A look back at Mel Stride’s parliamentary career October 23, 2019 The new chair of the Treasury Select Committee is no stranger to the hallowed halls of 1 Horse Guards Road. Mel Stride was formerly a treasury minister for two years under ex-prime minister Theresa May. Read more: Mel Stride unveiled as new Treasury Select Committee chair The former Oxford Union president is best remembered during [...]
Two highs and two lows of ‘Super’ Mario Draghi’s reign at the ECB October 23, 2019 Mario Draghi will tomorrow chair his final monetary policy meeting as president of the European Central Bank (ECB), bringing to an end a dramatic eight years in the job. Read more: Euro plunges as ECB president Mario Draghi signals more stimulus The Eurozone crisis, a long-running argument with Germany, and the US-China trade war are [...]
Aberdeen Standard Investment calls for Just Eat to consider Prosus and Takeaway.com offers October 23, 2019 Takeaway delivery platform Just Eat could be the focus of a bidding war after an investor urged the board to engage with multiple interested parties. Aberdeen Standard Investment called for the Just Eat board to “explore all available options” and engage with Takeaway.com and Prosus, which have both tabled bids for the firm. Read more: [...]
Former Thomas Cook boss says she was forced out over digital direction October 23, 2019 A former Thomas Cook chief executive has said disagreements with the company’s chairman over the future of the company led to her effective dismissal in 2014. Harriet Green told the Business, Energy and Industrial Strategy Committee today she was “incredibly sad” when she was pushed out by former chairman Frank Meysman after three years in [...]
Sports Direct ends two-month wait for new auditor, appointing RSM October 23, 2019 Sports Direct has appointed an auditor two months after Grant Thornton quit as billionaire Mike Ashley’s company’s accountant. Read more: Sports Direct launches ‘skulduggery’ screed against Goals Soccer Centres RSM will now take up the post. The auditor had most recently stepped in to look after Patisserie Valerie’s accounts after the bakery chain became embroiled [...]
Mel Stride unveiled as new Treasury Select Committee chair October 23, 2019 Former Treasury minister Mel Stride has been named as the new chair of the Treasury Select Committee. Stride, the MP for Central Devon, won 263 votes in the race to replace former chair Nicky Morgan, who left the post after she returned to government as culture secretary. The appointment was delayed after Prime Minister Boris [...]
Louis Theroux leaves BBC Studios to launch his own production company October 23, 2019 Louis Theroux has parted ways with BBC Studios to set up his own production company, sparking speculation that the documentary maker could be eyeing deals with streaming rivals. Theroux, who has worked with the broadcaster’s commercial arm for two decades, has set up a new firm called Mindhouse Productions alongside his executive producer Arron Fellows. [...]
Real estate tech company Blueground launches in London October 23, 2019 Blueground, a startup providing tech-driven flexible apartment rentals, is launching in London and has raised $50m (£39m) in a funding round. The real estate tech firm offers Airbnb-style apartment rentals aimed at business travellers, offering rental lengths of one month or longer. Read more: Exclusive: Flexible office space firm Central Working falls into administration Blueground, [...]
Handelsbanken in cost-cutting drive October 23, 2019 Handelsbanken reported a double-digit dip in net profit this morning as it revealed a major cost-cutting strategy. The Swedish lender plans to cut 800 jobs and pull out of several markets globally in an effort to slash annual spending by roughly 1.5bn crowns (£120m). Read more: Four things to watch out for in Metro Bank’s [...]
CBI urges government to protect UK’s booming creative industries after Brexit October 23, 2019 The CBI has called on the government to roll out new measures to protect the UK’s booming creative industries after Brexit. In a report published today, the business group hailed the creative industries as a key driver of growth, with exports of goods and services from the sector now contributing £50bn per year to the [...]