Watchdog bans Sky Bet ad starring Jeff Stelling over sports knowledge claim March 13, 2019 A Sky Bet advert starring football presenter Jeff Stelling has been banned by the industry watchdog over fears it could lead to irresponsible gambling. The Advertising Standards Authority (ASA) said the advert implied those with a good knowledge of sports would have more gambling success and gave an exaggerated perception of how much control punters [...]
Renault-Nissan-Mitsubishi alliance overhauls management in wake of Ghosn scandal March 13, 2019 Key executives at Nissan and Mitsubishi have stepped down as the car alliance looks to overhaul its management team amid the scandal surrounding Carlos Ghosn. Nissan senior vice president for human resources Arun Bajaj left the firm on 11 March, the company said today. Bajaj had taken a leave of absence in January and was [...]
Swiss private bank Edmond de Rothschild to delist March 13, 2019 Swiss private bank Edmond de Rothschild has announced plans to delist and restructure in a move to consolidate the group. The family buyout comes after a settlement was agreed last year among Rothschild cousins over the use of the historic family name for commercial matters, forcing two warring companies to simplify their complex and intertwined [...]
Strong results in Asia push up Prudential’s profits March 13, 2019 Prudential saw profits in Asia grow by 10 per cent over 2018, as it cashed in on customer demand for health, protection and savings services in the continent. The figures The British life assurance and financial services company’s profit before tax rose by three per cent in 2018 to reach £4.8bn. Prudential’s cash holdings and [...]
Business groups slam government plans to slash no-deal Brexit tariffs to zero March 13, 2019 Business groups criticised government proposals to slash tariffs to zero in a no-deal Brexit this morning, with the CBI warning it could prove to be “a sledgehammer for our economy”. The government said its measures should avert a £9bn hit to consumers and businesses if the UK crashes out of the EU without a deal [...]
Enrolling with the times: How the workplace pension hike could affect you March 13, 2019 Since the government began phasing in auto-enrolment almost seven years ago, 10m people have now joined their workplace pension scheme. By encouraging Brits of all ages to save for retirement, the auto-enrolment system was designed to stop the UK from hurtling head-first into a pensions crisis. So far, it’s been a success. Even more people are [...]
Karren Brady and a lesson on the duties of directors March 13, 2019 Several months after Sir Philip Green became embroiled in a highly publicised scandal, Karren Brady resigned as chair of his retail empire. Despite allegations of harassment and discrimination made by staff against Green, Brady initially intended to remain with Taveta Investments, the holding company of Green’s Arcadia Group. She cited her duty to employees as [...]
Provident restores dividend as doorstep lender fights takeover bid from Non Standard Finance March 13, 2019 Provident Financial has restored its dividend after implementing a turnaround plan, the doorstep lender announced today as it fights off a takeover bid from rival Non Standard Finance. The figures Shares were up more than three per cent as the company announced that adjusted profit before tax increased by 82.3 per cent to £153.5m. Statutory [...]
Norwegian Air to seek compensation for flight ban on Boeing Max 8 and 9 planes after fatal Ethiopia crash March 13, 2019 Embattled airline Norwegian Air will seek compensation from plane maker Boeing for lost revenue and extra costs arising from the Europe-wide flight ban on the US manufacturer’s latest jet. Norwegian’s 162-strong fleet includes 18 of Boeing’s 737 Max 8 model, which aviation authorities across the globe have grounded, after it suffered its second fatal crash [...]
Manx Telecom eyes global expansion as it reveals £255m takeover offer March 13, 2019 Isle of Man mobile and broadband provider Manx Telecom saw its shares jump almost 15 per cent this morning after posting a modest rise in revenues for the full year as it announced a £255m takeover. Read more: Manx Telecom on track to hit revenue growth targets The figures Revenue rose 3.8 per cent from [...]