GSK taps insider to run spin-off consumer health business July 22, 2021 The current boss of Glaxosmithkline’s consumer healthcare division will take over the top job when the unit is spun off into its own business next year. The demerger, which will see majority ownership of the new firm transferred to its shareholders, is the biggest shake-up of the pharma giant’s business in decades. GSK chairman Jonathan [...]
Shapps: Government to review £27bn roads plan after Covid-19 reshaped travel July 22, 2021 The government is set to review its £27bn roads investment plan after Covid-19 reshaped travel, the transport secretary said today. Lockdown measures like working from home and online shopping have had permanent impacts on the UK’s travel routines. “In the last eighteen months, fundamental changes have occurred in commuting, shopping, and business travel, which before [...]
Exclusive: London Mayor Khan expects one in three Hong Kong migrants to settle in capital July 22, 2021 With over 34,300 applications for the Hong Kong BN(O) visa scheme by the end of March, London Mayor Sadiq Khan expects that up to a third will choose to settle in the capital. In an exclusive interview with City A.M. this afternoon, Khan sent a clear message to Hongkongers who have or intend to move [...]
Mercedes to invest €40bn in electric cars over next decade July 22, 2021 Mercedes-Benz will invest €40bn (£34.3bn) into battery electric vehicles over the next decade, owner Daimler announced today, as the race to ditch the internal combustion engine continues apace. The German marque said that by the end of the decade the majority of its sales would be of electric vehicles, but did not commit to a [...]
London crypto leader’s book is flying off the shelves July 22, 2021 Well-known cryptocurrency figurehead Erica Stanford has become an instant best-seller with her debut book about the dark arts of crypto.
US stocks open flat on weak jobless claims July 22, 2021 US stocks opened broadly flat on Thursday morning after fresh data showed the American labour market recovery may be stalling. The blue-chip S&P 500 inched down 0.01 per cent during the open, while the Nasdaq crept up 0.23 per cent. The Dow Jones slipped 0.17 per cent. The lack of movement on the US’ main [...]
Autonomy founder and billionaire Mike Lynch can be extradited to the US, court rules July 22, 2021 British tech billionaire and Autonomy founder Mike Lynch has lost an attempt to block extradition to the US on fraud charges, a court ruled today. Lynch faces decades in prison if found guilty over the £7.1bn sale of his software company Autonomy to Hewlett-Packard in 2011 and will go to California to answer criminal charges. [...]
Shakespeare on advertising: Boots hit the mark with Kylie campaign July 22, 2021 Boots recently announced a partnership with Kylie Cosmetics. The American beauty company started out as a manufacturer of lip kits – and a brand-extension exercise for its namesake Keeping Up with the Kardashians star – before becoming a billion-dollar industry juggernaut. The brand’s cosmetics will be sold throughout Boots’ UK stores. Data from YouGov BrandIndex [...]
Whitewash Croydon tram inquest verdict raises more questions than answers July 22, 2021 Today the inquest into the Sandilands tram crash concluded with the jury returning a disappointing verdict of accidental death. I share the anger that seven people’s deaths are put down as simply an accident, when we have seen both the safety problems that the investigation brought to light, and the attempts to hide from scrutiny. [...]
EY accused of concealing fraud in $8bn legal claim by NMC Health founder July 22, 2021 Ernst & Young, along with two other banks, face accusations it “actively concealed” a six-year fraud from investors in a new lawsuit over its auditing work for NMC Health, according to reports. BR Shetty, the Indian-born founder of the hospital operator, filed a court document in New York, alleging that the company had been subject [...]
