Half of employed adults in the UK commuting to work again June 25, 2021 Brits are making a gradual return to the office, as around half of all UK working adults travelled to their place of work in the last two weeks, new data from the Office of National Statistics (ONS) showed today. The proportion of working adults who commuted to the office last week reached 49 per cent, [...]
Staffing crisis: Exodus of junior bankers as burnouts force 70 per cent to quit June 25, 2021 Severe workloads are contributing to mass burnout among junior bankers, prompting many of them to quit their job, new figures reveal. Up to 70 per cent of analysts and associate teams left their role at banks and financial institutions in recent months, despite firms stepping up their efforts to retain young talent. Firms have offered [...]
Bow Lane: Party time in EC4 as City celebrates return of office workers June 25, 2021 To celebrate the return of office workers to the Square Mile, the Bow Bells Association organised a street party yesterday in one of the oldest streets in the City, Bow Lane. Opened by the Lord Mayor Alderman William Russell, together with Bow Bells Association chairman James Goolnik, the Bow Bells sounded to start the party, [...]
Flag flies over Guildhall to celebrate role of UK Armed Forces June 25, 2021 | City Talk The Armed Forces flag is flying over Canada Corporation’s headquarters today – to mark a national celebration of the UK’s servicemen and women. The flag was raised at Guildhall during a week of events across the country ahead of Armed Forces Day on Saturday (26), which this year includes a focus on [...]
Exclusive: Business chiefs call for long-term TfL funding to support return to work June 25, 2021 The government must agree a sustainable long-term funding deal for Transport for London (TfL) to help support the capital’s post-pandemic recovery, business chiefs have urged. In a new report seen by Morning Wire, lobby group London First said maintaining public transport services in the capital was “vital” in rebuilding confidence and supporting the shift to [...]
Over 500 privately owned e-scooters seized by London police last week June 25, 2021 Hundreds of London’s e-scooter riders had their equipment seized by police last week, as the capital’s e-scooter scheme has swayed many private owners to take to the roads. The Metropolitan Police said its officers confiscated 507 of the tech-transport devices during “proactive patrols” across London’s boroughs. Transport for London (TfL) began trialling the e-scooters as [...]
UK credit score giant Clearscore heading for unicorn status after $200m Invus injection June 24, 2021 Clearscore, a free-to-use credit check company based in London, has reportedly accepted a $200m (£144m) investment from US-based fund Invus Opportunities. As reported by Sky News, the deal values the company at $700m (£503m), placing it on track for unicorn valuation. The company plans to use the funding to grow its staff numbers, product offerings [...]
Ground breaking scheme rating COVID-19 safety expanded to all City businesses June 24, 2021 | City Talk A pioneering scheme assessing business’ COVID-19 safety measures has been expanded to cover all City companies. The accreditation scheme, which was set up in September last year as a pilot, was the first of its kind launched by a UK governing body. Following its initial success, it was relaunched in April, to promote public confidence in [...]
Impact investing is increasingly a buzzword in the City as millennial investors take over June 24, 2021 Impact investing, the strategy to make financial profits but create a long-standing, positive impact on our world, in the process, is becoming increasingly ‘a thing’ in the City and other financial hubs around the world. Many investors are hyper-aware of what is happening around them, with factors such as corporate social responsibility (CSR) making a [...]
Shares fly at London-listed DeepVerge as Covid-19 detection tech passes trials June 24, 2021 London-listed scientific research group DeepVerge has said today its wastewater Covid-19 detection technology has successfully completed trials. The news sent the group’s shares flying this morning, rocketing 7.81 per cent and lifting its share price to 34.5p per share. The Covid-19 detection tech, known as Microtox, offers another string to the UK and the rest [...]