Internet research boosts pay as Londoners turn to online learning February 26, 2020 Internet research drives as much as 10 per cent of the UK’s economic output, new figures have revealed, as proactive Londoners use online resources to learn new skills and boost their efficiency. More than 80 per cent of the capital’s workforce use online learning to help with work at least once a month, while 70 [...]
IFS: Borrowing could surge to five-year high February 26, 2020 The UK’s borrowing could balloon to £63bn next year, a five-year high well above both the most recent forecast and this year’s borrowing figure, an influential think tank has said. The Institute for Fiscal Studies (IFS) also warned that the government would “undermine any credibility” in its spending rules if it ditches its pledge to [...]
Prime Minister announces foreign policy “overhaul” in biggest review since Cold War February 25, 2020 Boris Johnson will today launch a fresh review into Britain’s foreign and defence policy, as he seeks to redefine the nation’s national security position post-Brexit. The Integrated Review, which will look into the UK’s foreign, defence, security and development policies, is set to be the largest government-led review since the end of the Cold War. It [...]
Juul forces out two executives as struggles continue February 25, 2020 E-cigarette maker Juul has forced out two top executives as the company struggles to expand overseas and faces increased regulatory scrutiny. Grant Winterton, who was president of Juul Europe, Middle East, and Africa (EMEA), resigned, according to a memo sent to staff today. Ken Bishop, Juul’s president of Asia-Pacific South, also stepped down. Winterton wrote: [...]
Breaking: Disney chief executive quits February 25, 2020 Disney’s chief executive has stepped down with immediate effect and been replaced by the head of its theme parks division, as the entertainment giant pivots towards streaming. The world’s largest media company late last night made the unexpected announcement that chief executive officer (CEO) Bob Iger has resigned after 15 years at the helm. Bob [...]
Embattled building supplies firm turns to ex-Patisserie Valerie boss as sales crumble February 25, 2020 Building supplies firm SIG today parachuted in the former boss of Patisserie Valerie in a major overhaul of its management team. Meinie Oldersma will be replaced by former head of cafe chain Patisserie Valerie Steve Francis. SIG, which supplies insulation and roofing products, saw shares slip 17 per cent on the news. Francis will be [...]
Stage set for new Brexit collision as UK and EU clash over level-playing field February 25, 2020 The stage is set for a head-on collision during the first round of trade talks between the UK and EU next week, with both sides standing firm over the level-playing field. Brussels published its negotiating mandate this afternoon, having been signed off by the EU27 member states, reaffirming its position that the UK must agree [...]
Gina Miller calls for review of Andrew Bailey’s Bank of England role after ‘toxic’ FCA tenure February 25, 2020 Campaigner and asset management boss Gina Miller today called for a review of Andrew Bailey’s appointment as governor of the Bank of England after his “toxic” tenure as head of the City watchdog. Miller’s True and Fair campaign today published as a report called “Asleep at the wheel” about the string of City scandals during [...]
Crossrail reviews safety procedures after a string of ‘near misses’ February 25, 2020 Crossrail has conducted a review of its safety assessment measures, after a spate of incidents where construction workers almost seriously injured. City A.M. exclusively reported in December that “high risk incidents” in the construction of the £18.25bn train line doubled last year. These incidents, known as as high potential near misses, “could have resulted in [...]
Activist Edward Bramson renews attack on Barclays amid Jeffrey Epstein probe February 25, 2020 Activist investor Edward Bramson has renewed his criticism of Barclays after the lender revealed the UK’s financial watchdogs are looking into the relationship between its chief executive and disgraced financier Jeffrey Epstein. In a letter to shareholders, Bramson – whose Sherborne Investors is the third-biggest Barclays shareholder – said the probe was “another example of [...]