GSK snatches Julie Brown from Burberry’s top management JULIE BROWN GSK has reportedly snatched Burberry’s chief operating and financial officer Julie Brown. Sources told Sky News the £53bn pharmaceutical titan could appoint Brown as its chief financial officer as soon as Monday. The businesswoman in fact announced on Friday she would step down next year after six years at Burberry. Working alongside chief executive Dame [...]
Awaze owner hires Goldman Sachs and Morgan Stanley for £2bn sale AWAZE Awaze’s owner Platinum Equity has reportedly hired Goldman Sachs and Morgan Stanley to oversee the rental business’s sale, which could be valued as high as £2bn. City sources told Sky News’ Mark Kleinman the banks are expected to initiate proceedings within the next year. This would lead to the company’s second ownership change in five [...]
Treasury denies allegations of gambling with economy as pound falls below $1.10 GAMBLING WITH ECONOMY The Treasury has denied allegations of gambling with the UK’s economy as the pound fell below $1.10 for the first time in almost 40 years following yesterday’s mini-budget. Paul Johnson, director of the Institute for Fiscal Studies, said Britain will go on an “unsustainable path” of borrowing following the reforms – the most radical in [...]
Pound falls below $1.10 for first time in almost 40 years after mini-budget September 23, 2022 Pound Sterling continued to tumble after the mini-budget this morning, plummeting to below $1.10 for the first time since 1985. Financial markets ramped up expectations for interest rates to hit a peak of more than 5 per cent midway through next year, as Citi analysis warned the mini-budget “risks a confidence crisis in sterling”, as [...]
City backs mini-budget measures: ‘Scrapping bonus cap shows we are open for business’ September 23, 2022 The City of London has welcomed measures in today’s mini-budget, backing the scrapping of bankers’ bonuses and freezing of cooperation tax hikes. Policy Chairman at the City of London Corporation Chris Hayward responded to Kwasi Kwarteng’s fiscal statement today, which included a raft of changes from planning and benefits to stamp duty and national insurance. [...]
Breezy does it: Government eases planning rules to boost onshore wind September 23, 2022 Energy bosses have welcomed the Government's decision to relax planning rules around onshore wind developments.
Recruiters cash in on digital revenue thanks to ‘red-hot labour market’ September 23, 2022 Despite squeezed advertising budgets, new data has revealed online publishers are continuing to post positive growth. According to the latest Digital Publishers’ Revenue Index (DPRI) from the Association of Online Publishers (AOP) and Deloitte, total digital revenue for second quarter hit £154.8m, up by 12 per cent on 2021 levels. During this period 2022, recruiters [...]
Exclusive: Green groups raise red flags over fracking September 23, 2022 Environmental think tanks have criticised the Government's decision to lift the moratorium on fracking to boost supply security.
Burberry’s chief operating and financial officer to quit after six years in the job September 23, 2022 A leading figure at luxury British fashion giant Burberry has announced she is stepping down next year. Julie Brown will quit the senior roles of chief operating and financial officer next year, as she heralded for overseeing the firm’s “transformation” and drive for sustainability. Brown’s last day will be on 1 April 2023 at the [...]
Promote your brand with custom contactless cards September 23, 2022 Profyle Card for Business is the sustainable, modern alternative to business cards. Share your details, social media links, brand videos, documents and more with just a tap against a phone or a scan of a QR code. This up-to-the-minute NFC- and QR code-based technology allows you to save money, while helping save the planet by [...]