists it protects consumers from investment harm despite criticism January 18, 2021 The Financial Conduct Authority (FCA) opened 1,500 supervisory cases involving scams or high risk investments in the first 10 months of 2020, in an effort to clamp down on consumer investment harm. The city regulator also stopped applications for authorisation from 343 financial services firms and individuals where the potential for consumer harm was identified [...]
Johnson to discuss ‘Singapore of Europe’ plans with business leaders January 18, 2021 Boris Johnson will hold talks with business leaders today about cutting red tape, as ministers draw up plans to turn Britain into the “Singapore of Europe” now it has left the EU. The Prime Minister will speak to 30 senior leaders about “regulatory freedom” and reforming EU rules, The Times reported today. Leaders from BP, [...]
24-hour vaccination sites to be piloted in London by end of January January 18, 2021 Vaccination sites open 24 hours a day will be piloted in London by the end of January, as the government looks to speed up the UK’s vaccination progress against coronavirus. Speaking on Sky News this morning minister for vaccine deployment Nadhim Zahawi said the UK was vaccinating 140 people per minute on average. “You’ll see [...]
A million Vauxhall drivers may be in line for compensation following emissions test cheating claims January 18, 2021 More than a million Vauxhall drivers in the UK could be due compensation, following allegations the car manufacturer cheated emissions tests. Campaign group Vauxhall Pay Up, which launched today, claims the car company installed software on 600,000 vehicles to cheap emissions tests. Drivers who bought or leased Vauxhall cars between 2009 and 2019 could be [...]
Dr Martens confirms plans to float on LSE January 18, 2021 Dr Martens has confirmed it intends to float on the main market of the London Stock Exchange, with admission currently expected in early February. The company intends to apply for admission of the shares to the premium listing segment of the Official List of the Financial Conduct Authority, and to trading on the London Stock [...]
House prices fall as sellers hope to beat tax deadline January 18, 2021 Average property prices fell by nearly £3,000 this month (-0.9 per cent) as sellers tried to temp buyers to squeeze in a sale before the end of the stamp duty holiday. Despite their efforts sellers are unlikely to beat the stamp duty deadline, according to Rightmove, as it typically takes more than four months to [...]
Jobs applications during December lowest in five years January 18, 2021 The number of people applying for jobs in December was the lowest it had been in five years, despite the current unemployment rate. Just 2.2 million job applications were made last month, down just more than a third (34%) when compared with the same time in 2019, according to jobs site Broadbean Technology. The job [...]
Uber offers money off trips to mass-vaccination centres January 18, 2021 Uber will cover up to £15 worth of passengers’ trips to seven mass-vaccination centres in England, including to the Nightingale hospital in London. Customers can book the service by entering the correct promotion code for the mass-vaccination hub they are travelling to in the app ahead of booking their journey. Uber has become the [...]
City salaries up this quarter as London weathers worst of 2020 January 18, 2021 Salaries in the City of London are up 14 per cent on the last quarter, as the city moves past the worst of the pandemic damages. The city jobs market has remained resilient despite the triple threat of the pandemic, Brexit trade deal and the US election. Brexit has also failed to deliver a big [...]
