The pandemic has the power to set back gender equality and care burdens – we mustn’t let it August 3, 2021 Britain has been at the forefront of empowering women economically and combating gender inequality, but the uneven impact of the pandemic has thrown much of this progress into jeopardy. Research on the economic fallout has found that the pandemic-driven recession may be driving the first “she-cession” where women’s economic prosperity, relative to men’s, has slid [...]
Domino’s profits rocket as ‘Freedom Day’ ushers in more consumer cash August 3, 2021 Domino’s has seen its sales and profits rocket in the past six months, as the end of restrictions in the UK ushered in greater consumer spending power. The pizza group’s profits after tax pulled in £41.3m in the six months to 27 June, surging 117.4 per cent from its just £19m profit in 2020. Sales [...]
Boris Johnson ‘kills amber watch list travel plan’ August 2, 2021 Boris Johnson has quashed the idea of instating a new “amber watch list” for foreign travel after fears of the devastating impact it could have on people’s summer holiday plans. According to multiple reports this evening the Prime Minister has elected to bin the proposal, which triggered outrage on the Tory backbenches. The reports came [...]
London Stock Exchange traders hit by third Refinitiv outage today August 2, 2021 London Stock Exchange’s Refinitiv news and data platform Eikon experienced an outage of several hours today, the company said, its third such glitch this year. The company reported similar issues in April and June. An LSEG customer support representative said the issue which started mid-afternoon had mostly affected users in Asia and the Europe, Middle [...]
Credit Suisse mulls hiking junior staff salaries to $100,000 August 2, 2021 Credit Suisse has reportedly become the latest banking giant to hike junior staff salaries to $100,000 amid growing competition for fresh talent. According to Financial News, the lender will pay first year analysts $100,000 a year, with salaries to rise to $105,000 and $110,000 over the next two years. City A.M. understands that the hike, [...]
London businesses optimistic about tourism recovery after travel rule changes August 2, 2021 Hospitality bosses in the capital have welcomed a change in international travel rules as London looks to restore its tourism economy. Those fully vaccinated in the US or European Union no longer have to isolate on arrival in the UK from an amber list country, as of changes brought in this morning. Travellers are still [...]
Rishi Sunak renews call for City workers to get back to the office August 2, 2021 Rishi Sunak has renewed calls for young City workers to get back to the office now the government’s work from home order has been dropped. The chancellor recalled how his career as a young investment banker was helped by making relationships in the office with older colleagues. Speaking about a recent visit to Scotland where [...]
FTSE 100 engineer Smiths to sell medical division for $2.3bn August 2, 2021 British engineering giant Smiths this evening announced that it would sell its medical division to US private equity firm TA Associates for $2.3bn (£1.7bn). Under the deal, the FTSE 100 firm could be in line for a $200m windfall depending on how Smiths Medical performs in the future. The acquisition is just the latest in [...]
Fewer close contacts of coronavirus sufferers to be pinged as NHS Covid app changed August 2, 2021 Fewer close contacts of Covid cases will be told to self-isolate after an update to the NHS app today. The NHS Covid 19 app’s ‘logic’ will be updated today (2 August) in a bid to encourage the public to continue using the app, the Department of Health has announced. Individuals will be notified if they [...]
Xavier Rolet hits back at junior bankers complaining about working hours August 2, 2021 The former boss of the London Stock Exchange Group, Xavier Rolet, has accused junior bankers who routinely work 100-hour weeks of moaning about conditions. A survey taken by 13 new recruits at Goldman Sachs revealed that surging workloads have taken a toll on mental health during the pandemic. Pleas by junior bankers to work just [...]
