Norwegian Air slammed for imposing ‘1950s’ dress code on female cabin crew April 15, 2019 Norwegian Air has been blasted as stuck in a “Mad Men universe” after female staff were told they must carry a doctor’s note at all times if they want to wear flat shoes. In a 22-page dress code which was circulated to staff two weeks ago, the airline said its female employees must wear heels [...]
Volkswagen to build Tesla-style gigafactories as it ramps up electric car production April 15, 2019 Volkswagen is pushing its electric battery suppliers to build factories with at least one Gigawatt manufacturing capacity, according to its chief executive. Read more: Panasonic reviews plans for expansion of Tesla Gigafactory Joint venture partners such as South Korean firm SK Innovation (SKI) would need to build a so-called gigafactory because “anything below that amount [...]
Activist Bramson implores Barclays shareholders for seat on board in new letter April 15, 2019 Activist investor Ed Bramson has once again appealed to Barclays’ shareholders to give him a seat on its board in the run up to the bank’s 2 May annual general meeting. Read more: Barclays launches another attack on Bramson as public tit-for-tat rolls on Bramson’s company, Sherborne Investors, today sent a letter to Barclays shareholders, marking [...]
Britain determined to avoid no-deal Brexit, Jeremy Hunt tells Japanese Prime Minister April 15, 2019 Jeremy Hunt reassured Japanese Prime Minister Shinzo Abe today that the government is determined to avoid crashing out of the European Union without a withdrawal deal. Read more: Jeremy Hunt warns Brexit paralysis could keep Britain in EU On a visit to the Japanese leader’s residence in Tokyo, the foreign secretary said: “We recognise that [...]
Top ten considerations for investors surrounding new leasing standard April 15, 2019 | City Talk At long last, a company’s lease obligations – formerly buried in the back of the footnotes of the financial statements – are moving front and centre onto the balance sheet, as a new leasing standard goes into effect for both US GAAP and IFRS companies effective 1 January 2019. That’s just around the corner as [...]
Kier’s new chief executive looks to simplify company as outsourcer battles debt April 15, 2019 Kier Group’s new chief executive will look at simplifying the business in the coming months as the construction outsourcer continues battling hundreds of millions of pounds of debt. Read more: Kier shares fall as outsourcer swings to £35.5m loss Andrew Davies, who was elected boss of collapsed outsourcer Carillion before it went bust in January [...]
There’s only one use for the Brexit extension: a General Election April 15, 2019 French President Emmanuel Macron did not cover himself in glory at the latest European Council summit. But he was right to keep asking the same question: what is the Article 50 extension for? There are various ways in which the UK can use the extension: keep trying to get an agreement (any agreement) through parliament; [...]
London’s tech sector can’t keep leaving our young people behind April 15, 2019 The UK’s tech sector is growing three times faster than the rest of the economy. Currently, London is broadly considered to be the world’s third largest startup ecosystem, with the mythical centre of the capital’s tech community being Old Street and Shoreditch, in east London. However, herein lies the problem – and it’s an embarrassing one. [...]
DEBATE: With annual house prices falling in England for the first time since 2012, should we be concerned? April 15, 2019 With annual house prices falling in England for the first time since 2012, should we be concerned? Matt Robinson, chief executive of data-driven estate agent Nested, says YES. There are absolutely people who should be concerned by falling property prices. With inadequate historical pension coverage, an increasing number of those approaching retirement are reliant on their [...]
It’s time to write the next chapter in the City’s story of technological innovation April 15, 2019 When I travel across the globe, there is an issue I get asked about time and time again: what is it about London that makes it such a successful global financial hub? And what is it about the UK that makes us stand out from the crowd? A key part of the answer is innovation. [...]