Ozwald Boateng’s guide to success and being the best-dressed man in London September 15, 2016 The designer’s rise to the top of the fashion world is a true rags to riches tale, writes Helen Cahill If you measure a man by the cut of his suit, then Ozwald Boateng is the most successful man in London. Boateng started making suits at the age of 16. He was the first black tailor [...]
BlackRock piles into €2bn VW investor lawsuit September 15, 2016 The world's largest money manager, BlackRock, is adding considerable weight to a pile of investors who want cash from Volkswagen over emissions rigging. Law firm Quinn Emanuel will file the suit on behalf of a group of investors – including BlackRock – who are seeking a total of €1.3bn (£1.1bn). Earlier this year Quinn Emanuel [...]
Swedish teleco hit with $1.4bn fine for bribery September 15, 2016 Authorities in the US and the Netherlands have presented Swedish telecom carrier Telia Company AB with a $1.4bn (£1bn) bribery charge. It’s alleged Telia distributed hundreds of millions of dollars in bribes to secure business in Uzbekistan in 2007. The suggested fine would be one of the largest ever under the US Foreign Corrupt Practices Act [...]
Survey reveals “chronic gender disparity” in investment management roles September 15, 2016 Three-quarters of institutional investors do not believe all-male investment management teams are a drag on performance, worrying new research into gender diversity across the financial services sector has found. In a survey for the Chartered Financial Analysts (CFA) Institute, just 27 per cent of people working for institutional funds said mixed teams at investment management firms led to a better performance. [...]
MPs to launch new investigation into excessive boardroom pay September 15, 2016 MPs will launch a wide-ranging review into executive pay tomorrow after prime minister Theresa May promised to get tough on the country's top paid bosses. The Business, Innovation and Skills (BIS) Committee will unveil the terms of a corporate governance inquiry tomorrow, which will look at the issue of what to do about runaway executive pay [...]
I want to build a national consensus on Britain’s bright post-Brexit future September 15, 2016 Napoleon is said to have once described Britain as a nation of shopkeepers. It was not meant as a compliment, but it highlighted one of our country’s biggest and most enduring strengths. We are one of the great trading nations of the world and the decision taken by the people to leave the EU will [...]
Drinks industry body and local companies file lawsuit in bid to halt Philadelphia sugar tax on soft drinks September 15, 2016 A US drinks industry body and small businesses have launched a lawsuit to try to block a soft drinks tax in the US city of Philadelphia. The city council voted in favour of the tax in June, which will introduce a levy of 1.5 cents per ounce to sugar-sweetened soft beverages in January. Proceeds from [...]
Autumn Statement 2016: Businesses tell Philip Hammond to cut national insurance September 15, 2016 Business leaders want Philip Hammond to cut the cost of employment in his first Autumn Statement as chancellor, rather than indulge in headline-grabbing measures like slashing corporation tax. Accountants EY found 64 per cent of top decision makers at both UK firms and multinationals with a big presence here said reducing the cost of national insurance [...]
Guardian cuts extend to US as newspaper group aims to break even in America September 15, 2016 The Guardian’s cuts are being extended to the United States, with around 30 per cent of staff across the pond at risk. The loss-making UK-based newspaper publisher, which has set up operations in the US and Australia in recent years, reported a total loss of £173m in its 2015/16 financial year. Read more: First the cafe, [...]
The next Singapore: Britain must seize this opportunity to slash tax and regulation September 15, 2016 I have always been torn over Britain’s relationship with Europe. While I share the loathing of the most passionate Brexiteer for the arrogance of the Brussels elite and their job-destroying regulations, I also fear the largely unintended consequences of what EU withdrawal will mean both for Britain in terms of prosperity and influence, and for [...]