Not a good look: PIRC advisory group scrutinises JD Sports boss’ multi-million pound exit deal October 2, 2022 An influential shareholder advisory group has said JD’s payout to former boss Peter Cowgill is “not a good look” for the sportswear retailer. Former JD Sports’ boss Peter Cowgill is set to receive a multi-million pound payout after making his departure from the sneaker seller. Exit terms include a £3.5m payment over two years for [...]
Semiconductor supply to be tight until end of 2023, says Stellantis boss October 2, 2022 The supply of critical semiconductors is expected to remain tight until the end of next year, the boss of Fiat carmaker Stellantis said today. Speaking to French newspaper Le Parisien, Carlos Tavaresn said: “The situation will remain very complicated until the end of 2023, then will ease a little. “Semiconductor manufacturers have an interest in making [...]
Credit Suisse chief looks to soothe staff concerns over bank’s stability October 2, 2022 The chief of beleaguered lender Credit Suisse has stepped into to soothe staff concerns over the financial stability of the bank, as it prepares to publish a major strategic review this month.
Retail traders look to profit from tumbling pound October 2, 2022 Retail traders have been looking to follow the lead of hedge funds in the past week and capitalise on wild swings in the value of the sterling, sparked by the government’s tax-cutting mini budget.
Explain decision to pull mortgage products, FCA warns lenders October 2, 2022 The chief of the City watchdog has fired a warning shot at lenders after banks pulled mortgage products from the market in droves this week amid extreme market volatility.
Where to eat, drink and sleep in Birmingham for Tory Party Conference October 2, 2022 On 2 october, Tory Party Conference kicks off in Birmingham. It remains to be seen whether the city famous for its Bull Ring will witness any blood sport following the fallout from the chancellor’s mini-budget. But whether it’s toasting the new PM or ruefully navel-gazing over Keir Starmer’s poll lead, the city’s hotels, restaurants, bars [...]
Moderna rejects request from China for Covid-19 vaccine technology October 2, 2022 Moderna has reportedly refused a request from China to reveal the technology behind its Covid-19 vaccine. The rejection prompted negotiations for its sale there to fall apart, the Financial Times reported, citing people familiar with the matter. The US pharmaceutical company remains “eager” to sell its product in China after negotiations between 2020 and 2021 [...]
Michael Gove says Truss tax cuts are ‘not Conservative’ October 2, 2022 Michael Gove has savaged Liz Truss and Kwasi Kwarteng’s recent mini-Budget, labelling the debt-funded tax cuts as “not Conservative”. The Tory big beast said the package – which included an abolition of the top 45p band of Income Tax were a “display of the wrong values” and he refused to commit to voting for them [...]
Health secretary shelves plans to buy extra monkeypox vaccines October 2, 2022 The new health secretary has reportedly shelved plans to buy additional doses of the monkeypox vaccine, as cases of the infection decline in the UK. Health minister Thérèse Coffey rejected advice from officials of the UK Health Security Agency, who recommended that extra vaccines be procured to ensure the country is protected against the infection [...]
Celebrity names behind star-studded crypto capital fund WWVentures October 2, 2022 WWVentures has closed a $15 million funding raise backed by some of the world's top gamers, athletes and content creators.
