Outgoing John Lewis boss Paula Nickolds in line for £750,000 payoff January 12, 2020 The outgoing managing director of John Lewis Partnership is in line for a £750,000 payoff. Paula Nickolds announced her departure last week following the company’s profit warning, just three months after being appointed as the partnership’s head of brand. The Sunday Times reported that Nickolds was offered a payoff at the time of the restructuring, [...]
Bank of England’s Sam Woods warns of crackdown on the City January 12, 2020 Deputy Bank of England governor Sam Woods has warned the City that it could face a crackdown by regulators as they try to ensure the financial system remains safe a decade on since the financial crisis. Woods – who is chair of the BoE’s Prudential Regulation Authority (PRA) which oversees lenders and insurers – told [...]
Michael Gove set for promotion in new Boris Johnson cabinet January 12, 2020 Michael Gove is reportedly set for an expanded role in the new Boris Johnson cabinet, while a number of high-profile figures may be destined for the chop. The Duchy of Lancaster’s role in Johnson’s first cabinet was as master planner for a potential no-deal Brexit. Read more: Boris Johnson prepares mini-cabinet reshuffle as new Tory [...]
Channel 4 under fire over BP Paralympics sponsorship January 12, 2020 Channel 4 has come under fire from climate activists after it announced that BP will sponsor its coverage of the 2020 Paralympic Games in Tokyo. Environmental evangelists have taken aim at the broadcaster for accepting money from the oil giant, which is one of the world’s largest contributors to fossil fuel emissions. Read more: Boris [...]
Three-quarters of London businesses think HS2 is too expensive January 12, 2020 Almost three-quarters, 74 per cent, of London businesses think the controversial HS2 rail line has become too expensive, according to new polling. The Savanta ComRes/London Chamber of Commerce and Industry (LCCI) poll also found that 64 per cent of the capital’s business leaders thought “the project has or will cause too much disruption”. Read more: [...]
Labour leadership race: Rebecca Long-Bailey rejects Corbyn comments that Labour ‘won the argument’ at election January 12, 2020 Labour leadership hopeful Rebecca Long-Bailey has rejected Jeremy Corbyn’s claims that the party won the argument at the election and criticised its campaigning efforts. Corbyn defended Labour’s efforts at the election last month – which delivered the party its worst electoral defeat since 1935 – saying that it “won the argument”. Read more: Long-Bailey gives [...]
TSB risk chief Iain Laing steps down after IT meltdown January 12, 2020 TSB’s chief risk officer Iain Laing has become the latest executive to part ways with the bank as it reels from the fallout of a massive IT meltdown. Laing will step down at the end of January after three years in the role and will be replaced by chief audit officer Carlos Paz, who joined [...]
ITV holds talks with BT as it eyes Champions League broadcast rights January 12, 2020 ITV is said to be in discussions with rival BT as it looks to secure broadcast rights to Champions League football matches. The public service broadcaster is eyeing up a bid for a package of games held by the telecoms giant after losing out in an auction in November, the Sunday Times reported. Read more: [...]
UK accuses Iran of violating international law for arresting ambassador January 12, 2020 The UK has accused Iran of a “flagrant violation of international law” after its ambassador was arrested returning from a vigil for those who died when the Islamic Republic shot down a passenger plane on Wednesday. Rob Macaire was arrested after the vigil turned into a protest against the Iranian regime, which he was accused [...]
Ireland and ex-top EU official disagree on UK trade deal timetable January 12, 2020 Ireland’s foreign minister has claimed a UK-EU trade deal will take more than a year to complete, putting him at odds with the European Commission’s former top civil servant. Boris Johnson has set a deadline of 31 December to thrash out a deal on the future trading agreement with the EU, after Britain leaves the [...]