City Moves for 28 August – Who’s switching jobs at Oaknorth, King & Wood Mallesons and Baker McKenzie? August 28, 2019 Today’s City Moves includes Oaknorth, King & Wood Mallesons and Baker McKenzie. Oaknorth OakNorth, the next-generation credit platform, has appointed Tiffany Teng as chief of staff, and Bloomberg veteran Jeremy Payne as director of data product. Tiffany was previously at JP Morgan, where she worked on the launch of several products, including Chase Pay and [...]
Consumer group warns shoppers could be ripped off by supermarket deals August 28, 2019 Shoppers are at risk of being ripped off, a consumer watchdog has warned, after an investigation uncovered misleading discounts and special offers at major UK supermarkets. The probe revealed that some supermarkets offer multi-buy deals that cost more, discounts that refer to a price that is not the most recent and offers in which items [...]
Chancellor’s speech cancelled as spending round brought forward August 27, 2019 Chancellor Sajid Javid’s debut spending review has been pushed forward, fuelling speculation of an autumn General Election. Javid was due to set out his vision for the role, and the current state of the economy, in a speech given from Birmingham tomorrow (Wednesday). However, this has been cancelled while the spending round has been brought [...]
Former Uber driverless guru charged with stealing secrets from Google August 27, 2019 One of Uber’s former star engineers is facing years in prison after he was yesterday charged with stealing secrets from Google. Anthony Levandowski, one of the world’s leading developers of driverless technology, allegedly took information with him when he left the search giant’s Waymo unit. Read more: Car crash: Uber shows record loss in new [...]
Purdue to settle for up to $12bn in opioid lawsuits August 27, 2019 Oxycontin-maker Purdue Pharma is set to cough up between $10bn (£8bn) and $12bn to settle more than 2,000 lawsuits over its role in America’s opioid crisis, according to reports. Last week, at least 10 state attorneys general met with lawyers for the Sackler family, which controls the firm, to discuss a deal, NBC reported, citing sources. [...]
Ex-WH Smith boss Kate Swann appointed as Moonpig chair August 27, 2019 Former WH Smith boss Kate Swann, who transformed the stationary retailer during her ten-year stint as chief executive, is preparing to join greeting cards firm Moonpig. Swann, who stepped down as chief executive of catering firm SSP in May this year, has been appointed as chairman of the online company, which is owned by buyout [...]
Papa John’s shares sizzle after appointment of new chief August 27, 2019 Shares in Papa John’s have jumped six per cent, after the company hired the head of US restaurant chain Arby’s as its new chief executive. The world’s third largest pizza chain appointed Arby’s president Rob Lynch today, replacing Steve Ritchie just 19 months after he took the role. Read more: Sainsbury’s partners with Deliveroo on [...]
Britain ‘still attractive for aerospace investment’ despite Brexit uncertainty August 27, 2019 Britain is the fourth-most attractive attractive country to invest in for the aerospace and defence industries, according to research. Despite warnings from major industry players that Brexit uncertainty will hamper investment in the sector, the UK has been named the best European country to invest in, ahead of Germany, by PwC. Countries were ranked on [...]
Facebook libra: Could regulators crush Mark Zuckerberg’s dream cryptocurrency? August 27, 2019 Mark Zuckerberg’s decision this summer to launch a digital currency – Facebook libra – sparked the interest and concern of regulators around the world. Watchdogs have warned that without tight regulations libra could be used for money laundering and financing terrorism. They have also raised concerns over the potential risks it poses to data protection [...]
Home Office ad for EU citizens banned for being ‘misleading’ August 27, 2019 A Home Office advert telling EU citizens how to remain in the UK after Brexit has been banned by the independent watchdog for being “misleading”. The Advertising Standards Authority (ASA) has told the government it must not broadcast a radio advert regarding the EU Settlement Scheme, which originally aired in April this year, saying it [...]