City of London Corporation criticised for awarding above-inflation pay rises during coronavirus crisis June 30, 2020 A London think tank has slammed the City of London Corporation for giving staff a pay rise above inflation levels during the coronavirus crisis. The Corporation recently confirmed that all its staff would receive a 2.25 per cent yearly pay rise from 2020 to 2023 as well as an additional 5 per cent annual increase [...]
Virgin Atlantic unveils coronavirus insurance package on eve of crunch bailout vote August 24, 2020 Virgin Atlantic has today unveiled a comprehensive new coronavirus insurance package for all new and existing bookings up until the end of March next year. The new offer was revealed on the eve of a crunch High Court vote on a £1.2bn bailout package that could keep the carrier flying if it is approved. The [...]
Lufthansa seeking to make equivalent of 22,000 jobs redundant June 15, 2020 German flag carrier Lufthansa is looking to make the equivalent of 22,000 full-time roles redundant as it seeks to restructure after the coronavirus crisis. The airline said that it was aiming to have made agreements with workers’ representatives by 22 June. The job cuts, which will impact 600 pilots, 2,600 cabin crew members and 1,500 [...]
Markets bounce back after stuttering start to week March 18, 2021 Crypto AM Daily brings some welcome good news for crypto markets as Bitcoin claws its way back to recent highs.
Shares in Mirror publisher Reach jump despite Covid-19 revenue hit May 7, 2020 Shares in Daily Mirror publisher Reach jumped as much as 12 per cent this morning as “unprecedented” demand helped to offset investor concerns about a decline in revenue. The newspaper group, which also owns the Daily Express and a host of regional titles, reported a 13.1 per cent decline in revenue in the four months [...]
Rishi Sunak launches spending review and warns of ‘tough choices’ July 21, 2020 Chancellor Rishi Sunak has warned that “tough choices” will have to be made over government spending from 2021 onwards as he launched a comprehensive review of public sector budgets. The spending review comes as Sunak revises the overall spending plans made in the March Budget to reflect the huge impact coronavirus has had on the [...]
LIV laugh love: LIV Golf players to play at 2023 Masters December 20, 2022 Golf players on the LIV tour will be able to play at next year’s Masters tournament, it was confirmed today. The organisers of the major, held at Augusta National, confirmed the news today – this means the likes of Dustin Johnson and Cameron Smith will be able to compete at the iconic venue. “We will [...]
Security officials launch review into Huawei role in 5G network May 25, 2020 Security officials have launched a review of Huawei’s involvement in Britain’s 5G network after fresh US sanctions. The US commerce department earlier this month said it would extend the sanctions to require licences for sales to Huawei of semiconductors made abroad with American technology. The UK government has since confirmed that the National Cyber Security [...]
Budget 2021: As it happened March 3, 2021 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer delivers the government’s Budget later today – at 12.30pm. Please also visit our dedicated Budget 2021 Hub. Wrap-up of the main Budget announcements Here’s a wrap-up of the main announcements made by the chancellor in his spring Budget: [...]
How strong might the UK’s post-Covid economic recovery be? April 30, 2021 It has been a tough start to the year for the UK. As lockdown restrictions continue to slowly ease, we examine the progress made in tackling the Covid-19 pandemic, and whether hopes for a strong economic recovery are well founded. Vaccines offered hope, speedy inoculation will solidify the recovery A year on from the start [...]