Goldman Sachs fined £34m by City watchdog for transaction reporting failures March 28, 2019 Goldman Sachs has been fined £34m after the City watchdog found “serious and prolonged failures” in its reporting of transactions. The Financial Conduct Authority (FCA) fined the investment bank £34.3m for failing to provide accurate and timely reporting of more than 220 million transactions. Read more: Goldman Sachs narrows gender pay gap slightly to 51 [...]
Facebook set to snap up Debenhams HQ as embattled retailer surrenders lease March 28, 2019 Facebook has agreed to swoop up new office space left empty by troubled department store chain Debenhams, which is vacating its West End HQ to help pay off a mounting debt pile. Read more: Debenhams bondholders back £200m rescue loan in blow to Ashley bid The tech giant, which which has been ramping up its [...]
Mitie’s order book shrinks as outsourcing sector battles ‘undoubted challenges’ March 28, 2019 Mitie’s shares slid this morning as it announced its order book had thinned by around one-tenth in the last year amid tricky conditions for outsourcers. Chief executive Phil Bentley said the decline was part of a shift towards “adding more value and services to our top clients,” as the firm continues to battle headwinds from several [...]
Four secrets for smashing your next big presentation March 28, 2019 Myth: to deliver an amazing talk you need to be a “born speaker”. Reality: when you know the secrets that make the difference between a dull speech and a fascinating presentation, you can easily apply them. Here are just a few to get you started. Use the magic structure Why? What? How? What if? These [...]
Eddie Stobart keeps on trucking with revenue and profit up strongly March 28, 2019 Logistics company Eddie Stobart grew profit 14 per cent and revenue 35 per cent last year, it announced today. The company, known for its liveried lorries with names such as Amber Daisy, Teletubby and Destiny Tori, said its growth was driven by new contract wins, acquisitions and more business from existing customers. The company grew [...]
Swedbank chief executive fired as money laundering claims rock the bank March 28, 2019 Swedbank's board this morning sacked its chief executive after a series of money laundering accusations rocked the Swedish bank. Birgitte Bonnesen will be replaced by Anders Karlsson, the current finance chief. Read more: Swedbank chief executive fired amid money laundering claims "The developments during the past days have created an enormous pressure for the bank. Therefore, [...]
Boeing unveils software patch for 737 Max after Ethiopia and Indonesia crashes March 28, 2019 US aircraft company Boeing has released a software patch for its 737 Max jet after 346 people were killed in crashes involving the plane in Indonesia and Ethiopia. The plane’s anti-stall system is being viewed by investigators as a possible factor in the fatal crash of a Lion Air jet in Indonesia in October and [...]
Mueller just gave Democrats the key to taking down Trump March 28, 2019 Five years ago, Republicans set up a congressional committee to investigate the deaths of four Americans in a 2012 attack on the US embassy in Benghazi, Libya, focusing particularly on the role of then secretary of state Hillary Clinton during the crisis. Two years later, it had spent $7m, produced an 800-page report, and questioned [...]
There’s a human cost to fetishising entrepreneurs like Elizabeth Holmes March 28, 2019 According to the documentary director Alex Gibney, the success of Elizabeth Holmes can be put down to Silicon Valley’s “fetishisation of the entrepreneur”. Holmes’ story is depicted in his latest film, The Inventor: Out for Blood in Silicon Valley, released last week. But her story has caught the imagination of just about everyone who has [...]
DEBATE: Could Mike Ashley be the answer to Debenhams’ woes? March 28, 2019 Could Sports Direct boss Mike Ashley be the answer to Debenhams’ woes? John Phillips, general manager (EMEA) of Zuora, says YES. Reversing the fortunes of Debenhams would provide any new boss with a challenge – it is in dire need of modernisation. But Mike Ashley could well be the right man for the job. He has [...]