GSK snatches Julie Brown from Burberry’s top management September 24, 2022 GSK has reportedly snatched Burberry’s chief operating and financial officer Julie Brown. Sources told Sky News the £53bn pharmaceutical titan could appoint Brown as its chief financial officer as soon as Monday. The businesswoman in fact announced on Friday she would step down next year after six years at Burberry. Working alongside chief executive Dame [...]
Watford-born ex McDonald’s CEO charged with misleading investors after sacking over romance January 9, 2023 Former McDonald’s chief executive officer Stephen Easterbrook has been charged by US federal regulators with making false and misleading statements to investors about the circumstances of his firing by the burger giant. Mr Easterbrook, from Watford in Hertfordshire, was ousted in November 2019 for engaging in an inappropriate personal relationship with a McDonald’s employee in [...]
Mike Lynch and other missing yacht passengers feared dead August 20, 2024 The Italian coastguard has started its second day of searching for survivors of a sunken superyacht off the coast of Sicily, including the tech media mogul Mike Lynch and Morgan Stanley boss Jonathan Bloomer
Serco settles landmark lawsuit linked to overcharging scandal June 18, 2024 Serco Group has settled a landmark lawsuit with a group of institutional investors linked to a historic overcharging scandal.
OKX publishes proof of reserve results, and reveals $11.3 billion Bitcoin balance July 27, 2023 Crypto exchange OKX has published its monthly proof of reserves (PoR) to reveal a balance of $11.3 billion in Bitcoin.
City Moves: Who’s switching jobs in the Square Mile? December 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tikehau Capital Alternative asset manager Tikehau Capital has poached a director from consumer goods giant Unilever to co-lead its private equity regenerative agriculture practice. Laurent-David Charbit, who first launched his career in supply chains at Michelin before [...]
GSK sells £2.5bn worth of shingles vaccine to China’s Zhifei October 9, 2023 GlaxoSmithKline is to sell £2.5bn worth of shingles vaccine Shingrix to China’s largest vaccine supplier Zhifei with a goal to double its global sales for the British pharma giant by 2026. The partnership, which was announced today, will give Zhifei the rights to import and distribute the vaccine across 30,000 vaccination points, starting in January. [...]
Sadiq Khan announces London Policing Board to help scrutinise the Met September 22, 2023 The Mayor of London Sadiq Khan has said representatives from communities with “the lowest levels of trust in the Met” will help him scrutinise the force. The brother of Stephen Lawrence, who was killed in a racially motivated attack in 1993, Stuart Lawrence and retired Metropolitan Police officer Neil Basu are among those who have [...]
Trident Digital Group announces $8m seed funding round September 7, 2023 The Trident Digital Group has announced an $8m seed funding round co-led by New Form and White Star Capital, with participation from CMT Digital, Joint Effects, and Permit Ventures.
Government ‘does not have any spending plans’ after March 2025, OBR chief says November 28, 2023 MPs scrutinised the OBR after its latest round of forecasts.