Diageo chief Sir Ivan Menezes has emergency surgery before retirement as first female CEO takes charge June 5, 2023 Spirits giant Diageo has announced the appointment of its first female chief executive following the retirement of long-term boss Sir Ivan Menezes, who’s now in hospital. The appointment of Debra Crew as interim chief executive was announced this morning, while its existing chief undergoes emergency surgery. He will formally retire at the end of the [...]
London seals European finance investment crown every year since Brexit June 5, 2023 London is beating away the dire warnings that Brexit would knock it off its perch as Europe’s top finance hive and is even drawing in more investors amid high inflation and interest rates, a new report out today unveils. Foreign investors pumped cash into 46 financial services projects in the capital last year, up from [...]
The Notebook: Andy Coulson on Succession, female leaders and Monday madness June 5, 2023 After five days of ‘spoiler alert’ dodging, I settled down to watch the finale of Succession this weekend. Having caught the odd review headline, I was poised for something special. And yet … why did I find the ending just a bit disappointing? The answer, of course, is simple: It Should Have Been Shiv. Tom’s [...]
Addison Lee drivers hit by Khan’s anti-car policies, chief exec says June 4, 2023 Addison Lee’s chief executive Liam Griffin has hit out at Sadiq Khan arguing that his policies, such as the congestion charge and expansion of ULEZ, are hurting the firm’s drivers. Griffin told Bloomberg that there has been “an agenda to slow London down rather than speed it up.” “When you look at bus lanes, when [...]
Wall Street leaps after strong US jobs report June 3, 2023 Stocks moved higher on Friday after a strong report on the US job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 leaped 1.5 per cent for the latest surge in a rally that has vaulted it nearly 20 per cent since mid-October. That put Wall Street’s [...]
Deliveroo, Just Eat, Amazon and Uber: Delivery apps charging DOUBLE for supermarket groceries, says Which? June 3, 2023 Ordering supermarket groceries via a delivery app such as Deliveroo, Just Eat or Uber Eats could cost twice the price of buying directly from the same store, according to Which? Meanwhile, Amazon is charging up to 45 per cent more for Morrisons products than if they were bought from the supermarket’s own website, the consumer [...]
US debt ceiling: Joe Biden expected to sign legislation two days before deadline June 3, 2023 President Joe Biden is expected to sign legislation to raise the US debt ceiling, just two days before the US Treasury warned that the country would struggle to pay its bills. The bipartisan measure, which was approved this week by the US house and senate, eliminates the potential for an unprecedented government default. “Passing this [...]
British American Tobacco investors hope to cash in on pivot to vape sales June 2, 2023 Investors will be hoping Lucky Strike maker British American Tobacco (BAT) has stubbed out historic misconduct issues and is cashing in on its pivot to vapes and e-cigarettes. The FTSE 100-listed giant will give an update on its progress with a new boss at the helm when it unveils its trading update on Tuesday. The [...]
Purplebricks: Troubled estate agent sold to rival Strike for £1 as job cuts loom June 2, 2023 Purplebricks has been sold for £1 to online estate agency Strike after shareholders approved the offer from the only remaining bidder. It will see the troubled firm come under the ownership of its rival, backed by Carphone Warehouse founder Sir Charles Dunstone. The online agency agreed to sell its business and assets to Strike for [...]
Sticky inflation and regulatory pressure push UK deals to lowest level since 2016 June 2, 2023 Deals in the UK have slumped to their lowest level since 2016 amid sticky inflation and regulatory pressure.