Equinix to spend £90m on Slough data centre to support the City’s increasing reliance on data November 19, 2018 Technology infrastructure giant Equinix is building a £90m flagship data centre to support increased reliance on data by City firms, the company said today. The US firm said the new and expanded facilities will support growing volumes of data, including increased traffic in the City. The project, dubbed LD7, is due to be completed in early 2019. The new facility [...]
Telecom Italia appoints Luigi Gubitosi as new chief executive after ‘Whatsapp ousting’ November 19, 2018 Telecom Italia has named a former Merrill Lynch banker as its new chief executive, less than a week after it reportedly ousted its former boss via a Whatsapp message. The board of Italy’s largest telecoms firm selected Luigi Gubitosi, a veteran manager who has held senior roles at companies such as Fiat and Wind Telecom, during [...]
Housebuilder Weston sees profits soar as it plans £28m expansion November 19, 2018 Housebuilder and office provider Weston has reported a huge increase in revenue and pre-tax profits as the developer cashes in on rising demand for new homes. The volume housebuilder, which operates in London and the south east, said its pre-tax profits increased over 50 per cent year on year to £35m. The group’s revenue was up [...]
Europe’s real estate investors dominate central London commercial market November 19, 2018 European buyers dominated Central London’s commercial property market in the third quarter of 2018, according to a new Knight Frank survey which underlines investor appetite from the continent. Accounting for almost 40 per cent of Central London’s market share by price, buyers from across Europe are on course to exceed their 10-year average levels of [...]
Danske Bank whistleblower says he was offered hush money November 19, 2018 The whistleblower at the heart of a widening money-laundering scandal centred on Danske Bank has claimed the Danish bank tried to pay him to keep silent, and implicated a major European lender, reported to be Deutsche Bank, and two US banks in having handled suspect funds. Howard Wilkinson – head of Danske Bank’s trading unit [...]
Nissan’s no panic approach to crisis management November 19, 2018 IN A TIME of austerity, CEO pay is a sticky issue most companies avoid if possible – especially if there is wrongdoing. Step forward Carlos Ghosn, who has been arrested for misconduct after allegedly dipping his hands into the cookie jar at Nissan. He and representative director Greg Kelly are being questioned about financial reports [...]
Capita and other outsourcers to write ‘living will’ to protect public services from another Carillion collapse November 19, 2018 Outsourcing giant Capita has agreed to write a “living will” to protect public services in the event of a collapse similar to that of Carillion. Capita, Serco and Sopra Steria have volunteered to draw up contingency plans after the Cabinet Office said it lacked “key organisational information” that could have helped in the aftermath of [...]
McLaren boss backs May’s Brexit plan, saying no deal is ‘not an option’ for businesses November 19, 2018 The boss of car manufacturer McLaren has backed Theresa May’s draft Brexit agreement, saying crashing out of the European Union without a deal is “not an option” for British industry. Mike Flewitt said May’s withdrawal agreement, which the Prime Minister is currently trying to sell to her MPs, would “provide urgently-needed certainty and an implementation period [...]
NEX Exchange Profile: Good Energy Group plc November 19, 2018 | Sponsored Good Energy, the renewable energy company based in the heart of Wiltshire, is truly of the zeitgeist. It is one of the leading suppliers of renewable power in the UK today; it is also one of the main proponents for action to prevent further climate change, thanks in large part to the energetic dedication of [...]
Deutsche Bank announces €1bn bond buyback November 19, 2018 German lender Deutsche Bank today said it would buy back €1bn (£890m) of bonds as it aims to lower its expensive liquidity reserve. The bank said in a statement that it is announcing a public tender offer with a target acceptance volume of €1bn of Euro-denominated securities. Deutsche said the deal is aimed at helping [...]