Mike Ashley faces shareholder showdown over re-election as Frasers boss October 6, 2020 Mike Ashley is facing a shareholders revolt at the Frasers Group annual general meeting tomorrow, following claims that employees were forced to work while furloughed during the coronavirus lockdown. Shareholder advisory service Pirc has recommended that investors oppose Ashley’s re-election as chief executive of the retail group, which was formerly known as Sports Direct. The [...]
On the brink: SMEs cut off from bounce back loans as banks close to new customers October 6, 2020 Small businesses are being shut out of potentially life-saving bounce back loans (BBLs) because lenders are turning down new customers, despite the funds being fully guaranteed by the government. City A.M. has spoken to a number of businesses who have had applications to set up new business accounts with lenders rejected, often without explanation. Many [...]
Hong Kong Racing Tips: Kinda like Purton’s Cool October 6, 2020 WITH leading jockeys Joao Moreira and Karis Teetan both sidelined through suspensions, reigning champ Zac Purton will relish the chance of cutting into the six-winner deficit he trails Moreira when racing gets underway at Happy Valley in Hong Kong on Wednesday. With his card marked in seven of the eight races, he has a number [...]
Media minister warns Channel 4 could be privatised in fresh broadcasting row October 6, 2020 Media minister John Whittingdale today said the government was mulling a sale of Channel 4 as he launched a fresh salvo on the publicly-owned broadcaster. Speaking at a virtual event during the Tory party conference, Whittingdale said ministers were debating the Great British Bake Off broadcaster’s future amid competition from streaming services such as Netflix [...]
Sicilian Kiss: Escaping to the pearl of the Ionian Sea October 6, 2020 The weekend The criteria for a weekend away have changed in recent months. On top of the usual considerations — weather, journey time, food, culture — travellers must now think about a host of Covid factors. How successfully is a country suppressing infections? Are there any entry requirements that might catch out visitors at the [...]
Gunnersaurus could be saved from redundancy after Mesut Ozil offers to pay mascot’s wages October 6, 2020 Arsenal midfielder Mesut Ozil has offered to “reimburse the full salary” of the club’s mascot Gunnersaurus just 24 hours after the footballing dinosaur was revealed to be at risk of redundancy. Tweeting on Tuesday, the German international said: “I was so sad that Jerry Quy aka our famous & loyal mascot @Gunnersaurus and integral part [...]
Top five tips for preventing burnout October 6, 2020 Are you struggling to focus? Lacking motivation? Maybe just feeling a bit overwhelmed? These are just some things to look out for that might be signs of burnout. And they’re worth thinking about: 36 per cent of us have experienced burnout in our careers. That’s according to our new research — and it’s even more [...]
Goldman Sachs ‘to name fewer than 60 partners’ in 2020 October 6, 2020 Goldman Sachs will reportedly name no more than 60 partners this year, but partners will be given more financial perks as the investment banking giant seeks to make its partnership more exclusive. The bank’s new class of partners, due to be promoted next month, is likely to be Goldman’s smallest cohort since the 1990s, the [...]
IMF and WTO: Economy brighter than expected but big risks remain October 6, 2020 The hit to global growth and trade from the coronavirus pandemic will not be as bad as previously feared, although the recovery remains highly fragile, the International Monetary Fund (IMF) and World Trade Organization (WTO) have said. IMF chief Kristalina Georgieva said the international organisation would make a “small” upgrade to its prediction that the [...]
Hospitality circuit breaker lockdown could wipe £1bn off UK GDP, research shows October 6, 2020 A two-week circuit breaker lockdown to reduce the spread of coronavirus could cost the UK economy around £1bn and result in more hospitality job losses, the latest research showed. Ministers have reportedly mulled closing pubs and restaurants and ordering Britons to reduce social contacts for at least two weeks in a bid to halt a [...]
