Confirmed: Sadiq Khan WINS Mayor of London election May 8, 2021 Sadiq Khan has won a second term as London mayor, getting the most votes in almost all constituencies that have reported today after opening up a five-point lead over rival Shaun Bailey. Khan and Bailey had been neck-and-neck in counting over the past 24 hours, which made the race closer than pundits predicted, with the [...]
Square Mile’s largest employers embrace hybrid working, the details May 8, 2021 The majority of the largest employers in the City of London have vowed to continue with some sort of hybrid approach to working, after pandemic-led restrictions forced the biggest home working experiment in history. With Covid-19 cases falling and millions of people successfully vaccinated, staff are trickling back into London’s offices, and companies are turning [...]
KPMG UK puts a woman back in charge of its audit division May 7, 2021 Catherine Burnet has been made KPMG UK’s new head of audit, taking over from Jon Holt, who recently became chief executive at the Big Four firm. Burnet’s career with KPMG spans more than 25 years and has seen her as regional chair for Scotland, Edinburgh office senior partner and a lead partner on a number [...]
No full-time return to the office for over a million British workers May 6, 2021 Almost all of 50 of the UK’s biggest employers have said they do not plan to bring staff back to the office full-time. Some 43 of the firms told the BBC that they would embrace a mix of home and office working, with staff encouraged to come into work for two to three days a [...]
Trainline posts £100m loss as sales drop through the floor May 6, 2021 Trainline has reported a huge £100m loss for the year as lockdown restrictions sent sales plummeting. The company reported an operating loss of £100m compared to an operating profit of £2m the previous year, as net ticket sales plummeted 79 per cent to £783m. The FTSE 250 firm’s revenue dropped 74 per cent from £261m [...]
KPMG staff to leave early in the summer as firm embraces hybrid working May 5, 2021 Staff at KPMG will be able to leave early one day a week during the summertime, as the Big Four firm moves to hybrid working post-pandemic. The Big Four firm has finalised its plans for flexible working in a post-pandemic world. KPMG staff will spend on average just two days a week in the office [...]
Now is the time to fight against climate change May 4, 2021 2021 is being billed as a pivotal moment in terms of our fight against climate change, with the global climate change conference, COP 26, due to take place in Glasgow in November of this year. At the moment, there is some uncertainty around the format of the conference, and it is likely that it may [...]
India’s Covid crisis makes Barclays and other banks to shift call centre operations back to UK May 3, 2021 Barclays has announced it will shift some of its Indian call centre operations back to the UK as staff in the South-Asian country are struggling to cope with the ongoing Covid-19 crisis. A range of other UK and US banks and companies are mulling to do the same, according to multiple media reports in India [...]
Barclays profit more than doubles to £2.4bn, as it shifts call centres to UK from India April 30, 2021 Barclays’ profit more than doubled in the first quarter despite not releasing cash set aside to cover bad loans from the pandemic like its British rivals. The bank posted a pre-tax profit of £2.4bn for the first three months of the year, up from £923m in the same period a year earlier and beating an [...]
Clifford Chance to work minimum of 50 per cent in the office post-pandemic April 30, 2021 Clifford Chance will expect staff to be in the office for at least 50 per cent of the week post-pandemic, as the law firm moves to a more flexible way of working. The new approach means staff at the Magic Circle law firm could work remotely for up to 50 per cent of the time. [...]