Norwegian Air chairman resigns after turbulence hits carrier March 18, 2019 The chairman of Norwegian Air Shuttle will resign his position after a turbulent time at a company. Bjorn Kise said he made the decision to “make room” for new talent. Read more: Norwegian Air to seek compensation for Boeing flight ban Speculation has raged over takeover offers, with British Airways owner IAG ruling out a [...]
Serco continues overseas push as it pens £61m contract to manage Australian remand centre March 18, 2019 Outsourcer Serco has been tasked with managing an Australian remand centre housing hundreds of prisoners, in a deal worth 115m Australian dollars (£61m). The public sector contractor will manage the centre for at least seven years, with a five-year extension option. Read more: Serco seeks to capitalise on Brexit chaos as financial revival continues Serco’s [...]
Widecells calls in Unilad bosses to launch new media marketing firm March 18, 2019 Stem cell firm Widecells has enlisted the help of three former Unilad executives to launch a new media marketing firm as part of a rebrand that will see it renamed to Iconic Labs. John Quinlan, Liam Harrington and Sam Asante will run the new business, which will be focused on providing online marketing, content and [...]
Revamp media regulation to help broadcasters take on Netflix, BBC chairman urges March 18, 2019 The UK’s media regulation must be overhauled to protect public service broadcasters from rivals such as Netflix, the BBC chairman said today. Speaking at the Oxford Media Convention this morning, Sir David Clementi said existing regulation is not fit for the digital age and must be updated to ensure British broadcasters can take on global [...]
Chuka Umunna downplays speculation Tory MP Nick Boles could join the Independent Group March 18, 2019 Former Labour MP Chuka Umunna has downplayed suggestions Tory MP Nick Boles could join the Independent Group (TIG), saying he does not share the same "progressive values" of its members. Asked why Boles, who quit his local party over his stance on Brexit, had not joined the rump of disaffected former Labour and Tory MPs, Umunna said: "I'm [...]
A third of small businesses have no cyber security strategy, report finds March 18, 2019 A third of small businesses in the UK have no cyber security strategies in place, a new report has found. Research by charity Business in the Community (BITC) revealed 40 per cent of small businesses had not taken any action on cyber security over the past 12 months. In addition, more than three-quarters of firms [...]
EU trade surplus with US grows as deficit with China rises March 18, 2019 The Eurozone’s trade in goods surplus in January was half the level of a year earlier, slipping to €1.5bn from €3bn, the latest figures have revealed. Meanwhile the European Union’s goods trade surplus with the US rose in January while its deficit with China increased, in news likely to anger US President Donald Trump. Read more: [...]
Ride-hailing app Lyft set to raise $2bn in New York float March 18, 2019 Ride-hailing platform Lyft expects to raise as much as $2bn (£1.5bn) when it floats on the New York Stock Exchange later this month. In a filing the firm said its initial public offering (IPO) will consist of 30.7m shares priced between $62 and $68, meaning it could raise a total of $2.4bn. Read more: Lyft [...]
Outsourcer Interserve begins trading as a private company after shares suspended March 18, 2019 Government supplier Interserve has today embarked on a new chapter as a private company, after its shares were removed from the London Stock Exchange. The ex-FTSE 250 mainstay went into administration on Friday after shareholders rejected a plan to alleviate most of its £630m debt pile, which would have seen their collective stake in the [...]
Rent rises: East London outpaces West London in rental growth race March 18, 2019 Fresh evidence of demand for East London’s housing market has been underlined by new figures today, with traditional high-growth areas in the west of the capital seeing more of a slowdown in recent years. Rents in East London’s nine boroughs rose on average by more than 20 per cent since January 2012, compared with growth [...]