IoD: Higher wages will stoke inflation September 24, 2021 The chief economist of the Institute of Directors (IoD) has predicted severe worker shortages plaguing the UK economy will trigger a sharp rise in prices. Kitty Ussher, chief economist at the IoD, told City PM she expects “a step-change in wage rates for high-demand skills that will put upward pressure on prices in the short-term.” [...]
Bonus backlash: John Lewis workers angered by awards for senior staff September 23, 2021 Retail group John Lewis Partnership has angered employees after senior managers received awards while a wider partnership bonus was denied for the first time. Almost 4,000 special contribution awards were made last year, it was first reported by The Financial Times, including to 16 managers, out of an 79,000-strong workforce. A wider percentage award was [...]
Meet Deborah Finkler: The first female leader of City firm Slaughter and May September 23, 2021 Deborah Finkler will be Slaughter and May’s first female managing partner as the Magic Circle firm restructures its executive team. Finkler, a graduate from the University of Cambridge, where she studied economics and law, became a partner at Slaughter and May 30 years ago, after five years as an associate at the company. She was one [...]
We ask the experts what makes the perfect gift shop September 23, 2021 Anyone who has set foot in a major gallery’s gift shop of late will know that it’s become something of a main attraction. Indeed, a glance at today’s gift shops provides a sweeping art history: from Giotto-themed pencils, to Pollock bath mats, Van Gogh eyewear, and Banksy face masks. For many visitors, the shop is [...]
Nationwide CEO stepping down after five years at the helm September 23, 2021 Nationwide Building Society’s chief executive Joe Garner is stepping down after more than five years at the helm. The lending giant said the plan will “support an orderly transition to new leadership” in what will mark a clean sweep at the top as chairman David Roberts also heads for the exit. Nationwide announced that Kevin [...]
Canada exec: Hybrid working is here to stay and the Square Mile will adapt September 23, 2021 The new flexible ways of working are here to stay – and the City will adapt, the chair of Canada Corporation’s planning and transportation committee, Alastair Moss, has said. Championing the fresh approach to working life in the capital, Moss urged that although employees are seeking a better work-life balance, City office spaces [...]
Travelodge targeting young parents in drive to fill 750 jobs across UK September 23, 2021 Hotel giant Travelodge has launched an autumn recruitment drive as it looks to fill 750 jobs at its hotels across the UK. The jobs are a mix of full and part-time, offering flexible working hours for posts including receptionists, bar staff and managers. Travelodge said it is targeting parents wanting to return to work now [...]
City Moves: Who’s switching jobs in the Square Mile today? September 23, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email [email protected] to be featured. Savills adds two to Super Prime London team Savills has added two new hires to its Super Prime London Residential Development Sales team at its headquarters on Margaret Street, who both previously worked for the estate agency. [...]
Booming UK tech sector now accounts for one in eight jobs – and they’re much better paid September 23, 2021 As investment in UK startups soared to £13.5bn in the first six months of 2021, hiring surged across the country, with tech now making up 13 per cent of all UK job vacancies. While some industries are still grappling with the fallout from the pandemic, the UK’s tech sector is comparatively booming, and companies across [...]
Activist investor Bluebell takes stake in GSK to oust embattled chief exec September 22, 2021 The activist investor Bluebell Capital Partners has bought a stake worth €10m (£8.6m) in GlaxoSmithKline in a bid to shake up the pharmaceutical company’s leadership. Chief Executive Emma Walmsley has already seen off an attack from activist investor Elliott Management which urged GSK to name new board directors and launch a review of her leadership in [...]
