City exec leaves CFO role to pursue career in music September 6, 2018 City executive Philip Keller is swapping the boardroom for the orchestra as he leaves his CFO role at Intermediate Capital Group (ICG) to pursue a passion for conducting. Keller will go back to university next year to train as an orchestra conductor after more than a decade at asset management firm ICG. Read more: City [...]
City watchdog Andrew Bailey calls for open financial services trade after Brexit September 6, 2018 The City's top watchdog has urged the EU to remain open to British financial services and warned against a power grab post-Brexit. Financial Conduct Authority (FCA) boss Andrew Bailey said there is a “strong case for the UK and the EU to find each other equivalent on ‘day 1’” of Brexit, letting firms continue to [...]
Standard Chartered revamps top team with hire of new group chief operating officer September 6, 2018 Standard Chartered has hired David Whiteing as its new group chief operating officer as the bank revamps its top team to put more focus on technology. The newly expanded role will join together the chief operating officer team with the previously separate IT operations function. Michael Gorriz, group chief information officer, will continue to lead [...]
Sports Direct offers loans to help stricken House of Fraser suppliers September 6, 2018 Sports Direct has offered loans to some of House of Fraser's stricken suppliers, it has emerged. Mike Ashley and his team will lend money to companies struggling after the retailer collapsed owing £70m to its suppliers, according to Drapers. Read more: Philip Day's Edinburgh Woollen Mill ends business with House of Fraser This comes just a [...]
EU Commission stresses ‘positive elements’ to Chequers proposal following claims that Michel Barnier had said it was ‘dead’ September 6, 2018 The European Commission has played down reports that Michel Barnier said the Chequers plans were “dead”, arguing that the EU's chief negotiator had found "positive elements" to the proposals. Yesterday Labour MP Stephen Kinnock revealed that during private talks Barnier had declared the proposals "dead in the water", claiming he had made it "crystal clear that Chequers is [...]
Ride-hailing firm Taxify enters the electric scooter market September 6, 2018 Embattled ride-hailing firm Taxify has launched its first foray into battery-powered scooters with a debut in Paris, proving the tide might be turning after it was forced out of the UK just three days into operations last year. The firm, which operates in 25 countries across Europe, Africa and Australia, will compete against startups Bird and [...]
Salisbury poisoning: US, France, Germany and Canada back UK on Novichok assessment September 6, 2018 US, France, Germany and Canada have issued a joint statement, saying they agree with UK that Russian government "almost certainly" approved Salisbury poisoning. The statement, issued via the UK government, said leaders of some of the closest allies had "full confidence in the British assessment" that the two suspects were officers of the Russian military unit [...]
Department of Justice to set out charges against North Korean ‘WannaCry hackers’ September 6, 2018 US officials are set to unveil charges against North Korean nationals allegedly behind the cyber attacks which hit the NHS as well as major global institutions last year. The expected charges, which will likely be announced by the Department of Justice later today, relate to both Sony Pictures being hacked in 2014 and the WannaCry [...]
Ford recalls nearly two million cars over faulty seatbelts in the US, Canada and Mexico September 6, 2018 Car giant Ford is recalling around 2 million of its cars after discovering a number of faulty seatbelt pretensioners that are found to be a fire hazard. An investigation by Ford found that the F-150 Regular and SuperCrew cab vehicles in north America have been fitted with the faulty pretensioners, which can generate excessive sparks and [...]
Chapel Down bolsters position as UK’s largest winemaker with new vineyard September 6, 2018 Chapel Down has announced the acquisition of another patch of land in Kent, affirming its position as the largest producer of English wine. The site in Boxley adjoins the company's existing vineyards in the North Downs, meaning it will be able to create England's largest vineyard. It adds 388 acres of land which will be vined [...]