Giro d’Italia chief wants cycling rule change to avoid repeat of Chris Froome saga May 3, 2018 Cycling must change its rules to avoid a repeat of the Chris Froome saga or risk further damage to the sport, says the boss of the Giro d’Italia. Froome is among the riders set to begin the Giro on Friday despite his anti-doping case remaining unresolved – more than seven months after a sample the [...]
Barclays Africa sacks KPMG amid allegations of links to South African corruption scandal May 3, 2018 Barclays Africa today withdrew its recommendation to reappoint KPMG as one of two joint auditors. The move is the latest chapter in a saga which has seen the Big Four accountant’s South African arm become embroiled in a conduct scandal. In mid-April South Africa’s auditor general stripped KPMG of all its central contracts amid allegations [...]
RBS is closing 162 branches resulting in 800 job losses as more customers opt for mobile banking May 1, 2018 The Royal Bank of Scotland (RBS) is closing 162 branches and cutting nearly 800 jobs after a review of its network in England and Wales, noting that an increasing number of customers were using branches less often and using mobile banking. It said the branch closures will result in 792 roles being made redundant and [...]
Markets are expecting 84% UK interest rate rise in May, BofE Governor Mark Carney threw spanner in the works suggesting they won’t rise after all April 23, 2018 The Bank of England’s long-running “will they, won’t they” saga took an interesting and somewhat unexpected turn last week. With markets pencilling in an 84 per cent likelihood of a UK interest rate hike in May, the Bank’s Governor Mark Carney decided to throw a spanner in the works by suggesting that rates may not [...]
Topshop boss Sir Philip Green takes no responsibility for BHS pension saga April 15, 2018 The previous owner of retail firm BHS Sir Philip Green has said that he regrets the decision to sell the chain to serial bankrupt Dominic Chappell, but that attacks on him as a result were fuelled by jealousy of his success and wealth. When asked if any of what happened as a result of the [...]
Saga share price rises on better-than-expected results April 12, 2018 Insurance and travel company Saga has seen its share price rise after delivering a better-than-expected set of results this morning. The over 50s holiday and insurance company had issued a profit warning in December after the collapse of Monarch Airlines which had affected its tour operations business. In its preliminary results for the year to [...]
Uber appoints two new non-executive directors in board shakeup April 6, 2018 Uber has appointed former travel head of Acromas Susan Hooper and media entrepreneur Roger Parry as non-executive directors to its UK boards. Hooper, who currently holds a number of non-executive roles on the boards of Wizz Air, the Department for Exiting the European Union, the Rank Group and Affinity Water, was previously the chief executive [...]
The government’s pride over the Companies House saga completely misses the point | City A.M. April 5, 2018 As headlines go, this one – “Famous names falsely registered as directors at Companies House” – is hardly up there as the most striking. The article told how businessman Kevin Brewer became the first person to be successfully prosecuted for false filings with the Companies House platform. It disclosed how in 2013 he incorporated John [...]
Legal boss sent sexually explicit messages to woman he approached as part of Christian outreach programme March 22, 2018 The boss of one the world’s largest law firms by revenue resigned this week after engaging in “communications of a sexual nature” with a woman he approached as part of a Christian outreach programme. Bill Voge, the chair of US law firm Latham & Watkins, resigned the from the $3bn (£2.14bn) firm this week as [...]
Hollywood’s Michael Sheen warned home credit crusade could force millions of Brits into the hands of illegal loan sharks March 22, 2018 Britain’s second-biggest sub-prime lender today hit back at Welsh Hollywood star Michael Sheen and his crusade to clamp down on the home credit sector. The End High Cost Credit Alliance, founded by the star of Alice in Wonderland and the Twilight Saga, is campaigning for “a fair, affordable credit product”. High cost credit is unfairly [...]