Shareholder anger spills over at Lloyds AGM as Noel Edmonds crashes the bank’s house party May 25, 2018 Lloyds Banking Group stole the title of the year’s most dramatic AGM yesterday, as investors took the lender’s board to task and TV personality Noel Edmonds made a vocal appearance. The meeting began with one angry shareholder accosting Lloyds’ chairman Norman Blackwell, shouting: “You’re a liar and a cheat.” Hostile exchanges followed between management and [...]
Wealth managers are worried they’re failing to serve the world’s richest women, according to Orbium research April 23, 2018 A huge majority of wealth management bosses believe that the needs of high-net-worth and billionaire women are not being met, according to new research. The fast-growing number of women with wealth has caught firms on the hop, a study from wealth management technology firm Orbium showed after interviewing 50 chief executives of private banks and [...]
Tinder is carrying out a huge company-wide review to close the gender pay gap March 7, 2018 Dating app Tinder said today it will be carrying out a comprehensive review of its compensation structure to assess any pay discrepancy and tackle the gender pay gap. The firm said that it was “determined to play a bigger role in the fight for gender parity in the workforce”, so had commissioned a global consulting [...]
Carillion collapse puts hundreds of jobs at risk as first major supply-chain firm faces administration March 23, 2018 Hundreds of jobs have been put at risk after a Carillion supplier today prepared to call in administrators. Vaughan Engineering, a family-owned company founded in 1955, is set to be Carillion's first major supply chain casualty. Some 160 staff across Vaughan's Edinburgh, Warrington and Newcastle offices are facing redundancy. The firm employs around 500 people [...]
Maplin has collapsed putting 2,500 jobs at risk February 28, 2018 Maplin has collapsed this morning, with PwC set to handle the administration, after sale talks broke down with a potential buyer. The retailer’s private equity owner Rutland Fund Management was in talks with Edinburgh Woollen Mill about a sale, but talks have collapsed, putting thousands of jobs at risk. Read more: The rescue buyer which [...]
Focus On Borough: Huge change is coming to the ancient part of central London. Is it time to buy? October 19, 2018 In many ways, Borough is typical of London. Some parts of it are eye-wateringly old, like foodie haven Borough Market, which celebrated its 1,000th birthday this year. Other parts are tediously touristy, like London Dungeons. Other parts are so recharged, they’re unrecognisable, like Hays Galleria or anything within 100m of The Shard. It’s a muddle, [...]
PwC auditors involved in the Best Picture mix up unlikely to work at the Oscars again March 2, 2017 The auditors behind the Oscars Best Picture mix-up will likely never tread the red carpet again, the president of the Academy of Motion Picture Arts and Sciences has said. PWC’s Brian Cullinan and Martha Ruiz will not reprise their starring roles administering the vote, Cheryl Boone Isaacs told the Associated Press. PWC could still lose [...]
Carillion cost: The government is paying millions of pounds a day to keep public sector projects going January 23, 2018 Hundreds of Carillion’s public sector contracts are costing the government millions of pounds in temporary funding every day, according to official statistics. Carillion’s failure just over a week ago prompted the government to step in and use Treasury funds to ensure public sector works continued. The failed contractor held 450 contracts with the UK government, [...]
After a bumpy end to 2017 what is the outlook for the London listing market in 2018? April 9, 2018 Nearly £3bn worth of initial public offerings (IPOs) were pulled in London at the end of last year. Deals that were announced but then failed to make it to market include debt collector Cabot Credit Management, professional services business TMF Group and phone mast company Arqiva. In the six months to December companies that had [...]
Housing reform is the only way to solve generational inequality May 10, 2018 This week, the Resolution Foundation published a report entitled A New Intergenerational Contract. The report, from the think tank’s Intergenerational Commission, found that millennials (born 1980-1996) are now half as likely to own a home at age 30 as baby boomers were. Four out of 10 millennials now rent privately at age 30 – double [...]