Just Eat to not reappoint COO amid allegations of misconduct May 4, 2022 Just Eat’s board has withdrawn the opportunity to reappoint its chief operating officer, following allegations of personal misconduct at a company event. Jörg Gerbig, COO and member of the management board, has been the subject of a formal complaint over his behaviour, Just Eat said in a statement today. An investigation into the claims is [...]
Ryanair flies 14.2m passengers last month as Brits flock back on holiday May 4, 2022 Ryanair announced it has flown 14.2 million passengers in April, 91 per cent up on 2021 figures. According to data from international traffic management organisation EUROCONTROL, Ryanair was the largest operator in Europe, as it reported an average of 2,815 flights per day. Wizz Air, which was ranked seventh, announced yesterday its passenger numbers had [...]
SNP’s record is nothing to sing about, but unionists must win the emotional argument May 4, 2022 The SNP’s record where they have power is poor – yet their continued victories suggest unionists need to up the ante For all the excitement – ok, some sarcasm – of local elections across England tomorrow what should really be drawing most attention are results north of the border. What should be a decision about [...]
Direct Line takes financial hit from watchdog’s new ‘price walking’ ban May 4, 2022 Insurance company Direct Line has said its Q1 performance was “broadly in line with expectations,” after the FCA’s new pricing practice reforms hit its bottom line. The Bromley based firm said its overall premiums were 2.4 per cent lower in Q1 2022 than in the first quarter of last year, as revenues dropped across its [...]
Sales slow at J D Wetherspoon as costs rocket and punters dip May 4, 2022 Sales at J D Wetherspoon dipped four per cent in the third quarter as the pub group struggles to keep pace with pre-pandemic levels.
Aston Martin unveils ex-Ferrari boss as new CEO May 4, 2022 Aston Martin has unveiled an ex-Ferrari boss as its new CEO, to steer the automotive and engineering firm through the energy transition and trim losses. Felisa, formerly the CEO of Ferrari, spent over 26 years with the rival automotive manufacturer. The incoming boss will succeed Tobias Moers, who steps down with immediate effect, but will [...]
Sprinkling local football clubs with money won’t make them sustainable endeavours May 4, 2022 The domestic football season has come to a dramatic close, with two sides from the North West jostling for the title and four London teams competing frantically for the coveted spots in Europe. Since its inception, clubs from these two areas have dominated the Premiership, especially over the past twenty years. Perhaps it is something [...]
HSBC launches $1bn share buyback as break-up rumours swirl May 4, 2022 HSBC has launched a $1bn (£801m) share buyback programme today, as rumours of a break-up proposal swirl. The lender will buy shares for some $0.50 each, in a bid to shrink its outstanding ordinary shares, it said in a regulatory filing this morning. The agreement, where US bank Merrill Lynch will act as principal, will [...]
City Moves: Who’s switching jobs in the Square Mile? May 4, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Volterra Fietta Law firm Volterra Fietta has hired a new partner in London, who previously represented Egypt in a case related to Al Jazeera. Gunjan Sharma, who stepped into the role at the beginning of the month, [...]
From Russia with losses: BP counts the cost of Rosneft exit amid escalating windfall tax row May 4, 2022 BP’s decision to pull out of its Russian holdings after the Kremlin’s invasion of Ukraine has blown a £20bn hole in its first quarter finances.
