Bitcoin tipped to hit $100,000 this year March 24, 2021 Bookmakers have shortened the odds on Bitcoin breaking $100,000 before the end of 2021.
Manpower CEO: Remote working isn’t unsustainable but it’s certainly not desirable March 24, 2021 Reports on the death of office working have been exaggerated, according to Manpower CEO Jonas Prising. However, so too has the backlash against remote working exemplified by the bosses of Barclays and Goldman Sachs (who labelled the work-from-home era an abheration). So, one year on from the Prime Minister’s orders to “work from home if [...]
Shares in IT firm Softcat jump as pandemic drives up profit March 24, 2021 Shares in IT firm Softcat fizzed in morning trading after after the pandemic helped drive strong growth in both revenue and profit for the second half of the year. The FTSE 250 firm reported revenue of £577m in the six months to the end of January — up 10 per cent on the same period [...]
What’s the latest for Brits’ summer holiday hopes? March 24, 2021 With the UK’s vaccination programme continuing apace, sun-starved Brits are getting more and more excited about the prospect of getting out of the country this summer. But in recent days the government has attempted to pour cold water on travel hopes, with multiple ministers warning it is “too early” to book holidays abroad. They are [...]
Ministers mull making home and flexible working a legal right March 24, 2021 The government is said to be weighing up an expansion of employees’ rights to work flexible hours or from home after a shift in habits during the coronavirus pandemic. A public consultation is set to be launched later this year on how the flexible approach to office life could be extended so that Brits can [...]
Shakespeare: Will abnormal Deliveroo success carry into the new normal? March 24, 2021 Deliveroo became a staple of the quick service food delivery industry after the company began operating in the UK in 2013, swiftly became a household name. According to YouGov Profiles data, 84% of Britons are aware of the brand and 10 per cent have ordered from the app in the past three months. Since the [...]
City Moves: Who is switching jobs in the Square Mile this week? March 24, 2021 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. BDBF lands former Slater & Gordon’s head Employment law firm BDBF has hired former national head of employment at Slater & Gordon’s as its new equity partner. Most recently a partner at employment [...]
Watchdog encourages City workers to snitch on financial services wrongdoing March 24, 2021 The City watchdog has today launched a campaign to get people working in financial services to get in touch about potential wrongdoing they see in their day-to-day lives. The Financial Conduct Authority (FCA) said those who whistleblow will have a dedicated case manager, can meet with the FCA to discuss their concerns, and will receive [...]
City A.M. TV: Daily Market Snapshot (video) March 24, 2021 The rotation out of the recent winners (especially the ‘reflation trades’) continued yesterday. In particular, the oil price was sharply lower (-6%); bond yields continued to ease, with the US 10 year yield off again (by 6bps); and the Russell 2000 was notably weak (-3.6%, i.e. given its ‘reflation’ and energy exposure). On this occasion, [...]
UK signs post-Brexit investment partnership deal with UAE March 24, 2021 The UK has signed an investment deal with the United Arab Emirates (UAE), which will see the gulf nation spend an initial £800m in British life sciences. The UK government will also contribute £200m to life sciences in the deal, bringing the total value of the initial investment to £1bn. The partnership will include similar [...]
