Go-Ahead appoints interim chief financial officer Elodie Brian as finance boss June 5, 2019 The Go-Ahead Group has appointed former Southeastern finance director Elodie Brian as its chief financial officer. Brian has been operating as the group’s interim CFO since December 2018, having previously worked as finance and contracts director at Southeastern, one the group’s franchises. Go-Ahead chief executive David Brown said: “I am delighted that Elodie can build [...]
BT to close 90 per cent of its UK offices June 5, 2019 BT Group will shut offices in more than 270 locations across UK as it seeks to cut £1.5bn in costs. The telecoms company is to slash its number of offices across the UK by 90 per cent, leaving just 30 open. In some locations, existing buildings will be refurbished while in others BT will move [...]
Woodford dropped by St James’s Place as manager of £3.5bn of its funds June 5, 2019 Neil Woodford has been dropped by St James’s Place as manager of £3.5bn of its funds. The wealth manager said today it had terminated its mandates with Woodford Investment Management, appointing Columbia Threadneedle and RWC Partners in its place. A spokesperson for St James’s Place said the firm had “been keeping a close eye on [...]
Babcock charts its way back to success with plan to bolster earnings growth June 5, 2019 Babcock draws up plan to boost earnings growth
Challenger bank PCF posts profit surge and adds new business June 5, 2019 AIM-listed UK bank PCF posted a 57 per cent profit surge as its lending portfolio continued to grow rapidly in the first half of the year. The specialist lender said profit rose to £10.1m in the six months to the end of March. Read more: Challenger banks struggle to compete with big five on cash [...]
Trump and Queen mark D-Day sacrifices in Portsmouth June 5, 2019 US President Donald Trump and Queen Elizabeth today joined world leaders today to mark the 75th anniversary of the D-Day landings. Nearly 300 parachutists jumped out of planes over the fields of France earlier today, after having flown over from Cambridgeshire. “The wartime generation – my generation – is resilient, and I am delighted to [...]
Tory leadership rivals Rory Stewart and Sam Gyimah caught in Westminster war of words June 5, 2019 Tory leadership tensions spilled over into parliament today when two contenders were seen having a passionate row in the corridors of power. Sam Gyimah and Rory Stewart were seen having a robust exchange of words at just after lunchtime on Wednesday, the day after the party made it more difficult for leadership hopefuls to get [...]
Samsung cuts output at its last Chinese smartphone factory June 5, 2019 Samsung will cut production at its last remaining smartphone factory in China, as its loses ground on domestic rivals. Read more: Trump: US and UK will reach an agreement on Huawei The reduction comes just six months after the South Korean firm announced the closure of its factory in Tianjin. Another factory in Shenzhen closed [...]
Commuters brace for Tube chaos as 10,000 workers balloted for strike action June 5, 2019 Major strikes could bring London Underground to a standstill, with up to 10,000 workers threatening to walk out. Union RMT said it would ballot for the strike action after “crucial” talks with management collapsed earlier today. Read more: RMT stages five-day strike on South Western Railway Managers refused to increase salaries and improve working conditions, [...]
Bank of England calls ‘last orders’ on Libor as regulators push 2021 transition June 5, 2019 The Bank of England has called “last orders” on the scandal-hit Libor interest rates as regulators push for financial institutions to transition away from the benchmark by 2021. Deputy governor Dave Ramsden said good progress was being made and that getting on with the switch to alternative benchmark Sterling Overnight Index Average (Sonia) could be [...]