Workplaces urged to crack down on ‘laddish’ football chat January 27, 2020 Companies should crack down on workplace chat about football and cricket amid fears it excludes women, a top management body has warned. Ann Francke, chief executive of the Chartered Management Institute, said sporting banter could divide offices and pave the way for more laddish behaviour. “A lot of women, in particular, feel left out,” she [...]
Ex-HSBC executive sues top managers including former boss John Flint January 23, 2020 HSBC’s ex-global head of currencies and commodities is suing its former chief executive and three senior managers as part of an unfair dismissal claim. Frederic Boillereau, who left the bank in 2018, is bringing a whistleblowing case against HSBC next week, according to Bloomberg reports. It is thought that Boillereau’s departure came as a result [...]
Ted Baker reveals £25m accounting error actually cost it £58m January 22, 2020 Ted Baker’s torrid time continued this morning after the designer brand said that it had overstated the value of its inventory by £58m. Last month the luxury clothing firm said that it had appointed magic circle law firm Freshfields to investigate the issue, which it expected to cost £25m. Big four auditor Deloitte has now [...]
Bombshell film review: Kidman, Theron and Robbie shine in this timely #metoo drama January 17, 2020 The co-writer of excoriating financial drama The Big Short serves up another examination of the state of the United States, this time taking aim at the media. Bombshell centres on the Fox News sexual harassment scandal that erupted just four short years ago – so recently that it seems a little early for an autopsy [...]
Boozy boroughs: City of London tops list of boroughs who drink most often January 8, 2020 The City of London lived up to its boozy reputation in a new survey, topping a list of boroughs who go out for drinks most often. A survey by Babylon Health through its Healthcheck app revealed that residents of the Square Mile go out for 3.4 “drinking sessions” per week. Read more: City of London [...]
Exclusive: City of London councillors call for associate guild to admit female members January 7, 2020 One of the City’s ancient trade guilds that does not accept female members is “tainting” the City of London, according to a group of councillors. The City of London Corporation has 110 associated Livery companies, which were traditionally trade associations and guilds for different crafts. Read more: Exclusive: City of London mulls over historic Lord Mayor selection reform The groups [...]
Regulator ramps up Lloyd’s of London whistleblowing monitoring December 23, 2019 The Bank of England has ramped up its monitoring of Lloyd’s on London’s whistleblowing processes, it said today. The Prudential Regulation Authority (PRA) announced the insurance market had agreed to extra checks. Read more: FCA head Andrew Bailey confirmed as next Bank of England governor In February, Lloyd’s told the PRA its only anonymous whistleblowing [...]
People’s Vote campaign pivots to ‘issues of social inequality’ December 15, 2019 The campaign group for a second EU referendum has admitted defeat and will instead lobby the government on social issues related to phase-two of Brexit negotiations. Any chance of a second Brexit referendum slipped away on Thursday, after the Conservatives picked up the largest election majority since 2001. Read more: New People’s Vote chief faces [...]
Ted Baker share price crashes as bosses quit after profit drop December 10, 2019 Ted Baker’s share price plummeted to a 16-year low this morning after two executives quit, plunging the stricken retailer further into crisis as it slashed its profit forecast and suspended its dividend. Shares dropped as much as 35 per cent in morning trading following the departure of chief executive Lindsay Page and executive chairman David [...]
Exclusive: City of London mulls over historic Lord Mayor selection reform December 9, 2019 The City of London Corporation’s highest body is considering changes to the way it selects the Lord Mayor as part of its efforts to attract a more diverse range of candidates. Guildhall’s ancient Court of Aldermen is comprised of 25 elected members – one from each of the Square Mile’s different wards. It sits alongside the City [...]