A small number of London-based derivatives traders at Goldman Sachs are to move to Milan in a further sign of the steady trickle of City workers relocating into the European Union following Brexit. The changes to Goldman’s euro swaps trading desk will further boost the Wall Street bank’s presence...
Two new surveys have recorded sharp falls in business confidence as the uncertain economic outlook causes companies to become more pessimistic. The latest Lloyds Bank Business Barometer found that confidence among businesses fell by 5 points to 10 per cent in November, the weakest since February 2021, and economic...
Mortgage borrowing fell to its lowest level in nearly a year last month as the market turmoil after the government’s mini-budget caused a steep rise in borrowing costs, according to new data. Credit figures from the Bank of England for October showed a 0.25 percentage point rise in the...
BT has offered the majority of its staff an extra £1,500 pay rise on top of an increase in April, bringing to an end a bitter pay dispute that led to the company’s first strikes in 35 years. Staff earning £50,000 or less will receive the £1,500 pay increase...
The UK’s biggest broadband and mobile operators have today met with the government to follow up on commitments agreed in the summer to support customers with the cost of living. Digital minister Julia Lopez called together leaders from the telecoms sector – including BT, Virgin Media, O2, Sky, Vodafone,...
With a status cemented as a gold standard eco-credential, B Corp may be widely lauded in the business community as a benchmark of good practice, but not everyone is convinced. “Even if every business became B Corp certified would the world really be any different? Would we have a...
New research finds 76% of UK gig workers struggle to gain access basic financial products. Rollee, a fintech start-up providing secure and consented access to income data, today reveals that over three quarters of UK gig workers surveyed struggle to gain approval from financial institutions to access financial products such as...
The World Economic Forum has estimated that 150 million new technology jobs will be created globally over the next five years, and 77% of all jobs will require digital skills from workers by 2030. However, businesses currently face a global shortage of digital skills, with only 33% of technology...
The government will spend an extra £1bn to insulate the least energy-efficient homes in the UK, the business secretary has announced. Grant Shapps said the new Eco+ scheme was aimed at middle earners who do not benefit from any other government support to upgrade homes. Labour criticised it as a...
Primark has announced a £140m investment leading to the opening of four new shops and the creation of at least 850 jobs. The retailer said it plans to make the investment over the next two years in its UK operations. As part of that investment, the company said “at least”...