BBC lures ex-Top Gear hosts with £1m former June 4, 2015 THE BBC is understood to have offered former Top Gear stars James May and Richard Hammond a multi-million pound deal to stay. The pair have both been offered deals in the region of £1m a year, according to The Times, contracts that would make them two of the most well-paid talents on the BBC’s books. [...]
Small firms want more red tape cut June 4, 2015 THE GOVERNMENT needs to cut more red tape, small businesses have said. Reducing the amount of bureaucracy and regulatory formalities – that can be a big burden to smaller firms – was listed as a top priority by 51 per cent of over 1500 surveyed small and medium enterprises (SMEs), according to figures released today [...]
Mirror to fight its hacking fine June 4, 2015 TRINITY Mirror subsidiary MGN, under which the Daily Mirror newspapers operate, is seeking the right to appeal the fine that was imposed on it on 21 May over phone hacking. In a statement released yesterday, Trinity Mirror said that while the firm accepted it should pay damages to victims of phone hacking, “we believe that [...]
HSBC Private Bank breaks a run of bad press June 4, 2015 HSBC has been in the headlines for all the wrong reasons lately, so imagine the sheer relief on the face of its Private bank chief, Francesco Morra, as Private Banker International (PBI) handed the bank an award for outstanding work with international clients. The PBI London Awards, dedicated mainly to the UK and European markets, [...]
Life in the fast lane at Canary Wharf show June 4, 2015 Time for a mid-life crisis? Thinking about trading in for a younger model? You’re in luck! Motorexpo holds its 20th annual free-for-all car show in Canary Warf next week. From Monday, workers in the financial village even get a chance to drool over their dream car before showing off to their friends by test driving [...]
Wincanton hit by oil price and retailers’ plans June 4, 2015 LOGISTICS firm Wincanton blamed lower fuel prices and retailers’ restructuring plans for its poor revenue performance in the year to 31 March. Group revenues were up by just 0.9 per cent to £1.1bn, and the company said: “A strong performance on new business wins and renewals was partly offset by the impact of certain site [...]
Passenger numbers are up for EasyJet as summer approaches June 4, 2015 EasyJet yesterday announced a 7.2 per cent rise in passengers for May 2015, compared to May 2014. The budget airline flew 6.4m passengers last month, compared to 6m the year before. Its load factor, the average portion of capacity an airline has filled with travellers, was up to 91.2 per cent, from 89.4 [...]
Wizz Air unveils new routes and fares as passenger numbers soar June 4, 2015 Budget airline Wizz Air announced a 20 per cent rise in passengers for last month, compared to May last year. Passenger numbers were up to 1.6m, from 1.3m last year. This was in part helped by the introduction of two new A320 aircraft, which have 180 seats each. The firm also announced that capacity was [...]
Monarch emerges from slumber as traveller numbers taking off June 4, 2015 MONARCH airline yesterday reported a half year loss of £69.9m, a 37.7 per cent improvement on the the loss of £110.6m for the same time last year. The airline is coming through a turbulent time, and undergoing a restructuring programme, to reduce £200m of costs. Chief executive Andrew Swaffield explained: “We remain positive that the [...]
City Moves for 5 June 2015 | Who’s switching jobs June 4, 2015 AIG The insurer has announced the appointment of Angus Marshall as mergers & acquisitions (M&A) manager for the UK. He joined AIG in 2013 as an M&A underwriter. Marshall has also held positions in PwC’s international tax and M&A practice and in Norton Rose Fulbright’s private M&A division. Edmond de Rothschild Philippe Jouard has been [...]
