Deutsche Bank to change work-from-home policies permanently in bid to reduce office costs September 25, 2020 Deutsche Bank is set to make flexible working policies permanent to allow staff to work from home on a set number of days per week. Like other lenders, Deutsche Bank has discovered during the pandemic that reducing office space could be a viable way to lower costs. Chief executive officer Christian Sewing said the board [...]
Easyjet avoids compulsory redundancies as pilots opt for part-time work September 25, 2020 Easyjet has avoided making any compulsory redundancies to its pilots despite plans earlier this summer to cut up to a third of jobs. The airline has been engaged in consultation with the British Airline Pilot Association (Balpa) since the coronavirus pandemic hit the UK in March regarding job cuts. Despite rejecting several proposals, a breakthrough [...]
Shaftesbury collects less than half of owed rent since pandemic began September 25, 2020 The real estate investment trust, Shaftesbury, has collected just 41 per cent of rent in the six months ending 30 September, it said. Shaftesbury, which owns a 16-acre property portfolio in the heart of London’s West End, has also decided not to declare a final dividend for the year ending 30 September 2020 as a result. It said it [...]
Boohoo’s share price jumps as independent review absolves firm of deliberately allowing poor working conditions September 25, 2020 Boohoo’s share price rose by more than 13 per cent in early morning trading after an independent review absolved the fast fashioner retailer of allegations that it deliberately allowed poor working conditions and low pay at its suppliers. The review was conducted by Alison Levitt QC following the “sweatshop” scandal, which highlighted poor working practices at [...]
Next boss warns thousands of retail jobs set to become ‘unviable’ September 25, 2020 The boss of fashion retailer Next has warned that hundreds of thousands of retail jobs could become “unviable” due to a more permanent shift to online shopping caused by coronavirus. Lord Wolfson, who heads up the British high street chain, said there were tough times ahead for the sector, following the Chancellor’s announcement of the [...]
Coronavirus: Johnson faces calls for urgent action and COBRA meeting as cases rise September 19, 2020 Prime Minister Boris Johnson has come under pressure to take “decisive action” in the battle against coronavirus as cases rise. Scottish First Minister Nicola Sturgeon has demanded a COBRA meeting within the next 48 hours and echoed the sentiments of London mayor Sadiq Khan regarding the need to learn from March’s mistakes and implement restrictions [...]
Trump predicts Covid-19 vaccine to be available to every American by April September 19, 2020 US President Donald Trump has said he expects a vaccine for coronavirus to be available for every American by April. Speaking at a news conference on Friday, Trump told reporters he was optimistic of the vaccine being available in just seven months time and that it would be distributed within 24 hours of federal approval. [...]
HMRC to receive powers to enforce disclosure of assets September 19, 2020 HM Revenue & Customs (HMRC) will be given new powers that will allow it to force financial institutions to provide information about people’s assets. The firms will be required to pass on customer information if served with a “financial institution notice” by HMRC under new measures proposed in the next finance bill. It will mean [...]
US Supreme Court judge Ruth Bader Ginsburg dies of cancer aged 87 September 19, 2020 US Supreme Court Justice Ruth Bader Ginsburg died of cancer at the age of 87, the court has said. Ginsburg passed away at her home in Washington on Friday, surrounded by her family, following a battle with metastatic pancreatic cancer, the statement said. She was the oldest justice and just second woman to ever sit [...]
Just 6 per cent of UK population has Covid-19 antibodies, SAGE says September 19, 2020 Only six per cent of the UK’s population has antibodies to Covid-19, minutes from a Scientific Advisory Group for Emergencies (SAGE) meeting earlier this month have revealed. The scientific advisers told the government that just a small proportion of the country had antibodies to coronavirus in the meeting. SAGE also informed officials that there was [...]
