Aviva to cull 1,800 jobs to save £300m per year June 6, 2019 Aviva is set to cut 1,800 jobs over the next three years in a bid to help save £300m per year. The bombshell announcement means the UK insurance giant stands to lose six per cent of its 30,000 workforce under new chief executive Maurice Tulloch. Read more: Aviva CFO to leave in latest leadership shake-up [...]
Auto Trader drives up profit despite market uncertainty June 6, 2019 Online car marketplace Auto Trader raced to a 15 per cent rise in profit in the 2018-19 financial year, its results have shown today, with the company saying it is not worried about Brexit. Read more: Auto Trader profit zooms ahead as advertising spend accelerates The figures Auto Trader’s profit before tax rose 15 per [...]
Southern ranked least trusted operator by transport watchdog June 6, 2019 Southern has been ranked as the least trusted rail operator in the UK, according to new research from the independent transport watchdog. Southern, which is run by Govia Thameslink Railway (GTR), was not trusted by 23 per cent of passengers as of autumn last year, Transport Focus data reveals. Southern’s reputation took a hit in [...]
Watchdog finds no evidence of junk food ads targeted at children after ‘avatar’ sting June 6, 2019 The advertising watchdog has found no evidence of brands deliberately targeting junk food adverts at children online, but has still pledged to stop children from coming across ads for unhealthy food. The Advertising Standards Authority (ASA) today said it did not identify “any clear evidence” of brands trying to deliver ads for products high in [...]
Flyers rejoice: Heathrow may allow passengers to keep liquids in bags June 6, 2019 Flyers passing through security at Heathrow could soon keep liquids and laptops in their luggage. Heathrow said today it is investing more than £50m in a 3D security system based on computed tomography (CT) technology. Read more: 6.8m passengers flew through Heathrow in April Engineers will install the new equipment across Heathrow’s terminals by 2022, [...]
Video streaming to fuel £10bn growth in UK media sector by 2023 June 6, 2019 The surging demand for video streaming services will drive a £10bn growth in the UK’s entertainment and media sector over the next five years, according to a report published today. The booming industry is set to be worth £80bn in 2023, up from the £70bn projected for this year, according to professional services firm PwC. [...]
Ford gears up to close Bridgend plant in September 2020, in ‘hammer blow’ for 1,700 workers June 6, 2019 Ford is preparing to close its factory in south Wales next year, in another blow for Britain’s car manufacturing industry. The move comes as a disaster for the 1,700 workers at the Bridgend plant, which makes petrol engines. Read more: Ford announces 7,000 job cuts across the globe Ford confirmed this afternoon it was consulting [...]
City Moves for 6 June – Who’s switching jobs? June 5, 2019 Today’s City Moves include Kantar, BGF and Growthdeck. Kantar Kantar, the world’s leading marketing insights and consulting company, announced the appointment of Nathalie Burdet as chief marketing officer (CMO). Nathalie is appointed from her current position as global marketing leader of Kantar’s Insights division. She additionally joins the Kantar Board. Nathalie replaces Mandy Pooler, who [...]
Fiat Chrysler withdraws Renault merger plans after French doubts June 5, 2019 Automotive giant Fiat Chrysler withdrew its proposal to merge with rival Renault late last night, but said it was still “firmly convinced” of the deal’s potential. An apparent lack of enthusiasm from the French government, which owns 15 per cent of Renault and had requested the deal be postponed, prompted Fiat to withdraw its offer. [...]
Autonomy trial: Meg Whitman ‘ready to throw Leo under bus’ for failed merger June 5, 2019 Former HP chief executive Meg Whitman was prepared to throw her predecessor “under the bus“ and blame him for the tech giant’s failed £8.4bn acquisition of Autonomy, a court heard yesterday. In an email to HP’s head of communications in 2012 Whitman said she was “happy to throw Leo under the bus in a tit for tat”. Read more: HP not suing Autonomy [...]