Government rubbishes Hammond’s hedge fund Brexit conspiracy theory September 30, 2019 The government has hit back at aBrexit conspiracy theory that Boris Johnson is colluding with currency traders by forcing a no-deal Brexit, claiming Labour is causing greater yet market uncertainty. Shadow chancellor John McDonnell demanded answers from the Conservatives, after former chancellor Philip Hammond wrote an article for The Times which claimed that speculators had [...]
Rothschild snaps up stake in Redburn as industry pressures drive consolidation July 19, 2019 Rothschild has snapped up a minority stake in equity research house Redburn, in the latest sign of industry consolidation amid regulatory pressures from EU legislation. The deal, which was struck for an undisclosed sum of money, will help Rothschild broaden its range of services and boost Redburn’s expansion plans, the two firms said earlier this [...]
Cabinet reshuffle live: Chancellor resigns over turf war with No 10, as PM shakes up top team February 13, 2020 This is a live blog, please hit refresh to update 6pm – Live blog wrap Well, that’s your lot for today – at least, in terms of this live blog. My colleagues will be picking up on the rest of the appointments this evening and tomorrow. It was quite a day – certainly more of [...]
What do people want? Policies conceived by Dominic Cummings October 3, 2019 One of the criticisms frequently levelled at Number 10’s de facto chief of staff Dominic Cummings is that he has no ideology or long-term vision. Once Brexit is done, it is argued, he will disappear in a puff of smoke and leave Britain to stew in whatever mess he leaves behind. Beyond leaving the EU, [...]
UK firms cut more than 106,000 jobs amid coronavirus pandemic August 19, 2020 The coronavirus pandemic has battered the UK economy since it arrived in early 2020 – and no sector has remained unscathed, with more than 100,000 job cuts planned during the pandemic. The government’s furlough scheme has allowed millions of people to keep getting a paycheck, but fears are growing that when this is phased out [...]
Dormant assets scheme could be expanded following government report April 4, 2019 A scheme to reallocate dormant assets to charitable causes could be extended to the investment and wealth management sector following the publication of a government report. An independent report commissioned by the government found that extending the scheme to other financial services, also including the insurance and pensions sector, could "significantly expand the money available to good [...]
Thousands of Sainsbury’s jobs at risk as UK supermarket shakes-up management January 23, 2018 Thousands of Sainsbury’s jobs are at risk as the supermarket seeks to shake-up its management structure. The announcement comes shortly after Tesco put more than 1,500 staff into a consultation period as it prepared to cut around 800 jobs. Read more: Tesco announces it is cutting 800 jobs Structural changes in the retail industry, combined [...]
NHS England says new 10-year plan could save up to 500,000 lives a year January 7, 2019 NHS England has unveiled its 10-year plan for the health service, which sets out how the £20.5bn funding injection announced by Theresa May will be spent over the next five years. NHS England said the money could save around 500,000 lives by preventing life-threatening diseases such as strokes, heart problems and cancer by detecting them [...]
Raising the standard: The male business chiefs helping the drive for gender equality May 20, 2019 Not all business leaders are joining the battle for gender equality. As more women are being pushed up the corporate ladder and trained for senior roles, some male chief executive officers (CEOs) privately admit to feeling belittled, excluded and minimised. They complain that “you can’t say what you think anymore” and it’s “PC gone mad.” [...]
City Moves for 19 November – who’s switching jobs at Cushman & Wakefield, AEG Europe and Diffblue? November 19, 2018 Cushman & Wakefield Cushman & Wakefield has appointed Richard Evans to head its logistics and industrial team in the UK. Richard, who will start work at Cushman & Wakefield next spring, joins from JLL where he was lead director of its UK logistics group. He has spent 16 years at JLL advising investor, developer and [...]