Sadiq Khan: TfL settlement is not the deal we wanted June 1, 2021 London Mayor Sadiq Khan has hit out at the emergency funding package signed off today by Government and TfL to keep the capital running. The deal includes a raft of cuts across Transport for London’s operations and does not go as far as many hoped in providing a long-term settlement for the capital’s transport network. [...]
Europe shrugs off third wave fears with Germany’s bullish job market June 1, 2021 As Europe gears up towards recovery, German unemployment dropped more than expected in May as companies bolstered their workforces ahead of pent-up demand, data showed today. Falling Covid-19 infections and the easing of lockdown restrictions have revealed surprisingly sturdy job market data – with pent-up demand fuelling a consumer-driven recovery this summer. The number of [...]
Headhunting firm nabs Battersea space in vote of confidence for the office June 1, 2021 Perrett Laver has signed a 10-year lease on space at One Embassy Gardens in Battersea, in a vote of confidence for the office. The headhunting firm will take half of the ninth floor at One Embassy Gardens, covering some 5,800 sq ft. The company is moving from offices in Westminster, and will join tenants Penguin [...]
UK manufacturing expansion hits record high in May June 1, 2021 Manufacturing activity expanded at an unprecedented rate in May according to the closely watched IHS Markit/CIPS Purchasing Managers’ Index. The sector saw an index reading of 65.6 in May, a record high for the month-on-month measure. That topped April’s 60.9 and July 1994’s 61.0, the previous peak. An index reading of 50 indicates no change [...]
Domino’s to hire 5,000 new workers as staff return to old roles June 1, 2021 Domino’s is planning to hire 5,000 cooks and delivery drivers as staff who joined during the pandemic return to previous roles. The takeaway chain told the BBC it had hired thousands of employees over the last year to keep up with demand. These included hairdressers, taxi drivers and event managers who were unable to carry [...]
Biffa swings to loss but remains upbeat on recovery after acquisition spree June 1, 2021 Biffa today said it had swung to an annual pre-tax loss of £52.8m after a year of exceptional charges. The waste management firm’s loss compared with a profit of £56.4m a year before, but the company is “strongly positioned” for a post-Covid recovery. Biffa has been on an acquisition spree in recent months, having confirmed [...]
World Health Organisation renames India variant to Delta variant June 1, 2021 The World Health Organisation has renamed the Indian variant, also known as B.1.617.2, as the Delta variant, which is now the most dominant strain of coronavirus in the UK today. The international health watchdog has begun using a new system for naming emerging variants — the mutated varieties of the virus that have fuelled hotspots [...]
Annual house price growth hits highest level for seven years in May June 1, 2021 Annual house price growth rose to 10.9 per cent in May, the highest level in nearly seven years. Prices shot up 1.8 per cent month-on-month, following a 2.3 per cent rise in April, according to new Nationwide data. The new record average house price is £243k, up by almost £24k over the past twelve months. [...]
Defining the skills gap with Avado’s Beyond Skills report June 1, 2021 Last month, we launched our Beyond Skills report. We surveyed more than 1,000 executives and senior leaders across several sectors to assess the growing capability chasm. We found that more than 3/5 of business leaders agree that the events of 2020 have widened the skills gaps in their businesses. We also found that, across the [...]
Why the Covid Recovery Commission is right to put focus on skills June 1, 2021 The need to invest in the skills of the future is among one of the five areas of focus in a recently published report by the Covid Recovery Commission. The commission is an advisory group and policy panel studying the impact of the Covid-19 crisis on businesses and innovation. Its ‘Building Back Together’ report, which [...]
