Link between long-Covid and work absence is strongest in older workers, ONS says December 5, 2022 A link between so-called ‘long Covid’ and absence from the labour market has been highlighted for the first time since the pandemic. Latest figures from the Office for National Statistics show 23.3 per cent of 16-64 year-olds with long-covid were economically inactive as of July of this year. This, compared to 21.4 per cent being [...]
John Lewis seals £500m deal with Abrdn to enter rental property market December 2, 2022 John Lewis has signed a £500m deal with investment giant Abrdn to enter the rental property market. The agreement announced today will see the High Street titan deliver a thousands new homes a year, with a view to having built 10,000 in the next decade. In a bid to diversify and move away from dependency [...]
Labour inflicts first defeat on Rishi Sunak holding Chester in by-election December 2, 2022 Labour has inflicted the first defeat on Tory prime minister Rishi Sunak, winning the Chester by-election. Samantha Dixon took the seat with a majority of 10,974, a swing of 14 per cent on the Tory vote. Turnout was disappointingly low however at just 41 per cent. The by-election was triggered after former Labour MP Christian Matheson [...]
BrewDog gives up B-Corp social and environmental certificate December 1, 2022 BrewDog has given up its B-Corp certificate recognising its social and environmental impact because the organisation which gives it, B Lab, “requested additional measures”. The beer-maker said in an internal statement seen by City A.M., that “we have decided to step aside from our B Corp certification for the time being.” The brand it gave [...]
Chief of beleaguered energy storage firm ITM Power resigns after 13 years December 1, 2022 The chief executive of ITM Power Graham Cooley has quit with immediate effect after 13 years at the helm. He will be succeeded by Dennis Shulz as the firm deferred its trading update to the end of January instead of in early December. This comes after ITM Power suffered ballooning gross losses of £23.5m earlier [...]
10,000 ambulance workers vote to strike before Christmas November 30, 2022 10,000 ambulance workers have voted to strike before Christmas. Emergency workers in the GMB Union will walk out before the end of the year, with representatives across nine services to meet and decide dates. This comes as the cost of living crisis continues to pile pressure on people’s finances, with the NHS struggling to attract [...]
Boss at Mayfair hedge fund TCI gets £575m dividend – but it won’t go in his pocket November 30, 2022 The boss at a Mayfair hedge fund management company has been given more than a half-a-billion dividend, which will be reinvested in companies it runs. Sir Chris Hohn of TCI Fund Management gave himself £575m after a rise in profits, but it is understood it won’t be going into his bank account, according to The [...]
Eurostar and Southeastern: Disruption after train sent to fix faulty line also breaks down November 30, 2022 Furious rail passengers are seeking refunds after Eurostar and Southeastern trains were cancelled due to a series of faults on the line in Kent. Both companies use the HS1 track and were forced to cancel trains due to overhead line damage between St Pancras and Ebbsfleet in north Kent. The disruption was exacerbated when an [...]
City grinds to a halt as Just Stop Oil’s slow walk protest comes to Square Mile November 30, 2022 Just Stop Oil brought Square Mile traffic to a halt on Wednesday by slowly walking through the street. The environmental group’s tactic is designed to cause maximum disruption in protest of the government pursuing new oil and has licenses. The City of London Police tweeted earlier this morning, that: “We’re aware of a slow-walking protest [...]
Major City report sheds light on ‘class ceiling’ blighting financial services November 30, 2022 A major City report into social mobility has called to “break the ‘class’ ceiling” and get more people from non-professional backgrounds in boardrooms. The industry must “act now” to make the workforce more socio-economically diverse, with a lofty goal of at least half senior leaders in financial and professional services being from that background by [...]
