Hammerson allows chief a long goodbye despite big wrong calls

The property industry is a comfortable world of long tenures and long goodbyes. So it is that David Atkins, chief executive of Hammerson, can announce his departure sometime before next spring while his chairman, David Tyler, offers cheery slaps on the back for 10 years of terrific work. In most other industries, the duo would have been ushered out after […]

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askST: Safety measures a must for companies allowed to start from Tuesday

Q: Are Safe Management Measures mandatory and who should implement them? A: Yes, it is a must for all businesses to put in place Safe Management Measures to provide a safe working environment for employees and prevent Covid-19 transmission at the workplace before they resume on-site operations on June 2. Businesses must comply with the requirements for Safe Management Measures […]

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UK sells government bond with negative yield for first time

Britain has sold a government bond with a negative yield for the first time after plunging inflation raised the prospect of the Bank of England cutting official interest rates below zero. In a development that effectively means investors have to pay to lend money to fund the government’s response to the Covid-19 pandemic, investors bought gilts knowing they would get […]

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UK unemployment rate is set to rocket, even with the furlough scheme

Britain’s labour market has been paralysed by the Covid-19 lockdown but you would never know it from government figures showing employment at a record high and the jobless rate below 4%. Benjamin Disraeli was right on the money when he said there were three kinds of falsehoods – lies, damned lies, and statistics. Rarely has the former prime minister’s dictum […]

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BT reportedly starts talks to sell stake in Openreach

BT has reportedly started talks to sell a multibillion pound stake in Openreach, which runs the UK’s broadband network. Openreach, a subsidiary of BT that operates as a legally separate entity, has been the subject of rumours of interest from infrastructure and private equity investors for years. However, news of a potential sale of a stake comes a week after […]

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Cruise firm Carnival UK ‘to cut 450 jobs’ at Southampton HQ

Cruise company Carnival, which operates the P&O and Cunard lines, is understood to be planning to cut about 450 jobs at its UK arm, equal to more than one in four of its workforce. Carnival to resume cruises in August despite infections and deaths on ships The world’s largest cruise company employs about 1,600 people at its UK headquarters in […]

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