Credit Suisse cuts ex-boss Thiam’s bonus in wake of spying scandal March 25, 2020 The spying scandal that rocked Credit Suisse cost former chief executive Tidjane Thiam part of his bonus in 2019, with his overall compensation falling 15 per cent to 10.7 million Swiss francs (£9.2m). Thiam quit in February after a bitter boardroom battle with chairman Urs Rohner in the wake of the scandal over surveillance of [...]
Halfords suspends dividend after forecasting a 25 per cent drop in sales March 25, 2020 Halfords has suspended its dividend to shore up its balance sheet after forecasting a 25 per cent drop in sales amid the coronavirus outbreak. The retailer anticipates a sharp drop in sales, of around £300m, following the government’s tightening of restrictions, but shares soared 56 per cent in morning trading before trading up 22.63 per [...]
Trump and Congress reach deal on $2 trillion coronavirus stimulus March 25, 2020 US senators and Trump administration officials have reached an agreement on a massive economic stimulus bill to alleviate the economic impact of the coronavirus outbreak, the negotiators said today. The Senate will vote on the $2 trillion (£1.69 trillion) package later in the day and the House of Representatives is expected to follow suit soon [...]
Government under pressure to suspend non-essential construction work March 25, 2020 The government is facing growing pressure to halt non-essential construction work as it tries to grapple with the coronavirus outbreak. In a Downing Street briefing on Tuesday, health secretary Matt Hancock said construction workers could and should continue to work so long as they are two metres apart. “The judgment we have made is that [...]
The Coronavirus Bill: Everything you need to know March 25, 2020 As Britain continues to ramp up its response to the coronavirus outbreak, MPs have voted through a bill that gives the government new powers to tackle the crisis. The Coronavirus Bill, expected to become law this week, has the potential to bring in sweeping changes to our daily lives in a bid to curb the [...]
Amazon and Ebay blasted over failure to crack down on virus profiteers March 25, 2020 Amazon and Ebay are failing to clamp down on coronavirus profiteers using their platforms to sell products at “ridiculous” prices, a new investigation has revealed. Third-party sellers have been accused of exploiting the pandemic to ramp up prices for products that are difficult or impossible to find in local shops. Household items including cleaning products, [...]
Companies given longer to file Companies House accounts amid coronavirus turmoil March 25, 2020 Businesses are to be given an extra three months to file their accounts with Companies House to let them prioritise responding to the coronavirus pandemic, the government announced. Under the measures, which come into force today, any company that applies for an extension to file their results citing Covid-19 will automatically and immediately be granted [...]
Three’s ‘real’ 5G ad banned after mobile rivals file complaint March 25, 2020 An advert promoting Three’s 5G network has been banned after two rival mobile operators said the campaign was misleading. EE owner BT and Vodafone filed complaints to the advertising watchdog about the newspaper and social media ads, which claimed Three was the only provider to offer “real” 5G. Under advertising rules, a brand must be [...]
Bring the actor’s craft to the boardroom March 25, 2020 The ability to think clearly under pressure and remain calm in stressful situations is a skill that many of us wish we could master. Business leaders are expected to give their best performance consistently, while leading in fast-paced environments with time pressures, and adapting their strategy to suit a continuously changing world. Such expectations and [...]
Facebook warns ad business weakened by coronavirus crisis March 24, 2020 Facebook has reported a “weakening” of its advertising business during the coronavirus crisis, despite a surge in people using its services. The social media giant said this evening that in countries taking “aggressive actions” to reduce the spread of the virus, its ads business has been “adversely affected”. However, in the countries hit hardest by [...]