Keywords Studios appoints interim bosses as CEO steps aside due to health reasons March 15, 2021 Video game company Keywords Studios has today announced that Jon Hauck and Sonia Sedler have been appointed as joint interim CEOs with immediate effect. The pair will take over from Andrew Day, who will take a temporary leave of absence from the business for health reasons. Hauck has become a key member of the group’s [...]
Provident Financial reveals watchdog probe of home credit division March 15, 2021 Doorstep lender Provident Financial has today revealed that it is being investigated by the Financial Conduct Authority (FCA) over its home credit business. The probe will focus on “consideration of affordability and sustainability of lending to customers” at the division between February 2020 and February 2021. Provident said that it was aware of the need [...]
Met chief Cressida Dick fighting for job as criticism grows March 15, 2021 Met Police commissioner Cressida Dick said she will not quit after a Sarah Everard vigil ended in arrests and accusations of police manhandling. Dick defended officers, saying they were in an “invidious” position when crowds grew at Clapham Common on Saturday evening. “They moved to try to explain to people, to engage with people, to [...]
Canary Wharf: The ‘all work, no play’ banking district tries to reinvent itself as a Millennial neighbourhood March 15, 2021 Canary Wharf: The 'all work, no play' banking district tries to reinvent itself as a Milleninial neighbourhood
Andrew Bailey under pressure over link to RBS scandal March 15, 2021 Bank of England Governor Andrew Bailey is under fire after it emerged that he played a role in designing a scheme that left thousands of small businesses in ruin after the financial crisis. Bailey was one of those who helped the Treasury design its Asset Protection Agency, which pressured lender RBS (now Natwest) to withdraw [...]
B Corps: Can business really be kind? March 15, 2021 “Business as a force for good” is the commercial equivalent of “speaking your truth”. A lightning rod phrase that divides and says much about the relationship between business and society. This month is B Corps month, which has seen a host of companies seek to spotlight a different way for business. Less the binary profit and loss, [...]
Thorntons to close all UK stores putting 600 jobs at risk March 15, 2021 Thorntons has announced it will close all of its stores, putting around 600 jobs at risk. The chocolatier said this afternoon that it will permanently shutter its 61 branches due to the restrictions on trading during the coronavirus pandemic. In a statement the Sheffield-founded brand said lockdown restrictions over the Easter and Christmas period and [...]
Boris Johnson ‘deeply concerned’ by footage from Sarah Everard vigil March 15, 2021 Boris Johnson has said that he is “deeply concerned” after footage showed women being arrested by police officers at a vigil for 33-year-old Sarah Everard on Saturday night. The Prime Minister will today chair a meeting of the crime and justice taskforce to look at what needs to be done to make the streets safer [...]
UK manufacturers in cash scramble as Covid and Brexit dents profits March 15, 2021 UK manufacturers are suffering a triple whammy of lower sales, declining profits and a “painful cash squeeze”, according to new Insider Pro research. Insider Pro has analysed the accounts of almost 1,500 small and medium-sized manufacturers, which is around a quarter of the industry’s UK workforce. Read more: Brexit: UK food manufacturers to face millions [...]
Central banks must play ‘clear role’ in greening financial system, argues think tank March 15, 2021 Central Banks, including the Bank of England, must have a strategy for helping countries achieve net zero emissions, according to a report published today. The report, funded by the European Climate Foundation, argues that achieving a net zero economy is the best way of minimising the risks of climate change. It calls for central banks [...]
