Deutsche Bank staff in the City set for three-day work from home week April 29, 2021 Deutsche Bank plans a post-pandemic policy for its City staff that allows them to work from home for up to three days a week. The implementation of the hybrid working model is part of a wider initiative to encourage flexible working at the German financial giant. “It’s a range of 40 per cent to 60 [...]
Brand London: How will the capital change after Covid and Brexit? April 29, 2021 As the UK gradually emerges from lockdown, the deserted streets of London are beginning to show hints of their former vibrancy. But a return to normality will be far from straightforward. Not only has London been left reeling from the Covid-19 pandemic, it is still working through the fallout from Brexit, which has sparked a [...]
LinkedIn: Barclays, Tesco and NatWest ranked top three UK workplaces April 28, 2021 Barclays has been crowned the best company to work for, followed by Tesco and NatWest, according to LinkedIn’s list of the 25 top workplaces in the UK. The list ranks workplaces on their capacity to build and sustain a long-term career and have been compiled based on actions taken by the platform’s 30m UK members [...]
Antonio Horta-Osorio signs off at Lloyds with a £1.4bn post-tax profit April 28, 2021 Lloyds bank posted a £1.4bn after tax profit for the first quarter, up nearly 200 per cent on the same time last year, in boss Antonio Horta-Osorio’s final results at the helm. The banking giant’s statutory profit after tax for the three months to 31 March 2021 was £1.39bn compared to £480m this time last [...]
Exclusive: Remote working is just as effective, but it can hurt pay and promotion, HR execs warn April 27, 2021 As the City is gradually coming out of lockdown, a range of large companies and financial institutions announced in recent weeks that hybrid working is here to stay. HSBC became the latest big financial services firm to confirm it is making some sweeping structural changes to its working pattern as it adjusts to the post-pandemic [...]
Government task force to examine hybrid working post-pandemic April 27, 2021 Ministers have formed a task force to draw up advice on flexible working, as Covid-19 restrictions ease and attention turns to the role of the office post-pandemic. Twenty business groups and trade unions will meet today to begin a review of hybrid working, the Times first reported. The group will be asked to consider how [...]
Law firm Irwin Mitchell tells staff to work when and where they like April 27, 2021 Staff at Irwin Mitchell will be able to choose where and when they work in the future, after an employee and client survey suggested most wanted a hybrid approach post-pandemic. The law firm, which is rumoured to be gearing up to float on the London Stock Exchange, told its 3,000 employees that, subject to their [...]
City Corporation unveils action plan to be world’s most innovative, inclusive and sustainable centre April 27, 2021 The Square Mile must adapt to post-pandemic economic and social trends in order to remain a world-leading ecosystem, according to a new report published today by the City of London Corporation. The Square Mile: Future City, produced by the City Corporation’s Recovery Taskforce inpartnership with Oliver Wyman, sets out a vision for the next five [...]
Office landlord IWG says enquiries rebounded to pre-Covid levels in first quarter April 27, 2021 Office space provider IWG said enquiries bounced back to pre-Covid levels in the first quarter as it pushes ahead with its franchising strategy. IWG said the first three months of the year had provided a “clear inflection point, with occupancy stabilising in February and improving in March”. It said it expects the momentum to continue [...]
The office is not dead – far from it, say City insiders April 26, 2021 As the economy starts to reopen, the City is slowly coming back to life. A range of banks and Square Mile-based firms have started to formalise work from home policies and implemented flexible working arrangements. Businesses in every sector have been debating concepts of what the post-Covid office could look like with pessimists doubting its [...]