Ousted Nissan chairman Carlos Ghosn released on bail from Japanese prison March 6, 2019 Former Nissan chairman Carlos Ghosn has finally been released from a Japanese detention centre after paying one of the highest bail charges ever in the country of 1bn yen (£6.85m). The ousted boss has served more than three months in prison over accusations of financial misconduct, but his release will give him more time to [...]
Paddy Power Betfair moves to change name to Flutter Entertainment as US sports betting market opens up March 6, 2019 Paddy Power Betfair revealed on Wednesday it is moving to change its name to Flutter Entertainment. The decision, which is subject to approval at a shareholder meeting at an upcoming general meeting, is part of a bid to diversify as the company moves to take advantage of the opening of the US online sports betting market. [...]
Ousted Nissan chairman Ghosn on brink of release after posting £6.85m bail March 6, 2019 Former chairman of Nissan Carlos Ghosn has paid one of the highest bail charges ever in Japan of 1bn yen (£6.85m), according to Tokyo District Court, meaning he is on the verge of being released on Wednesday. The ousted boss has served more than three months in prison over accusations of financial misconduct, but his [...]
Government ‘very unlikely’ to hit apprenticeship targets, warns NAO March 6, 2019 Whitehall’s attempts to overhaul the apprenticeships system have so far lowered the number of apprentices starting schemes in the UK by one-quarter, according to the National Audit Office (NAO). The number of starts in the academic year 2017/18 was 375,800, 26 per cent lower than the 509,400 starts in 2015/16 before the introduction of the [...]
Puma claws Manchester City away from Nike to grow their consumer impression March 6, 2019 Premier League champions Manchester City have signed a long-term shirt sponsorship deal with German sportswear brand Puma, ending a 7-year agreement with Nike. The move will put a different logo on players’ chests but also affect loyal fans. Media reports suggest the deal could be worth up to £65m a year over 10 years. Puma [...]
City Moves for 6 March 2019 – Who’s switching jobs at Muzinich & Co, Duff & Phelps and Mayer Brown? March 6, 2019 Today's City Moves includes movers and shakers from Muzinich & Co, Duff & Phelps and Mayer Brown. Muzinich & Co Muzinich & Co has announced that Archie Beeching has joined as director of responsible investing with immediate effect. In this newly-created role, Archie will focus on strengthening the ongoing integration of the firm’s environmental, social and [...]
Insurer Phoenix on the hunt for deals after strong results March 5, 2019 The boss of newly promoted FTSE 100 insurance company Phoenix said today he was keen to do further transactions following the £3bn purchase of Standard Life Assurance last year. Phoenix chief executive Clive Bannister said: “We are open for business and very keen to do our next transaction but they do tend to be quite [...]
Aon confirms interest in multi-billion tie-up with Willis Towers Watson March 5, 2019 Aon confirmed today it is weighing up a bid for Willis Towers Watson in what could be the insurance sector’s largest-ever merger. Willis Towers Watson’s shares had jumped to an all-time high after Bloomberg reported Aon was mulling a move for the Nasdaq-listed business. Aon later confirmed that it was in the early stages of [...]
Let it all hang out: Goldman Sachs scraps office dress code March 5, 2019 Goldman Sachs said today that it is relaxing its employee dress code to reflect the “more casual environment” of the modern workplace. In a memo from new chief executive David Solomon, who also DJs under the name D-Sol, the bank announced its new “firm wide flexible dress code” turning its back on the traditional banker [...]
Bugatti unveils €11m supercar to mark 110th anniversary March 5, 2019 Luxury car brand Bugatti has unveiled a €11m (£9.5m) supercar, but will not name the wealthy mystery buyer. La Voiture Noire, which was created for the French firm’s 110th anniversary, was snapped up by an unnamed Bugatti fan and is thought to be the most expensive new car of all time. The one-off supercar, unveiled [...]