Charity sector to suffer 60,000 job losses due to coronavirus August 19, 2020 The charity sector has lost more than 25,000 jobs since the coronavirus pandemic began and a further 35,000 could go, according to new data. Analysis of a survey of 455 charities has revealed that there are an estimated five times as many redundancies as the official 5,400 that have been announced. The research from Pro Bono [...]
Hugo Boss will only ask staff to work in the office three days a week even after Covid-19 August 19, 2020 Hugo Boss will allow staff the option of remote working every Monday and Friday, even after the coronavirus pandemic has abated. The German fashion house announced today that it will only require the majority of its staff to come into the office from Tuesday to Thursday, with the option of working from home on Monday [...]
Why City PR firm Cicero is getting back to the office August 19, 2020 As offices around central London prepare to welcome some staff back to work, the need for employers to instil confidence in their coronavirus safety measures is paramount. At City lobbyist firm Cicero, over 80 per cent of employees have already been back to the office at some point since lockdown restrictions began to ease in [...]
Pizza Express to cut up to 1,100 jobs after enforced store closures August 18, 2020 Pizza Express has unveiled plans to close 73 of its restaurants in a move that places 1,100 jobs at risk. The dining chain confirmed on Tuesday that it had finalised a proposal to reduce its restaurant and rental costs via a company voluntary arrangement (CVA). The company, which has around 470 sites throughout the UK, [...]
Ireland to tighten coronavirus rules after spike in cases August 18, 2020 Ireland will “significantly” tighten Covid-19 rules following a spike in confirmed coronavirus cases over the past two weeks. It comes after the country’s health minister Stephen Donnelly confirmed there had been 190 new cases today. Ireland previously held one of the lowest infection rates in Europe, but its 14-day rolling average has risen from four [...]
SpaceX receives $2bn boost in latest funding round August 18, 2020 Elon Musk’s SpaceX has raised a further $1.9bn (£1.4bn) in funding, a regulatory filing on Tuesday revealed. It raises the equity value of the billionaire’s private rocket company to $46bn, Bloomberg reported ahead of the funding round last week. It is the largest single fundraising round conducted by SpaceX yet, according to PitchBook data. It [...]
Eat Out to Help Out scheme serves up 35m meals in first two weeks August 18, 2020 More than 35m meals have already been claimed on the Eat Out to Help Out scheme, according to the Treasury. Restaurants, pubs and cafes have so far submitted more than 35m claims to the government for meals that have been discounted under the programme. The scheme gives diners 50 per cent off up to £10 [...]
Purplebricks fined £260,000 for breach of money-laundering rules August 18, 2020 Online estate agency Purplebricks has been fined more than £260,000 by HM Revenue & Customs for violating money-laundering rules. Under UK regulations implemented in 2017, estate agencies are required to ensure customers are not using their business to launder money. The legislation says estate agencies are responsible for carrying out financial checks on their clients [...]
JPMorgan appoints former Chancellor Sajid Javid to advisory role August 17, 2020 JPMorgan has hired former Chancellor Sajid Javid as a senior adviser, the bank announced on Monday. Javid will take up a role on the Wall Street giant’s advisory council for Europe, the Middle East and Africa (EMEA). It’s a move that sees him resume his career in investment banking. He quit his role at the [...]
Downing Street confident of striking UK-EU trade deal next month August 17, 2020 The UK is still on course to deliver an EU trade deal next month, according to Downing Street. Negotiations are set to enter their seventh round on Tuesday when UK negotiators travel to Brussels. The Prime Minister’s spokesman has said they would “continue to plug the gaps”. A number of issues remain unresolved, including those [...]
