Santander reviews dividend and slashes executive pay amid coronavirus crisis March 24, 2020 Santander has postponed its interim dividend and slashed pay for senior management due to the coronavirus pandemic, with chair and chief executive of the Spanish bank donating half their pay to a medical equipment fund. The eurozone’s largest lender usually pays out an interim dividend in November, but will now consolidate the payment with the [...]
Mulberry warns it will swing to a loss as coronavirus hits handbags March 24, 2020 Luxury fashion brand Mulberry has become the latest brand to warn on the impact of the coronavirus on trading, as it anticipates losses in the second half of the year. The brand said it would suspend payouts to shareholders as recent trading in its stores, particularly in the UK, had been severely impacted by the [...]
Global stocks set to rise sharply on Fed’s bond-buying pledge March 24, 2020 Global stocks rose overnight despite fears US President Donald Trump’s administration’s economic stimulus package faces further delays. Asian stocks surged in Tuesday trading that saw Japan’s Nikkei leap seven per cent higher and Hong Kong’s Hang Seng index jump 4.6 per cent. That came despite the Senate again blocking Trump’s near $2 trillion (£1.7 trillion) [...]
UK coronavirus lockdown: Sports Direct asks if staff count as key workers March 24, 2020 Mike Ashley’s Sports Direct and Evans Cycles stores will now remain closed unless the government gives them permission to stay open during the UK coronavirus lockdown. Bosses earlier claimed the stores are vital to the health of the nation, giving staff so-called key worker status. Under new measures announced by Prime Minister Boris Johnson last [...]
The City will guide the way for economic recovery March 24, 2020 The latest assessment of leading economic organisations is stark – and grim. The head of the OECD, Angel Gurria, warned yesterday that the economic fallout from the coronavirus pandemic will result in a deeper and more complex hit to the world economy than the 2008 financial crisis. He echoed the head of the IMF, Kristalina [...]
London number one for green finance quality March 24, 2020 London has maintained its world-leading position in green finance quality as Europe continues to lead the way on eco-friendly financial products, according to the latest Z/Yen index. The UK capital came first on the list for “quality” of green finance and sixth for “depth”, putting it third on the index as a whole. Amsterdam came [...]
Debate: Does the home-working trend caused by coronavirus herald the death of the office? March 24, 2020 As the world gets used to home-working, City A.M. asks whether this means the end for traditional office spaces. Yes – Andrew Johnson, managing director at PowWowNow With millions of people having to work from home worldwide, the future of the office as we know it will be transformed. Companies will have the technology, policies [...]
London must unite to beat coronavirus, for the sake of our city and our NHS March 24, 2020 In coronavirus, London is facing an unprecedented challenge. The actions we take today will decide who lives and dies, and whether our National Health Service will survive. Unless every single Londoner follows the government’s advice, we face losing thousands of our family, friends, and colleagues to this virus. This may be a global crisis, but [...]
Contactless spending limit increased in response to coronavirus March 24, 2020 The spending limit for contactless card payments will be increased next month in response to the coronavirus outbreak. Shoppers will be able to spend £45 using contactless payments, up from £30, from 1 April. The measure was already being considered by the industry but its introduction has been brought forward due to the coronavirus pandemic [...]
Listen up: Six ways to use your voice more effectively in the workplace March 24, 2020 A voice that is easy to listen to makes a talk so much more enjoyable, but it may not be obvious how to achieve that. Surely we just speak the way we speak? Not so — there are simple techniques that can help enhance how you speak and increase your impact. If your voice is [...]
