UK to relax Covid travel rules for Cop26 climate delegates August 9, 2021 The UK will relax Covid-19 travel rules for thousands of delegates attending the UN Cop26 climate summit in Glasgow in November. Cop26 officials have set out conditions for the event, which is expected to welcome up to 25,000 government delegates, journalists and campaigners from around the world for talks on curbing global warming. The summit, [...]
JPMorgan hikes pay for junior bankers in bid to fight off competitors August 9, 2021 Another American investment bank has hiked its pay for junior staff as Wall Street giants strengthen incentives across the board in a bid to attract the best talent. JPMorgan has increased pay for junior sales, trading and research analysts across its corporate and investment banking practice. The news was first reported by Bloomberg. First-year analysts [...]
Wall Street dragged down by falling airline stocks August 9, 2021 US benchmarks were dragged down by poor performances among airline stocks this morning as surging Covid cases dampens the outlook for the travel sector. The blue-chip S&P 500 dipped 0.08 per cent to 4,432 points, while the Dow Jones slid 0.24 per cent to 35,123 points. The tech-heavy Nasdaq fared better, jumping 0.19 per cent [...]
BBC headquarters ‘in lockdown’ as anti-vax protesters target broadcaster August 9, 2021 The BBC’s central London headquarters have reportedly been placed under lockdown as anti-vaccination protesters target the public service broadcaster. Earlier today the clueless mob attempted to storm Television Centre in west London, which stopped serving as the BBC’s headquarters in 2013. It is now home to studios for daytime ITV shows including Loose Women, luxury [...]
David Cameron was paid £7.2m by Greensill Capital before collapse August 9, 2021 David Cameron was paid a total of £7.2m over a number of years by failed supply chain finance firm Greensill Capital before it went bust in March. Documents, uncovered by the BBC Panorama, have revealed this included £3.3m he received after selling his Greensill share options in 2019. Cameron has said in the past that [...]
Former Woodford-led fund invests in Revolut August 9, 2021 A fund formerly headed by failed money manager Neil Woodford has invested in the UK’s most highly valued privately held tech business, Revolut. Schroder UK Public Private Trust, formerly known Woodford Patient Capital Trust, announced today it had acquired a small stake in the fintech. Read more: Watchdog warns Monzo and NatWest over banking transaction [...]
Skadden agrees 15 year lease for 22 Bishopsgate office August 9, 2021 International law firm Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, has signed for three floors of 22 Bishopsgate. The City of London’s tallest office building is now 60% let with the US law firm taking 65,000 sq ft of space and planning to move its 250-strong London workforce to the site in late [...]
Swiss miss: Domino’s bids farewell to Switzerland with final European franchise sale August 9, 2021 Domino’s Pizza Group has sold its last remaining franchises in Europe amid a withdrawal from the Continent to focus on its core UK and Irish markets. The pizza maker said its Swiss business had fetched 300,000 Swiss francs (£300,000) and the deal is expected to be completed this month. It ends a year-long process of [...]
Dido’s white flag: Harding to step down as head of NHS Improvement August 9, 2021 Baroness Dido Harding will step down from her role as head of NHS Improvement in October, health authorities have confirmed. The Tory peer, who also led the government’s Test and Trace programme until April this year, has held the role since October 2017. She had applied to become the new chief executive of NHS England [...]
Alibaba fires manager accused of sexual assault August 9, 2021 Chinese e-commerce giant Alibaba Group said today it had fired a manager over suspected sexual assault. The firm has also promised policies to prevent sexual harassment in the office but was criticised by state media for no action until the accuser went public. Over the weekend, a female staff posted an 11-page account on Alibaba’s [...]
