JP Morgan and Morgan Stanley review prime broking ties with Odey Asset Management June 8, 2023 JPMorgan and Morgan Stanley are reviewing their prime broking relationships with Odey Asset Management after allegations of sexual misconduct and bullying by Crispin Odey reported by the Financial Times and Tortoise Media on Thursday, sources familiar with the matter said.
CBI: Rishi Sunak refuses to say business body will be back in the room June 7, 2023 The Confederation of British Industry survived a confidence vote on its future yesterday, after members voted in favour of the scandal-hit lobbying organisation’s transformation plan. However, overnight the Prime Minister Rishi Sunak suggested that may not be enough for the body to be invited back into key meetings on business policy with the government. Matters [...]
CBI to face no-confidence vote today with future in the balance June 6, 2023 The CBI will find out if it has a future after a vote of members that is effectively a confidence vote in the body's new leadership.
Watch: US President Joe Biden, 80, falls over after a speech June 2, 2023 US President Joe Biden fell over after giving a speech thanking US air force academy graduates for choosing “service over self”. He said they now have the “great privilege” of leading in a world that will only get more confusing in the years to come, and then stumbled on stage after handing out diplomas to graduates. “Graduates, [...]
CBI seeks legal advice on insolvency ahead of culture reboot announcement today May 31, 2023 THE embattled business trade body the CBI is expected to lay out a series of measures today which it hopes will allow it to put a sexual harassment scandal behind it. The CBI, Britain’s biggest business trade body and for decades a mouthpiece for the country’s largest businesses, has been hit with a wave of accusations in recent [...]
‘Blind eye’: Former John Lewis boss on CBI and Tesco scandals May 24, 2023 The former boss of John Lewis has spoken out on the scandals engulfing the CBI and Tesco suggesting that senior staff may have been “turning a blind eye” to bad behaviour. Andy Street, Conservative mayor of the West Midlands, spoke at a Q&A with InHouse where he discussed issues at the lobbying group, the Confederation [...]
Former CBI boss insists organisation did not have a ‘toxic culture’ May 21, 2023 Former CBI chief Dame Carolyn Fairbairn has insisted the organisation did not have a toxic culture as she broke her silence on the sexual misconduct scandal that has engulfed the body in recent months.
Tesco boss John Allan quits: Britain’s biggest supermarket concerned behaviour claims are ‘distraction’ May 19, 2023 John Allan, the chair of Tesco, will quit his role fearing accusations about his behaviour are becoming a “distraction”. The former president of the Confederation of British Industry (CBI), which has been embroiled in serious accusations of sexual misconduct including rape, will step aside from Britain’s biggest supermarket. In a trading update late on Friday [...]
BCC boss pitches for new members in wake of CBI sexual misconduct scandal May 17, 2023 The boss of the British Chambers of Commerce (BCC) made a bold pitch for new members today after a raft of major FTSE 100 businesses left the Confederation of British Industry (CBI), which has been rocked by allegations of sexual harassment and rape. BCC chief executive Shevaun Haviland stressed “our voice is needed more than [...]
CBI appoints new executive to revamp culture after sexual abuse claims May 16, 2023 The Confederation of British Industry, the lobbying group dealing with accusations of sexual misconduct, has hired a new executive to crack down on its toxic culture. Chief people officer Elizabeth Wallace has been hired to implement a series of reforms at the under-pressure trade body. It comes after the CBI fired its director general and [...]