Tech industry experts warn of “perfect storm” for job shortages September 6, 2021 New data shows that the tech industry has been hit hard by staff shortages, with the deficit approaching 70,000. Between August 23 and 29 there were 1.66m active job openings in the UK with 68,929 adverts for programmers and software development professionals. According to the REC, August saw the highest figures for weekly job adverts [...]
Bezos invests in start up seeking to reverse the ageing process September 6, 2021 Amazon-founder Jeff Bezos has reportedly become the latest ultra rich tech entrepreneur to invest in life-extending technology. Jeff Bezos, worth some $200bn (£145bn), and Yuri Milner, a Russian-born billionaire who made his fortune through Facebook, are backers of Altos Labs according to The MIT Technology Review. Altos is pursuing cell reprogramming, a method of rejuvenating [...]
UK popularity among international students is at risk, says study September 6, 2021 A new report has revealed that the UK’s popularity as a destination of choice for international students is waning compared to its competitors. While the UK held onto its position as the second most popular destination in the world for international students between 2010 and 2018, it almost lost its position to rising competitors Australia [...]
Petition calling on John Lewis to pay Real Living Wage signed by 30,000 September 6, 2021 A petition calling on the John Lewis Partnership to pay disgruntled staff the Real Living Wage has amassed almost 30,000 signatures. According the the petition a fifth of workers are paid under the real living wage, priced at £9.50 per hour across the UK and £10.85 in London despite the company being employee owned. The [...]
Lloyds sued by customers sold mortgages linked to house prices September 6, 2021 Lloyds Banking Group is being sued by 150 homeowners who were sold mortgages tied to house price appreciation. The case has been brought against the Bank of Scotland, now part of Lloyds, in the High Court. It pertains to shared appreciation mortgages which were sold to thousands of customers in the late 1990s, the product [...]
Goldman to list Petershill Partners on the London Stock Exchange September 6, 2021 Petershill Partners has announced plans for an Initial Public Offering on the London Stock Exchange with an expected valuation above $5bn (£3.6bn), according to industry sources. Petershill, an investment group which specialises in buying stakes in alternative asset managers, was created by Goldman Sachs in 2007. Petershill Partners will launch as a standalone company, offering [...]
HgCapital reports strong interim results with net assets up £349m September 6, 2021 HgCapital Trust has reported robust results for the first half of 2021, with the fund’s total net assets growing to £1.64bn. The fund, which gives investors exposure to private equity firm HgCapital’s portfolio, grew by £349m over the six months ending on June 30. Investors were treated to an interim dividend payment of 2.0p per [...]
Naked protest: XR blocks roads after stripping off in HSBC and Barclays September 3, 2021 Extinction Rebellion protestors are blocking roads next to London wall after they stripped off clothing at HSBC and Barclays bank branches as part of demonstrations targeting the City of London. City of London police confirmed the demonstrators are sitting in the road near London Wall at the junction on Circus Place with officers attending the [...]
A fifth of night time venues reduce opening hours amid staff shortages September 3, 2021 The majority of night time venues are facing security staff shortages with 20 per cent planning to close or reduce opening hours as a result. Data from the Night Time Industries Association revealed that a lack of resources is creating a “desperate situation” for businesses, some of which are not allowed to be open unless [...]
Doctors for XR forcibly removed from JP Morgan building September 3, 2021 Doctors who staged a ‘die in’ outside the JP Morgan building as part of ongoing Extinction Rebellion protests have been forcibly removed by police. This morning more than 60 doctors, nurses and midwives arrived outside the JP Morgan offices in Canary Wharf to demand an end to fossil fuel financing by banks. Protestors held banners [...]
