Lloyd’s of London warns drunk employees could face disciplinary action May 9, 2019 Lloyd’s of London has announced that employees under the influence of alcohol at work could face disciplinary action in some instances following reports of bullying and sexual harassment at the 330-year-old insurance market. Read more: A drinking ban isn't the answer to alcohol-fuelled work culture The exchange said it would crack down on instances where [...]
Shareholders call for Google parent Alphabet to be broken up May 1, 2019 A group of shareholders in Google's parent firm Alphabet has called for the company to be broken up, following a string of complaints against the firm regarding alleged human rights abuses and excessive founder dominance. Read more: Google parent Alphabet misses estimates as EU fine takes its toll The resolution, submitted by four members of [...]
Lloyd’s of London launches plan to split in bid to cut costs and modernise the market May 1, 2019 Lloyd’s of London has unveiled plans to split into two exchanges and move more of its business online in a bid to cut costs. The six-point strategy includes splitting the 330-year-old market into two automated exchanges, allowing less complex risks to be placed “in minutes at a fraction of today’s costs.” Read more: Lloyd's of [...]
An office romance may be fun, but don’t burn your career on the flames of passion April 24, 2019 Office relationships happen. Given how much time we spend at the office, it doesn’t come as a surprise when some people develop friendships, crushes, or even fall in love – Melinda and Bill Gates being a prime example. Friendships which remain platonic within the office are great and can last for a lifetime. A report [...]
Four Tesla directors to leave company in board streamlining April 20, 2019 Tesla has announced that four of the eleven members on its board will be leaving the company over the next two years in a move to increase efficiency. In a regulatory filing, the company said that Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would not be standing for re-election in the annual meetings [...]
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 [...]
Monetary policy is too crucial to leave in Labour’s meddling hands April 16, 2019 Even by Donald Trump’s standards, it was an extremely Donald Trump thing to do. Last week, the President nominated Herman Cain for a seat on the board of the Federal Reserve, attempting to hand oversight of the world’s largest economy to a maverick gold-standard enthusiast. The nomination appears to be doomed, largely because of the [...]
Uber IPO: Six things you need to know April 13, 2019 After Uber unveiled its pitch to investors ahead of the company's initial public offering, here are six of the most significant things to know. Revenue is plateauing As Uber continue to prioritise growth over profits, the ride-hailing giant's revenue has plateaued. The firm reported an adjusted loss before interest and tax of $1.9bn for 2018, 15 per [...]
Ted Baker concludes review into former boss’ behaviour as it appoints new CEO April 11, 2019 Ted Baker has concluded its investigation into allegations against former chief executive Ray Kelvin as it appointed a new head of the company today. Read more: Ted Baker CEO resigns in the wake of misconduct allegations The UK fashion brand did not comment on the review's findings on Kelvin's behaviour, who denies accusations of misconduct stemming from [...]
Freshfields to be investigated by legal regulator over review into UBS rape allegations April 8, 2019 Magic Circle law firm Freshfields Bruckhaus Deringer is being investigated by the legal regulator over its review into rape allegations at UBS. The City law firm was called in to conduct an independent review after a former trainee graduate alleged she was raped by a colleague nearly 20 years her senior. Read more: Former graduate [...]