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 [...]
Belarus athlete granted Polish visa after refusing to return home August 2, 2021 Belarusian athlete Krystsina Tsimanouskaya, who refused her team’s orders to board a flight home from the Tokyo 2020 Olympics, has been granted a humanitarian visa by the Polish government. The sprinter, 24, entered the Polish embassy in Tokyo earlier today after spending a night in secure accommodation at Haneda airport under Japanese police protection. Tsimanouskaya [...]
FTSE 100 gets week off to a strong start as Covid cases fall again August 2, 2021 The FTSE 100 rose 0.7 per cent today as UK Covid-19 cases continued to decline, in what was a strong start to the week for global markets. Buoyed by a raft of heavyweights, London’s premier index closed at 7,081.72, with the 7,100 barrier firmly in its sights. It was an even better day for the [...]
RMT union postpones this week’s London Tube strikes August 2, 2021 Two separate Tube strikes planned for this week have been postponed, after the drivers’ union decided to hold more talks with Transport for London (TfL). London was set for travel chaos tomorrow, with a 24-hour drivers’ strike scheduled to begin at midday that was expected to affect the entire network. TfL wants to scrap the [...]
