NMC Health administrators appoint new board of directors April 13, 2020 NMC Health’s administrators have replaced the board of the scandal-hit healthcare chain in a bid to improve governance. Consultancy firm Alvarez and Marshal have dismissed the previous board and replaced them with four non-executive directors to “provide more robust governance and oversee the work with the management teams”. Alvarez and Marshal were appointed as administrators [...]
Ryanair’s ‘abusive’ hand luggage fee banned by Spanish court November 20, 2019 Ryanair’s policy of charging customers for hand luggage has been ruled “abusive” by a Spanish court, and subsequently banned in the country. The charge, introduced last year, forces passengers to pay an extra fee if they want to bring anything more than one personal item into the cabin. Read more: Ryanair ‘saving millions’ in unclaimed [...]
Noel Quinn made HSBC chief executive on permanent basis March 17, 2020 Banking giant HSBC has confirmed that interim chief executive Noel Quinn will take up the post permanently with immediate effect, bringing to an end a six-month external search. In August last year chairman Mark Tucker ousted chief executive John Flint over an alleged argument about how fast the bank should have been hitting its targets. [...]
Legal firms call for reform of Serious Fraud Office after ex-Barclays execs acquitted February 28, 2020 Law firms have called for reform of the Serious Fraud Office (SFO) today after three former Barclays executives were cleared of financial crisis-era fraud to save the bank. Roger Jenkins, Thomas Kalaris and Richard Boath were all acquitted of charges of conspiracy to commit fraud by false representation in connection with the 2008 Qatar fundraisings. [...]
Facebook’s transfer of EU citizen data to US legal, says EU court adviser December 19, 2019 Tools used by hundreds of thousands of companies to transfer EU citizens’ data abroad are legal, an adviser to Europe’s top court has ruled, marking a major win for Facebook in a long-running court case. Austrian privacy campaigner and lawyer Max Schrems had challenged Facebook over its use of standard contractual clauses to move electronic [...]
Shoe Lady at Royal Court review: Surreal, strange story fails to sweep us off our feet March 16, 2020 The IT Crowd’s Katherine Parkinson stars as Viv, or Shoe Lady, in E.V. Crowe’s latest piece at the Royal Court. The premise is simple but effective; lady has two shoes; lady loses one shoe; lady realises how much lost shoe stands for; lady tries to live without lost shoe but cannot. Shoes, of course, come [...]
Michael Gove: Brexit deal can be struck if EU loses its ‘ideological fastness’ May 19, 2020 Michael Gove has said a zero tariff, zero quota trade deal can be done with the EU if its negotiators shed their “ideological fastness” during talks. The Cabinet Office Minister updated MPs today on Brexit trade negotiations, claiming the EU “wants us to obey the rules of their club, essentially, even though we are no [...]
Construction disputes rise as Carillion fallout continues to hurt industry December 5, 2019 The number of construction disputes in the High Court has increased in the last year, as contractors struggle with tougher trading conditions, according to research. The UK’s specialist Technology & Construction Court (TCC) heard 397 construction related disputes in the year ending 30 June, the third consecutive annual rise. Read more: Reforming public procurement can [...]
Furious UEFA warns clubs: Join European Super League and we will ban you and your players April 20, 2021 UEFA president Aleksander Ceferin has warned the football body is working to ban breakaway European Super League clubs and their players from its competitions “as soon as possible” and urged domestic leagues to follow suit. Twelve clubs, including the Premier League’s so-called ‘big six’, are part of plans which would fundamentally alter the shape of [...]
Unicredit’s Mustier rules himself out of running for HSBC role February 24, 2020 Unicredit chief executive Jean Pierre Mustier has ruled himself out of the running to be the next boss of HSBC, as the hunt to find a leader for Europe’s largest lender enters its seventh month. Italy’s biggest bank said this morning that Mustier had confirmed he would remain in role, following reports last night [...]