Weekend exclusive: Despite record fine of £160m for JPMorgan, City managers still have WhatsApp ‘blind spot’ Saturday read The majority of financial institutions fail to monitor their employee’s WhatsApp conversations, according to new research shared exclusively with City A.M. today. A new poll of almost 100 City players, including investment banks, brokers, and investment managers, found that just 14 per cent actively carry out effective supervision or surveillance over the world’s most popular [...]
Saturday Special: Why the London Stock Exchange and Euronext are moving their datacentres around weekend read Datacentre exchange colocation is on the mind of many key players in the City and beyond at the moment. The idea appeals to a wide group of capital markets participants, and for various reasons. For example, with Euronext migrating from Basildon in Essex to the Aruba Global datacentre IT3 in Bergamo this year and the London Stock Exchange Group [...]
Brexit beating for British scientists as academics sound alarm over UK exclusion from £95bn Horizon program the week that was The EU has confirmed it will block the UK’s participation in the EU’s £95bn Horizon Europe programme as part of the escalating row over the Northern Ireland protocol. The UK’s association with Horizon Europe was the source of debate in the run up to the Brexit deal and is still being defined following the agreement, [...]
Homeworking on the rise as growing number of employers introduce hybrid models for staff May 21, 2022 The pandemic has sparked a permanent increase in homeworking, with support from employers and staff for changes to working practices, according to a new report. The TUC said many workplaces and workers are still trialling new arrangements for homeworking and hybrid working and negotiating long-term policies. But there is evidence in support of change, with [...]
Dream on: Millennials want regular nap breaks and pets at work as part of the new office reality May 21, 2022 With over a third of UK workers on the brink of burnout, new research shows that half of all millennials want regular naps during their office day as office occupancy reaches its highest level since the start of the pandemic. Moreover, one in 5 millennials want to bring their pets into the office: with many getting used to spending [...]
Ay caramba! UK kicks off negotiations with Mexico for £4bn post-Brexit trade deal May 20, 2022 International Trade Secretary Anne-Marie Trevelyan is set to fire the starting gun on free trade talks between the UK and Mexico during the visit of her Mexican counterpart, Tatiana Clouthier to London this afternoon. Officials said UK negotiators would be looking to go “further and deeper” in terms of integrating ties in a relationship already [...]
Bank of England hints further interest rates are coming soon to bring down highest inflation in four decades May 20, 2022 As the British economy is hit by high levels of inflation, the Bank of England’s chief economist said today interest rates might need to rise further in the near future. Huw Pill said the 9 per cent inflation rate – the highest in 40 years – is a “very uncomfortable situation” for decision-makers at the [...]
UK Rich List 2022: Who have the biggest fortunes among Britain’s 177 billionaires? May 20, 2022 Billionaire brothers Sri and Gopi Hinduja are the wealthiest people in the UK, according to this year’s Sunday Times Rich List. The annual list showed that the pair, who run the Mumbai-based conglomerate Hinduja Group, saw their fortune jump by more than £11 billion. There were a record 177 billionaires in the UK, according to [...]
Enough kids already: Nurseries oppose government plans to increase childcare numbers May 20, 2022 It has been reported that most nurseries and childcare providers in England oppose plans to increase child-to-staff ratios. Children and Families Minister Will Quince said last week the Government was consulting parents and childcare providers on plans to increase ratios, raising the number of two-year-olds one staff member can look after from four to five. [...]
Simply forget any UK-US trade deal if Britain kills off Brexit protocol, warns political heavyweight Nancy Pelosi May 20, 2022 US House speaker Nancy Pelosi has said it is “deeply concerning” the UK Government is seeking to “unilaterally discard the Northern Ireland Protocol”, adding that doing so will result in Congress not supporting a free trade agreement with the UK. The congresswoman said on Twitter: “It is deeply concerning that the United Kingdom now seeks [...]
