Is starting your own business better than sex? Yes, say half of all Londoners August 20, 2021 Self-employment has skyrocketed 93.9 per cent since 2000 and for nearly 1 in 2 Londoners, it seems that their sex life has taken a backseat as a result. Is starting up and running a business really better than sex? Well, 47 per cent of Londoners believe so as they compare the feeling of launching their own business to be better or at least as good as sex itself, according [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG August 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
Bouncing back: Median basic pay stabilises after worst year in a decade August 19, 2021 Median basic pay increases between May and July 2021 were worth 2 per cent, unchanged on the figure seen in each of the three previous rolling quarters. However, this is a welcome stabilisation on pay after the median pay award fell to nil in the same period a year ago, according to data from legal compliance platform XpertHR, [...]
Londoners ‘disgusted’ by fashion industry abuses but lack money to shop ethically August 19, 2021 London consumers feel strong negative emotions about fashion industry exploitation, and that they want the industry cleaned up so they can enjoy shopping without guilt. More than two-thirds (68 per cent) of Brits taking part in a new survey that was shared with City A.M. felt either ‘disgusted’ ‘sad’ or ‘angry’ about the fact that [...]
Oil prices tumble on mounting early Fed taper fears August 19, 2021 Oil prices plummeted to their lowest level in four months today, driven by mounting concerns that the US Federal Reserve could rein in the wave of monetary support it unleashed in response to the Covid crisis earlier than expected. International benchmarks WTI and Brent Crude dipped 3.53 per cent and 3.03 per cent to $63.15 [...]
Deloitte gives all 333,000 staff lessons on climate change August 19, 2021 All Deloitte employees will be given lessons as part of a climate change education programme over the next six months according to reports, as the auditing giant seeks to boost climate change literacy in its workforce. The “climate learning program” that all 333,000 of the auditor’s international staff will be sent on, has been created [...]
Sir James Dyson: Next generation will suffer if workers do not return to offices August 19, 2021 Sir James Dyson has called on the government to take the “less popular decision” and send workers back to the office. The order to work from home wherever possible was lifted on 19 July, but since then numbers returning to offices has stagnated. Dyson believes the “chances of the next generation will suffer” if a [...]
Indy Hothi CA: “You cannot witness the devastation around you and not feel compelled to do something.” August 19, 2021 | City Talk This article first appeared in ICAS’ CA magazine. ICAS Deputy President Indy Hothi CA says his work at Khalsa Aid International is just one example of how accountants can use their skills to support their chosen causes. Back in 2014, parts of Bosnia and Serbia suffered their worst floods since records began some 120 years ago. [...]
John Lewis launches investment products as it looks beyond retail for revenue August 19, 2021 John Lewis has today launched investment products for the first time ever, as the retailer ramps up its plans to find revenue streams in other sectors. Entering the investments market is, the company said in a statement, part of its longer term ambition for 40 per cent of the company’s profits to come from outside [...]
Business Secretary intervenes in Cobham’s £2.6bn bid for Ultra Electronics on national security grounds August 18, 2021 Business Secretary Kwasi Kwarteng has stopped the planned £2.6bn acquisition of defence firm Ultra Electronics by rival US-owned Cobham, to investigate possible national security risks from the merged entities. The Competition and Markets Authority will now prepare a report on the proposed transaction. Customers of Ultra, which sells torpedo and radar systems and a range [...]
