City Moves: Who’s switching jobs in the Square Mile this week? July 14, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Irwin Mitchell poaches Slater & Gordon employment lead London law firm Irwin Mitchell has poached another Slater & Gordon lead this week as a new partner who will be based in its Holborn office. Deborah Casale, [...]
Rampant dealmaking pushes Goldman Sachs’ earnings ahead of estimates July 13, 2021 US investment banking giant Goldman Sachs posted a strong set of results on Tuesday which surged ahead of analysts’ forecasts for second-quarter earnings. The rise in profits at the Wall Street giant was driven by the firm capitalising on a record-breaking dealmaking period as companies took on cheap debt and deployed dry powder to snap [...]
Workspace CEO: London’s working map will change as offices reopen but it’s an opportunity for true innovation July 13, 2021 There is widespread agreement that we are all undergoing a fundamental re-examination of our day-to-day lives as a result of the pandemic. Few aspects of modern life have been scrutinised as much as they way we work and where we work. With restrictions on work from home set to be lifted, much of this is [...]
Scotland Yard: Security breach at Wembley Stadium took police by surprise July 12, 2021 The security breach at Wembley Stadium which saw fans without tickets get into the Euro 2020 final took police by surprise, Scotland Yard has said. Deputy Assistant Commissioner Laurence Taylor said officers had planned for London to be busy with supporters, but did not expect stadium security to be compromised. Footage posted on social media [...]
Government scraps TfL bus service review due to extra restrictions July 12, 2021 Transport for London (TfL) will no longer have to carry out a review of bus services levels in July after the government agreed to waive the step after concerns were raised. Under TfL’s latest six-month funding package, the transport operator had to undertake a review of bus passenger numbers in both July and September. But [...]
More staff yearn for their pre-pandemic commutes as return to looms July 12, 2021 More staff yearn for their pre-pandemic commutes as return to looms
Credit Suisse chief compliance officer resigns as shake up continues in the aftermath of Greensill July 12, 2021 Credit Suisse’s chief compliance officer will depart the bank as it continues a shake up by its new chairman in the wake of a series of costly scandals. The banking giant announced that its Swiss chief compliance, Floriana Scarlato, would leave with immediate effect to explore opportunities elsewhere. Recently appointed chairman Antonio Horta-Osorio has vowed to [...]
Post-pandemic flexible working a must for burnt-out workers July 12, 2021 Over two thirds of workers want more flexible working post-pandemic, as just under half can’t switch off from work. A new study from Aviva shows that 44 per cent of workers feel they can’t switch off from work. As a result of always-on working, 40 per cent are now concerned about burn out. While both [...]
Charles Stanley revenues on the rise at £46m July 12, 2021 Investment management firm Charles Stanley (CAY) saw revenue, total funds under management and administration grow in the first quarter. The wealth-management services group said total funds under management and administration increased by almost 6 per cent to £27bn as of June 30, from £25.6bn at March 31. Total revenue for the quarter was up by 8 [...]
UK finance chiefs gear up for post-pandemic spending boom July 12, 2021 Spending by UK businesses is set to surge in the coming months as finance directors prepare for a sharp increase in hiring and investment, according to a new survey. Almost three-quarters of chief financial officers expect rises in capital expenditure, while 76 per cent forecast increases in hiring in the year ahead. Expectations for both [...]