Barclays pulls back from Africa with £538m Absa sale September 1, 2022 British lender Barclays announced it had shed its remaining 7.4 per cent stake in South African bank Absa today as it dramatically pulls back its presence in Africa. Bosses at Barclays said this morning the sale would earn Barclays around £538m, representing around a £31m loss on its investment. The sale followed an announcement from [...]
Junior doctors threaten ballot to strike over NHS ‘paltry’ pay August 31, 2022 The summer of discontent is set to widen to junior doctors next month, with the British Medical Association to ballot junior doctors for industrial action. The organisation held an emergency meeting this week, with its co-chairs writing to the secretary of state for health and social care, Steve Barclay, expressing their concerns about pay. The [...]
Yorkshire Building Society snaps up Susan Allen from Barclays to be new CEO August 30, 2022 Yorkshire Building Society has appointed Susan Allen as its new Chief Executive, poaching her from Barclays.
UK government to launch overseas hiring spree to fill Brexit care sector labour shortages August 19, 2022 The UK government is seeking to hire thousands of overseas workers to fill 160,000 vacancies in the UK’s care sector. The Department for Health and Social Care (DHSC) is exploring ways to make it easier for workers form countries including India and the Philippines to work in the UK’s social care sector, The Times reported. [...]
Victims of infected blood scandal to be given £400m by October August 17, 2022 The government will pay out £400m by October to thousands of people impacted by the so-called ‘infected blood scandal’ Up to 4,000 people will receive payments of £100,000 after contracting HIV and hepatitis C as a result of being given products imported from the US. Many were given infected blood as children in the form [...]
City Moves: Who’s switching jobs in the Square Mile? August 17, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Royal Park Partners Fintech financial advisory firm Royal Park Partners has built out its leadership team with an ex-Barclays dealmaker. Joining as a senior director, Niccolò Gamaleri will help support fintech founders and private equity-backed companies through [...]
Brits in EU slide into Brexit banking limbo as some UK banks shut their accounts August 15, 2022 Thousands of Brits residing in the EU have been informed by UK banks that their EU-based bank accounts will soon be shut. A range of British banks, including Barclays, have told UK citizens living in the EU that they will no longer be able to have and use their account in member states, primarily in [...]
Graduate salaries climb at fastest rate in decades despite inflationary pressures August 14, 2022 Graduate pay packets have climbed at the highest rate in decades, despite employers feeling the inflationary pinch. According to a report from the Institute of Student Employers (ISE), graduate salaries were up seven per cent on average in the past year— the sharpest rise in 20 years. On average, graduate salaries have risen two per [...]
Hargreaves Lansdown shares jump after profits beat gloomy estimates August 8, 2022 Shares in Hargreaves Lansdown surged nearly 10 per cent today after the retail investment platform beat analyst estimates last week with pre-tax profits of £269.2m.
UK drafting plans to ‘significantly’ boost overseas recruits in NHS August 8, 2022 The UK government is drafting plans to “significantly” boost the number of overseas staff in the NHS to avert a winter crisis, according to the health secretary today. In a bid to combat worsening delays in the NHS, health secretary Steve Barclay told the Telegraph: “I have been working at pace over recent weeks to [...]