So we’re going back to the office – now we need to fix childcare July 14, 2021 As July 19th draws nearer, so too does the end of the official guidance to work from home if you can. The predicted move back to offices (for a few days a week at least) is much anticipated by central London’s shops and restaurants, desperate for footfall to increase. But for London’s working parents it [...]
John Lewis and Waitrose to cut 1000 jobs July 14, 2021 John Lewis Partnership, the parent company of the two high street giants, has confirmed plans to cut around 1000 management roles in stores. In a move that echoes rival retailers’ attempts to weather the pandemic, the company said the 1000 role redundancies were an attempt to simplify store management structures. A John Lewis Partnership spokesperson [...]
Proposed designs for Waterloo Windrush monument revealed July 14, 2021 Four artists today unveiled their proposed designs for the national Windrush monument that will be permanently installed in London’s Waterloo Station. Artists Basil Watson, Jeannette Ehlers, Thomas J Price and Valda Jackson revealed their designs in videos where they discussed their approach. Watson is a sculptor and painter who has designed public sculptures and monuments [...]
BlackRock smashes profit estimates as assets reach almost $10 trillion July 14, 2021 Blackrock has reported a 14 per cent rise in quarterly profit and a record $9.5tn in assets under management, signalling increased investor confidence in a post-pandemic economic recovery. The asset management giant posted a second quarter profit of $1.378bn (£994m) or $8.92 per share, up from $1.214bn and $7.85 per share a year earlier. Its [...]
World’s first Islamic international digital bank to launch in UK July 14, 2021 The world’s first Islamic international digital bank will be launched in the UK, Boubyan Bank Group announced today. Nomo, part of the Boubyan Bank Group, will offer bank accounts and financial management services for clients in Kuwait and the Middle East region. Read more: Watchdog warns Monzo and NatWest over banking transaction history breaches Nomo [...]
PureGym mulling IPO as gym usage rebounds July 14, 2021 PureGym is considering reviving its plans for an initial public offering, as gyms across the UK rebound. In an update to bondholders earlier today, seen by City A.M., the no-frills gym chain said it was comparing its options for raising equity including, potentially, in the public markets. It is understood that the fitness chain is still [...]
US issues warning over doing business in China’s Xinjiang province July 14, 2021 The US has issued a warning to companies doing business in China’s Xinjiang province. The Xinjiang Supply Chain Business Advisory said that businesses and firms who still have supply chains and investment ties in the Chinese region ‘could run a high risk of violating US law.’ Washington cited evidence of genocide and other human rights [...]
Lufthansa aiming for 60-70 per cent passenger capacity by the end of the year July 14, 2021 Lufthansa, the German airline giant, has said that it is aiming for around 60-70 per cent of pre-pandemic passenger numbers by the end of the year. It is currently operating at around 40 per cent of pre-pandemic levels. Jens Fehlinger, a manager at Lufthansa, suggested that things are beginning to look up for the airline [...]
Johnson confirms football banning orders to be given to online racial abusers July 14, 2021 People who racially abuse footballers online will be banned from attending matches, Boris Johnson has confirmed. The Prime Minister also said social media firms that do not get racism off their platforms will face fines amounting to 10 per cent of their global revenues as a part of the future Online Harms Bill. Three black [...]
Questions pile up for Gupta after ‘deeply discourteous’ inquiry snub July 14, 2021 MPs on the parliamentary business committee have written to steel tycoon Sanjeev Gupta criticising his “deeply discourteous” decision not to appear before an enquiry into embattled Liberty Steel. They also questioned the “unusual extent to which you personally control the finances of Liberty Steeland its associated companies”. Gupta is the chief executive and chairman of [...]
