Amber Rudd could be met with tough opposition from the City in her immigration crackdown October 4, 2016 Home Secretary Amber Rudd yesterday committed to consulting with businesses on her plan to cut net migration by hundreds of thousands in the wake of the Brexit vote. Rudd, who campaigned passionately for the Remain side, will likely face stiff opposition from City leaders and tech companies as Brexit negotiations progress, as they are expected [...]
Accounting giant PWC posts global revenue rise of $35.9bn October 4, 2016 Accounting and professional services giant PWC last night toasted $35.9bn (£27.9bn) in global revenues in its latest year to 30 June. The tally represents a 1.5 per cent increase on the same period last year and close to 7.5 per cent growth at constant exchange rates. However, that revenue growth has slowed from the 9.9 per [...]
Black Lives Matter UK protesters charged after causing travel chaos with City Airport blockade September 7, 2016 The group of nine climate change protesters who caused travel chaos for thousands of London City Airport commuters yesterday have been charged. The Metropolitan Police said the group have now each been charged with aggravated trespass and being unlawfully airside within a restricted area of an aerodrome. Read more: Runway reopens at London City Airport after seven [...]
Vitol boss Ian Taylor says he doesn’t want to be on David Cameron’s “cronies” honours list August 2, 2016 The boss of energy giant Vitol Ian Taylor has tonight written to Theresa May and former prime minister David Cameron to request his name be withdrawn from consideration for an honour on Cameron's resignation list. The Conservative party donor had been tipped to receive an honour from Cameron, along with others who have been thrust into the spotlight as [...]
Damning report slams Mike Ashley for “appalling” practices at Sports Direct July 22, 2016 Top MPs have launched a blistering attack on Mike Ashley’s Sports Direct, branding working practices at the company’s Shirebrook warehouse in Derbyshire as similar to those of “a Victorian workhouse”. The parliamentary Business, Innovation and Skills Select Committee, which has been investigating the retailer’s “extremely disturbing” employment practices, publishes its findings today, leaving the company open [...]
Only bold thinking will make Brexit a success July 22, 2016 Theresa May was always going to get a frostier reception in Paris than Berlin. The most unpopular President in French history, Francois Hollande has proven incapable of resisting the rise of his anti-EU challenger Marine Le Pen and of reviving France’s motionless economy. In a desperate last throw of the dice, Hollande no doubt sees Brexit [...]
Twitter will let you apply to become a verified user July 19, 2016 Twitter's much-coveted blue tick of user verification is about to go mainstream. The tech giant said today it will allow any user to apply to gain the verified user status – usually reserved to high profile tweeters and celebs – which is illustrated by a tiny blue tick alongside their profile picture. Users will simply [...]
Whitehall shames itself with lack of Leave plan July 8, 2016 The Treasury is one of the three ‘great offices of state’ – dominating the machinery of government and sitting alongside the Home Office and the Foreign Office in terms of prestige, power and pedigree. Throughout all of Whitehall its patronage is yearned for and its wrath feared. Simply put, it is the nerve centre of [...]
New Women’s Business Council chief Cilla Snowball says more needs to be done for female empowerment in UK firms July 8, 2016 Female representation on FTSE100 boards has risen from 12.5 per cent to 26 per cent in a year according to a report released yesterday. The latest Female FTSE Board Report by Cranfield University, City University London and Queen Mary University London also shows that, overall, the percentage of women on all FTSE boards has increased since [...]
Brexit shines a light on pensions timebomb July 4, 2016 As the economic landscape shifts in the wake of the referendum, one of the most dramatic impacts has been on defined benefit, or final salary, pensions. In the days following the vote, liabilities in defined benefit schemes ballooned, causing deficits to widen. According to early estimates, the rise in liabilities could have increased the deficits [...]
