Journalist sues Facebook over loss of control of personal data February 9, 2021 A claim has been filed against Facebook in the High Court of Justice regarding a loss of control over his and the personal data of around one million other affected Facebook users in England and Wales. The claim, brought about by journalist and writer Peter Jukes, is a consumer representative action brought on behalf of [...]
En+ sales fall as pandemic prompts drop in aluminium demand February 8, 2021 The global leaders in aluminum production saw sales of the metal fall 7.1 per cent in the fourth quarter, signaling a 6 per cent yearly drop. En+ Group says the coronavirus pandemic and the collapse of the global economy played a significant role in the fall in demand. Vladimir Kiriukhin, CEO of En+ Group, said: [...]
The Week Ahead: Look out for GDP data, Ocado, AstraZ, Twitter and Ted Baker February 8, 2021 Start your week informed: here are the announcements and results to look out for this week. UK GDP: A double dip recession is looming After a fairly decent third quarter, and an expansion of 16 per cent, the UK economy has had a much more troubled fourth quarter, with the likelihood that we may well [...]
City workers urged to complain if forced into the office January 13, 2021 The City of London Corporation has called on workers to complain if they are being pressured into coming into work during England’s third national lockdown. The Corporation has urged Square Mile workers to file an anonymous complaint if their employers are forcing to break lockdown rules, which state that everyone must stay at home unless [...]
Square Mile sees four times as many commuters than during first lockdown January 13, 2021 There were four times as many trips made on public transport in the City of London last week than during the spring’s first lockdown, Transport for London (TfL) data shows. Last week there were around 80,000 entrances and exits from Tube stations in the capital’s financial district, which equates to 40,000 journeys. By contrast, back [...]
Business secretary slams firms not allowing staff to work from home January 12, 2021 New business secretary Kwasi Kwarteng has urged employers to take “every possible step” to help employees work from home during the pandemic. His comments come after City A.M. revealed some firms have at points offered staff unpaid leave as an alternative to returning to the office. Kwarteng said: “The law is clear that you may [...]
Government faces calls to scrap ‘inaccurate’ rapid Covid tests January 12, 2021 The government has faced mounting pressure to scale back its use of rapid Covid tests over concerns the results are inaccurate and may cause “serious harm”. Rapid Covid tests, also known as lateral flow tests, are set to play a vital part in ministers’ efforts to ramp up asymptomatic testing across the country as coronavirus [...]
Financial services M&A dips as management shifts priorities January 12, 2021 M&A in the UK’s financial services industry dropped amid the pandemic as management’s priority shifted away from deals to the preservation of cash. The UK financial services industry announced just 136 deals in 2020 down from 211 in 2019, according to exclusive EY data. Deal activity came to a near standstill at the start of [...]
Exclusive: Ted Baker uses unpaid leave to pressure staff to return to the office January 12, 2021 Exclusive: Ted Baker uses unpaid leave to pressure staff to return to the office
Ted Baker’s losses deepen as coronavirus hits retailer December 7, 2020 Fashion retailer Ted Baker’s losses deepened in the first half of the year as coronavirus took a heavy toll on the UK firm’s business. Ted Baker’s reported operating loss before tax was £86.4m in the six months ended 8 August, down from a loss of £23m in the same period a year earlier. Underlying losses [...]