IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
Connect Airways appoints new CEO as it awaits EU approval for Flybe deal June 12, 2019 Connect Airways, the consortium that has purchased Flybe, has appointed former Virgin Atlantic’s customer chief Mark Anderson as its chief executive. Connect Airways, which is made up of Virgin Atlantic, Stobart and hedge fund Cyrus Capital, is currently waiting for the merger clearance from the EU commission, which is expected in July. Read more: Flybe [...]
Publishing platform Minute Media raises $40m in funding round June 12, 2019 Digital publishing platform Minute Media has raised $40m (£31m) in a funding round as it looks to ramp up its “aggressive” acquisition strategy. Minute Media said it has secured the investment from new investors Hamilton Lane and Maor Investments, alongside its existing backers. The latest round takes the firm’s total funding to $120m. Read more: [...]
Vote against Nissan chief executive Hiroto Saikawa at upcoming AGM, say proxy shareholders June 12, 2019 Pressure is mounting on Nissan chief executive Hiroto Saikawa ahead of a vote on his re-election as a director at the firm later this month. Two of the world’s largest proxy voter services, ISS and Glass Lewis, have recommended shareholders do not retain him at the helm of the Japanese car maker. Read more: Nissan [...]
Gympass secures $300m in Softbank-led funding round June 12, 2019 Gympass has raised more than $300m (£236m) in a funding round led by Japanese investment giant Softbank. Read more: Softbank earns $11bn for selling some of its huge Alibaba stake The corporate fitness platform, which offers flexible gym memberships, said it has secured the funding from Softbank’s Vision Fund and existing investors. Softbank’s Latin America [...]
Slamming on the brakes: Chinese car sales suffer steepest ever annual decline June 12, 2019 The Chinese car market suffered its largest ever monthly sales drop in May, bolstering concerns around the country’s economic slowdown. Sales fell 16.4 per cent last month compared to the same period last year, said the China Association of Automobile Manufacturers (CAAM). The drop is the 11th straight month of decline, after falls of 14.6 [...]
Sorrell poaches two media execs with links to WPP for his S4 Capital venture June 12, 2019 Sir Martin Sorrell has hired a former WPP executive for his new venture S4 Capital in the ad veteran’s latest broadside against his old firm. Scott Spirit, who was ousted by WPP just months after Sorrell’s abrupt departure last year, will join S4 Capital as chief growth officer and board member. Read more: S4 Capital [...]
Boris Johnson ‘not aiming’ for no-deal Brexit but warns against further delay June 12, 2019 Boris Johnson said he was not aiming for a no-deal Brexit but that it was responsible to prepare for such an outcome, as he launched his bid to become Prime Minister. The former London mayor made his pitch to Tory MPs and party members this morning as he kicked off his campaign to replace Theresa [...]
ECB and IMF chiefs warn trade headwinds could damage European integration June 12, 2019 The president of the European Central Bank (ECB) and the head of the International Monetary Fund (IMF) have today warned that global trade “headwinds” could damage growth in Europe. Read more: Eurozone investors gloomy as trade war continues to rage They cautioned that the vulnerability of Europe’s emerging eastern economies to the current global slowdown [...]
Facebook to create 500 tech jobs in London as it opens new engineering hub June 12, 2019 Facebook has said it will create 500 new tech jobs in London by the end of the year as it launches a new engineering centre in Soho. Roughly 100 of the new roles will be in artificial intelligence, with many of the employees working to detect and remove malicious content, fake accounts and other harmful [...]
Boris Johnson warns further Brexit delay will spell Tory general election defeat June 12, 2019 Boris Johnson will officially launch his Tory leadership campaign today as one poll suggests he would comfortably win a general election as Prime Minister. Johnson, seen as the frontrunner among MP’s, Tory party members and bookmakers, will tell supporters the UK must leave the European Union on 31 October and that further delays would spell [...]