City Moves for 10 April 2019 – Who’s switching jobs at Actis, Funding Options and Feast It? April 10, 2019 Today's City Moves includes Actis, Funding Options and Feast It. Actis Actis, a global growth markets investor, has announced the appointment of Susan Wilkins as chief financial officer. Susan will be based in London and report to Torbjorn Caesar, senior partner of Actis. Susan will join the Actis executive committee. Susan was the chief financial officer and [...]
Facebook and the tech giants are welcoming government regulation – that’s a panic signal for all of us April 9, 2019 Last year, I met someone who had previously worked for a big tech firm in its “free speech” unit. What had happened to make him come and slum it among us mortals in the (badly paid) policy world? Answer: the unit had been shut down. It’s in this context that you should see the milquetoast [...]
Transport heads raise concerns over Sadiq Khan’s plans for TfL takeover of Network Rail April 9, 2019 Leading Assembly members have raised concerns over Sadiq Khan’s headline-grabbing plan for Transport for London (TfL) to take over key routes and stations from Network Rail in London. Last month the London mayor said responsibility and funding for key rail assets such as tracks and stations should be transferred to the transport body to plug [...]
Reforming audit will not be easy, but the latest report might be a place to start April 9, 2019 Sir Winston Churchill’s 1942 speech about the second battle of El Alamein contained one of his most famous quotes. It was not, he said, the end – nor even the beginning of the end – but it was perhaps the end of the beginning. One could be forgiven for harbouring similar feelings about the long [...]
Barclays to restructure 460 UK jobs and cut more than 50 roles April 9, 2019 Barclays is set to carry out a restructuring plan that will slash around 54 roles and impact at least 400 more across the UK. A Barclays spokesperson said while the bank will relocate a number of operations and technology roles, it is not reducing the overall number of jobs overall, except in a few cases of duplication, and will remain [...]
Demand for flights to UAE and Europe drives Stansted passengers numbers April 9, 2019 The number of passengers using Stansted airport surpassed 28m in the year up to March, thanks to increased demand for flights to the UAE and Europe. Over 2m passengers used the London airport this March alone, which is a six per cent increase on the same month last year. The airport said it had seen [...]
Cross-party Brexit talks abandoned until after EU summit, Downing Street confirm April 9, 2019 The Conservatives and Labour have abandon Brexit talks until Thursday after failing to reach an agreement, just a day before Theresa May asks the EU for another delay to the UK’s withdrawal. Leading MPs from both parties held talks for four hours on Tuesday in an attempt to find a compromise plan which could win [...]
Boeing commercial aircraft deliveries fall nearly one-fifth after 737 Max crashes April 9, 2019 Deliveries of Boeing commercial jets plummeted in the first quarter of 2018, as airlines around the world recoiled from the second fatal crash of its flagship 737 Max model in less than six months. In the first indication of how hard the world’s biggest plane maker has been hit by the fallout, Boeing said total [...]
Lush ditches social media amid switch to influencer marketing April 9, 2019 Cosmetics retailer Lush is cutting down its social media presence in a bid to encourage one-to-one contact with its customers. The soap specialist has revealed its plan to “switch up social”, saying from next week it will interact with punters over live chat on or its website, or by email or phone. Read more: Social [...]
Charity watchdog criticised for lack of action against £53.5m Garden Bridge project trustees April 9, 2019 The charity watchdog has been criticised for failing to take action against the people behind the failed Garden Bridge project that cost taxpayers £43m. The Charity Commission’s inquiry into the conduct of the Garden Bridge Trust, whose members included the actor Joanna Lumley and PR tycoon Roland Rudd, found that the botched bridge project across [...]