Tesco directors were responsible for ‘bullying’ employees into false accounting collusion September 29, 2017 Three former Tesco directors have been called "bullies" in court as their trial for fraud and false accounting draws to a close. Former Tesco UK managing director Christopher Bush, former commercial director for food John Scouler, and former finance director Carl Rogberg were today described as the "generals" who gave orders to the "footsoldiers" by [...]
Why it’s so important to bridge the parallel worlds of globalism and populism September 29, 2017 | City Talk For a better understanding of how the rise of populism, a reduction in the size of the middle class, and a decrease in social mobility could affect the future of the investment management industry, we spoke with Giuseppe Ballocchi, CFA. In the interview, Ballocchi examines what populism is and explores globalisation, the role of [...]
The City of London has elected its 690th Lord Mayor September 29, 2017 The City of London has elected its 690th Lord Mayor – a former PwC partner who will represent the City's interests during one of the most unsettled periods in its history. Charles Bowman, formerly a non-executive director of PwC's tax practice and the man who set up its audit and assurance practice looking after its [...]
£1bn Northern Line extension under threat as TfL fails to reach a deal with Battersea developers September 28, 2017 A critical part of Transport for London's (TfL) £1bn extension to the Northern Line may remain mothballed until it can resolve a dispute over financing with Battersea Power Station's developers, one of its chiefs said today. Stuart Harvey, TfL's major projects director, told the London Assembly's budget and performance committee that keeping Battersea Station closed [...]
The changing face of careers: How to plan for an un-retirement September 27, 2017 | City Talk Trish Wheaton, former global managing partner of one of the world’s largest communications groups, is grateful that she could work for 30 years in advertising — an industry notorious for employing youthful ‘mad men’. While she wasn’t surprised when told that her time was up at age 65, she also wasn’t ready for a [...]
Stop sending me inane banal research September 27, 2017 This article is the product of profound irritation. The kind that nags at the periphery on most days, but transforms into full-blown rage each time another email titled “New research has found…” arrives. If you want to know what I mean, take a look at some of the “research” headlines gracing my inbox. A clothes [...]
EasyJet’s electric plane plans are taking off with start-up Wright Electric: Here’s how the aircraft will look September 27, 2017 EasyJet is looking to charge up its electric credentials in a tie-up with US company Wright Electric to develop passenger aircraft powered by electric batteries. The low-cost carrier wants the planes to fly passengers on its short-haul routes. The airline's interest in the US start-up, which was founded last year, emerged in March, with Wright [...]
Goldman Sachs enters British savings market September 27, 2017 S investment banking giant Goldman Sachs today entered the British savings market with a leading rate which will add to pressure on incumbents. The bank's Marcus brand, named after one of its founders, will offer an annual equivalent rate of 1.5 per cent, which includes a 12-month bonus rate of 0.15 per cent. The [...]
It’s all fun and games, until Labour crashes the economy September 27, 2017 Labour is “war-gaming” crashing the economy. That’s not the exaggerated spin of the hysterical mainstream media – it’s the words of shadow chancellor John McDonnell himself. McDonnell told Momentum activists at a Labour conference fringe event on Monday night that “people want to know we’re ready” for the chaos that could hit if the party [...]
These are the world’s 50 most valuable brands of 2017 September 25, 2017 Apple and Google have once again take the two top spots in a list of the world’s 100 most valuable brands, according to rankings by consultancy group Interbrand. Five UK firms made into into the 2017 best global brands list. These were Burberry, HSBC, Land Rover, Smirnoff and Johnnie Walker. This is the fifth consecutive [...]