Mike Ashley must end the Sports Direct clowning if he is to be the high street’s hero September 13, 2018 Emptying his pockets of wads of £50 notes at a security check, telling a select committee about vomiting in a fireplace at board meetings – Sports Direct boss Mike Ashley is clearly not afraid of theatre. Against type, he has now chosen to play the part of white knight of the high street, but yesterday’s [...]
Crossrail chairman Terry Morgan says he will not step down in wake of Elizbeth Line delay September 12, 2018 Crossrail chairman Terry Morgan has said he will not step down in the wake of the nine-month delay to the Elizabeth Line. The £15.4bn project was scheduled to open in December this year but has been put back until Autumn 2019 following delays to signalling testing and safety concerns. The delay was roundly criticised by [...]
Spirits in the sky: JD Wetherspoon axes Jägermeister and French brandy in post-Brexit plan September 12, 2018 JD Wetherspoon is ditching European spirits such as Jägermeister for non-EU equivalents in a bid to lower prices across its 880 UK pubs. Replacing the ousted continental brands, which also include French brandies Courvoisier VS and Hennessy Fine de Cognac, will be US drink E&J Brandy, Australia’s Black Bottle and Strika, a herbal liqueur produced [...]
JP Morgan boss Jamie Dimon: ‘I could beat Trump… because I’m as tough as he is, I’m smarter than he is’ September 12, 2018 The chief executive of bank JP Morgan today claimed he could beat US President Donald Trump in an election. "I think I could beat Trump… because I'm as tough as he is, I'm smarter than he is," he said. Dimon, 62, who has previously ruled out a presidential run, said today that as a rich [...]
Sorrell lays out expansion plans for new advertising venture S4 Capital ahead of market comeback September 12, 2018 Ad guru Sir Martin Sorrell today laid out ambitious plans to expand new venture S4 Capital after it starts trading shares later this month, in a move which could step on the toes of his former employer WPP. The founder of the advertising goliath is using a shell company, Derriston Capital, to launch his new business [...]
Shadow chancellor John McDonnell warns City: ‘People want change… get used to it’ July 30, 2018 It’s fair to say that John McDonnell does not see the world in quite the same light as most City workers. During the first Budget after he became shadow chancellor, McDonnell quoted from Chairman Mao’s Little Red Book, before flinging it at his then-counterpart George Osborne. Years earlier, he was caught on camera saying he [...]
Labour leadership election: Key business policies from Jeremy Corbyn, Andy Burnham, Yvette Cooper and Liz Kendall September 9, 2015 With three days until the new Labour leader is announced, we've looked at the business policies from each of the four candidates. Read more: Candidates clash over business as Kendall urges party to back "wealth creation" Jeremy Corbyn Corbyn has argued for a fundamental shift in economic policy. Corbyn is considered the most left-wing candidate [...]
Labour leadership odds 2015: When did it start to look like Jeremy Corbyn might win? September 9, 2015 It feels like the Labour leadership campaign has been going on for eons. But here we are, at the final hurdle. It’s now just three days until the result is announced. During General Election a few months ago, it was said bookies outperformed pollsters when it came to predicting the result – with many polls predicting [...]
Mike Ashley is the least popular director among Sports Direct shareholders September 9, 2015 Mike Ashley is the least popular director at Sports Direct among shareholders, according to votes taken at the retailer's AGM held yesterday. The multi-billion-pound business, which Ashley set up in 1982, comfortably passed all the requisite resolutions including the re-election of all its directors. But the numbers revealed by Sports Direct showed proportionately [...]
George Osborne: The EU needs the City of London to be successful in business September 9, 2015 The success of the Square Mile is of paramount interest to the European Union and the Eurozone, chancellor George Osborne told peers yesterday. “The health of the City is an EU and Eurozone interest,” Osborne told the Lords Economic Affairs Committee. But responding to a question from Lord Kerr of Kinlochard, Osborne also [...]