Runners and riders: Meet the candidates who could replace Mark Carney as the Bank of England governor April 24, 2019 Speculation has begun over the next governor of the Bank of England after the Chancellor Philip Hammond launched the hunt for Mark Carney’s successor this morning. Carney’s tenure began amid post-crisis reform of financial system regulation but his latter years have been characterised by Brexit, which his successor will also have to navigate through. Read [...]
London is leading the way for a more sustainable fashion industry April 24, 2019 Tomorrow marks the six-year anniversary of the Rana Plaza building collapse in Bangladesh. A stark reminder of the real human cost of the current fashion industry, and an important time to consider what the future of fashion is shaping up to be. Rana Plaza housed five garment factories that made clothes for big global brands. [...]
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 [...]
Tory MP Johnny Mercer dismisses alleged ties to London Capital & Finance as ‘smear’ by rivals April 24, 2019 Tory MP Johnny Mercer has hit back at allegations he was involved in collapsed firm London Capital and Finance (LCF), claiming they are part of a "co-ordinated attempt" to go after him. Mercer, who is thought to want to run for Tory leader, has been under scrutiny for his non-executive director role at the Crucial Academy, for [...]
Samsung to invest £89bn in logic chip business as it looks to take on rivals April 24, 2019 Samsung will invest 133 trillion won (£89bn) in its logic chip business over the next decade as it looks to counteract a decline in memory chip prices and take on rivals. The South Korean tech giant today said it will invest roughly 11 trillion won per year until 2030 in its divisions that manufacture logic chips, [...]
UK government public borrowing falls to 17-year low but misses Hammond’s spring statement target April 24, 2019 Public borrowing fell to its lowest level for 17 years in 2017-18 but was still higher than predicted, according to data published today. Borrowing hit £24.7bn between April 2018 and March 2019, the Office for National Statistics (ONS) revealed today, £17.2bn less than the previous financial year. Read more: Government borrowing falls to 17-year low [...]
New Aviva CEO shakes up leadership team to boost ‘commercial thinking’ April 24, 2019 Aviva’s new chief executive rang the changes among senior management today as he looks to offer more value to shareholders. Read more: Former Aviva boss pay halved in 2018 as insurers gets tough on bonuses Maurice Tulloch announced three fresh appointments at the insurer as he dumped the chief executive of its UK insurance arm, [...]
Fast fashion: Boohoo profit piles up as online retailer forges ahead of competitors April 24, 2019 Boohoo’s shares rose this morning as it announced it has bucked the trend in the struggling clothing retail sector with a 49 per cent rise in profit. Read more: Boohoo shares fall despite explosive sales growth The so-called fast fashion retailer, which targets 16-30 year olds with its Boohoo, Nasty Gal and Pretty Little Thing [...]
Huawei ‘will be blocked’ from UK’s core 5G network despite green light from Theresa May April 24, 2019 The UK will block Huawei from core parts of its 5G network and restrict its access to non-core areas, Reuters reported today, citing a security source. Read more: Huawei: US ban 'belittles' national security The ban comes despite media reports late last night that suggested Prime Minister Theresa May has given the green light to [...]
With Crossrail at a standstill, what other London transport projects have been put on hold? April 24, 2019 Last year was a particularly trying year for transport. The botched May timetable change caused widespread disruption across the country, prompting infuriated passengers to lodge 1m claims against train operator Govia Thameslink alone. While the headline that sticks in the memory is the delayed opening of the £17.6bn Elizabeth Line, there are a number of projects [...]