90 per cent of businesses may replace staff who struggle to work from home May 10, 2021 As businesses are gradually planning for a ‘new normal’ post-Covid, this is likely to impact recruitment decisions over the next 12 months. The vast majority of companies – namely 90 percent – that was surveyed by expenses firm Expense On Demand indicated that they are likely to replace staff who were unable or struggled to [...]
One in three Londoners suffer income drop during pandemic, study finds May 8, 2021 Almost one in three Londoners experienced a fall in income during the pandemic, the joint highest of any region in the UK, new data has shown. The income pressure was driven by the disruption inflicted on retail and hospitality throughout the Covid crisis, according to research gathered by consultancy firm Lane Clark & Peacock (LCP). [...]
Exclusive: Four out of five on furlough consider switching to jobs they are overqualified for May 4, 2021 Four in five furloughed Brits are considering applying for jobs they are overqualified for if they cannot return to their existing employment. Some 62 per cent of respondents feared they would not have a job to return to after furlough, according to new research by consultancy firm NTT DATA UK, shared with City A.M. this [...]
Fears of new variants drives FTSE down two per cent April 20, 2021 London’s main market plunged two per cent today, wiping out last week’s gains amid a bad day for big tobacco. The index joined in a global stock market rout on Tuesday, ending the day at 6,859.87, down 140.21 points. The drop pushed the FTSE 100 back through the symbolic 7,000 point mark it smashed last [...]
Young people hit disproportionately by Covid jobs crisis April 20, 2021 Those aged under 35 disproportionately lost their jobs as a result of the coronavirus pandemic, as sectors like hospitality and retail were hit particularly hard by the crisis. In the year to March, nearly 635,000 under-35s saw payroll job losses in the UK, making up 80 per cent of the total payroll jobs lost during [...]
Before the Bell: UK remains steady as economy slowly starts to reopen April 20, 2021 European stocks started the week in a subdued fashion, with the FTSE100 only just managing to close above the 7,000 level, while the DAX also slipped back from its record highs of last week. US markets also finished the day on the back foot, weighed down largely by weakness in tech stocks, which may well [...]
Legal & General: Jobs and affordable housing must be ‘centrepiece’ of levelling up agenda April 19, 2021 The provision of jobs and good quality affordable housing will define the UK’s Covid recovery, according to a new report. The Legal & General Rebuilding Britain Index (RBI), launched today, shows that measures to support the UK’s recovery cannot be unform, with different regions and communities needing to level-up in different ways. According to the [...]
UK job adverts soar in April as business confidence booms April 16, 2021 The number of new job postings is soaring as the UK tiptoes its way out of the pandemic, according to new data from the Recruitment & Employment Confederation. During the week of 5-11 April, a further 140,000 new job openings were recorded, giving a total of 1.37 million active adverts in the UK. This is [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
E-commerce boom sparks rush in job searches as UK vacancies hit highest level for a year April 1, 2021 Britain’s online spending boom has sparked huge rises in e-commerce job searches, according to new data from recruitment platform Indeed Flex. Indeed Flex found significant increases in job searches related to e-commerce between 1 February and 1 March. Searches for picker jobs more than doubled, while searches for warehouse positions rose by up to 82 [...]