Recession concerns vie with inflation risk for investors in unpredictable market week ahead May 23, 2022 It was aother week of declines for US markets on Friday, with the S&P500 closing lower for the seventh week in succession, making a fresh 18 month low, and briefly retracing 50 per cent of the move from its 2020 lows to its record highs late last year. The Nasdaq 100 similarly pulled off new [...]
Weekend exclusive: Kill off the CV to safeguard London’s workforce, argues recruitment guru May 22, 2022 Despite the Levelling Up agenda from the government, London remains the economic hub of the country. Home to the UK’s finance, legal, technology, and creative industries to name a few, it is the barometer for the activity, attitudes, and aspirations for UK plc. While City A.M. reported extensively on the risk of finance jobs leaving the City [...]
Concerns grow worldwide as rare Monkeypox virus spreads like wildfire: Virologists ‘can not explain’ speed and scale May 22, 2022 Virologists around the world are increasingly sounding the alarm bell over the rapid spread of the rare Monkeypox virus, which is usually found in parts of Western Africa. The confirmed number of cases climbed to 80 over the weekend, in 12 countries around the world, including the UK, Belgium, France, Netherlands and Australia. The well-respected [...]
Homeworking on the rise as growing number of employers introduce hybrid models for staff May 22, 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 [...]
Weekend exclusive: Despite record fine of £160m for JPMorgan, City managers still have WhatsApp ‘blind spot’ May 22, 2022 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 [...]
Dream on: Millennials want regular nap breaks and pets at work as part of the new office reality May 22, 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 [...]
Saturday Special: Why the London Stock Exchange and Euronext are moving their datacentres around May 21, 2022 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 May 21, 2022 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, [...]
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 [...]
