Hammerson boss David Atkins to step down after a decade May 27, 2020 Hammerson chief executive David Atkins will step down after 10 years at the helm, the retail landlord said today. The property giant, which owns Birmingham’s Bullring, said Atkins will remain in position until spring 2021 while it searches for his successor. Atkins, who took the reins in 2009, said it had been a “privilege” to [...]
St James’s Place posts rise in net inflows despite Covid-19 hit May 27, 2020 St James’s Place today reported a modest rise in net inflows in April but said the coronavirus crisis had continued to dampen new investments. The wealth manager posted net inflows of 810m last month, up from 800m in the same period last year. The modest rise combined with positive investment return led to funds under [...]
Coronavirus: Boris Johnson to face MPs amid Dominic Cummings row May 27, 2020 Boris Johnson will be grilled by senior MPs today as the prime minister faces growing pressure from within his own party to sack top aide Dominic Cummings. Johnson will appear in front of the Commons Liaison Committee for the first time since taking office, with MPs set to ask about the government’s handling of coronavirus. [...]
O2 Arena stood down as NHS Nightingale training facility May 26, 2020 The O2 Arena has been officially stood down more than 40 days after it was transformed into a training ground for frontline NHS workers fighting the coronavirus outbreak. Owner AEG last month handed over the iconic London venue to serve as an educational training hub for staff required at the new NHS Nightingale hospital at [...]
EU ‘willing to ease’ fishing demands in Brexit talks May 26, 2020 The EU is said to be willing to ease its stance on fisheries in talks with the UK next week in what would mark a significant breakthrough in post-Brexit trade negotiations. Fishing has proved a major stumbling block in Brexit talks, with the UK pushing back against Brussels’ demands for access to British waters to [...]
Hong Kong gambling tycoon Stanley Ho dies aged 98 May 26, 2020 Stanley Ho, the Hong Kong tycoon who transformed Macau into a global gambling hub, has died at the age of 98. The hedonistic mogul, dubbed the king of gambling, led one of the world’s most lucrative gambling businesses through his flagship firm SJM Holdings, valued at roughly $6bn (£4.9bn). Ho, who was one of Asia’s [...]
Coronavirus: Minister resigns over Dominic Cummings lockdown row May 26, 2020 A government minister has resigned over senior adviser Dominic Cumming’s lockdown trips. Douglas Ross, MP for Moray, said that while he accepted Cummings’ justification for his trips, this was “not shared by the vast majority of people who have done as the government asked”. Ross, who also served as under-secretary of state for Scotland, said [...]
Oil prices on supply cut hopes and Covid-19 demand recovery May 26, 2020 Oil prices pushed higher this morning amid growing confidence about crude supply cuts and signs of a recovery in demand as global Covid-19 lockdowns are eased. West Texas Intermediate crude futures rose 3.4 per cent to $34.37 a barrel this morning, just shy of an intra-day high of $34.54. Brent crude futures were also up [...]
Easyjet finance chief resigns after surviving Stelios coup May 26, 2020 Easyjet chief financial officer Andrew Findlay has resigned from the company just days after surviving an attempted clear-out of the company’s management by founder Sir Stelios Haji-Ioannou. Findlay, who joined the budget airline as finance chief in 2015, will leave the company in May 2021 in line with his contractual obligations. “Although I have given [...]
Lufthansa secures €9bn bailout from German government May 26, 2020 Lufthansa was last night saved from collapse after securing a €9bn (£8bn) rescue deal from the German government. The bailout, which is the largest German corporate rescue since the start of the coronavirus crisis, will see the government take a 20 per cent stake in the airline, which it intends to sell by the end [...]
