Mark Zuckerberg and wife Priscilla Chan pledge to cure all disease September 22, 2016 Facebook founder Mark Zuckerberg and his wife Priscilla Chan have announced their next big project – probably the biggest challenge they could embark on. The billionaire tech whizz said last night that the next major focus for their charity, the Chan Zuckerberg Initiative, is to help scientists to "cure, prevent or manage all diseases" by the [...]
Easyjet pilots have voted to strike over fatigue dispute September 21, 2016 Pilots at Easyjet have voted to strike because of a dispute over fatigue, a union said today. The pilots voted "overwhelmingly" in favour of industrial action, but talks are planned to try to resolve the row, said Balpa. In a ballot which closed today 96 per cent voted for some form of industrial action on a turnout [...]
Former BG and Statoil boss Helge Lund joins private equity firm Clayton, Dubilier & Rice September 21, 2016 Helge Lund, the former boss of oil firms BG Group and Statoil, has joined private equity firm Clayton, Dubilier & Rice (CD&R) as an adviser. Lund joined BG in February 2015 to a fanfare of criticism over his proposed pay package of over £25m – and just two months later the company agreed to a £47bn takeover [...]
Over-50s specialist insurer Saga posts increased profit and says Brexit vote has not hurt business September 21, 2016 Insurer for the over-50s Saga has reported an 8.5 per cent increase in profits for the six months to 31 July. The figures Pre-tax profit was up 8.5 per cent to £109.9m from £101.3m, while trading profit ticked up slightly to £117.6m from £117.5m. Earnings per share rose 8.2 per cent to 7.9p from 7.3p. [...]
BHP Billiton boss Andrew Mackenzie’s salary was halved in the wake of the Samarco dam disaster September 21, 2016 The chief executive of BHP Billiton took a more than 50 per cent pay cut in the 2016 fiscal year, as a result of a tragic dam failure at one of the company's Brazilian mines. The failure of the dam at Samarco Mineracao in November 2015, which BHP Billiton jointly owns with local company Vale, [...]
London School of Economics lecturer to divorce actor husband September 20, 2016 Angelina Jolie, a lecturer at a respected London university – and Oscar-winning actress – is set to divorce her husband, according to reports. Jolie, who was appointed as a visiting lecturer at the London School of Economics in May and is a good friend of former Tory leader William Hague, filed for divorce from actor husband [...]
Ofcom updates market on investigation into Sky’s landline and broadband services September 20, 2016 Telecoms regulator Ofcom said today that it is pursuing its investigation into accusations that Sky has failed to fully comply with regulations around its broadband and landline service provision. The watchdog said it has "reasonable grounds" to believe that Sky has contravened rules relating to landline and broadband services between 1 May 2015 and 31 July 2015, [...]
EY pays $9.3m to settle charges that former auditors got ‘too close’ to clients on a personal level September 20, 2016 Accounting firm Ernst & Young (EY) is to pay out $9.3m (£7.1m) to settle charges that two of its former auditors got "too close to clients on a personal level", according to the US Securities and Exchange Commission (SEC). The SEC said the ex-auditors broke rules aimed at ensuring reviews were impartial. SEC investigations found that the [...]
Sports Direct announces independent company will replace RPC to review working practices and corporate governance September 20, 2016 Sports Direct announced this morning that it would appoint a new independent party to conduct a review of its working practices and corporate governance – replacing RPC. Shares in the company were up 3.3 per cent mid-morning. [stockChart code="SPD" date="2016-09-20 11:15"] The embattled retailer said in a report released at the beginning of September [...]
Severe delays on Central Line after person hit by train at Bethnal Green Tube station September 19, 2016 There are severe delays on the Central Line this afternoon, following a customer incident earlier. A person was killed after being hit by a train at Bethnal Green Tube station, which was subsequently closed. The station has since reopened. Transport for London said there were severe delays on the entire Central Line. https://twitter.com/centralline/status/777866520722538496 British Transport [...]
