Co-op Bank kicks off search for new boss to replace Niall Booker, update expected with tomorrow’s results March 31, 2016 The troubled Co-op Bank has begun its search for a replacement for its outgoing chief executive Niall Booker, with top bankers at Barclays and Santander already approached for the role. Stephen Jones, who stepped down as Santander UK's chief financial officer several months ago, and at least one internal candidate are thought to have been shortlisted. [...]
Another sign London’s ultra-high-end homes are losing their sparkle, as One Hyde Park designer Candy & Candy falls into a loss April 8, 2016 When the first homes were sold in 2012, its gleaming towers became the centre of a storm of criticism: now the interior designer behind controversial uber-prime residential development One Hyde Park have slumped into a loss. Figures filed with Companies House yesterday show interior designer Candy & Candy, which designed the communal areas and many of the apartments [...]
Take a look inside five of London’s £35m homes April 19, 2016 We all know there are people who are are happy to fork out vast sums of money to snap up tiny parts of London. Which is why we hear stories of a shack in Peckham selling for £1m, or a garage in Chelsea being snapped up for £360,000. But some – London's highest net-worth individuals – are prepared to stump up [...]
How traditional banks can keep ahead of their fintech noisy neighbours in innovation race May 16, 2016 There have been plenty of reports about fintechs being bad news for banks, but in actual fact they may be the best thing to happen to traditional banks and the banking sector for a long time. No, really. Many have warned that the introduction of digitally savvy options into the retail banking sector will prove [...]
Is Apple planning an iCar? Tim Cook hires Chrysler executive Doug Betts as it eyes Tesla, Google and Uber over electric cars July 21, 2015 Not content with taking over our ears (Apple Music) and wrists (Apple Watch) this year, Apple may now have its sights set on taking over our roads. Tim Cook has hired the an executive from Chrysler, fueling speculation that there may be an iCar coming down the road. Doug Betts, a former senior vice president [...]
Signs of life in London’s flotation market as firms consider IPO options May 3, 2016 There are signs of life in London's flotation market after a slow start to the year. Furniture retailer The Range and store card maker NewDay are both considering initial public offerings (IPOs), which could value each company at more than £1bn. Today, audio visual and document solutions distributor Midwich announced it had raised £75m through a [...]
Maaxi takes to the road in Uber fight April 14, 2015 A NEW mobile phone app, backed by financier Nat Rothschild (pictured, right), will launch today with the intention of allowing black cabs to take on the might of tech giant Uber. Maaxi aims to turn iconic London taxi cabs into a form of public transport, with users linking up to share cab rides.
Uber’s finance chief Brent Callinicos is leaving the taxi startup March 16, 2015 Uber’s finance chief Brent Callinicos is driving off into the sunset and leaving one of the most highly valued tech startups in the world in the rear-view mirror. The former Google executive who has been with Uber for less than two years will stay on as an advisor, chief executive Travis Kalanick told investors. “Almost [...]
Is Uber planning an on-demand service for luxury shopping deliveries? April 29, 2015 Uber could be delivering more than just people from A to B: the controversial taxi app is said to be eyeing a move into shopping deliveries. Not just any kind of delivery, though – Uber doesn't want to be the next Ocado. It wants to deliver luxury brands such as Louis Vuitton, Tiffany's, Hugo Boss [...]
Revenue jumps at advertising giant WPP following battle over Sir Martin Sorrell’s £63m pay deal April 28, 2016 Revenue spiked at advertising giant WPP in the first three months of the year, jumping 10.5 per cent to £3.1bn, well above forecasts off the back of strong performance in North America. The figures Reported revenue climbed 10.5 per cent in sterling terms to £3.1bn. On a constant current basis, revenue was up nine per cent [...]