Activist investor Ed Bramson reportedly approaches shareholders over Barclays investment bank shake-up April 16, 2018 Activist investor Ed Bramson has started approaching Barclays shareholders in an attempt to gain their backing for big changes to the investment bank, according to reports. Bramson, the boss of Sherborne Investors Management, has told large investors he wants the bank to up returns from its investment bank and increase payouts to shareholders, the Sunday [...]
WeWork teams up with two investors to buy City of London’s Devonshire Square for around £580m April 16, 2018 Co-working group WeWork has chosen a City of London site as its biggest acquisition yet. The company has bought up Devonshire Square in a deal with two investors, The Times reported today. WeWork joined forces with Danish pension fund PFA Ejendomme and property investment managers TH Real Estate to buy the 13-building estate for £580m [...]
Bad weather could reduce UK GDP growth – but effects should only be temporary says PwC April 16, 2018 While the UK is currently enjoying the start of a hotter spell, upcoming economic data will still be feeling the effects of the recent cold snap, according to the latest forecasts. GDP growth could fall as low as 0.2 per cent for the first quarter, down from 0.4 per cent at the end of last [...]
AngloGold Ashanti’s boss is stepping down to lead FTSE 250 miner Vedanta Resources April 16, 2018 The boss of South African gold miner AngloGold Ashanti has stepped down to head up FTSE 250 firm Vedanta Resources. Srinivasan Venkatakrishnan (Venkat), who has led the world’s top emerging markets gold producer since 2013, will succeed Vedanta’s interim chief executive Kuldip Kaura from 31 August. Kaura took over after former boss Tom Albanese left [...]
WPP share price falls after Sir Martin Sorrell steps down as chief executive April 16, 2018 WPP’s share price has fallen three per cent this morning after the news chief executive Sir Martin Sorrell was stepping down. Sorrell said in a statement late on Saturday that he would be stepping down from the global marketing giant, following an investigation into alleged misconduct. In a statement announcing his resignation, Sorrell said: “The [...]
Wetherspoon boss Tim Martin: We’ll shut down our social media after privacy, addiction and trolling concerns April 16, 2018 JD Wetherspoon founder Tim Martin today slammed social media sites as he vowed to shut down the pub chain’s Twitter, Instagram and Facebook pages. In the wake of the Facebook privacy scandal as well as the use of social media to troll figures including MPs, Martin said this morning that all accounts would be shut [...]
Brexit is not to blame for Jaguar Land Rover’s job cuts and production changes April 16, 2018 Jaguar Land Rover’s 40,000 British workers will today be furnished with the finer details of how many cars are to roll off the ramps over the next year. Production will be slashed as 1,000 West Midlands jobs are cut at Britain’s biggest carmaker. The firm’s UK sales are down by more than a quarter so [...]
Same old story or a new chapter? The London Book Fair 2018 and what lies ahead for the UK’s publishing industry as Brexit draws closer April 16, 2018 The halls of the Olympia exhibition centre were last week buzzing with the polite frenzy of the 2018 London Book Fair. Sat at hundreds of small tables dotted around more than 2,000 stands, members of the publishing world turned ruthless as they hammered out agreements for territorial and translation rights and negotiated distribution deals for [...]
Our CANZUK friends should be welcome in post-Brexit Britain | City A.M. April 16, 2018 The flags around Parliament Square are up, the hotels, bars, restaurants, and meeting rooms of the City are fully booked, as the heads of 53 Commonwealth governments fly into town. But while we’re rolling out the red carpet for visiting dignitaries, there’s a chillier welcome to their citizens. Britain has never quite found its role [...]
DEBATE: Will blocking junk food ads on social media help to tackle childhood obesity? April 16, 2018 Will blocking junk food ads on social media help to tackle childhood obesity? Caroline Cerny, alliance lead at the Obesity Health Alliance, says YES. Advertising works. The food industry wouldn’t spend millions of pounds a year on advertising if it wasn’t effective. When it comes to children, there is clear evidence that shows the food [...]