City Moves: Who’s switching jobs in the Square Mile this week? July 7, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex-abrdn CEO appointed chair university board The former CEO of Standard Life Aberdeen, now known as abrdn, has been appointed chair of the University of Sussex Business School’s advisory board. [...]
Kwarteng: Businesses “can’t have it both ways” with self-isolation rules July 7, 2021 Business secretary Kwasi Kwarteng has defended the government’s decision to keep self-isolation rules while other restrictions are dropped from 19 July. It comes after Conservative MPs and business leaders – especially in the hospitality industry – slammed the decision for the effect it would have on staff operating capacity. Kwarteng told Sky News: “You can’t [...]
Recruitment boss: Remote working set to hold back younger workers July 7, 2021 Extended periods of remote working are “not healthy” for younger staff as they cannot learn from peers, recruiting boss Robert Walters reckons. Speaking to City A.M., Walters said that “you cannot learn when you’re not next to someone, ideally your boss,” echoing concerns heard across the Square Mile about the dangers of long-term remote work. [...]
Ethereum upgrade incoming, but crypto markets continue sideways July 7, 2021 The crypto markets continue to drift sideways, with Bitcoin again failing to break past $35k but holding strong at $33k.
Ocado deploys lorry drivers to help with national shortage as more names ask government for help July 7, 2021 Ocado has had to deploy some of its own lorry drivers to help its suppliers get stock to its warehouses amid a national shortage of lorry drivers. CEO Tim Steiner told trade magazine The Grocer that Ocado itself was handling the ongoing driver shortage well, but that some of its suppliers were struggling. “We are [...]
EU expects to generate €10bn from new carbon levy July 7, 2021 The EU expects to generate nearly €10bn a year from a new carbon levy on imports as part of its push to tackle climate change. Brussels intends to use the funds to pay down the billions of euros the EU collectively borrowed through its Covid recovery scheme. The tariff, called the Carbon Border Adjustment Mechanism, [...]
Haiti President Jovenel Moise assassinated July 7, 2021 The President of Haiti Jovenel Moise has been assassinated at his residence overnight. Moise’s wife was also wounded in the attack and is currently being treated in hospital. In a statement released this morning, Haiti’s interim prime minister Claude Joseph said: “A group of individuals who have not been identified, some of whom were speaking [...]
On the Beach raises £26m to bolster ‘firepower’ ahead of end to quarantine July 7, 2021 Holiday firm On the Beach has today raised £26m through a share placing, giving it more “firepower” with which to tackle the continued challenges of the pandemic for travel. The company sold 7.8m new shares at a price of 330p, a discount of around 5.0 per cent on yesterday’s 347.5p closing price. A number of [...]
Covid 19: Kilkeel seafood factory closes due to outbreak July 7, 2021 Kilkeel Seafoods in County Down has temporarily shut down as a result of a Coronavirus outbreak. The factory closed last Thursday following 42 confirmed positive cases. The tests were taken as a preventive measure as a small number of staff began to test positive last week. The factory employs 250 people. Management stressed it had [...]
Page Group shares rise as labour market improves and recruiter predicts £135m profit July 7, 2021 Page Group shares rise as labour market improves and recruiter predicts £135m profit
