NEWS DIGEST 19.06.2021: UK workers reluctant to go back to full-time office weeks, other business/crypto news

Hi everyone! Today’s news comes from NewsNow.

A survey of 1,022 UK workers, has revealed that nearly three quarters of UK workers would accept a reduction in pay in return for being able to work remotely permanently. Only 15% of UK workers who have been working remotely during the Covid-19 pandemic want to return to the workplace full-time. Of workers who are expecting to continue working remotely on a full-time basis, 43% would prefer to be able to return to the workplace either some or all of the time. UK bosses have a lot of work to do to reassure and safeguard the welfare of their employees if they want them to return to the workplace. 75% of workers said that they are somewhat or very concerned for their welfare with regards to Covid-19 if they are required to return to the workplace in some capacity – ONLY 15% OF UK WORKERS WANT TO RETURN BACK TO THE OFFICE FULL-TIME (HRD theHRDIRECTOR)

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Tesco has said it is pleased with how it is currently performing in Ireland despite the supermarket giant’s first quarter figures showing a 6% drop in Irish-based sales. Tesco Ireland generated sales of £641m during the three months to the end of May. That was down by 6.1% on a year-on-year basis, but up 13% when measured against pre-pandemic levels in the first fiscal quarter of 2019. “I am pleased with the performance of the business during the first quarter of 2021, where we continued to face further challenges brought on by Covid-19,” said Tesco Ireland chief executive Kari Daniels. In its quarterly update, Tesco said its sales decline in the Republic reflects an “exceptionally strong performance last year”, while growth seen last year reflected an earlier lockdown period and a higher conversion of out-of-home consumption. On an overall group basis, Tesco said it grew first quarter sales by 1%, year-on-year, to £13.4bn. Against the first quarter of 2019, group retail grocery sales were up by over 8%. Group chief executive, Corkman Ken Murphy, said management remains upbeat regarding this year’s prospects. New figures show British retail sales fell last month as the lifting of lockdown restrictions resulted in people spending more money in restaurants and bars than in shops – Tesco still pleased with trading levels in Ireland despite 6% sales decline (Irish Examiner Business)

Reaction to any positive news, or tweets, is now more muted than before and the market looks set to fade lower still. Eyes now turn to recent support levels to see if they hold otherwise, the bears will continue to press the market lower. Bitcoin’s continues to fade lower after running into resistance just under $42,000 earlier in the week. Support levels around $35k and $32.5k before $31k and the important $30k. As always, weekend-thinned markets leave the cryptocurrency market vulnerable to sharp moves – Bitcoin (BTC): Short-Term Support Under Threat as Positive Sentiment Wanes (Daily FX)

The bank’s most recent move towards achieving this is its partnership with Mike Novogratz’s Galaxy Digital, which will allow the company to start offering Bitcoin futures. Goldman Sachs’ head of digital assets for the Asia-Pacific region, Max Minton, said that the decision to bring Bitcoin futures came in order for the bank to provide assets that its clients are actually interested in. Previously, the bank established a crypto trading desk, and soon after that, it made an announcement about debuting ETH options and futures contracts. Of course, the demand for crypto on Wall Street already exists, and Goldman will be only the first bank to start working with digital currencies. There are already several banks that are more than just interested – they actually already announced plans to bring their own trading desks – Goldman Sachs teams up with Galaxy Digital to bring Bitcoin futures trading (invezz News Cryptocurrency)

Summarised with SMMRY.

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