Premier Foods boss announces departure as it tries to sell off Ambrosia custard brand November 13, 2018 The boss of Premier Foods is set to step down at the start of 2019. Chief executive Gavin Darby will leave after facing a huge shareholder revolt over summer that saw 41 per cent of investors vote against his re-election. The news comes as Premier Foods revealed it may sell off its Ambrosia custard brand [...]
Is central bank independence even a thing? November 13, 2018 Parents often find it tough to let go of the control they have on their children’s lives, no matter how old they are. While children usually tend to wriggle out of these constraints, the constant jostling between two often opposing opinions is a worldwide phenomenon. And such is the relationship between the government and the [...]
Beleaguered audit watchdog boss may be forced out within weeks, says senior MP November 13, 2018 Stephen Haddrill, the beleaguered boss of the Financial Reporting Council (FRC) may be forced to resign within weeks after a report into the widely-criticised audit sector regulator is released, a top Labour MP has said. Rachel Reeves, chair of the Business, Energy and Industrial Strategy (BEIS) Select Committee, said Haddrill, who has announced his intention [...]
Interview: Rachel Reeves drags audit into the light November 13, 2018 Rachel Reeves doesn’t fit the typical mould of a select committee chair. Where her counterparts leverage their positions of parliamentary power to try to forcibly move their party’s position (see Nicky Morgan), or to launch populist crusades to fix society’s ills (see Damian Collins), Reeves has taken a less attention-seeking approach to the chair, and [...]
UK debt to soar to financial crisis levels over next five years November 13, 2018 UK debt could rise to £6.7 trillion by 2023, from £5.1 trillion in 2017, according to new research. The UK’s debt as a percentage of gross domestic product (GDP) is predicted to rise to nearly 260 per cent of GDP, a level not seen since the financial crisis. The debt increase is expected to largely [...]
Former Stobart boss Tinkler denies £5m expenses were claimed improperly November 12, 2018 Former Stobart Group chief executive Andrew Tinkler today denied accusations he improperly claimed £5m in expenses when he was head of the infrastructure firm. In the first day of a High Court trial centring on whether Tinkler was unfairly dismissed, lawyers for Tinkler said the claim that he breached his duties in claiming £5m of [...]
Theresa May says Brexit deal is near as talks enter endgame November 12, 2018 Theresa May has declared that the Brexit talks are entering the endgame, though she warned that the UK would not accept an agreement “at any cost.” Speaking to a senior City audience at the Lord Mayor’s banquet, the Prime Minister described the negotiations as “immensely difficult” but insisted she would not shy away from tough [...]
Not all foreign criminals should be deported – the case of Kweku Adoboli reveals a system that is too draconian November 12, 2018 Foreign criminals should be deported when they have served their sentences – this is effectively the government’s position, and one that remains popular with voters. On the face of it, the policy seems entirely reasonable; why should the UK show clemency to people who arrive on these shores and commit crimes against our citizens? And [...]
Coty’s chief executive resigns days after supply chain issues saw shares dive 22 per cent November 12, 2018 Coty chief executive Camillo Pane has stepped down with immediate effect due to family reasons, the company said today. The cosmetics company named Pierre Laubies, previously chief executive of coffee giant Jacobs Douwe Egberts (JDE), as Pane’s successor. Chairman Bart Becht said: “We are very grateful for Camillo’s many contributions to Coty during his time [...]
Don’t like new build homes in glass towers? We round up the best conversion homes in characterful period buildings November 12, 2018 You want to buy a new house, but you don’t want to live in a soulless shell. There’s good news: the historic conversion market is continuing to boom, with London’s ancient buildings being scaffolded as we speak. Hampstead Manor, at the heart of which is white-stucco mansion Kidderpore Hall, is one such development. It’s being [...]