Four in 10 Londoners to switch jobs due to declining sector opportunities December 9, 2020 More than four in 10 (42%) Londoners are leaving their current jobs and sectors for fear there are declining job opportunities in their current line of work. Londoners are seeking job opportunities that are more stable and will not be impacted by the coronavirus pandemic, with nearly half (49%) of those polled moving sector for [...]
Stephan Shakespeare: Could Mike Ashley bring in customers to save Debenhams? December 9, 2020 Customers of Mike Ashley’s Fraser’s Group are typically more likely to consider buying from struggling department store Debenhams, YouGov research has revealed. It has been a tough year for retail but Debenhams has been hit particularly hard, with several of its stores closing their doors in May. Now, liquidators have been brought in to start [...]
UK firms worry about readiness as Brexit deadline approaches December 9, 2020 UK firms are increasingly anxious about Brexit, with more than half of those affected saying their ability to adequately prepare hinges on the ongoing trade talks, according to a new survey. The Institute of Directors (IoD) business lobby group which carried out the survey called on the government to “pull out the stops to land [...]
Unleash the power of digital across our nation December 9, 2020 Digital capital has transformed every role I’ve held. As a business leader, the emergence of digital markets and communication transformed my industry. As an MP and minister, I wrestled with how access to digital information shaped opportunities. I worked to widen access to digital skills for women (only 19 per cent of workers in tech [...]
Hurrah for a vaccine — but was lockdown actually worth it? December 9, 2020 The development of the vaccines has changed many things. It has even influenced the opinion of the Prince of Lockdown himself, health secretary Matt Hancock. Life, he pronounced at the weekend, would be back to normal by the spring and the “blasted regulations” abolished. But one thing has remained constant: the government’s continued refusal to [...]
G4S agrees to Allied Universal sale in £3.8bn deal December 8, 2020 Security group G4S has agreed to sell its business to US-based Allied Universal, in a deal that will value the company at £3.8bn. Under the terms of the offer G4S shareholders will be entitled to receive 245 pence in cash for each G4S share. The G4S directors consider the deal fair, and intend to unanimously [...]
Boeing lost 63 more 737 Max orders in November as dire year goes on December 8, 2020 Boeing lost 63 orders for the 737 Max last month, even though the plane was finally cleared to fly again by regulators. In yet another dire month for the US planemaker, orders of all its different models fell by 28 planes in total. A number of airlines, including Virgin Australia and Air Canada, scrapped or [...]
Citigroup appoints first female head of Middle East and North Africa operations December 8, 2020 Citigroup has appointed Elissar Farah Antonios as the first woman to head the bank’s Middle East and North Africa (MENA) operations. MENA is Citi’s fastest growing region in its emerging markets portfolio and contributes 30 per cent of the bank’s net income in Europe, the Middle East and Africa. Antonios joined Citigroup in 2005 as [...]
Honda warns of production delays at Swindon plant due to transport disruption December 8, 2020 Japanese car giant Honda has warned that it might have to suspend production at its factory in Swindon due to delays in getting hold of parts as a result of transport disruption. The automaker operates a “just in time” system at the plant, where car parts arrive as and when they are needed. This can [...]
Bolt launches fund to help its London drivers transition to electric vehicles December 8, 2020 Bolt, London’s second biggest taxi service, is launching a Zero Emission Transition fund to move its London-based drivers over to electric vehicles. The fund will be worth around £250,000 and will come at no extra cost to riders or drivers. The money will be used to pay for four main things: Installing charging points, developing [...]
