Rio Tinto exec to leave after just two months in expanded role April 27, 2021 Barbara Levi, chief legal officer & external affairs at Rio Tinto, has accepted a group general counsel position at UBS and will leave the mining company by the end of October. Levi joined Rio Tinto in January 2020 as group general counsel, and then in March 2021 her role was expanded to include legal [...]
PZ Cussons sees quarterly revenue rise as Carex continues to shine April 27, 2021 Consumer goods group PZ Cussons said its revenue shot up by 4.7 per cent to £145.3m in the third quarter as strong demand for its hygiene products continued. PZ Cussons’ Carex brand performed strongly as it continued to meet the evolving needs of consumers during the pandemic. Looking forward, the company said it remained on [...]
Aveva CEO Craig Hayman steps down as revenue turns flat April 27, 2021 British industrial software firm Aveva said on Tuesday its chief executive Craig Hayman had decided to quit. The company announced that Peter Herweck would be seconded from its major shareholder Schneider Electric as his replacement from 1 May. Following the news, shares in Aveva plummeted by 5.6 per cent as markets opened. Schneider Electric holds [...]
Office landlord IWG says enquiries rebounded to pre-Covid levels in first quarter April 27, 2021 Office space provider IWG said enquiries bounced back to pre-Covid levels in the first quarter as it pushes ahead with its franchising strategy. IWG said the first three months of the year had provided a “clear inflection point, with occupancy stabilising in February and improving in March”. It said it expects the momentum to continue [...]
European tech regulation will hold back free competition and hand power to digital giants April 27, 2021 Last month, the world’s eyes were on America as the CEOs of its most successful businesses came before Congress to testify about their companies’ content moderation practices. But while America debates if and how to regulate digital markets, the EU has been moving forward with similar proposals—proposals that would needlessly burden technology companies for decades [...]
Exclusive: Boris Johnson faces calls from business leaders to commit to net zero financial system April 27, 2021 A group of business leaders have written to Boris Johnson asking him to commit the UK to developing a net zero financial system ahead of this year’s COP26 climate summit. The letter, which has been seen by City A.M., said that such a move would allow the Britain to show off its global leadership before [...]
Boris Johnson to chair Cabinet as allegations mount April 27, 2021 Boris Johnson will chair a meeting of the Cabinet later today after a series of damaging claims over the Prime Minister’s conduct during the pandemic. In recent days Number 10 has been rocked by a number of allegations, including from former aide Dominic Cummings, about Johnson’s approach to the pandemic. Yesterday it was claimed that [...]
Even as India grapples with a growing crisis, strong trade ties with the UK are still at the top of the agenda April 27, 2021 Indian Prime Minister Narendra Modi is in the midst of grappling with the ever-worsening tsunami of coronavirus cases and tales of heartbreak in India. As a result, Boris Johnson was forced to cancel his trip last week. However, this has done nothing to dampen the enthusiasm from both countries who have continued to push forward [...]
Elon Musk’s Tesla beats expectations on record deliveries April 26, 2021 Tesla has reported a record quarterly profit, beating Wall Street estimates after a huge rise in deliveries in the three months to March. Total revenue soared 74 per cent year-on-year to $10.39bn in the first quarter, generating a $438m net profit. Tesla said this was primarily achieved through “substantial growth” in vehicle deliveries. The auto [...]
FTSE 100 and Wall Street strike an upbeat tone to start the week April 26, 2021 Soaring copper prices and hopes of a summer holiday pushed the FTSE 100 to close higher on Monday while Wall Street rose ahead of a busy week for big tech earnings. London’s blue-chip index came under pressure this morning due to a stronger pound and weaker oil prices. However comments made by Ursula von der [...]
