Lloyd’s of London chairman teases ‘exciting’ plans for famous underwriting room March 31, 2021 Staff at Lloyd’s of London could see more flexibility introduced into their working week post-pandemic, but the iconic underwriting room will remain a core part of the London’s insurance industry, according to the chairman of the insurance marketplace. The insurance marketplace will open its underwriting room on 17 May, in line with the government easing [...]
UK vaccine passport app could become ‘honeypot’ for hackers, says former top government cyber adviser March 31, 2021 A potential UK vaccine passport is in danger of becoming a “honeypot” for hackers, rogue states and cyber criminal organisations, according to one of the government’s former top cyber security advisers. Peter Yapp, ex-deputy director of GCHQ’s National Cyber Security Centre (NCSC), told City A.M. that a vaccine passport app could be an easy target [...]
World’s largest law firm Dentons to offer permanent home working March 31, 2021 Dentons in the UK, Ireland and the Middle East will allow people to permanently work from home when Covid restrictions ease. As part of a new agile working policy, people working at Dentons will be able to choose when to work from home or in the office. All 750 of Dentons’ London-based staff will be [...]
London business confidence ticks up in first quarter of 2021 March 31, 2021 Business confidence in London improved during the first three months of 2021, after reaching its lowest point since the 2008 global financial crisis. A new survey by Savanta ComRes/the London Chamber of Commerce and Industry has revealed that 29 per cent of business leaders in the first quarter of 2021 said London’s economic prospects will [...]
City Moves: Who is switching jobs in the Square Mile this week? March 31, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Covatic appoints ex-BBC strategy head London-based start-up tech company Covatic has hired an ex-BBC veteran as its chief product officer. Daniel Pike joins the company, which aims to improve in-app consumer engagement, at [...]
Allen & Overy joins magic circle firms offering ‘thank you’ bonus March 31, 2021 Allen & Overy has become the latest magic circle law firm to offer non-partners a ‘thank you’ bonus for their work during the coronavirus pandemic. Allen & Overy will give staff a one-off fee bonus in April, equal to five per cent of their annual salary. The Covid-19-related bonus will be in addition to the [...]
PwC staff to head into the office two to three days a week post-Covid March 31, 2021 PwC will allow flexible working to continue when coronavirus restrictions ease, and has said staff can finish at lunchtime on Friday during July and August. The Big Four firm said it expects staff will spend an average of two to three days per week co-located with colleagues, either in the office or at client sites. [...]
Wall Street dips on tech sell-off after FTSE 100 closes higher March 30, 2021 Wall Street closed in the red today following a sell-off of tech stocks as US Treasury yields hit a 15-month high. The S&P 500 and Dow Jones both dropped 0.3 per cent, while the Nasdaq slipped 0.1 per cent. It came after the FTSE 100 pushed higher following a volatile start to the week as [...]
US regulatory scrutiny grows as Archegos collapse sparks losses March 30, 2021 US regulatory scrutiny mounted today as Wall Street began to count the cost of losses sparked by the collapse of hedge fund Archegos Capital Management. Shares in Credit Suisse fell a further three per cent, taking total losses to 16 per cent for the week, on fears about the losses linked to Archegos’ meltdown. The [...]
City of London boss says most workers will return to office after pandemic March 30, 2021 The City of London financial centre is likely to see most workers return to their offices after the pandemic, the City’s policy chair said this morning. Catherine McGuinness told BBC radio she was confident that trade would return for businesses that rely on crowds of office workers. While McGuiness’s comments come as a boost for [...]