Contact tracing is a legal minefield for businesses July 17, 2020 In the age of Big Data, where the always-on digital assistant and ever more intrusive geo-tracking technology reign, it is perhaps inevitable that our efforts to control Covid-19 seem to depend on developing technology to monitor individuals’ movements. Every wave of innovation that has birthed these technologies has brought with it fresh regulatory concern. The [...]
Experience you can count on: Older workers are an untapped pool of business talent July 17, 2020 Businesses of all sizes across the UK are grappling with how to emerge from the Covid lockdown, re-engage with their customers and suppliers, and — for many in more adversely impacted sectors — sadly how to make parts of their workforce redundant. Job cuts have obviously been a major concern, as evidenced by the chancellor’s [...]
Real estate investment firm Castleforge Partners closes third fund at over £270m July 17, 2020 London-based real estate investment firm Castleforge Partners has today announced the close of its third commercial fund at over £270m. Castleforge Partners III exceeded its predecessor by 15 per cent, even in the face of looming Brexit uncertainty and the global coronavirus pandemic. The investment fund received support from existing investors, with around 60 per [...]
Coronavirus: Boris Johnson to announce £3bn for NHS in second peak preparation July 16, 2020 Boris Johnson will announce more than £3bn in extra winter NHS funding tomorrow to prepare hospitals for a potential second peak of coronavirus. The Prime Minister will make the announcement at a press conference tomorrow, along with the news that the government will publish another chapter of its “roadmap” to exiting the Covid-19 lockdown. He [...]
The City View: Jay Hambro on green manufacturing July 16, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by Jay Hambro, Chief Investment Officer at GFG Alliance. They talk about green manufacturing, the opportunity for building back better and the need for government to invest in manufacturing. Andy also looks at the latest unemployment numbers, Bank Chief Andrew Bailey’s call for a [...]
Leicester lockdown to be eased on 24 July July 16, 2020 Leicester’s local lockdown will be eased on 24 July, after a drop in its coronavirus infection rate. Schools, early years child care and some non-essential retail shops will be allowed to reopen next week, but restaurants and pubs will remain closed. Restrictions on travel and meeting more than six people will also remain in place. [...]
Centrica staff may have to sign new contracts or risk more redundancies July 16, 2020 Workers at British Gas owner Centrica have been told they may have to accept new employment conditions or risk having their jobs cut. It was reported that the services firm has told employees to sign new contracts or risk a second wave of redundancies. Last month Centrica announced that it would slash 5,000 jobs in [...]
66 more people die of coronavirus in the UK July 16, 2020 An additional 66 people have died of coronavirus in the UK, government officials confirmed, taking the total number of fatalities to 45,119. According to figures from the Department of Health, there have also been 642 new positive cases of the virus. That means 292,552 people have now tested positive for coronavirus in the UK. The new [...]
Sir Patrick Vallance: UK coronavirus response has not achieved a good outcome July 16, 2020 The UK’s response to the coronavirus pandemic has not achieved a good outcome, according to chief scientific adviser Sir Patrick Vallance. Vallance told a parliamentary committee today that he thinks about why the UK has had so many deaths “a lot”, but added that the reason could be down to many factors. Vallance also said [...]
Morgan Stanley reports record revenues after surge in trading July 16, 2020 Morgan Stanley today revealed quarterly earnings had beaten analysts’ expectations, even as coronavirus ravaged the US economy. The Wall Street bank’s record profit was boosted by strong trading revenues which jumped nearly 70 per cent. The figures: Morgan Stanley reported net revenues of $13.4bn (£10.64bn) for the second quarter, compared with $10.2bn (£8.1bn) a year [...]
