China places state investigators in Didi’s offices to conduct security probe July 16, 2021 Beijing’s heavyweight state spy industry and six other government departments have swooped on ride-hailing app Didi Chuxing’s offices to conduct a security investigation. The bold move comes after Chinese authorities opened an investigation into Didi for allegedly violating user privacy, just days after its $4.4bn listing in New York last month. As of yet, there [...]
Goldman Sachs boss champions post-Brexit London and expects 70 per cent of staff back in office July 16, 2021 Goldman Sachs boss Richard Gnodde said the company was as committed to its London head office as ever, buoyed by his belief that the UK capital will remain dominant as a world-leading financial centre post-Brexit. “For us we’ve been very clear, the centre of gravity for our workforce is our buildings, and in London it [...]
The outlook for business post-pandemic July 16, 2021 As we work towards exiting the pandemic we’ve spoken to insolvency expert, Blair Nimmo CA, on the outlook for businesses post-pandemic. Blair, the former UK Head of Restructuring and Global Head of Insolvency at KPMG, is Interpath’s Chief Executive Officer. As well as leading the strategic direction of the Interpath business, Blair also takes an [...]
Charles tours Goldman Sachs office to acknowledge post-Brexit commitment to London July 15, 2021 The Prince of Wales has visited the London offices of Goldman Sachs to acknowledge the US investment bank’s commitment to keeping its European headquarters in the capital after Brexit. The heir to the throne toured the firm’s Plumtree Court offices near Fleet Street in central London on what aides said was a visit designed to [...]
Gresham House assets grow steadily as ESG appetite endures July 15, 2021 Gresham House reported steady growth in the first half of the year in a trading update this morning, as interest in ESG investment continued to push its assets under management higher. The asset manager reported a 19 per cent rise in AUM to £4.7bn, with organic growth of £457m driven by its real estate division, [...]
The time is now for organisations to refresh their culture and values July 15, 2021 In 2015, ICAS launched its business ethics initiative – The Power of One – which highlights ethics is at the heart of the professional responsibilities of ICAS Members. ICAS has since published a series of publications, guidance and resources as part of The Power of One initiative. The Power of One publication ‘Organisational culture and [...]
Government calls for ‘gradual return’ to offices over summer after 19 July July 14, 2021 The government has today suggested workers go back to the office gradually after 19 July as Covid cases are expected to keep rising. The government’s advice for employers includes calls for workers to reduce the number of people they have contact with, the use of face masks in some situations and ventilation checks in offices. [...]
CMA green light: £28bn AstraZeneca and Alexion deal to close late July July 14, 2021 The UK competition watchdog has cleared vaccine maker AstraZeneca’s £28bn bid for rival Alexion, which has been confirmed to close on 21 July. First announced in December last year, the deal is intended to bolster AstraZeneca’s immunology capabilities by adding Alexion’s technology platforms. European Union regulators gave the deal the green light last week. Despite [...]
Half of all employed women in UK reconsidering career options post-pandemic July 14, 2021 Nearly half of all UK women are currently reconsidering their career options to allow more flexibility, according to new research, shared with City A.M. Over the last 16 months, the pandemic has changed routines and the way people work, however with the UK now given the go-ahead to return to the office from mid-July, it [...]
JP Morgan to lift pandemic office capacity caps in London July 14, 2021 JP Morgan will soon lift its 50 per cent capacity cap for its Canary Wharf office as pandemic restrictions are lifted next week. Employees will still be required to wear masks in common areas and complete health checks, as reported by Financial News. The US investment bank’s return-to-office task force said in an internal memo: [...]