Tokyo court extends Ghosn detention to give police more time to file charges after re-arrest April 12, 2019 Police have an extra eight days to question ex-Nissan boss Carlos Ghosn after Tokyo District Court extended his detention period today. It gives prosecutors until 22 April to file formal charges against the car industry magnate, after he was arrested for the fourth time last week. Ghosn was re-arrested on suspicion of creating $5m (£3.8m) [...]
Bonmarche fights back against Philip Day’s £5.7m takeover bid April 12, 2019 Bonmarche today hit back at a cut-price takeover bid from entrepreneur Philip Day, saying it “materially undervalues” the struggling retailer’s future prospects. The French-themed fashion chain urged shareholders to take no action on the 11.445p-per-share offer from Day’s Dubai-registered Spectre Group. Read more: Bonmarche jobs and stores set to go in cut-price rescue deal The [...]
Labour’s desire for the Bank of England to control UK house prices is disastrous and illogical April 12, 2019 The Bank of England should be responsible for boosting the UK’s productivity, according to the Labour party, which wants Threadneedle Street to dictate how banks lend money to businesses. Under the leadership of Jeremy Corbyn and John McDonnell, Labour also wants to keep RBS nationalised in order to direct its lending; turn Post Offices into [...]
The City’s towers rise up from ancient streets, and the contrast is sublime April 12, 2019 We can become desensitised to the rich history and incredible architectural tapestry that makes the City what it is. We can shuffle from Tube station to office to restaurant and home again, all without stopping as often as we should to take note of our surroundings and consider our immense good fortune that we work [...]
City Moves for 12 April 2019 – Who’s switching jobs at Ten Lifestyle Group, Cobalt and Atlas Merchant Group? April 12, 2019 Today's City Moves includes Ten Lifestyle Group, Cobalt and Atlas Merchant Group. Ten Lifestyle Group Ten Lifestyle Group, a leading technology-enabled lifestyle and travel platform for the world’s wealthy and mass affluent, has announced the appointment of Alan Donald as chief financial officer (CFO) and as an executive director on the board. He will join [...]
Melrose chief executive defends plans to close GKN factory near Birmingham April 11, 2019 The buyer of engineering group GKN has defended its plans to close one of the firm’s factories after MPs complained they undermine commitments made during the takeover process. Melrose chief executive Simon Peckham wrote to Rachel Reeves, who chairs the Business, Energy and Industrial Strategy Select Committee, saying his firm had “complied with both the [...]
Chair of troubled energy supplier URE Energy blasted by ex-investors April 11, 2019 The chairman of one of Britain's troubled energy challengers has left a string of dissolved businesses and angry investors in his wake. URE Energy, chaired by prolific businessman John Coombs, was ordered by regulator Ofgem to pay a £209,000 fine by 31 March after it failed to make payments required because not enough of the [...]
Bayer considers appeal after losing weedkiller case in France April 11, 2019 German chemicals giant Bayer could appeal a French court's decision that one of its weedkillers damaged a farmer's health. A court in Lyon found for Paul Francois, who he had suffered from fainting, headaches and memory loss after inhaling weedkiller Lasso in 2004. Read more: Bayer shares tumble after weedkiller cancer verdict However, Francois will have [...]
Carlsberg sparks speculation of new product launch with Twitter marketing campaign April 11, 2019 Carlsberg has quietly launched a tongue-in-cheek marketing campaign on Twitter, sparking speculation the brewer may be gearing up to launch a new product. The Danish firm has begun promoting tweets in which disgruntled customers complain about the quality of Carlsberg’s beer. Read more: Carlsberg cheers hot summer and Chinese sales despite lower growth outlook Comments [...]
Entertainment One snaps up Killing Eve score producer Audio Network for £178m April 11, 2019 Media firm Entertainment One has acquired film and TV score production firm Audio Network for £178m as it looks to beef up its music division. Entertainment One has secured a deal to buy 100 per cent of the UK-based company, which has produced scores for films and TV shows including Killing Eve, Bodyguard and Straight [...]