Elon Musk uses Twitter wisely, new Tesla chair says March 27, 2019 The new chair of Tesla said that its chief executive Elon Musk uses Twitter “wisely”, in an interview today. “Twitter is part of everyday business for many executives today,” Robyn Denholm told Bloomberg, “From my perspective, he uses it wisely.” Musk faced heat from the US Securities and Exchange Commission (SEC) after tweeting in August [...]
Ex-Interpol chief who vanished in China charged with corruption March 27, 2019 Former Interpol chief Meng Hongwei who disappeared in September is being prosecuted by the Chinese government, China’s anti-corruption watchdog said today. Meng was reported missing by his wife in September after travelling to China from Interpol’s base in France. China confirmed it had arrested him in October and Interpol said he had resigned from his [...]
Lloyd’s of London loses £1bn in year of natural catastrophes as it grapples with harassment scandal March 27, 2019 Insurance market Lloyd’s of London, currently embroiled in a sexual harassment scandal, said today it had made a loss of £1bn for 2018. Lloyd’s said it paid £19.7bn in claims last year, leading to an aggregate loss of £1bn, down from £2bn the year previously. The exchange had gross written premiums of £35.5bn last year, [...]
Millions from London Capital & Finance flowed through accounts of four men, say administrators March 26, 2019 Millions of pounds of money invested in collapsed mini-bond company London Capital & Finance flowed through the accounts of four men, the administrators report said today. The report said Andy Thomson – LC&F’s chief executive, Simon Hume-Kendall – the chairman of one its biggest borrower London Oil & Gas, Elten Barker – who was a [...]
Domino’s to shake-up top team amid ongoing row with franchisees March 26, 2019 Domino’s Pizza is preparing to replace three of its most senior executives amid a damaging row with franchise holders, it emerged today. The chain said it is succession planning for chief executive David Wild, chairman Stephen Hemsley and senior independent non-executive Helen Keays. Read more: Domino's Pizza hits back at reports it misled the City [...]
City watchdog says it could amend rules to rescue ‘mortgage prisoners’ March 26, 2019 City watchdog the Financial Conduct Authority (FCA) said today it could change its lending rules to help so-called mortgage prisoners switch to more affordable deals. Mortgage prisoners are homeowners, often paying expensive rates, who are unable to switch deals despite being up-to-date with their mortgage payments. The regulator is proposing to amend its responsible lending [...]
Donald Tusk says ‘anything could be possible’ after EU agrees Brexit delay March 22, 2019 European Council president Donald Tusk said the extension of Article 50 agreed last night at the EU summit in Brussels meant any Brexit outcome was possible. Tusk told a press conference on the second day of the summit that the delay of the Brexit date until 12 April meant "anything could be possible: a deal, [...]
Business groups call on Theresa May to use Article 50 extension to avoid no-deal Brexit March 22, 2019 Business groups have called for Prime Minister Theresa May to use to the extension of Article 50 agreed last night to avoid a no-deal Brexit. EU leaders last night agreed to push the Brexit deadline back to 12 April from the previous date of 29 March. Read more: Goldman Sachs says no-deal Brexit has become [...]
Deutsche Bank management board members to receive bonuses for first time since 2014 March 22, 2019 Deutsche Bank’s management board members were awarded bonuses this year for the first time since 2014 as the bank returned to profit, it disclosed today. The board received €55.7m (£48.2m) for 2018, compared to €29.8m the previous year. Read more: Deutsche Bank drops down investment bank table while Barclays gains ground Chief executive Christian Sewing [...]
Goldman Sachs says no-deal Brexit has become more likely March 22, 2019 Goldman Sachs said today that a no-deal Brexit has become more likely as the UK’s political crisis lurches on. The US investment bank also said the chances of Theresa May’s Brexit deal passing had fallen. Its predictions followed a decision last night by EU leaders to push the Brexit deadline back to 12 April from [...]
