MPs slam tumble dryer company Whirlpool over attitude to safety November 1, 2019 MPs today slammed tumble dryer company Whirlpool for its attitude to safety and its use of non-disclosure agreements (NDAs). A report by the Business, Energy and Industrial Strategy (BEIS) Committee declared it “astonishing” that four years on from Whirlpool revealing defects in its tumble-dryers that as many as 800,000 defective machines could still be present [...]
Galliford Try joins the Winters of discontent October 31, 2019 Standard Chartered, Lloyds Banking Group, Aviva and BT Group: even the Investment Association (IA) must have been surprised by the rich seam of targets it uncovered when it launched a campaign to curb the lavish pension perks enjoyed by the chief executives of listed companies. A quarter of FTSE 100 bosses have seen their pension [...]
Ex-Wework CEO Adam Neumann accused of pregnancy discrimination October 31, 2019 Ousted Wework chief executive Adam Neumann has been accused of discrimination by his former chief of staff, who has said she was belittled at the company for getting pregnant and then ultimately fired when she raised concerns. Read more: Wework could be worth ‘zero,’ says Bill Ackman Medina Bardhi alleged in a filing to the [...]
Google, Apple and Facebook enabling illegal slave sales, investigation finds October 31, 2019 Tech giants Google, Apple and Facebook are enabling an illegal online slave market in which domestic workers are bought and sold through apps, a BBC News Arabic investigation has found. Google and Apple have approved and provided apps used for the sale of domestic workers on their app stores, while programme-makers found hundreds of domestic [...]
Chaos at People’s Vote as staff threatened with sack October 31, 2019 The People’s Vote campaign was plunged further into chaos yesterday as workers were threatened with the sack and staff in turn held a vote of no-confidence in the organisation’s chair. Read more: People’s Vote staff on strike after director ousted The second referendum campaign group has been in disarray in recent weeks due to bitter [...]
Fosun set to buy up Thomas Cook name October 31, 2019 Chinese investment conglomerate Fosun looks set to snap up the Thomas Cook brand along with the intellectual property assets of the failed travel company. Read more: Thomas Cook bosses point finger at government as MPs slam high pay Fosun is the frontrunner to purchase the Thomas Cook assets, having pulled ahead of rivals such as [...]
City chiefs hit back after Jeremy Corbyn criticism October 31, 2019 City chiefs hit back at Jeremy Corbyn last night after the Labour leader launched a stinging personal attack on some of the country’s most prominent business figures. Retail tycoon Mike Ashley, branded a “bad boss” by Corbyn, told City A.M. the Labour leader was “clueless” and accused him of lying. Read more: Tories tap up [...]
Judgment imminent in Lloyds’ shareholders £600m financial crisis-era group action October 31, 2019 The long-awaited judgment in a financial crisis-era shareholder action against Lloyds Banking Group and five former directors of Lloyds TSB is expected imminently, according to people close to the case. The £600m claim focused on Lloyds TSB’s acquisition of HBOS in autumn 2008 at the height of the financial crisis. The claimant group of 300 [...]
Donald Trump slams Jeremy Corbyn and says Boris Johnson’s Brexit deal a block to US trade October 31, 2019 US President Donald Trump has waded into the UK General Election debate, saying Labour leader Jeremy Corbyn would be “so bad” for Britain. Yet Trump also warned Prime Minister Boris Johnson that “certain aspects of” his Brexit deal mean the US “can’t make a trade deal with the UK,” despite the Trump administration wanting to. [...]
Live: Donald Trump wades into General Election debate in Nigel Farage interview October 31, 2019 US President Donald Trump has waded into the UK General Election in typical style, saying Jeremy Corbyn would be “so bad” for Britain. Read more: General Election: Jeremy Corbyn pledges to go after ‘greedy bankers’ In an interview with Brexit party leader Nigel Farage on London’s LBC radio, the President said: “Your country has tremendous [...]