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 [...]
London City Airport appoints former Crossrail boss Rob Holden as new chairman November 19, 2018 London City Airport has chosen former Crossrail boss Rob Holden as its new chair following the departure of Terry Morgan for HS2. Holden, who has held senior positions on major projects such as HS1, Eurostar and as the former chief executive of Crossrail, will take up his post immediately to oversee the airport's £500m expansion programme. London's most [...]
Russia wants to destabilise Interpol, warns Putin critic Bill Browder November 19, 2018 Bill Browder, the US-born investor and Putin critic, struck back today against new allegations made against him by Russia, accusing the country of attempting to use its international influence to destabilise Interpol. Prosecutors in Moscow claimed Browder's fund shareholders used illegal profits made in the country to fund donations to the Democratic Party, and claimed he may [...]
Theresa May wants UK to be out of EU transition period before general election in 2022 November 19, 2018 Theresa May has reaffirmed her commitment to taking the UK out of the EU transition period in time for the next scheduled general election in 2022. Delivering a keynote speech at the Confederation of British Industry (CBI), May hinted that she would not let the transition period extend until the end of 2022. The pound slipped [...]
Lexus and IBM debut the world’s first TV advert entirely scripted by artificial intelligence November 19, 2018 Luxury carmaker Lexus has teamed up with IBM's Watson and several London agencies to make the world's first car advertisement entirely scripted by artificial intelligence. Directed by Oscar-winning filmmaker Kevin Macdonald, who is known for films such as The Last King of Scotland and this year's Whitney Houston biopic, the advert was created to showcase Lexus' [...]
Caffeine kick gets greener as Nespresso makes pods from sustainable aluminium November 19, 2018 Breakfast drinks will cause slightly less environmental damage after Nespresso teamed up with Rio Tinto to make its coffee pods from ethical aluminium. The two companies are working to ensure that 100 per cent of the metal in Nespresso’s popular pods are sustainably sourced by 2020. By then every pod that goes into a morning [...]