Saga appoints ex-Superdry boss Euan Sutherland to CEO role December 11, 2019 Over-50s insurer Saga has found a new chief executive in the former boss of Superdry, Euan Sutherland. Sutherland will start at Saga on 6 January, replacing retiring boss Lance Batchelor, who will leave the business at the end of January. Read more: Saga could sell care operations under Elliott break-up threat Sutherland recently quit the [...]
Energy crisis: Can someone shine a light on the Bulb takeover deal? February 6, 2023 Octopus' takeover deal for Bulb is set to cost the taxpayer much less than originally feared, but the deal remains shrouded in secrecy.
Saga to sell care operations under Elliott break-up threat December 8, 2019 Travel and insurance company Saga today put its care business up for sale, under pressure from activist US hedge fund Elliott Advisers. The FTSE 250 firm is working with accountants Grant Thornton on the sale of live-in care brands Patricia White’s and Country Cousins, which brought in £4m in revenue last year and have 1,500 [...]
Netflix revenue forecast for growth despite encroaching competition January 16, 2022 Netflix’s revenue has been forecast for growth this week, despite its share price tumbling from its record high in November. Revenue is expected to come in at $7.7bn, according to chief market analyst at CMC Markets Michael Hewson, after the streaming giant secured $7.4bn in its third quarter. However, profits are anticipated to be lower, [...]
Partygate: Minister says people want ‘professionalism and competence’ from government May 31, 2022 Brits need to see the government display “professionalism and competence” in the wake of the partygate scandal, trade minister Penny Mordaunt has told City A.M. Mordaunt, who was touted in January as a potential future Tory leader, said “the really essential issue [about the Gray report] is about our ability to restore trust” and to [...]
Minister backs ban on MPs having second jobs after Paterson scandal November 8, 2021 Government minister Anne-Marie Trevelyan has come out in support of a ban on MPs taking on consultancy work ahead of today’s emergency debate. The international trade secretary said she would support a rule change being mulled by the Commons standards committee which would bar MPs from paid lobbying on behalf of commercial interests. The comments come [...]
Downing Street parties scandal: Boris Johnson ‘going nowhere’, say ministers January 11, 2022 Boris Johnson is “going nowhere” and will not consider resigning over the Downing Street parties scandal engulfing him, the government has said. Johnson’s position is coming under increasing pressure, after a leaked email from a senior civil servant last night revealed Downing Street had a lockdown-busting “bring your own booze” party on 20 May, 2020. [...]
Elon Musk’s Twitter deal will spur on efforts to censor online speech – not halt them April 28, 2022 If Twitter turns into a free speech-centric platform, lawmakers and regulators will be emboldened to take greater action against offensive content. On Monday, Twitter accepted Elon Musk’s offer to purchase the social media site for $54.20 per share, a move that will take the company private and enable the tech billionaire to incorporate his own [...]
Yorkshire suspended from hosting England matches over race fallout November 4, 2021 Yorkshire County Cricket club (YCCC) have been suspended from being able to host international matches, the England and Wales Cricket board (ECB) announced yesterday. In response to Yorkshire’s handling of the Azeem Rafiq race report, the ECB have said financial sanctions may be considered as well as any future consideration for the Headingley Stadium to [...]
Mode CEO quits following controversial Bitcoin cashback announcement January 20, 2022 The chief executive of UK fintech Mode has resigned two months after the company faced backlash for a controversial announcement.