British American Tobacco calls in headhunters as chairman prepares to step down April 9, 2019 The chairman of British American Tobacco (BAT) is set to step down as changes to financial regulations mean he can no longer serve on the board. Richard Burrows, who has chaired the firm since 2009, is the latest victim of new City rules meaning directors can no longer be considered independent after nine years. Read [...]
Waitrose removes ‘ugly’ Easter chocolate duckling from shelves after complaints of racism April 9, 2019 Waitrose has been forced to apologise and temporarily remove a trio of chocolate ducklings from its shelves, after customers complained about the darkest one being called “Ugly”. One customer tweeted to say it “doesn’t look good at all. Thousands of other options… why ugly?????” Read more: Telegraph hires Waitrose editor who resigned after vegan row [...]
Lloyds Bank stars as FTSE 100 rockets in Q1 April 9, 2019 | City Talk By Graeme Evans from interactive investor. After a great first quarter for stock markets, we assess the best and worst blue-chips of 2019 so far. It’s been a storming start to 2019 for the FTSE 100 index, with popular interactive investor stocks including Lloyds Banking Group (LSE:LLOY), Next (LSE:NXT) and Tesco (LSE:TSCO) among those on [...]
Debate: Could financial services firms be better off basing themselves outside of London? April 9, 2019 Could financial services firms be better off basing themselves outside of the capital? Yes – Andy Mielczarek is chief executive at Chetwood Financial. Being based outside of London has such a raft of incentives that it seems like a no-brainer to set up outside of the capital. The overwhelming difference is operating costs. As we’re [...]
Technology, leadership, and change – business leaders must prepare for their next act April 9, 2019 "Everything flows, nothing stands still” (Heraclitus, 501 BC). Quite a lot has changed in 2,500 years, but that quote still rings true. We are surrounded by a flow of constant and accelerated change. And in such times of change, the art of decision-making is more significant than ever. While this added weight of responsibility might [...]
After Brexit, will Britain remain a land of opportunity? Apprentice star Mark Wright shares his views on startups and the economy April 9, 2019 Winning a reality TV show isn’t normally considered a recipe for success. The stars of such programmes usually end up plastered across the tabloids, followed by performing in a Christmas pantomime somewhere in rural England. But the BBC’s The Apprentice is an altogether different beast. With the backing of business mogul Lord Alan Sugar, the [...]
Cake walk: Cake Box revenues soar 30 per cent after summer IPO April 9, 2019 Cake Box today predicted a sweet end to its first year as a public company, telling investors that revenue will rise 30 per cent year on year to a record £17.1m for the 12 months to the end of March. Like-for-like sales growth of 6.5 per cent was the icing on the cake after the [...]
Tube havoc hits commuters as holidaymakers battle Stansted train delays April 9, 2019 Commuters have been hit with delays on the Jubilee and Piccadilly lines this morning. There are severe delays on the Piccadilly Line between Acton Town and Uxbridge with some disruption around Heathrow, due to a faulty track at Turnpike Lane. https://twitter.com/piccadillyline/status/1115537004261933057 The Jubilee Line is now running with minor delays after a signal failure at Canary [...]
HSBC banker killed in Alps snowboarding accident April 9, 2019 A British banker has been killed in a snowboarding accident in the Alps. HSBC contractor and artificial intelligence (AI) entrepreneur Stuart Thurlow, 50, was killed in the French ski resort of Avoriaz on Friday while boarding off piste. According to his Linkedin profile, Thurlow was a senior project manager at HSBC who had been working [...]
ECB set to remain dovish April 9, 2019 | City Talk The European Central Bank meets on Wednesday this week, not the usual Thursday. Don’t expect any fireworks from this outing for the Governing Council, however. A month ago we got a triple whammy of dovish moves with new stimulus, amended forward guidance and growth and inflation forecasts revised lower. Having already pushed back on rate [...]