Sir Philip Green complaint against Lord Hain gets dismissed April 8, 2019 Sir Philip Green’s complaints against a peer who named him as the man at the centre of sexual harassment and racial abuse allegations were dismissed this afternoon. Read more: Top financial PR firm cuts ties with Sir Philip Green amid allegations The House of Lords standards body has dismissed a complaint from the retail tycoon [...]
Lloyd’s of London will ban drunk staff from the office as it clamps down on harassment with new rules April 7, 2019 Lloyd’s of London is set to share a new code of conduct with employees this week, setting out revised expectations for staff following a series of allegations over the culture at the firm. Last month Bloomberg quoted 18 women who had been subjected to “near-persistent harassment” at the insurance market, with one colleague calling the [...]
The City ‘must change everything’ to improve gender diversity, says L&G personal investing boss Helena Morrissey April 7, 2019 The Square Mile must overhaul its entire structure in order to achieve gender diversity, according to City heavyweight Helena Morrissey. Morrissey, head of personal investing at Legal & General (L&G), said that change is happening too slowly, and called for all processes from recruitment to performance measurement to be challenged to boost diversity. Read more: [...]
More than a quarter of investment bankers say work is damaging their health in ‘disturbing’ review findings April 2, 2019 More than a quarter of investment bankers said their work was damaging their health as the “disturbing” findings of a survey revealed efforts to improve workplace culture have stalled. The Banking Standards Board have raised concerns today over the wellbeing of bank employees in its latest annual review. The survey of more than 72,000 employees from [...]
Topshop owner Philip Green makes list of stores he wants to abandon March 28, 2019 Embattled retail boss Sir Philip Green is reportedly looking to sever his ties with as many as 67 Arcadia stores in a bid to save the troubled fashion firm. According to reports in today’s FT, a swathe of high street and shopping centre stores under Green’s Arcadia group – which includes Topshop and Dorothy Perkins [...]
Lloyd’s of London loses £1bn in year of natural catastrophes as it grapples with harassment scandal March 27, 2019 Insurance market Lloyd’s of London, currently embroiled in a sexual harassment scandal, said today it had made a loss of £1bn for 2018. Lloyd’s said it paid £19.7bn in claims last year, leading to an aggregate loss of £1bn, down from £2bn the year previously. The exchange had gross written premiums of £35.5bn last year, [...]
Lloyd’s of London unveils ‘robust plan’ to create safe workplace following sexual harassment claims March 26, 2019 Lloyd’s of London has unveiled a “robust plan” to create a safer workplace following reports of sexual harassment. The package of measures focuses on making it easier for staff to lodge complaints and includes an independent survey on the company’s culture and a review of practices. Read more: Shadow City minister pushes Lloyd's of London [...]
Shadow City minister ramps up pressure on Lloyd’s of London over sexual harassment claims March 26, 2019 The shadow City minister has ramped up pressure on Lloyd’s of London to eradicate its “institutionally sexist” culture after reports of sexual harassment at the 330-year-old insurance market. Labour’s John Reynolds has demanded answers from chief executive John Neal on how the company will respond to the allegations and permanently change it culture. Read more: [...]
Lloyd’s of London plans clamp down on harassment and bullying March 24, 2019 Lloyd’s of London plans to overhaul workplace culture following reports of sexual harassment and bullying at the 330-year-old insurance market. The company intends to call an emergency meeting with senior staff members to set out ways to make it easier for employees to make formal complaints, the Sunday Times reported. Read more: Lloyd's of London [...]
One in five Tube staff report being physically abused, says union March 19, 2019 One in five Tube staff have been physically assaulted by passengers while working, according to the Rail, Maritime and Transport Union (RMT). Read more: Revealed: These are London's most stressful Tube stations The union's survey also found that one in 10 workers reported being sexually harassed by passengers. Three quarters of surveyed staff reported being [...]