Lloyd’s of London set outs electronic modernisation drive September 30, 2019 Lloyd’s of London has unveiled plans for an electronic risk exchange as part of a sweeping company overhaul aimed at modernising the 331-year-old marketplace. The historic insurance group, which has faced growing calls to revamp both its business model and its culture in recent months, has vowed to deliver a series of “early quick wins” [...]
DEBATE: Was MacDonald’s right to sack its chief executive for a consensual relationship with an employee? November 6, 2019 Was MacDonald’s right to sack its chief executive for a consensual relationship with an employee? Martin Townsend, a partner at communications consultancy Pagefield, says YES. “You can’t help who you fall in love with” is one of the great romantic clichés. Unfortunately, if you are the £12.3m-per-year boss of McDonald’s, this is not an excuse [...]
General Election 2019: Labour promises ‘workplace revolution’ November 7, 2019 Labour will tomorrow promise a “workplace revolution”, as part of a radical step-change in how women are treated as work. Shadow women and equalities secretary Dawn Butler will set out how a Labour government will create a ‘Workers’ Protection Agency” that would have the power to fine firms for failing to report or tackle their [...]
Nicola Sturgeon faces calls to resign over Alex Salmond revelations March 3, 2021 Scotland’s First Minister Nicola Sturgeon is facing calls to resign amid claims she lied to Parliament over her involvement in the Alex Salmond saga. The Scottish government has published emails showing it continued a doomed legal fight with Salmond despite lawyers saying it was likely to lose. In a devastating blow before her appearance at [...]
Walmart faces challenge over executive pay and harassment policy May 27, 2019 Asda owner Walmart is facing pressure to make changes to its executive pay and sexual harassment policy as two proxy advisers recommended shareholders vote against the company at its annual meeting next week. Glass Lewis has recommended that shareholders vote against the retail giant’s executive pay proposals, saying “overall, the company paid more than its [...]
Campaigners hail milestone as FTSE boards hire most women in 450 years October 2, 2019 City grandee Dame Helena Morrissey has hailed an effort to bring more women onto the boards of London’s quoted companies as the FTSE 350 hit a major milestone. For the first time in its nearly 450-year history the exchange’s top companies have boards where 30 per cent of the members are women. Read more: Diversity [...]
Lloyd’s of London profits rise to £2.3bn September 18, 2019 Lloyd’s of London has reported pre-tax profits of £2.3bn for the first six months of 2019. The historic insurance market’s profits before tax climbed from £600m in the previous year, with boss John Neal citing “increased discipline” for the rise. Neal said: “It is encouraging that the Lloyd’s market is showing increased discipline in 2019 [...]
Labour ‘parachute’ row over Cities candidate selection November 6, 2019 LABOUR’S candidate for the prized Cities of London and Westminster seat has come under fire from critics who claim the party parachuted him in, despite ongoing questions about his role in the party’s anti-Semitism scandal. Gordon Nardell QC’s candidacy was announced on Tuesday afternoon, having been selected by a panel that included figures from Labour’s [...]
Lloyd’s of London brings in Banking Standards Board to conduct independent review May 12, 2019 Lloyd’s of London has commissioned an independent review into its workplace culture following allegations of sexual harassment and bullying. The insurance market has asked the Banking Standards Board to conduct a market-wide investigation beginning tomorrow. Read more: Lloyd's of London warns drunk employees could face disciplinary action A survey will be given to about 45,000 [...]
‘Sobering and devastating’: Lloyd’s of London bosses speak out on sexual misconduct claims September 18, 2019 Top bosses at Lloyd’s of London have expressed deep regret over a swathe of sexual misconduct allegations that have blighted the historic insurance market’s reputation. The chairman and chief executive of Lloyd’s both said this morning that revelations of sexual harassment and assault against women at the firm had been devastating. Chairman Bruce Carnegie-Brown told [...]