Wall Street and European markets cheer highly effective Moderna vaccine November 16, 2020 Wall Street indexes followedthe FTSE 100 and indexes in the rest of Europe higher after more good news in the search for a Covid-19 vaccine
Building consensus on London’s housing priorities November 13, 2020 The housing market has the potential to play a significant role in the UK’s economic and social recovery from the pandemic – but housing in London faces a mounting number of challenges and uncertainties in doing so. That was the verdict of a roundtable held as part of a UK-wide initiative by Lloyds Banking Group [...]
Lloyd’s to revamp company cultural following sexual harassment incidents November 5, 2020 Lloyd’s of London recently quizzed employees on its culture in a bid to improve its work environment for women. The move follows reports of sexual harassment at the firm in recent years. Last month Lloyd’s launched its 2020 culture survey, the second culture survey carried out by the business. The market’s first 2019 survey found [...]
Goldman Sachs and Deutsche Bank return London staff to home working November 2, 2020 Goldman Sachs and Deutsche Bank are to return non-essential staff in their London offices to home working ahead of the introduction of a new coronavirus lockdown in England on Thursday. Several major banks had been encouraging staff to return to their London offices in recent months following the relaxation of initial lockdown measures, but news [...]
FTSE 100 edges higher after Covid sparks sharp sell-off October 29, 2020 The FTSE 100 rose slightly this morning after tumbling three per cent yesterday as investors braced themselves for a tough winter of rising coronavirus cases and new government restrictions. London’s main stock index climbed was last up 0.3 per cent at 5,600 points. Despite the slight gain, the index remained at around a six-month low. [...]
Facebook sued over Cambridge Analytica data scandal October 28, 2020 Facebook is being sued over its misuse of data during the Cambridge Analytica breach, opening the social media firm up to further fines for its role in the scandal. A group action lawsuit representing 1m users in England and Wales was filed today to gain “redress and compensation for the persistent mass misuse of personal [...]
Snakes and Ladders: Who is moving jobs in the City this week? October 28, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. City firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This [...]
Majority of London offices cancel Christmas parties in face of new restrictions October 28, 2020 Almost all London offices have parked the tinsel and cancelled their Christmas parties this year, according to new research, as the capital faces a bleak festive season under Tier 2 restrictions. More than 95 per cent of London businesses have cancelled bookings for traditional office parties this Christmas, after the capital’s move to “high” alert [...]
UK slammed for ‘light-touch’ approach to gender pay gap October 14, 2020 The UK has a “light-touch” approach to gender pay gap reporting compared to other countries, according to a new report. New research by the Fawcett Society and the Global Institute for Women’s Leadership at King’s College London (KCL) found that Britain is vastly behind other nations, which have “much more robust systems” for reporting gender [...]
FTSE 100 and US stocks slip amid second-wave worries October 13, 2020 The FTSE 100 was set to end the day lower and US stocks fell as concerns about rising coronavirus cases and new restrictions weighed on global sentiment. London’s blue chip index opened lower and was down 0.8 per cent by 4pm at 5,951 points. The mid-cap FTSE 250 had shed 1.5 per cent. Read more: [...]