Ted Baker launches investigation into harassment claims against ‘forced hugs’ boss December 3, 2018 Ted Baker has launched an internal investigation into claims its chief executive and founder harassed female staff members. The FTSE 250 firm’s shares took a dive this morning, dropping more than 14 per cent in early trading. In an statement released today, the fashion retailer’s board said it has launched a “thorough and urgent” external [...]
Sorrell’s S4 Capital says talks to buy ad firm Mightyhive are now ‘advanced’ December 3, 2018 Sir Martin Sorrell’s new company S4 Capital has confirmed it is now in advanced talks to buy Mightyhive, a programmatic advertising group based in San Francisco. S4 plans to integrate the firm as part of its drive to form a new business combining media and technology. It already confirmed talks were taking place last month, [...]
Regulator the Financial Conduct Authority warns banks about moving business away from the UK because of Brexit December 3, 2018 Regulator the Financial Conduct Authority has written to banks warning them about moving business away from the UK because of Brexit. Banks have been opening European subsidiaries and moving staff to locations that will remain inside the EU post-Brexit such as Amsterdam, Frankfurt and Dublin to ensure they are able to service customers after the UK [...]
Crossrail chairman Terry Morgan ‘in no doubt’ that Sadiq Khan was told about project delay in July December 3, 2018 The soon-to-be sacked HS2 chairman Terry Morgan has insisted he told Sadiq Khan that the £15.4bn Elizabeth Line was not going to open on time at least a month before the London mayor said he knew about the delay. Morgan, who has led the Crossrail project for a decade, told the BBC that he was in "absolutely no [...]
Six-bedroom Mayfair mansion snapped up for £39m December 3, 2018 A Grade-II listed mansion in Mayfair has been bought for £39m. According to documents filed with the land registry it was acquired by a British Virgin Islands-registered company for £38.8m at the start of November. Fees and stamp duty mean the total cost of the house will be closer to £45m. The six-bedroom house has a [...]
Thomas Cook shares plunge 20 per cent following last week’s £30m profit warning December 3, 2018 Shares in airline and travel agent Thomas Cook have plummeted by more than 20 per cent following a period in which it downgraded its profit guidance twice in two months. Shares were trading at 23.96p at the time of writing, following last week's £30m profit warning, which it blamed on the summer heatwave for hitting the package holiday provider’s [...]
Manufacturing PMI offers ‘crumb of positive news’ amid lacklustre conditions and Brexit uncertainty December 3, 2018 The UK manufacturing sector offered “a crumb of positive news” this morning as it announced the rate of improvement for business conditions improved slightly in November, but remained relatively subdued as the inflow of new export orders fell further. This month’s IHS Markit/CIPS Purchasing Managers’ Index (PMI) rose to rose to a two-month high of [...]
How to build a creative culture at your business December 3, 2018 Why is it that certain places produce explosions of creativity at moments in time? Nearly 20 years ago, London’s East End was the birthplace for grime music, with Wiley and Dizzee Rascal setting the pace for a cultural movement now led by artists like Stormzy. Pop art, punk, disco and hip-hop all exploded out of [...]
Big bills for passengers who leave phones on during flights December 3, 2018 Passengers who forget to heed the flight attendant's advice to turn off their phones could face huge bills when they get back from holiday, Aer Lingus has warned. The Irish carrier said that phones which are left on, without being switched to flight mode, could connect to the plane’s roaming network which is not included [...]
Trade is a long game, so we must look beyond FTAs and make marginal gains December 3, 2018 New York and London frequently vie for the crown when it comes to the title of the world’s leading financial centre. But as well as competing, we share a special relationship. The Big Apple was the first stop on my visit last week to the United States, which came at an opportune moment as the [...]