Exclusive: Four in five people expect to travel for work amid sector post-pandemic bounce back April 6, 2022 Around 80 per cent of people expect to travel for work this year as the sector bounces back post-Covid. According to a research by high speed rail operator HS1, 66 per cent of respondents said they would prefer taking the train over a plane for business for sustainability reasons, while figures increase to 77 per [...]
City stalwart quits as PM’s LGBT+ business champion over conversion therapy row April 5, 2022 City stalwart and Cicero/amo chair Iain Anderson has quit as Boris Johnson’s LGBT+ business champion over the government’s position on conversion therapy. The communications executive, who was appointed to the unapid role in 2021, announced today that the government’s decision not to ban trans conversion therapy was the catalyst for his resignation and was “deeply [...]
Food banks struggle to keep up with 99 per cent of all free food points seeing surge in demand as cost of living crisis rages April 5, 2022 Thousands more households are turning to the UK’s food banks for the first time as the cost-of-living crisis deepens, according to new research shared this morning. A new survey by community giving platform Neighbourly and Aldi – which work together to distribute surplus food from the supermarket’s stores – almost all food banks (99 per [...]
Regulating for a decentralised future April 4, 2022 Dr Jane Thomason draws from her experience at the recent AIBC summit to look at the latest regulatory thinking.
JP Morgan to book £762m loss on Russian assets April 4, 2022 Wall Street giant JP Morgan may lose as much as $1bn (£762m) on its exposure to Russia, its chief Jamie Dimon warned today in his annual letter to shareholders. The investment banking titan has been part of a concerted effort by the West’s biggest corporates to ditch Russian assets and pull out of the country [...]
Lady Mayoress’ sleep-out raises thousands for City homelessness causes April 4, 2022 Around 100 people took part in the Lady Mayoress’ so-called sleep out at Guildhall Yard last week, which saw the Lady Mayor and her husband Lord Mayor swap the comfortable beds of Mansion House for a sleeping bag on a cold spring evening. The demonstration was to raise awareness of the City’s homelessness, with around [...]
Prime London rent hits double-digit growth for first time since 2010 April 4, 2022 The priciest areas to rent in London have seen double-digit annual rental growth for the first time in more than a decade. According to figures released by Savills, growth in prime London hit 11.1 per cent in the first quarter of this year, against a backdrop of low stock levels. It is the first time [...]
Protestors block London Esso oil facility ahead of new UN climate report April 4, 2022 Protestors have blocked an Esso oil facility near Heathrow Airport with two bamboo structures in a bid to stop new fossil fuel developments. In a fourth day of protests, demonstrators from Extinction Rebellion and the Just Stop Oil Coalition have been blocking the exits to several oil facilities across the country, beginning with seven on [...]
US income gap widens between staff and management as executives report record earnings April 4, 2022 The US income gap between staff and management has widened this year, after executives reported record earnings over the last 12 months. According to information supplier ISS Company Options, more than half of S&P companies, the median pay for a chief executive went up from $13.5m in 2020 to$14.2m last year, the Financial Times reported. [...]
BrewDog chairman picks row with HR adviser over employee platform April 4, 2022 BrewDog’s chairman Allan Leighton picked a row with the HR firm brought in to improve relations between staff and management. Leighton accused consultant Hand & Heart of “amplifying attacks” on the management team, after the HR firm set up a platform where BrewDog workers could submit their feedback regarding the company. In a letter to [...]