Clarks appoints ex-New Balance boss as new CEO March 15, 2022 Shoe seller Clarks has appointed an ex-New Balance boss as its new chief executive officer. Jonathan Ram will join the retailer in April 2022. Ram’s last gig was group president of global activewear at Hanes Brands and previously spent 16 years at New Balance. Clarks chairman Colin Li, said: “I am pleased to welcome Jon [...]
Return of lockdowns send Chinese shares tumbling March 15, 2022 The re-imposition of draconian lockdown measures in one of China’s main technology and manufacturing hubs to tame an outbreak in Covid-19 cases sent shares in Beijing and Hong Kong tumbling yesterday. China’s top index, the CSI 300, tumbled 4.57 per cent yesterday, taking total losses for the year to date close to 20 per cent. [...]
FCA opens search for head of new crypto division as crime soars March 15, 2022 In a sign that UK regulators are turning the screws on crypto the Financial Conduct Authority is setting up a dedicated division.
Over 100k Brits sign up for Home for Ukraine scheme as refugee crisis continues March 15, 2022 Over 100,000 people have signed up to the government’s Home for Ukraine site, as the UK strengthens its refugee policy for Ukrainians entering the UK. Housing and Communities Secretary Michael Gove said that the UK had a history of “supporting the most vulnerable during their darkest hours”, adding there would be no limit to how [...]
Investors rack up cash reserves and abandon equities amid recession fears March 15, 2022 Investors are predicting a sustained slump in equity markets and are racking up cash reserves as confidence in global growth outlook plunges, according to a new survey from Bank of America.
UK rushing to close investment deal with Saudi Arabia as PM visits Riyadh March 15, 2022 The UK is reportedly looking to close a multi-billion pound investment deal with Saudi Arabia as Boris Johnson gets set to visit Riyadh tomorrow. Sky News reports that the deal could be announced during Johnson’s visit, which will see him meet with Saudi Crown Prince Mohammed bin Salman tomorrow. City A.M. reported last year that [...]
Ofcom to widen UK satellite regulation as the number of space launches explodes March 15, 2022 The UK’s broadcast and communications regulator is set to embed itself further into the space sector as the increasing number of satellites in orbit calls for a more hawkish watchdog. Ofcom will oversee the radio spectrum – an essential part of wireless communications – to ensure it is used efficiently as more people and businesses [...]
Channel 4 hits record spend for out of London commissions March 15, 2022 Channel 4’s proportion of commissions and spend outside of London hit an all-time record high last year. Two thirds of all original programming commissioned for the main channel was produced in the nations and regions – nearly double the broadcaster’s 35 per cent quota set by Ofcom. Channel 4’s Chief Content Officer Ian Katz said: [...]
London’s largest law firm DLA Piper closes Russian offices March 15, 2022 The City of London’s biggest law firm by revenue, DLA Piper, is set to close its Moscow and St Petersburg offices, as law firms from across the globe continue to pile out of Russia. In a statement, DLA Piper said it will transfer its Russian business to the UK, in line with the “legal and [...]
Spain seizes Russian oligarch’s £107m superyacht March 15, 2022 A $140m (£107m) superyacht owned by Russian oligarch Sergei Chemezov has been taken by Spanish authorities. The vessel’s seizure was announced by its Prime Minister Pedro Sanchez, who said “there will be more” to come, with two yachts docked in Barcelona owned by non-sanctioned oligarchs, being monitored. Luxury boats linked to Russian oligarchs have been [...]
