Aer Lingus chief executive to step down at the beginning of next year October 11, 2018 Aer Lingus chief executive Stephen Kavanagh is to step down next year, when he will be replaced by British Airways director Sean Doyle. Kavanagh, who has led the IAG-owned airline since 2015, will step down on 1 January 2019 but will remain on the airline's board as a non-executive director. He will be succeeded by Doyle, who is currently British [...]
Theresa May launches consultation into forcing firms to report ethnicity pay figures October 11, 2018 KPMG, WPP and the Royal Bank of Scotland (RBS) are among a number of businesses to have signed up to a new charter by Theresa May that aims to improve the recruitment and progression of ethnic minority employees. Alongside the charter the Prime Minister has also launched a consultation into mandatory ethnicity pay reporting, following last [...]
Personal assistant accused of stealing wine from Goldman Sachs CEO jumps to death October 10, 2018 The former personal assistant accused of stealing more than £1.1m (£911,000) worth of wine from Goldman Sachs chief executive David Solomon was found dead in New York today after jumping from a high-rise building. Nicolas De-Meyer, who worked as Solomon's personal assistant for eight years, was due to appear in court to answer the charges. He was facing [...]
Gam shares leap more than 12 per cent on takeover rumours October 10, 2018 Shares in troubled fund manager Gam have shot up by more than 12 per cent on the news it could be taken over by a mystery buyer. Shares were up by 12.53 per cent in afternoon trading. Bloomberg reported that informal talks were being held with potential buyers looking to acquire the entire business or [...]
Google launches photo-fixing Pixel 3 and Pixel 3 XL models October 9, 2018 Google has launched its highly anticipated Pixel 3 and Pixel 3 XL, revealing new photography features and an improved digital zoom. The two models come with cameras on the front of the handsets and one on the rear, while a second wide-angle lens has been added to the face of the phone to make it [...]
Patisserie Valerie shares face suspension over ‘£20m accounting hole’ October 9, 2018 The owner of sweet treats maker Patisserie Valerie could have its shares suspended tomorrow after a discovering of a multimillion-pound hole in its accounts. Sky News reported that the discovery of the irregularity is likely to lead to shares being suspended on Wednesday morning at Patisserie Holdings and possibly the temporary suspension of finance director Chris [...]
HSBC pays $765m fine over allegations it sold “contaminated” assets October 9, 2018 Global banking giant HSBC has paid out a $765m (£582m) fine over allegations it knowingly sold "contaminated" mortgage-backed securities to investors in the run-up to the financial crisis. The US Department of Justice (DOJ) accused HSBC of deliberately "misrepresenting to investors" the quality of controversial Residential Mortgage-Backed Securities (RMBS), a type of loan that has been [...]
Pfizer announces management shakeup in wake of new CEO appointment October 9, 2018 US pharmaceutical giant Pfizer has announced a string of leadership changes following the news that chief executive Ian Read will step down at the end of the year after eight years. Earlier this month the company announced that Albert Bourla will replace Read with a new executive team reporting to him. They include chief financial officer Frank [...]
Ryanair boss ‘hopeful and optimistic’ about ending strike action by pilots and cabin crew October 9, 2018 Ryanair chief executive Michael O'Leary has said he is "hopeful and optimistic" that the airline will not be damaged further by strikes with its pilots and cabin crew this year. O'Leary, who has previously said the airline will put up with strikes to defend its low-cost business model, said: "I am hopeful and optimistic that we [...]
Former Tesco directors face court over roles in 2014 accounting scandal October 8, 2018 Two former Tesco directors faced allegations in court today that they manipulated figures that resulted in the supermarket chain's 2014 accounting scandal and a £2bn wipe-off of its share price. Christopher Bush, Tesco's former UK managing director, and ex-UK food commercial director John Scouler have each been charged with one count of fraud and false accounting. Former UK [...]
