Aviva chief executive Mark Wilson steps down after almost six years in charge October 9, 2018 Aviva chief executive Mark Wilson stepped down today, with the insurer looking for new leadership for what it called its next stage of development. Wilson, who was brought in to enact a business turnaround in 2013, claimed he succeeded in this goal, with its latest financial results showing it should deliver earnings per share growth [...]
Jaguar Land Rover to shut Solihull factory for two weeks amid trade tensions and weak China demand October 8, 2018 Jaguar Land Rover (JLR) is set to shut down its Solihull plant for two weeks, blaming economic uncertainty and dampened demand for its cars in China. Staff will be sent home on full pay for a fortnight from 22 October as the British car manufacturer stops producing any vehicles, as it tries to match supply to [...]
Heathrow fined £120,000 for leaving security staff’s personal data on an unencrypted memory stick October 8, 2018 Heathrow must pay a £120,000 fine after an employee lost a memory stick containing dozens of staff’s personal details. The details of up to 50 security personnel, and 10 people’s names, dates of birth and passport numbers, were exposed on the memory stick, which was found by a member of the public. Read more: Heathrow [...]
Royal Bank of Scotland name ‘under review’ as bank rebuilds its reputation after financial crisis October 8, 2018 The Royal Bank of Scotland (RBS) is reportedly considering changing its name to distance itself from the financial crisis 10 years ago. The RBS name is under review as part of a rebrand, chairman Sir Howard Davies said yesterday, as the bank claims to have fixed historical problems as it turns its attention to its [...]
French Connection shares rocket as retailer looks for a buyer October 8, 2018 Shares in French Connection were up a huge 32 per cent in early morning trading on the back of news that the brand is up for sale. The clothing retailer yesterday confirmed that it is looking to sell, with founder Stephen Marks hoping to offload his 42 per cent stake. Read more: French Connection founder [...]
Japan would welcome Britain into the Trans-Pacific Partnership after Brexit October 8, 2018 Japan would welcome the UK into the Trans-Pacific Partnership (TPP) “with open arms” once it leaves the EU, Prime Minister Shinzo Abe has said. The leader said Britain would be welcomed into the trade deal involving 11 Pacific countries, including Japan, Malaysia, Canada, Mexico and Australia, but urged Prime Minister Theresa May’s government to avoid [...]
Unilever to stay on FTSE 100: How investors reacted October 5, 2018 Unilever’s awkward climbdown over its attempt to move its main listing to the Netherlands is unlikely to be the last, according to one financial expert, as investors reacted to the company’s decision to retain its London headquarters today. Unilever this morning pulled plans to make the Netherlands its sole headquarters and quit its UK offices, after [...]
UK productivity is still lower than it was before the financial crisis October 5, 2018 UK workers boosted their hourly productivity at their fastest rate in more than a year in the second quarter, the latest data shows. However, the growth of 1.4 per cent in the three months to June compared to the same period a year ago, but is still far lower than the average of two per [...]
Strike action hits Central Line and Waterloo & City Line with no service running all day October 5, 2018 The Central Line is out of action today due to industrial action, with the strikes affecting the Waterloo & City Line too. The 24-hour strike will continue until mid-morning Saturday, leaving commuters to rethink their journeys into work today. There will be no Night Tube on the Central Line either. Transport for London (TfL) has [...]
Unilever scraps proposals to leave London headquarters October 5, 2018 Unilever has abandoned plans to leave its UK headquarters and move its primary listing to the Netherlands. The maker of Dove soap, Lynx and Marmite cited a lack of investor support today for its decision to scrap plans to make Rotterdam its sole HQ, ditching its London offices. Legal & General Investment Management, Schroders and M&G Investments [...]
