Burford Capital nominates three new male directors for all-male board February 27, 2020 Burford Capital today nominated three new directors for its all-male board, all of who are men. The litigation funder said it was “sensitive to the fact that its board will remain, with these new appointments, entirely male, which is not our desire and is inconsistent with the significant level of gender diversity in the business”. [...]
Independent mayoral candidate Rory Stewart in BBC row February 27, 2020 The BBC has been accused of discriminating against Rory Stewart by shutting him out of its coverage in the lead-up to the May mayoral election. BBC London did not include the independent mayor of London candidate in a special report yesterday about knife crime, despite featuring the other four main challengers. City A.M. understands the [...]
Financial watchdog to investigate scandal-ridden NMC Health February 27, 2020 NMC Health is facing battles on two fronts after the City watchdog stepped up its probe into the embattled hospital operator and a major shareholder criticised its handling of an investigation into its finances. The Financial Conduct Authority (FCA) will investigate NMC, the FTSE 100 company said, just hours after trading in its shares was [...]
Air France to cut 1,500 jobs in attempt to limit coronavirus impact February 27, 2020 Air France will cut 1,500 jobs by the end of 2022, union sources told AFP today, as the airline tries to limit damage from the coronavirus outbreak. Only this morning AFP obtained an internal letter from the company saying that it would introduce a partial hiring freeze in order to cut costs at the airline. [...]
Netflix UK shows ‘not aligned to British taste’, say top media analysts February 27, 2020 Netflix’s UK shows are “not necessarily aligned to British taste” and cannot be compared to the BBC’s home-grown dramas, according to top media analysts. In a note issued today, Enders Analysis threw its weight behind the BBC’s value to the wider creative economy and blasted “naive” comparisons between the public service broadcaster and Silicon Valley [...]
FTSE 100 loses £143bn as WHO declares coronavirus is at a ‘decisive point’ February 27, 2020 The FTSE 100 has lost £143bn this week after a string of heavy losses prompted by a worsening of the coronavirus outbreak outside of China. London’s blue-chip index plunged 3.5 per cent to 6,791 points after the World Health Organisation (WHO) warned that the virus is at a “decisive point” and has “pandemic potential”. The [...]
Out for justice: action star Steven Seagal fined $330,000 by US financial regulator February 27, 2020 Action film supremo Steven Seagal found himself on deadly ground today when he was hit with a $330,000 (£256,000) fine by US financial regulator the Securities and Exchange Commission (SEC). The Exit Wounds-star discovered he was not above the law after promoting an initial coin offering (ICO) on social media without disclosing he was being [...]
New HS2 minister promises to oversee project with ‘forensic scrutiny’ February 27, 2020 The new minister for HS2 rail has promised to oversee the controversial project with “forensic scrutiny”, saying that the rail link had to regain “the public’s trust”. The project was given the go-ahead by Prime Minister Boris Johnson earlier this month, despite estimations that the cost could run to more than £100bn by the time [...]
Mipim doubles down on event despite exodus of big names on coronavirus fears February 27, 2020 Property jamboree Mipim today said it would still go ahead in Cannes next month, despite big names such as Lloyds Banking Group, Knight Frank and PGIM dropping out because of the spread of coronavirus. A spokesperson for the real estate event said: “Mipim will open for business on 10 March. “We understand and respect the [...]
US GDP: Annual growth the slowest since 2016, government confirms February 27, 2020 US GDP grew at an annualised rate of 2.1 per cent in the final quarter of 2019, the government confirmed today, a moderate pace that took annual growth to its lowest since 2016. A rise in consumer and government spending and exports was partly offset by falling private investment, the US’s Bureau of Economic Analysis [...]
