Olympics: Team GB sailors win double gold as Norway’s Karsten Warholm creates history in the 400m hurdles August 3, 2021 Great Britain’s sailors won two gold medals in quick succession this morning, on day 11 of the Tokyo 2020 Olympics. After a delay to proceedings yesterday owing to no wind, Dylan Fletcher and Stuart Bithell claimed gold in the men’s 49er event. Shortly afterwards Giles Scott retained his men’s Finn title. But the performance of [...]
Rishi Sunak: For young people, working from home is no substitute for office August 3, 2021 Rishi Sunak has said that working from home is not nearly as “valuable” for young people’s career progression as going into the office, after the government changed its guidance. “The mentors I found when I first started my job I still talk to and they have been helpful to me even after we have gone [...]
BMW raises 2021 profit forecast, but warns chip shortage will hit second half August 3, 2021 BMW has raised its profit forecast for 2021 today announcing strong quarterly results while warning investors about the impact of the global semiconductor chip shortage on the carmaker. The company saw “strong customer demand during the first half of the year,” according to a statement by chief executive Oliver Zipse. “However,” he continued, “in light of [...]
The pandemic has the power to set back gender equality and care burdens – we mustn’t let it August 3, 2021 Britain has been at the forefront of empowering women economically and combating gender inequality, but the uneven impact of the pandemic has thrown much of this progress into jeopardy. Research on the economic fallout has found that the pandemic-driven recession may be driving the first “she-cession” where women’s economic prosperity, relative to men’s, has slid [...]
Domino’s profits rocket as ‘Freedom Day’ ushers in more consumer cash August 3, 2021 Domino’s has seen its sales and profits rocket in the past six months, as the end of restrictions in the UK ushered in greater consumer spending power. The pizza group’s profits after tax pulled in £41.3m in the six months to 27 June, surging 117.4 per cent from its just £19m profit in 2020. Sales [...]
Boris Johnson ‘kills amber watch list travel plan’ August 2, 2021 Boris Johnson has quashed the idea of instating a new “amber watch list” for foreign travel after fears of the devastating impact it could have on people’s summer holiday plans. According to multiple reports this evening the Prime Minister has elected to bin the proposal, which triggered outrage on the Tory backbenches. The reports came [...]
London Stock Exchange traders hit by third Refinitiv outage today August 2, 2021 London Stock Exchange’s Refinitiv news and data platform Eikon experienced an outage of several hours today, the company said, its third such glitch this year. The company reported similar issues in April and June. An LSEG customer support representative said the issue which started mid-afternoon had mostly affected users in Asia and the Europe, Middle [...]
Credit Suisse mulls hiking junior staff salaries to $100,000 August 2, 2021 Credit Suisse has reportedly become the latest banking giant to hike junior staff salaries to $100,000 amid growing competition for fresh talent. According to Financial News, the lender will pay first year analysts $100,000 a year, with salaries to rise to $105,000 and $110,000 over the next two years. City A.M. understands that the hike, [...]
London businesses optimistic about tourism recovery after travel rule changes August 2, 2021 Hospitality bosses in the capital have welcomed a change in international travel rules as London looks to restore its tourism economy. Those fully vaccinated in the US or European Union no longer have to isolate on arrival in the UK from an amber list country, as of changes brought in this morning. Travellers are still [...]
Rishi Sunak renews call for City workers to get back to the office August 2, 2021 Rishi Sunak has renewed calls for young City workers to get back to the office now the government’s work from home order has been dropped. The chancellor recalled how his career as a young investment banker was helped by making relationships in the office with older colleagues. Speaking about a recent visit to Scotland where [...]
