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Tuesday newspaper round-up: Netflix, Crossrail, British Airways, NMC Health

Tue, 23rd Nov 2021 07:30

(Sharecast News) - The economic fallout from the coronavirus pandemic has made Britain's workforce smaller, younger and more female after a sharp rise in people leaving work during lockdown, according to a report. The Resolution Foundation said that while mass unemployment had been avoided during the Covid-19 emergency, there had been an increase in people who had exited the workforce and were no longer looking for a job. - Guardian
Netflix has bought Scanline, the visual effects company that has worked on films and television series including Game of Thrones, Zack Snyder's Justice League and Stranger Things. It is the US streaming service's first deal to take control of a major player in the in-demand special effects industry. - Guardian

As Crossrail's "dress rehearsal" begins, housing markets nearby to its stations are set to emerge as winners after years of delays and a budget far overrun. Despite uncertainty over when the new rail line across London might materialise, buyers of property along the route say their investment has paid off as Crossrail proves a boon for less affluent suburbs home to commuters wanting a faster journey to work and more bang for their buck. - Telegraph

Angry customers have bemoaned fresh IT failures at British Airways after its loyalty website was offline for well over a week. The airline said earlier this month that its Executive Club website would be unavailable between 13 and 17 November to carry out "essential improvements". - Telegraph

Atom Bank is moving staff to a four-day week with no loss of pay, making it the biggest UK employer so far to shift away from the traditional five-day week. The smartphone-based bank, which employs 430 people, is moving most staff from a 37.5-hour working week spread over five days to a 34-hour week over four days, for the same monthly pay. Staff are now encouraged to work "core hours" of 9.30am to 4.30pm Mondays to Thursdays, with those who choose to switch from a five-day week to a four-day week seeing their daily hours lengthened from 7.5 hours to 8.5 hours. - The Times

The administrator of NMC Health, the former FTSE 100 private hospitals company embroiled in a "massive" fraud scandal, has generated more than £70 million in fees. Alvarez & Marsal has incurred fees of $69.4 million, or about £51 million, since it was appointed administrator of NMC Health's group operating companies in the United Arab Emirates in September last year and £21.6 million since it was appointed administrator of the plc entity in the UK in April last year, latest filings show. - The Times

More News

LIVE MARKETS-Baby and bath water both tossed

* Major U.S. indexes close sharply lower; Nasdaq ends down ~2.7%* Comm svcs weakest major S&P sector; staples edges into green* Dollar, crude, gold, bitcoin all lower* U.S. 10-Year Treasury yield ~1.76%Jan 21 - Welcome to the home for real-time cov...

21 Jan 22 21:20

FOREX-Dollar dips with U.S. Treasury yields but still up for week; bitcoin falls

(Updates to late New York trading) By Caroline Valetkevitch NEW YORK, Jan 21 (Reuters) - The dollar declined on Friday, along with U.S. Treasury yields, while investors looked ahead to next week's Federal Reserve meeting for more clarity ...

21 Jan 22 20:57

FOREX-Dollar dips with U.S. Treasury yields but still up for week; bitcoin falls

(Repeats to change to UPDATE 5 in slug) By Caroline Valetkevitch NEW YORK, Jan 21 (Reuters) - The dollar declined on Friday, along with U.S. Treasury yields, while investors looked ahead to next week's Federal Reserve meeting for more cla...

21 Jan 22 20:57

GLOBAL MARKETS-Bond yields tumble as Netflix fuels stock market sell-off

(Adds gold, oil settlement prices)* Stocks drop in Europe, Asia after Wall Street sell-off* Oil prices fall further away from 7-year highs* Treasury yields drop as investors seek safety* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn* Gra...

21 Jan 22 20:25

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