BP CEO Bob Dudley to retire, Upstream boss Bernard Looney named successor October 4, 2019 BP chief executive Bob Dudley will quit his post at the top of the oil giant by the end of March 2020, the company said today. Bernard Looney will replace Dudley as CEO, leaving his current role as chief executive of Upstream. “It has been the privilege of a lifetime to serve this company and [...]
New RIBA exhibition reveals Britain’s Bauhaus heyday October 4, 2019 As schools of architecture go, the Bauhaus is surely one of the most famous. Founded in 1919 in Weimar, Germany and operational until political unrest forced it to close its doors in 1933, the school aligned itself closely with modernism and espoused a whole ideology based around unfussy, functional design with a social purpose. A [...]
New builds: Homes on the market in London this week, from a former Bermondsey pub to a Deptford tower with City views October 4, 2019 196 Southwark Park Road, Bermondsey From £450,000 for a one-bed Bermondsey is often ranked as one of London’s best places to live thanks to its food, drink and culture scenes, transport connections and relative affordability. If you want a piece of the action, Orchard Homes Group has just launched eight apartments and two houses at [...]
Could the Prime Minister’s fledgling Brexit plan end this paralysing uncertainty? October 4, 2019 “Unrealistic and damaging proposals”, or a “genuine attempt to bridge the chasm”? That was the debate raging in parliament yesterday, as the Prime Minister briefed MPs on his new plan for a Brexit deal. The reaction to Boris Johnson’s innovative attempt to break the Brexit deadlock has been mixed. Labour and the Liberal Democrats have [...]
Green finance is still stuck in the slow lane after New York Climate Week October 4, 2019 Attendees to New York Climate Week were treated to the city at its late-September finest – blue skies, warm sunshine, and a hint of fall colour creeping into the leaves of Central Park. Unfortunately, the beauty of this backdrop did not inspire enough concrete action on climate change. For many, the overriding feeling from last [...]
Boris can talk a good pro-market game, but matching policies are yet to follow October 4, 2019 This government, unlike governments before it, is not afraid to announce its pro-market and pro-enterprise philosophy. Boris Johnson’s declaration of support for capitalism on stage at the Conservative party conference is not exactly the stuff of breaking news headlines. But while it may not be newsworthy, it is certainly noteworthy, as it represents a huge [...]
Taxes too high where you live? It’s time to vote with your feet October 4, 2019 Moving is the ultimate form of tax avoidance. It is legal and effective – although rather drastic. Often we think in terms of a person or business relocating from one country to another. Last year Sir Jim Ratcliffe, Britain’s richest businessman, decided to move to Monaco. In 2010, his company Ienos moved its headquarters to [...]
DEBATE: Should we be worried about yesterday’s services sector PMI data? October 4, 2019 Should we be worried about yesterday’s services sector PMI data? Simon Wilson, director at Icon Solutions, says YES. The UK services sector represents around 80 per cent of our overall economic output, so a contraction in this area should set alarm bells ringing for economists and business owners. The City serves as the engine of [...]
DEBATE: Can we really foresee a time when owning status symbols will be a thing of the past? October 4, 2019 Can we really foresee a time when owning status symbols will be a thing of the past? Mark Davis, co-founder and creative director of property branding agency me&dave, says YES. It’s already happening. The way we live is changing, as are the things we care about, and this is affecting our attitudes to the old [...]
UK still an attractive place to invest despite Brexit uncertainty, report finds October 4, 2019 The UK has retained its position as one of the world’s leading hubs for business, according to a new report which suggest investors have taken a ‘wait-and-see’ approach towards Brexit. In a comprehensive global index released this morning, the UK was ranked as one of the best global hubs for business, scoring highly for its [...]