Gambling giant Flutter taps Vice boss Nancy Dubuc in boardroom shake-up February 25, 2021 Flutter Entertainment has appointed Vice chief executive Nancy Dubuc as a non-executive director as part of a boardroom shake-up aimed at redressing the company’s gender balance. Dubuc, a media industry veteran, has led youth-oriented Vice Media since 2018. Prior to this she was chief executive of A&E Television Networks. Flutter, formerly known as Paddy Power [...]
O2’s £31bn Virgin Media merger ‘will help UK pandemic recovery’, says CEO February 25, 2021 O2’s proposed £31bn tie-up with Virgin Media will accelerate investment in telecoms infrastructure and bolster the UK’s post-pandemic recovery, the mobile network’s boss has said. The mega-merger, agreed last year by O2 owner Telefonica and Virgin Media parent Liberty Global, is facing an in-depth probe by regulators amid concerns it could harm competition. But O2 [...]
BAE Systems navigates Covid turbulence as sales soar February 25, 2021 Aerospace giant BAE Systems hailed a strong full year performance this morning as sales rose by 4 per cent to £20.9bn in 2020. Operating profit edged up by £31m to £1.9bn as customers rallied for defence and security solutions. Meanwhile, statutory profit was down 11 per cent to £1.3bn. Revenue increased by £1bn to £19.3bn, [...]
Goldman Sachs boss David Solomon: Working from home is not the new normal February 25, 2021 Goldman Sachs boss David Solomon: Working from home is not the new normal
Exclusive: Legal consultant model to become dominant among mid-market law firms February 25, 2021 The legal consultant business model will become the dominant model among high street and mid-market law firms, with around a third of UK lawyers predicted to be working under such a model in five years’ time. The Covid-19 pandemic has acted as a “catalyst” for industry disruption, exposing the “poor management and outdated operating models [...]
City lobby calls for technology boost for financial services sector in Budget February 25, 2021 The UK’s major financial services lobby group has urged Rishi Sunak to speed up the country’s rollout of full fibre broadband in next week’s Budget to ensure the City’s tech infrastructure does not fall behind other major finance centres. TheCityUK said the “existing speed and availability of key infrastructure in the UK, such as broadband, [...]
Rio Ferdinand invests in ‘Spotify of overseas payments’ app Sokin February 25, 2021 Former England footballer Rio Ferdinand is dipping his toe into the fintech world investing in a new overseas payments app launching this summer. He spoke to City A.M. about why the partnership with Sokin is in large part because of his experiences through childhood and what he’s learned about investment. The ‘Spotify of payments’ Sokin, [...]
Labour proposes law to give UK councils power to take over empty shops February 24, 2021 Labour is proposing a new law that would allow councils to take over empty shops and reopen them without consent from the property’s owners in a bid to revive the UK’s struggling High Streets. The policy – being dubbed the “empty shops order” – would see councils work with owners to bring empty shops back [...]
UK-EU meeting on Northern Ireland fails to produce breakthrough February 24, 2021 Frustrations all around as Arlene Foster's talks with the EU end with no breakthrough over trade issues
Nuns broke lockdown rules to perform exorcism in front of 70 people February 24, 2021 Two nuns have been caught breaking covid-19 lockdown rules after they performed a public exorcism in front of the Irish parliament. Mother Irene Gibson and Sister Anne Marie reportedly attended the exorcism, on 8 December of last year, of the Dáil in Hebert Park, Dublin. A video was later posted online which showed the exorcism, [...]
