Lloyd’s of London hires former QBE chief John Neal as new CEO September 7, 2018 John Neal has been appointed as chief executive of Lloyd's of London, succeeding Inga Beale, who had been in the role since 2013. His appointment was ratified after a meeting of the Council of Lloyd's where his appointment was unanimously approved. He will begin his new role at Lloyd’s on 15 October 2018. Previously John Neal [...]
JD.com sees its share price plummet as police investigate rape accusation against CEO September 7, 2018 JD.com has seen its share prices plummet, with £5.5bn wiped off its value after chief executive Richard Liu was accused of sexual assault and arrested last week in the US. He was held for 16 hours as Minneapolis police launched an investigation into the sexual misconduct allegation, before he was later released without charge. Since then [...]
US jobs up by 201,000 as unemployment remains low September 7, 2018 The US added 201,000 jobs last month and the unemployment rate remained steady at a historic low of 3.9 per cent, new data has revealed. Job were gained in professional and business services, healthcare, wholesale trade, transport and warehousing, and mining, according to the US jobs report published by the Bureau of Labour Statistics today. [...]
Tesla’s shares dive on executive departures while Elon Musk smokes weed on podcast September 7, 2018 Tesla shares dived in pre-market trading as two executives quit the company today, with one resigning after just a month, citing public attention. The announcements came on the same day as outspoken entrepreneur and Tesla CEO Elon Musk appeared online smoking marijuana. Tesla shares fell by up to eight per cent in pre-market trading after chief accounting officer [...]
Tony Blair: Moderates may have lost the Labour party forever September 7, 2018 Tony Blair has revealed that he doubts whether the Labour party can be "taken back by moderates" following on from a period of "profound change" under leader Jeremy Corbyn. Speaking on the BBC podcast Political Thinking With Nick Robinson, the former prime minister said that Labour is now “a different type of Labour party” than the one he [...]
Sterling lifts as Barnier says Brexit can lead to ‘unprecedented’ UK-EU partnership September 7, 2018 Sterling climbed 0.89 per cent against the euro today after the EU’s chief negotiator sounded positive notes about the likelihood of the UK securing a Brexit deal. Michel Barnier said there were positive elements of Prime Minister Theresa May’s Chequers plan, which Brexiteers had previously dismissed as “dead in the water”, as a transcript of [...]
Holiday Homes: Morocco is re-fashioning itself into a hotspot for the international polo crowd with houses to match September 7, 2018 In pride of place on the wall of the Jnan Amar Polo Club in Marrakech is a picture of Sir Richard Branson. Taken in 2014, it shows the grinning Virgin mogul at the first British Polo Day, held at these Moroccan grounds for the first time and contributing a tidy donation to the Eve Foundation, [...]
Property of the Week: The wing of a church damaged during the war is now a huge house of historical proportions September 7, 2018 What makes a house worth £22m? Well, there are a few things. Firstly, location, location, location. This property on Upper Cheyne Row, one of the most sought after addresses in Chelsea, is also home to vacuum supremo Sir James Dyson and, not one, but two Rolling Stones in bassist Bill Wyman and frontman Mick Jagger. [...]
The tables have turned: How Ministry of Sound is shaking up the workspace September 7, 2018 It was 1991 when Ministry of Sound first opened its doors. Its founders had taken over a disused bus shelter in Elephant and Castle, and installed a massive sound system, fostering a subculture of clubbers who thrived on the underground music scene. At the time, there was nothing like it, and electronic dance music wasn’t [...]
Vince Cable to step down as Lib Dem leader next year September 7, 2018 Liberal Democrat leader Vince Cable could step down from his role next year, he announced today, as he revealed new rules for leadership contest to take place after Brexit. The Twickenham MP, who has led the party since last year, revealed that he plans to quit "once Brexit is resolved or stopped" in March next year. Read [...]