How to think long-term when your shareholders won’t let you November 19, 2020 Before the Covid-19 pandemic, my team conducted a study amongst nearly 700 business leaders across the US and Europe. The results uncovered that 76 per cent of chief executives think businesses need to shift focus from short-term profit delivery to long-term value creation. But so far less than five per cent have made that shift. [...]
London startup Arrival valued at $5.4bn in US listing through Spac deal November 18, 2020 Electric vehicle startup Arrival has merged with a blank-check company to go public in the US at a listing valued at around $5.4bn. The London-based company, which was founded in 2015, has agreed to merge with Nasdaq-listed CIIIG Merger Corporation, a special purpose acquisition company (Spac). This year there has been somewhat of a frenzy [...]
Frank Stephenson on the rights and wrongs of car design November 17, 2020 Frank Stephenson’s car design CV stretches from the modern Mini to the McLaren P1. We ask about his career and what BMW has been drinking.
Caffe Nero seeks rescue deal due to second coronavirus lockdown November 13, 2020 Caffe Nero has launched a restructuring plan to reduce costs due to the impact of the coronavirus pandemic on the coffee chain’s branches in city centre and transport hub locations. The high street cafe chain has appointed KPMG to advise on a Company Voluntary Arrangement following the introduction of a second coronavirus lockdown. City A.M. [...]
What next for one-term President Donald Trump? November 11, 2020 There perhaps nothing that will hurt Donald Trump more than being a one-term wonder. Politics is a cruel game, there is no second place, and falling short is both brutal and public. For a man with an ego that the world has come to know, the last six weeks as a caretaker President will rankle. [...]
The Toyota GR Yaris is a thrilling rally car for the road November 10, 2020 Toyota took its next WRC race car, then made it road-legal. The result is the bespoke and ballistic GR Yaris – our hot hatchback of the year.
Made in Dagenham: Hollywood real estate firm to build new east London film studios November 3, 2020 A Hollywood real estate firm that owns studios where classics such as Citizen Kane and Gone With the Wind were filmed will invest £300m in a major new production complex in east London. Hackman Capital Partners (HCP) will take control of the construction of Eastbrook Studios, a new film and TV hub spread across more [...]
The Car Design Award 2020 goes to the Ferrari Roma October 29, 2020 Ferrari has scooped the Car Design Award 2020 for its sumptuous Roma, beating off competition from the likes of Porsche and BMW. The award, which was this year presented over YouTube, goes to the “most innovative, attractive and surprising” production car of the year. The jury said: “The Ferrari design team, led by Flavio Manzoni, [...]
The Secret Garden review – death by 1,000 adaptations October 23, 2020 Frances Hodgson Burnett’s 1911 novel The Secret Garden has been adapted numerous times for film, television and the stage, with the most recent being a 1993 version produced by Francis Ford Coppola. Times have changed, but the allure and magic of The Secret Garden was enough for the producers of the Harry Potter and Paddington [...]
Trainline chief executive Clare Gilmartin steps down October 20, 2020 Rail ticketing firm Trainline (TRN) has today announced its chief executive Clare Gilmartin will stand down at the end of February. She will be replaced by current chief operating officer Jody Ford, who was previously chief executive of Photobox. “The decision to step down next year is a personal one; after seven years at the [...]