Nomura signs up Deutsche Bank veteran as chief risk officer in London October 5, 2020 Japanese investment bank Nomura has lured Aisling Doyle away from Deutsche Bank to oversee all risk-related matters at its Europen investment arm. Doyle will be based at Nomura’s office in the City, reporting directly to the global group’s chief risk officer, Sotaro Kato, as well as to Jonathan Lewis, CEO of Nomura’s European division and [...]
Businesses plan long-term return to office despite home working boom October 5, 2020 Most businesses will resume using their offices after the coronavirus crisis, despite a shift towards home working, according to a survey of company directors. The research found that 74 per cent of directors said they would keep increased home working arrangements, and half said they would reduce their long-term use of the office following the [...]
DTZ Investors backs London rental market with £70m co-living project October 5, 2020 London real estate firm DTZ Investors will provide £70m for a new “collective living” development, in a show of confidence in the capital’s rental market despite the impact of the coronavirus crisis. The Earlsfield development will be the second property delivered through the fund set up last year by DTZ Investors and co-living firm The [...]
Ride hailing app Ola banned in London October 4, 2020 Uber rival Ola has been banned from operating in the capital by Transport for London
Covid-19 vaccine could be rolled out across the UK in less than three months October 3, 2020 A Covid-19 vaccine could be rolled out across the UK by the end of the month, government scientists have reportedly said. Those working on the AstraZeneca vaccine in Oxford are hoping that regulators approve it within the next three months, The Times reported. A mass roll-out could happen quicker than expected, according to the report, [...]
Square Mile’s street closures could be made permanent October 1, 2020 Canada Corporation is considering making its new street closures a lasting feature of the Square Mile, it was revealed today. Back in June, the governing body of London’s financial district announced a raft of changes to its streets in a bid to encourage people to return to work. These included introducing wider [...]
FTSE 100 firms ‘should have one BAME board member by 2021’ October 1, 2020 FTSE 100 firms should have at least one black, Asian, or minority ethnic (BAME) member on their boards by 2021, the Confederation of British Industry has said. The CBI is set to launch its Change the Race Ratio campaign later this month with support from companies including Aviva, Brunswick, Deloitte and Microsoft, in a bid [...]
UK GDP forecast to shrink by around 10 per cent in 2020 October 1, 2020 Economic forecasters expect UK GDP to contract by around 10 per cent in 2020 following a tightening of coronavirus restrictions. New research published today by PwC has forecast a contraction of between 11 and 12 per cent for the year, while S&P Global has predicted the UK economy will contract by 9.7 per cent. Both [...]
Pub chain Fuller’s to axe one in 10 jobs with London facing biggest cuts September 30, 2020 The head of pub chain Fuller’s has revealed at least 10 per cent of his around 5,000 staff are facing redundancy. Simon Emeny said the government’s decision to encourage people to work from home where possible will hit Fuller’s city-centre pubs hardest and result in job losses. “We are doing everything possible to minimise that, [...]
Thameslink route in line for return to Tube map September 30, 2020 The Thameslink route could soon appear again on the Tube map, London Mayor Sadiq Khan has said, after a lengthy absence. In a written response to a question from Labour London Assembly member Navin Shah earlier this month, Khan said that Transport for London (TfL) was considering including the rail line on a new map [...]
