Goldman Sachs and JP Morgan to pay interns to quarantine in hotels June 13, 2021 Budding bankers at Goldman Sachs and JP Morgan forced to quarantine in hotels before they can begin their City careers will have their costs covered by the banks. The Wall Street titans are among the major lenders preparing to welcome another intake of new starters in the middle of the pandemic. But many of the [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
Exclusive: Government says return to the office is up to ‘personal discretion’ when restrictions ease June 11, 2021 A government minister has told City A.M. it will be up to “personal discretion” whether businesses return to the office after 21 June, as it remains unclear if the ‘work from home’ message will be scrapped as originally planned. Small business minister Paul Scully said that “personal discretion is the key thing” when it comes [...]
‘Arrest us’: Lloyd-Webber vows to reopen theatres on 21 June regardless of restrictions rules June 9, 2021 Andrew Lloyd-Webber has vowed to reopen his London shows later this month, regardless of whether the government goes ahead with so-called ‘freedom day’. The theatre entrepreneur has had he is willing to be arrested if authorities try to intervene in his plans to re-open. “We are going to open, come hell or high water,” Lloyd-Webber [...]
RSA Insurance bought for £7.2bn by Canadian and Danish buyers June 1, 2021 A consortium of Canadian and Danish buyers have completed the acquisition of RSA Insurance, in a deal worth £7.2bn. Under the terms of the all-cash deal, Danish buyer Tryg will take over the Swedish and Norwegian arms of RSA, while Canada’s Intact will have the Canadian, British and international businesses. RSA, which owns brands including [...]
Loyalty penalty on home and motor insurance to be scrapped May 28, 2021 Renewal quotes for home and motor insurance customers will soon not be more expensive than they would be for new customers, in a bid to tackle loyalty penalties in the insurance sector. Millions of home and motor insurance customers lose out if they renew repeatedly with their current providers, according to the city regulator. In [...]
UK business optimism hits five-year high, so why has London slipped? May 28, 2021 Economic optimsim across the UK has reached its highest level in five year, but for some London businesses the reopening enthusiasm has waned.
Mitie: Covid and hybrid work prompted a makeover for cleaning tech – a mop and bucket won’t cut it May 26, 2021 The pandemic has given society the breathing space to redesign what a workplace should offer and in the age of the invisible virus, the humble mop and bucket won’t cut it. After a socially starved year, offices will likely become more collaborative and social in the future, adopting measures like ‘hot desking’. But these [...]
Sunday Times Rich List: Who came out on top among a record 171 billionaires? May 21, 2021 Sunday Times Rich List: Record 171 billionaires in the UK, so who came out top?
London offices get facelift in lockdown despite pandemic May 17, 2021 New construction starts in London have jumped by one-fifth in the six months to March 2021, despite the pandemic and changing working practices, research by Deloitte has found. New office starts are up to 3.1 million square feet, Deloitte found, with 32 new schemes breaking ground during the six months. More than half (56%) of [...]