Half of UK financial services staff want shift to flexible working October 19, 2020 Half of Brits working in the financial services sector want to shift to a more flexible working model after the coronavirus pandemic ends, a new survey has revealed. The outbreak of Covid-19 has sparked a major change in working habits, as stay-at-home orders have fuelled a sharp rise in home working. A survey by KPMG [...]
Wetherspoons boss Tim Martin slams lockdown measures as ‘total chaos’ after pub chain sinks to loss October 16, 2020 JD Wetherspoon shares sank more than 13 per cent this morning as the pub chain swung to a loss for the first time since 1984 during the pandemic. Chairman Tim Martin slammed recent lockdown measures as “total chaos”, after months of closures during the coronavirus crisis hammered the pub group’s sales and revenue. The results [...]
Superdry finance chief quits after 16 months October 16, 2020 Superdry has announced that its chief financial officer has stepped down after just 16 months in the role. The fashion brand’s share price dropped more than four per cent this morning after it announced that Nick Gresham had left the company with immediate effect. Superdry, which said Gresham had decided to leave the firm, has [...]
Wetherspoon to cut jobs after plunging to annual loss October 16, 2020 J D Wetherspoon (JDW) said this morning it has started a consultation process to reduce positions at its airport pubs and that it would cut 108 jobs at its head office after the pub operator plunged to an annual loss. Wetherspoon, which employed around 43,000 people at the end of its last financial year, posted [...]
Virgin Atlantic launches new Manchester to India flights October 15, 2020 Virgin Atlantic will launch two new routes to India from its base at Manchester Airport in the coming months. The carrier will fly three times a week to Mumbai from December and begin twice weekly flights to Delhi in January. It already flies the the two cities from its base at Heathrow Airport. Juha Jarvinen, [...]
Working from home takes toll on younger generations, survey finds October 14, 2020 Working from home is disproportionately affecting young people, according to new research, as fears of fresh local lockdowns around the country continue to hamper a return to the office. More than 85 per cent of 1,500 office workers surveyed by design firm Oktra said they struggled with the switch to homeworking during the pandemic. Younger [...]
Today: Boris Johnson to meet EU chief in crunch trade deal meeting October 14, 2020 Boris Johnson and EU chief Ursula von der Leyen will hold last minute Brexit talks today as the two sides try to salvage a last minute trade deal. The two have agreed to meet ahead of an EU summit on 15 October, with Johnson saying last week that he needs to see a deal is [...]
FTSE 100 and US stocks slip amid second-wave worries October 13, 2020 The FTSE 100 was set to end the day lower and US stocks fell as concerns about rising coronavirus cases and new restrictions weighed on global sentiment. London’s blue chip index opened lower and was down 0.8 per cent by 4pm at 5,951 points. The mid-cap FTSE 250 had shed 1.5 per cent. Read more: [...]
The mayor must speak up for ambitious Londoners and for businesses — not call for further restrictions October 13, 2020 Sadiq Khan is arguably under more scrutiny — and subject to some of the harshest criticism — than any politician in the country. Much of it is unfair. London remains a city with an illusion of a mayor, rather than one with the power to make decisions for the good of the city and its [...]
Facebook donates £1m to Bletchley Park after Covid-19 hit October 13, 2020 Facebook has donated £1m to Bletchley Park to help the World War Two code-breaking hub survive the impact of the coronavirus pandemic. The social media platform described Bletchley Park as “one of the UK’s national treasures” and said its donation aimed to help keep it open to the world. During the Second World War Bletchley [...]