Entertainment One shares jump as it denies reports of senior executive exit June 6, 2019 Shares in Entertainment One jumped as much as 15 per cent this morning after it rebuffed reports that boss Mark Gordon was in talks to leave the company. Read more: Profits slip at Entertainment One after £61m write down President and chief content officer Mark Gordon is reportedly set to leave his role amid a [...]
Henderson Smaller Companies in good shape June 6, 2019 | Sponsored (Janus Henderson) Neil Hermon, Fund Manager of Henderson Smaller Companies Trust, says he is confident in his portfolio despite economic and political uncertainties.
Tech firms urge Tory leadership candidates to back UK’s digital sector June 6, 2019 Tech firms have issued a desperate plea to candidates in the Tory leadership race, urging them to avoid a no-deal Brexit and back the UK’s booming digital sector. Tech UK, which represents more than 900 businesses, has written to the candidates warning of “long-lasting and damaging consequences” of a no-deal Brexit for tech investment and [...]
Barclays and RBS fined in forex rigging scandal June 6, 2019 Five banks including Barclays and Royal Bank of Scotland have been hit with a SFr 90m (£71.39m) fine for fixing the foreign exchange market. Traders at Barclays, Citigroup, JP Morgan, RBS and UBS took part in a “three way banana split” cartel between 2007 and 2013 to manipulate the forex market, the Swiss competition regulator [...]
Aviva to cull 1,800 jobs to save £300m per year June 6, 2019 Aviva is set to cut 1,800 jobs over the next three years in a bid to help save £300m per year. The bombshell announcement means the UK insurance giant stands to lose six per cent of its 30,000 workforce under new chief executive Maurice Tulloch. Read more: Aviva CFO to leave in latest leadership shake-up [...]
Southern ranked least trusted operator by transport watchdog June 6, 2019 Southern has been ranked as the least trusted rail operator in the UK, according to new research from the independent transport watchdog. Southern, which is run by Govia Thameslink Railway (GTR), was not trusted by 23 per cent of passengers as of autumn last year, Transport Focus data reveals. Southern’s reputation took a hit in [...]
Watchdog finds no evidence of junk food ads targeted at children after ‘avatar’ sting June 6, 2019 The advertising watchdog has found no evidence of brands deliberately targeting junk food adverts at children online, but has still pledged to stop children from coming across ads for unhealthy food. The Advertising Standards Authority (ASA) today said it did not identify “any clear evidence” of brands trying to deliver ads for products high in [...]
Flyers rejoice: Heathrow may allow passengers to keep liquids in bags June 6, 2019 Flyers passing through security at Heathrow could soon keep liquids and laptops in their luggage. Heathrow said today it is investing more than £50m in a 3D security system based on computed tomography (CT) technology. Read more: 6.8m passengers flew through Heathrow in April Engineers will install the new equipment across Heathrow’s terminals by 2022, [...]
Video streaming to fuel £10bn growth in UK media sector by 2023 June 6, 2019 The surging demand for video streaming services will drive a £10bn growth in the UK’s entertainment and media sector over the next five years, according to a report published today. The booming industry is set to be worth £80bn in 2023, up from the £70bn projected for this year, according to professional services firm PwC. [...]
Fiat Chrysler withdraws Renault merger plans after French doubts June 5, 2019 Automotive giant Fiat Chrysler withdrew its proposal to merge with rival Renault late last night, but said it was still “firmly convinced” of the deal’s potential. An apparent lack of enthusiasm from the French government, which owns 15 per cent of Renault and had requested the deal be postponed, prompted Fiat to withdraw its offer. [...]