Financial sector

City of London buys into new Dorset solar farm to help power Square Mile

November 18, 2020

City Corporation signs £40m deal with French renewables firm Voltalia to ensure green energy supply The City of London last month set out new climate targets to become carbon neutral by 2040. Photograph: Dan Kitwood/Getty Images Thousands of solar panels in the Dorset countryside will soon help power Britain’s historic financial centre under a new […]

Read More

PwC and Schroders will allow staff to work from home after Covid crisis

August 17, 2020

PricewaterhouseCoopers and Schroders are to allow the majority of staff to continue to work from home after the Covid-19 pandemic as the health emergency prompts a major shift in the office-based culture that has been a hallmark of City firms for generations. The accounting company PwC, which employs 22,000 staff in the UK, is predicting […]

Read More

Tale of two Cities: FTSE 100 rises despite economic collapse

August 15, 2020

London’s financial centre. Never has the disconnect between financial trading and economic fundamentals appeared so extreme Photograph: James Veysey/Rex/Shutterstock The economic collapse in Britain during the second quarter of 2020 was the most brutal on record. Unemployment is forecast by the Bank of England to soar to 2.5m by Christmas. The Brexit cliff edge approaches. […]

Read More