Awards 2022 February 20, 2019 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Fashion icon Karl Lagerfeld’s cat Choupette may inherit his £150m fortune February 20, 2019 As the world mourns the death of Chanel designer Karl Lagerfeld, some are wondering what will happen to his £150m fortune. The media are circling in on a number of possible inheritors, including his godson, Hudson Kroenig. But one next of kin in particular has caught everyone’s attention: his pet cat. Read more: Fashion industry [...]
BDO appointed administrator of failed regional airline Flybmi February 18, 2019 Accountancy firm BDO has been appointed administrator of collapsed regional airline Flybmi. Business restructuring partners Graham Newton, Tony Nygate, and James Stephen will take on the roles of joint administrators. Read more: Flybmi: Regional airline Loganair takes on cancelled routes Nygate said: “As joint administrators, we are taking all necessary steps to ensure customers, staff [...]
China: How George Osborne’s ‘golden era’ lost its shine February 17, 2019 When former chancellor George Osborne visited China in 2015, he pronounced it the start of a “golden era” of Sino-British relations. Britain threw itself into tens-of-billions of pounds worth of trade deals, Osborne turned a blind eye to a litany of Chinese human rights abuses and President Xi Jinping even joined David Cameron for a pint [...]
Metro Bank investors mull legal action over accounting error February 10, 2019 Metro Bank is facing a potential looming court action after an accounting error that was detected by the Bank of England caused its shares to plummet. The Sunday Telegraph reported that commercial litigation specialists Stewarts Law had been approached by a number of investors to look into the matter. Stewarts Law partner Clive Zeitman told the newspaper: [...]
Google’s GDPR fine may cost it more than just €50m – it will impact the tech industry too January 31, 2019 Back in December, I wrote an article asking why, six months after the European Union’s General Data Protection Regulation (GDPR) had come into force, we had not yet seen any major fines or punishments for firms that had misused or mishandled personal data. The lack of sanctions, I argued, made the new regulatory powers toothless. [...]
Wetherspoons boss Tim Martin defends column copying in pub magazine January 18, 2019 Wetherspoons boss Tim Martin has defended the decision to reprint newspaper columns in his pub chain’s magazine, but admitted he was not sure about the intricacies of copyright law. The no-frills pub chain raised eyebrows today after it emerged its free magazine, Wetherspoon News, had lifted articles from national newspapers and magazines. Read more: JD Wetherspoon [...]
Don’t hand control to the machines just yet January 18, 2019 Bad news: the robots are destroying jobs. The good news, however, is that the jobs they are destroying are their own. This week, a hotel in Japan was forced to lay off its 243 robots, after they ended up creating more work for their human colleagues. The Siri-like virtual assistants couldn’t answer the guests’ questions, [...]
Exclusive: Deloitte hires senior Magic Circle partner to lead its push into the UK legal market January 14, 2019 Big Four accountancy firm Deloitte has hired a senior partner from the Magic Circle to lead its expansion into the UK legal market after announcing plans to target the sector last year. The audit firm has appointed veteran Allen & Overy banking partner Michael Castle as managing partner for Deloitte Legal to lead its UK [...]
Guy Lavender interview: MCC chief executive on a big year for Lord’s, The Hundred and why he’s optimistic for the future of cricket January 8, 2019 The new year brings with it excitement for most, but not many people will be looking forward to what 2019 has to offer more than England cricket fans. If last year was dominated by the football World Cup, then the next 12 months could be all about a different sport, with the Cricket World Cup [...]