Crimes in parliament soar by almost 50 per cent in last two years July 1, 2019 Crimes committed within the parliamentary estate in Westminster have soared by almost 50 per cent in the last two years, according to new data revealed today. Among the most commonly committed offences were assault, robbery, blackmail and drug possession, figures Sky News acquired from the Metropolitan Police showed. Read more: Jeremy Hunt reveals no-deal Brexit [...]
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. [...]
Lloyd’s of London insurer opens investigation amid ‘fresh harassment claims’ June 11, 2019 Tokio Marine Kiln (TMK), one of the Lloyd’s of London’s top insurance firms, is conducting an investigation amid claims two executives harassed colleagues. The claims deepen the scandal surrounding workplace culture at Lloyd’s of London. Allegations are believed to include one executive groping colleagues and making lewd sexual remarks. Another has been accused of stalking [...]
Sir Philip Green must stump up extra £50m to save Arcadia from administration May 31, 2019 Sir Philip Green must plough another £50m into the pension scheme of his Arcadia retail empire to prevent it collapsing, it is reported. Read more: Sir Philip Green to close Miss Selfridge's flagship Oxford Street store The Pensions Regulator (TPR) has ordered the Topshop tycoon to add the £50m in addition to £100m his family [...]
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 [...]
Sir Philip Green prepares to launch Arcadia restructuring plan May 22, 2019 Sir Philip Green is preparing to launch a company voluntary arrangement (CVA) restructuring of his Arcadia retail empire. The plans, which are expected to be announced by the end of the week, would see landlords handed a shareholding of more than one-third of the business, Sky News reported. Read more: Sir Philip Green loses his [...]
Lloyd’s chair says misconduct cases may emerge as soon as this week May 21, 2019 Lloyd’s chairman Bruce Carnegie-Brown expects two or three cases of serious misconduct at the insurance marketplace to emerge as soon as this week as his organisation tackles reports of widespread sexual harassment. Read more: Lloyd's of London unveils 'robust plan' following sexual harassment claims “There are two or three quite big live issues out there [...]
Why your CEO got fired: Ethical lapses cost bosses their jobs in 2018 May 15, 2019 The turnover rate of CEOs soared to 17.5 per cent last year as ethical lapses became the biggest factor behind sacking bosses. Read more: Revealed: The CEOs who oversaw tech's 10 biggest share price rises While the 20 per cent rate of “forced turnovers” among departures at the top remained the same in PwC’s 2018 [...]
One in three female lawyers sexually harassed at work, comprehensive survey shows May 15, 2019 A comprehensive report launched today by the International Bar Association has unveiled the scale of sexual harassment and bullying within the legal sector. The survey of nearly 7,000 lawyers worldwide, found one third of female lawyers had been sexually harassed and one-in-two had been bullied. Read more: Lloyd's of London will ban drunk staff from [...]
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 [...]