Ted Baker share price crashes as bosses quit after profit drop December 10, 2019 Ted Baker’s share price plummeted to a 16-year low this morning after two executives quit, plunging the stricken retailer further into crisis as it slashed its profit forecast and suspended its dividend. Shares dropped as much as 35 per cent in morning trading following the departure of chief executive Lindsay Page and executive chairman David [...]
Ted Baker shares soar as Ray Kelvin considers backing buy-out July 22, 2019 Shares in Ted Baker soared this morning following reports that the luxury retailer’s founder Ray Kelvin would back a private equity buyout of the firm, months after he resigned amid allegations of sexual harassment. The retailer’s share price was up more than 15 per cent after it was reported that Kelvin had made enquiries about [...]
Google employee who led walkout leaves firm following retaliation claims July 16, 2019 Google employee Meredith Whittaker, who led global staff walkouts over the tech giant’s sexual harassment policy, has left the company following allegations of a backlash against the protest’s organisers. Read more: Google workers listen in on private conversations via smart speakers Whittaker, who specialised in AI and founded the company’s Open Research Group, was a [...]
Lloyd’s of London ramps up modernisation drive as it hits electronic trading target August 12, 2019 It is one of the oldest institutions in the City, but there are signs of modernisation at Lloyd’s of London. The historic specialist insurance market has hit a milestone after completing over 50 per cent of its under-writing deals electronically, meeting a target it set itself for the second quarter of this year. For more [...]
Former Tory MP Charlie Elphicke jailed for two years for sexual assault September 15, 2020 Former Conservative MP Charlie Elphicke has been jailed for two years for sexually assaulting two women. Elphicke, who previously served as MP for Dover, was convicted of committing the first offence against one woman in 2007 and two further offences against a second woman in 2016. He denies the charges but was found guilty on [...]
London Metal Exchange introduces alcohol ban on trading floor June 14, 2019 The London Metal Exchange (LME) has introduced an alcohol ban on its trading floor in the latest move to overhaul its workplace culture. Staff working on the trading floor, or the “Ring”, will be banned from being under the influence of alcohol while at work. Traders set global prices for metals at the 142-year-old exchange. [...]
Insurance industry wrestles with diversity deficit September 23, 2019 It is fair to say the insurance industry has not had the best year reputation-wise. In March an explosive Bloomberg story lifted the lid on a culture of drinking and sexual harassment at Lloyd’s of London – the beating heart of the UK’s insurance industry. Tomorrow, Lloyd’s chief executive John Neal will unveil a report [...]
Lloyd’s of London partners with the Met to urge staff to become special constables to ‘manage difficult situations’ April 18, 2019 Insurance market Lloyd’s of London has partnered with the Metropolitan Police to encourage employees to become special constables. The 330-year-old market – embroiled in a sexual harassment scandal – has pledged to allow staff to volunteer on the streets of London during working hours. Read more: Lloyd's of London will ban drunk staff from the [...]
Lloyd’s of London loses £1bn in year of natural catastrophes as it grapples with harassment scandal March 27, 2019 Insurance market Lloyd’s of London, currently embroiled in a sexual harassment scandal, said today it had made a loss of £1bn for 2018. Lloyd’s said it paid £19.7bn in claims last year, leading to an aggregate loss of £1bn, down from £2bn the year previously. The exchange had gross written premiums of £35.5bn last year, [...]
Social media giants could face heavy fines for failing to protect users under new draft legislation May 12, 2021 Ofcom will be given the power to fine companies up to £18m or 10 per cent of annual global turnover for failing to comply with rules published today in a new draft online safety bill. The government has published a new draft bill that will see more stringent rules put in place around social [...]