Snakes and Ladders: Who is moving jobs in the City this week? November 18, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This week, [...]
Editorial: Christmas plans expose Government’s lack of strategy November 18, 2020 Only a true Scrooge would begrudge the Government’s reported plans to open up the country for a Christmas spectacular. But, well, here we are. Such a move betrays the fundamental lack of thought at the heart of the Government’s strategy – or lack thereof. The plan, as we understand it, is to allow for household [...]
Boohoo factory saga ‘one of the worst ESG scandals’ in UK history, Leicester MP says November 18, 2020 The discovery of poor working conditions in Boohoo’s Leicester supply chain has been branded “one of the worst environmental, social and corporate governance (ESG) scandals in modern UK history”, by one of the city’s MPs. Liz Kendall, the MP for Leicester West, today again called on Boohoo’s executive chairman Mahmud Kamani and chief executive John [...]
Hospitality: 96,000 firms to close next year without reform to tier system November 18, 2020 The coronavirus pandemic could force around 96,000 hospitality firms out of business next year, industry trade bodies have warned. A survey of British Beer & Pub Association, British Institute of Innkeeping and UK Hospitality members found that 72 per cent of firms expect to become unviable and close in 2021. Firms said the tiering system [...]
The best wine to drink with your lockdown roast November 18, 2020 After a brief Indian summer it looks as though things are on the turn in the UK. A change in temperature and government-enforced house arrest mean we have only one thing to look forward to this weekend: the mega roast. One of the many tragedies of the pandemic has been its impact on some of Britain’s great producers, with many relying on restaurants as their route [...]
Pearson launches new consumer division in bid to harness Netflix model November 18, 2020 Pearson has unveiled a new division that will deliver products directly to consumers as it looks to harness the power of streaming models used by companies such as Netflix. The FTSE 100 education giant said its new direct-to-consumer unit will help to accelerate its shift to digital services and allow it to “meet consumers where [...]
Billionaires buy Bitcoin November 18, 2020 We are seeing an almighty squeeze in the Bitcoin price. There is a tsunami of buying power up against reluctant sellers. These buyers are putting real money behind Bitcoin, not the old dribs and drabs normally seen from retail investors. The world’s billionaires are scrambling aboard and the numbers prove it. In 2017, there was [...]
Dom’s next job could be in cyber — he just needs the right retraining opportunities November 18, 2020 Dominic Cummings, like many other Brits this year, is considering his next career move. While someone of his stature might have many doors open, a route to a new career is not as clear-cut for most people in the middle of their working lives. A key pledge from the government is to provide long-term support [...]
Regulator issues warning on fintech Lanistar for unauthorised services November 18, 2020 Update: 9:07pm Friday 20/11: The FCA have withdrawn their warning after changes by Lanistar. The Financial Conduct Authority has accused the much-hyped fintech Lanistar of offering unauthorised financial services. Founded by Gurhan Kiziloz, Lanistar this week launched an influencer campaign claiming to be the “world’s most secure card”. But the regulator today has warned that [...]
Norwegian Air files for bankruptcy protection to save fleet in a bid to survive November 18, 2020 Norwegian Air files for bankruptcy protection to save fleet in a bid to survive
