Lehman lives: Administrators approach the end of the road a decade on September 13, 2018 It is known as one of the biggest corporate collapses ever, so it will probably surprise some people that Lehman Brothers still employs a significant number of people. The firm still occupies office space in Citi’s headquarters in Canary Wharf, after moving out of 25 Bank Street in 2009, as the more than decade-long task [...]
Mike Ashley must end the Sports Direct clowning if he is to be the high street’s hero September 13, 2018 Emptying his pockets of wads of £50 notes at a security check, telling a select committee about vomiting in a fireplace at board meetings – Sports Direct boss Mike Ashley is clearly not afraid of theatre. Against type, he has now chosen to play the part of white knight of the high street, but yesterday’s [...]
Mike Ashley must end the Sports Direct clowning if he is to be the high street’s hero September 13, 2018 Emptying his pockets of wads of £50 notes at a security check, telling a select committee about vomiting in a fireplace at board meetings – Sports Direct boss Mike Ashley is clearly not afraid of theatre. Against type, he has now chosen to play the part of white knight of the high street, but yesterday’s [...]
Sadiq Khan and the City of London corporation have promised to fight for the rights of City businesses to access customers in the EU June 26, 2016 The Mayor of London has vowed to fight for the City's access to Europe's single market, including vital rights estimated to be worth billions to UK-based institutions. Sadiq Khan last night told City A.M. the loss of passporting – the system that allows UK-regulated banks to operate across the European Union – would be “a disaster”. [...]
The City’s Pret employees celebrate £1,000 bonus after JAB Holdings takeover May 29, 2018 Pret A Manger employees in the City today celebrated news that they would be receiving a £1,000 bonus after the company announced it will be acquired by German conglomerate JAB Holdings. “I only just heard,” said Mohamed Naim, 19, who works at a store on Fenchurch Street. “I still can’t believe it. It’s a bit [...]
From pay gaps to personal data, the public wants business to use its voice September 3, 2018 For generations, good business has been seen as the very foundation of prosperity, job creation, and delivering products and services that improve all our lives. But today business is facing some fundamental questions about its role in society. Is it a solution for or a driver of inequality? Should its voice be heard on the [...]
City Moves for 14 September 2018 – who’s switching jobs at European Vacation Rentals, CBRE and QualiTest? September 14, 2018 Today’s City Moves cover tourism, property and software. Take a look at these movers and shakers: European Vacation Rentals Henrik Kjellberg, former president at Expedia, has been appointed group chief executive of the European Vacation Rentals business acquired by Platinum Equity from Wyndham Worldwide earlier this year. Henrik has spent more than 20 years working [...]
City Moves for 14 September 2018 – who’s switching jobs at European Vacation Rentals, CBRE and QualiTest? September 14, 2018 Today’s City Moves cover tourism, property and software. Take a look at these movers and shakers: European Vacation Rentals Henrik Kjellberg, former president at Expedia, has been appointed group chief executive of the European Vacation Rentals business acquired by Platinum Equity from Wyndham Worldwide earlier this year. Henrik has spent more than 20 years working [...]
LGIM reported to FCA over ‘compliance and risk failings’ by whistleblower July 31, 2018 Legal and General Investment Management (LGIM) has been reported to regulators by a whistleblower over allegations of multiple failures in its risk management processes. At least three employees have reported the fund management house to the Financial Conduct Authority (FCA), the Financial Times reported. One of the whistleblowers' complaints said the culture of LGIM had [...]
The great TV robbery: How the world’s biggest sports broadcaster lost $1bn to a brazen campaign of piracy December 13, 2018 Imagine you’ve had something stolen. But this isn’t a conventional theft: you know who did it, how they did it, where they are – and you can prove it. It isn’t a one-off theft, but rather a never-ending succession of offences which the perpetrator does nothing to hide. Instead they taunt you frequently by flouting [...]