Salaries for those who kept their jobs through pandemic rose in 2020, says Reed January 18, 2021 Salaries for those who kept their jobs through pandemic rose in 2020, says Reed
In memoriam: Ian Taylor 1946-2020 January 16, 2021 Ian Taylor, who died in June of last year, ran Vitol for two decades. He was well-liked in the City not just for his business acumen, but for his philanthropy – which, it was revealed last week, continued after his death. Bloomberg reported he left £1m to the Royal Opera House and significantly more than [...]
Why it’s easier to spend bitcoin than £50 notes January 15, 2021 Recently a friend of mine came into possession of a number of £50 notes. If I told you too much I would have to kill you, but it apparently involved a number of Covid-19 tests, a trip to Pakistan, some Kashmiri carpets and a large man from Barbados. I know some interesting people. I thought [...]
London needs offices to thrive to secure its global future January 15, 2021 Are cities dead? There are plenty who think so – but Britain should hope they’re wrong. “The history book has not yet been written for cities” is the rallying cry emanating from Government. Those were Rishi Sunak’s words, echoing the Prime Minister’s faith when he spoke with FTSE 250 leaders last week that, post-pandemic, we [...]
CES 2021: Gadgets that wowed us in the first all-digital Las Vegas show January 14, 2021 The first all-digital Consumer Electronics Show has come to an end, and while the event was a little more subdued than normal, there were still some gadgets on show that blew us away. Whether by virtue of their brilliance or their strangeness, here are the gadgets that caught our eye during CES 2021. Razer Project [...]
‘Phantom roles’ may mask the true state of the UK job market January 14, 2021 Last month, the Office for National Statistics (ONS) painted a bleak picture of the UK job market with the hospitality and retail sectors being in a particularly bad shape. ONS data showed the biggest-ever year-on-year decline in job vacancies in those sectors as the number of open positions fell by 49 percent and 52 per [...]
Britishvolt: The batterymaker leading the charge towards the 2030 diesel car ban January 14, 2021 2020 was a dire year for the UK car industry, but buried amid the reports of tumbling vehicle sales was one piece of promising news. For the first time ever, sales of electric vehicles comprised 10 per cent of all new car sales, figures from auto body the Society for Motor Manufacturers and Traders (SMMT) [...]
UK high streets to ‘lose up to 40 per cent of stores’ due to pandemic January 14, 2021 Up to 40 per cent of high street shops could be forced to close due to the impact of the shift to remote-working and online shopping, the latest analysis showed, in the latest blow to the struggling UK retail sector. A report published this morning by professional services giant KPMG said UK high streets could [...]
City Moves: Who is switching jobs in the Square Mile this week? January 13, 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. After a rocky year for business, City firms are continuing to adapt to the challenges of three national lockdowns and post-Brexit bureaucracy to keep things moving across the Square Mile. This week, Lloyd’s [...]
Morrisons to be first UK supermarket to pay staff at least £10 an hour January 13, 2021 Morrisons will pay its supermarket staff at least £10 an hour, becoming the first major UK supermarket to reach that milestone. The new deal will start in April and represents a significant pay increase for nearly 96,000 colleagues, the majority of which will see a nine per cent rise. Staff had pushed for an increase [...]