Older workers planning to work from home permanently are selfishly risking the development of young people June 23, 2021 My Twitter timeline has been overrun with people arguing about whether they are for or against a return to the office. The ones shouting the loudest is normally to be the anti-office group. They are typically older, more well-established in their careers and keen to share how pleased they are to have finally ditched the [...]
City centre hotels hammered by Covid restrictions on travel June 23, 2021 Hotels located in city centres are “really struggling” as Brits pick resorts over cities and travel restrictions curb tourism. Most hotels in British resorts like Cornwall are full, but city centre hotels are only between 30 and 40 per cent booked, according to data from hotel technology provider Avvio. London has seen a 32 per [...]
Cummings claims Rishi Sunak raised concerns about PM’s Covid response June 21, 2021 Rishi Sunak allegedly shared concerns about Boris Johnson’s handling of the Covid-19 pandemic while the Prime Minister delayed implementing a second lockdown, according to Dominic Cummings. The former powerful Number 10 aide told people on his subscription Substack page that the chancellor was not the lockdown-sceptic he was made out to be and that “Sunak’s [...]
US stocks open near record highs while FTSE 100 stays in the green June 15, 2021 US stocks opened near record highs today as attention turned to the Federal Reserve for cues on whether a jump in inflation will prompt a tapering in monetary policy. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 opened flat, remaining near an all-time time. Meanwhile, the Nasdaq Composite was [...]
Staff crisis in hospitality: Act now or risk being the next France June 15, 2021 The hospitality sector is in the midst of a staff crisis. We always knew that staffing would be a challenge with full reopening post-Covid, that not everybody would return to work after furlough. Many of our French and Italian staff went back home during lockdown and had decided not to return to the UK or [...]
Morgan Stanley boss: Eating out? Then you can come in to the office June 15, 2021 Morgan Stanley chief executive James Gorman sent a strong message to staff in the US who are reluctant to return to their desks, saying, “If you can go into a restaurant in New York City, you can come into the office.” “By Labor Day, I’ll be very disappointed if people haven’t found their way into [...]
Ecommerce fintech Booste plots London launch after €12m funding round June 15, 2021 Booste, a Polish fintech offering revenue-based financing to ecommerce companies, is planning to launch in London after raising €12m (£10m) in a fresh funding round. The startup, which was co-founded by former Uber Eats executive Jakub Pietraszek, provides ecommerce firms with funding to finance growth through digital ads on Facebook and Google, marketing campaigns and [...]
Wall Street edges higher as inflation fears fade while FTSE jumps June 11, 2021 Wall Street’s main indexes opened higher today after inflation data calmed concerns over a long-term spike in consumer prices. The Dow Jones Industrial Average was up 0.2 per cent, while the S&P 500 advanced 0.15 per cent at the open. Meanwhile, the tech-heavy Nasdaq edged up 0.1 per cent after a week in which tech [...]
Wall Street creeps higher as investors await cues on tapering and inflation June 9, 2021 Wall Street’s main indexes edged higher today but a lack of clear catalysts kept trading slow while investors awaited inflation data and an upcoming Fed meeting. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent, [...]
Wall Street inches higher on tech stocks boost while FTSE 100 flies June 8, 2021 Wall Street’s main indexes rose tepidly this afternoon as investors held their breath ahead of key US inflation data this week. The Dow Jones Industrial Average was flat, while the S&P 500 per cent gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent as Tesla’s shares rose 2.9 per [...]