It’s up to the City to drive Britain’s economic recovery October 19, 2020 “The harder yards are ahead of us,” warned Bank of England governor Andrew Bailey recently, as Britain’s households and businesses brace themselves for a bitter winter in the midst of the pandemic. With the UK’s economic recovery already fragile, it is clear we need to identify the engines for growth that can weather the storm [...]
Over the Moon film review: This family Netflix animation has heart and colour October 16, 2020 Netflix looks to get in on the booming appetite for family content with this whimsical animated trip to space. Cathy Ang voices Fei Fei, a young Chinese girl fascinated by science, as well as the stories of the Moon goddess Change’e (Phillipa Soo) told to her by her mother (Ruthie Ann Miles). When her mother [...]
Rebecca film review: Ben Wheatley directs Lily James and Armie Hammer but is too in thrall to Hitchcock October 16, 2020 In a peculiar turn of events, Netflix has become the saviour of cinema. The streaming giant has become the highest profile pipeline for cinemas during this unprecedented fallow period. Once seen as the death knell for the picture house, the company’s decision to give its Original Movies a brief theatrical run now provides cinemas with [...]
Coronavirus: Daily cases in England rise to 27,900 October 16, 2020 Daily coronavirus cases in England have rocketed to 27,900, according to latest figures from the Office for National Statistics (ONS), marking a 10,000 increase since last week’s average. The estimated number of coronavirus cases for the week to 2 October was 17,200, while the average for the week before was 12,600. The ONS said this [...]
Actively inactive: Identifying tension in the UK labour market October 16, 2020 The Covid-19 crisis and resulting responses to curb the spread of infections has caused tension to form in pockets of the UK labour market. Given how important it is to tackle economic inactivity if we are to speed the UK’s recovery, it is vital that these new labour market dynamics are recognised, and that steps [...]
Investment managers urged to join government’s Kickstart scheme October 15, 2020 Investment managers are being urged to support young people with work placements amid the pandemic. Investment 20/20, part of the Investment Association, is calling on the industry to provide placements for 16-24 year olds on university credit, as it announces a new initiative in support of the government’s Kickstart scheme. Last month the government urged [...]
The City View: LMAX CEO urges City to ‘support young talent’ amid Covid October 15, 2020 In this episode Christian talks to David Mercer, CEO of LMAX Group, the fast-growing fintech firm and FX and institutional crypto exchange that clocked up $56m (£43m) in gross profit in 2019, with trading volumes of $3.5tn. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS LMAX Group is listed in the Deloitte Fast 50 and The Sunday Times [...]
Asos to launch budget brand as 20-somethings face economic impact of Covid-19 October 14, 2020 Asos is planning to launch a budget brand, the fast fashion retailer announced this morning as it warned that its core 20-something audience were vulnerable to losing their jobs during the coronavirus pandemic. The online retail giant said today that the new brand called “As You” will meet the gap in its portfolio for lower-priced [...]
Working from home takes toll on younger generations, survey finds October 14, 2020 Working from home is disproportionately affecting young people, according to new research, as fears of fresh local lockdowns around the country continue to hamper a return to the office. More than 85 per cent of 1,500 office workers surveyed by design firm Oktra said they struggled with the switch to homeworking during the pandemic. Younger [...]
Asos sounds cautious note on future demand after profit quadruples October 14, 2020 Asos reported a quadrupling in full-year profit following a spike in online shopping during the coronavirus pandemic, but warned on the outlook for consumer spending among its young customer base. The fashion ecommerce giant reported profit before tax of £142.1m for the year to 31 August, up from £33.1m the year before. Read more: Asos [...]