Power to the People: What’s really behind the People’s Vote power struggle November 18, 2019 The bitter row among rival factions in the People’s Vote campaign ostensibly came to an end last week when controversial chairman Roland Rudd resigned. Rudd, also chairman of PR firm Finsbury, faced three weeks of public insurrection from staff after sacking People’s Vote director James McGrory and communications chief Tom Baldwin in what was described as a “boardroom coup”. Read more: [...]
Top MP denies British interference in Hong Kong after Chinese ambassador’s warning November 18, 2019 A senior Tory MP has denied that the UK is interfering in foreign affairs after the Chinese ambassador to London blasted Western countries for their response to the Hong Kong crisis. In a speech today Liu Xiaoming accused the government and the influential foreign affairs committee of making “irresponsible remarks” and taking the side of [...]
Corporate sponsors review links to Duke of York’s Pitch@Palace scheme after disastrous interview November 18, 2019 FIRMS are under scrutiny over their support for Prince Andrew’s Pitch@Palace initiative, as the fallout from the Duke of York’s weekend interview regarding his relationship with convicted sex offender Jeffrey Epstein continues. Founding partner of the entrepreneurs’ mentoring scheme KPMG is said to have decided not to renew its sponsorship, which expired at the end of last month. It [...]
Ex-Stobart boss courts City heavyweights to back Eddie Stobart rescue bid November 18, 2019 Former Stobart boss Andrew Tinkler is reportedly lining up heavyweight City support for his proposed financing package for struggling haulier Eddie Stobart. City A.M. revealed yesterday that Tinkler was putting together a £75m financing package for the ailing firm and had the backing of 11.8 per cent shareholder the Stobart Group. “Shareholders do take my [...]
Outernet signs deal for ‘world’s largest’ LED screen deployment November 18, 2019 Outernet, a new immersive advertising and live entertainment space under construction in central London, has secured a deal to install the world’s largest deployment of LED screens. Outernet today said it has signed an agreement, understood to be worth millions of pounds, with Chinese display manufacturer AOTO to provide 8K, 360-degree floor-to-ceiling screens. Read more: [...]
Volkswagen cuts forecasts amid downturn in passenger car demand November 18, 2019 German car maker Volkswagen has cut its forecasts for operating profit and sales growth because of a downturn in demand for passenger cars. “It is fair to say that the very best of the party is over,” chief financial officer Frank Witter told analysts. Volkswagen has become the latest automotive giant to warn that the [...]
Thousands of Disney Plus accounts hacked days after launch November 18, 2019 Thousands of accounts linked to Disney’s new streaming service have reportedly been hacked after scammers preyed on eager subscribers. Since Disney Plus launched last week, hackers have stolen thousands of accounts and put them up for sale on the dark web, according to an investigation by Zdnet. Read more: Disney secures more than 10m subscribers [...]
‘Unforgivable’: Property tycoon Robert Tchenguiz blasts First Group management amid calls for sale of US assets November 18, 2019 Directors at First Group have been branded “immature” by major investor and property tycoon Robert Tchenguiz, as shareholders demanded the struggling transport giant launch a full strategic review and sell off its US businesses. The bus and rail operator is in the process of selling its US coach service Greyhound, but said earlier this year [...]
Liberal Democrat Sam Gyimah reported to police over comments about Grenfell November 18, 2019 A Labour election candidate has reported Tory-turned-Liberal Democrat Sam Gyimah to the police over “inaccurate and dangerous” allegations about her role in the Grenfell. Emma Dent Coad – a Jeremy Corbyn ally who won Kensington and Chelsea in 2017 – has made the complaint after Gyimah told City A.M. that she and other Kensington Council [...]
Trump administration grants Huawei another 90-day reprieve on trade ban November 18, 2019 US President Donald Trump’s administration has issued a fresh 90-day extension allowing American companies to continue doing business with controversial Chinese tech firm Huawei. In May the US added Huawei to a trade blacklist, citing concerns its technology could be used for spying by authorities in Beijing. Read more: Huawei rewards staff with $286m in [...]