London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
BT’s investors lost faith in Gavin Patterson June 11, 2018 When BT announced last month that it would cut 13,000 jobs, many wondered if it would in fact end up as 13,001. Investor patience had been wearing thin, and chief executive Gavin Patterson had been standing on thin ice for a while. From a peak of nearly 500p in November 2015, BT's share price has [...]
Takeda shareholder group aims to block $62bn Shire deal June 11, 2018 A group of Takeda shareholders is working to block the $62bn (£46.4bn) acquisition of Shire, news agency Reuters reported today. Japanese drug company Takeda is holding a shareholder meeting later this year to approve an issue of new stock to help fund the deal for London-listed Shire. A 130 member group of ex-Takeda employees holds [...]
Whistle Punks takes aim at central London for flagship axe-throwing bar June 11, 2018 We all know the feeling. After a really tough day at work, there's nothing you want more than to throw something. Now all your dreams of post-work relaxation can come true, as a surprising leisure activity is set to hit central London. Urban axe-throwing specialists Whistle Punks are on the hunt for a London flagship [...]
The planet’s plastic addiction is hurting our oceans, so we all must reduce, reuse, and recycle June 11, 2018 Friday was a good day for our oceans and its inhabitants. That’s because it was the UN’s World Oceans Day, when people around the planet could focus their attention on preventing plastic pollution in our waters, and encouraging solutions for change. For businesses like First Mile – whose purpose is to help businesses recycle as [...]
Sir Martin Sorrell mulls over taking legal action against WSJ claims June 10, 2018 Advertising guru Sir Martin Sorrell is considering legal action against the Wall Street Journal (WSJ) after a report claimed to expose details of WPP's investigation into his conduct. City A.M. understands that Sorrell has consulted lawyers following the American media organisation's publication of information relating to his departure from the world's largest advertising firm in [...]
Higher oil prices to boost UK inflation with ECB and Federal Reserve in tightening mood June 10, 2018 Higher oil prices are expected to cause a rebound in UK inflation, adding to expectations that the Bank of England will carry out the rate hike it delayed in May in the coming months. Consumer price index inflation will bounce back in May to a yearly rate of 2.6 per cent in data published on [...]
Outsourcer Interserve could be hit by shareholder backlash after advisory group criticises exec pay June 10, 2018 Interserve could be hit with a shareholder revolt over the pay of its chief executive Debbie White at its annual general meeting (AGM) this week. Shareholder advisory group Glass Lewis has criticised White’s bonus which represents 125 per cent of her salary, the most she could have received under Interserve’s remuneration system. Read more: Outsourcer [...]
Stobart board battle hots up as pressure grows on chair June 10, 2018 The bitter battle for control of the Stobart Group has continued to rage after it emerged today that more than 20 of its executives have signed a letter calling on its chair to resign. The letter to the FTSE 250 company’s board, first reported by Sky News, called on its chair Iain Ferguson to resign [...]
Firms to have to justify pay gap between bosses and workers June 10, 2018 Listed British firms are to be forced to publish and "justify" the pay difference between their chief executives and the rest of their staff. The government will introduce new laws to bring forward the reforms, which will come into force for firms with more than 250 employees from 1 January 2019, with reporting to start [...]
TSB denies boss Paul Pester misled MPs over extent of computer issues June 10, 2018 TSB has denied that its chief executive Paul Pester misled MPs over the extent of a crippling computer meltdown at the bank, after reports that he had seen evidence contradicting his statements to a parliamentary committee. The bank called in IT giants IBM after its migration to new computer systems in April went disastrously wrong, [...]