Labour ditches CBI boycott and meets new DG Rain Newton Smith June 18, 2023 Labour has ended its boycott of the crisis-hit Confederation of British Industry (CBI) to discuss changes the lobby group is making in the wake of a sexual misconduct scandal. Shadow business secretary Jonathan Reynolds met with new director general Rain Newton-Smith this week. Both Labour and the Conservatives previously cut ties with the confederation – [...]
City firms are still digging their heads in the sand over sexual harassment June 15, 2023 The Odey's sexual harassment case is an example of how companies still think the "no comment" approach is the best one when they're hit by scandal, no matter the consequences, writes Simon Neville
CBI: New boss Rain Newton-Smith refuses to budge on membership figures before exodus June 13, 2023 The Confederation of British Industry (CBI) is still insisting on keeping its prior membership figures under wraps in the wake of a scandal which saw it face a fight for its very future. CBI director-general Rain Newton-Smith refused to disclose the number of members her organisation had boasted prior to a sexual harassment crisis which [...]
Odey not ‘gating’ funds in wake of allegations against founder June 12, 2023 Scandal-hit Odey Asset Management has insisted its funds are not halting investor withdrawals in the wake of assault allegations against its founder, Crispin Odey. The company, which has around 4.4 billion US dollars (£3.5 billion) in assets under management, said all its funds are open “as per usual business” following a report that the boards [...]
Crispin Odey leaving hedge fund following misconduct allegations June 11, 2023 Crispin Odey is to leave Odey Asset Management, the partnership said on Saturday, following a series of allegations of misconduct.
“In discussions”: What next for Crispin Odey’s City empire? June 10, 2023 Odey Asset Management has revealed it is in “active discussions” with its broker partners, after fresh misconduct allegations published against its founder led banks to review their relationship with the fund. It followed a report in the Financial Times (FT) – together with Tortoise Media – which included several allegations of sexual harassment or misconduct [...]
Odey: Hedge fund in ‘active discussions’ with brokers amid misconduct allegations June 9, 2023 Odey Asset Management has revealed it is in “active discussions” with its broker partners, after fresh misconduct allegations published against its founder led banks to review their relationship with the fund. It followed a report in the Financial Times (FT) – together with Tortoise Media – which included several allegations of sexual harassment or misconduct [...]
JP Morgan and Morgan Stanley review prime broking ties with Odey Asset Management June 8, 2023 JPMorgan and Morgan Stanley are reviewing their prime broking relationships with Odey Asset Management after allegations of sexual misconduct and bullying by Crispin Odey reported by the Financial Times and Tortoise Media on Thursday, sources familiar with the matter said.
CBI: Rishi Sunak refuses to say business body will be back in the room June 7, 2023 The Confederation of British Industry survived a confidence vote on its future yesterday, after members voted in favour of the scandal-hit lobbying organisation’s transformation plan. However, overnight the Prime Minister Rishi Sunak suggested that may not be enough for the body to be invited back into key meetings on business policy with the government. Matters [...]
CBI to face no-confidence vote today with future in the balance June 6, 2023 The CBI will find out if it has a future after a vote of members that is effectively a confidence vote in the body's new leadership.