Dixons Carphone faces investor backlash over CEO share award August 29, 2019 Electrical goods retailer Dixons Carphone is facing an investor backlash over a share award handed to its chief executive despite a fall in the company’s share price. An estimated 15 per cent of the company’s investors are expected to oppose the remuneration report following a recommendation from shareholder adviser Institutional Shareholder Services, Sky News reported. [...]
Sadiq Khan vows to take on Uber ‘big boys’ in licence decision August 29, 2019 Sadiq Khan has vowed to take on the “big boys” at Uber when it comes to renewing its licence, which expires next month. The London mayor, who revoked Uber’s licence in 2017, said everyone must play by the rules if they want to operate in the capital. Read more: Uber poaches new UK boss from [...]
Self-cleaning homes and air taxis: What London will look like in 2069 August 29, 2019 Londoners might have to abandon veganism in the next 50 years as insect burgers become the capital’s next street food craze, according to a report that predicts underground skyscrapers and aquatic roads will reshape our capital. Researchers have also predicted that we will be playing “Quidditch-style” aerial sports matches. Though what the Health and Safety [...]
Goldman Sachs-backed broadband firm to buy rival from Talk Talk August 28, 2019 A broadband network backed by Goldman Sachs is in discussions to buy a Fibrenation, a venture established by Talk Talk. Cityfibre is among a small group of bidders in the running to take over the company, Sky News reported. Read more: Full fibre broadband will power our next industrial revolution Around three parties, including other [...]
Tories join opposition MPs in blasting ‘outrageous’ Brexit blindside by PM August 28, 2019 High profile Conservative MPs, including several ex-ministers, have blasted Boris Johnson’s ‘outrageous’ move to blindside Remainers over the timetable leading up to Brexit. This morning the Prime Minister revealed that he had asked the Queen to suspend parliament for nearly five weeks from the middle of September, ahead of a Queen’s Speech on 14 October. [...]
Brexit: Prime Minister asks Queen to suspend parliament in September August 28, 2019 Boris Johnson has asked the Queen to suspend parliament for more than a month, reducing the amount of time that rebels have to stop a no deal Brexit. The Prime Minister this morning requested that the Queen end the current parliamentary session “in the second sitting week in September” and return on 14 October, when [...]
Ex-WH Smith boss Kate Swann appointed as Moonpig chair August 27, 2019 Former WH Smith boss Kate Swann, who transformed the stationary retailer during her ten-year stint as chief executive, is preparing to join greeting cards firm Moonpig. Swann, who stepped down as chief executive of catering firm SSP in May this year, has been appointed as chairman of the online company, which is owned by buyout [...]
Lane Clark and Peacock plots takeover of KPMG pensions arm August 26, 2019 Lane Clark and Peacock (LCP), one of the UK’s largest independent financial consultancy firms, is preparing a £200m takeover of KPMG’s pensions advisory arm. The company, which is backed by buyout firm Inflexion, is among a small group of bidders that have made it through to the second round of the auction, Sky News reported. [...]
Links of London owner Folli Follie hires advisers to weigh up possible sale August 26, 2019 The owner of Links of London has confirmed that it has drafted in advisers to weigh up a sale of the troubled jewellery group. Read more: Laura Ashley drops into the red amid tough retail conditions Folli Follie, the Greek owner of the retail chain, said today that it has told Deloitte and Savigny Partners [...]
Workspace firm IWG in talks to list standalone US business in New York August 24, 2019 Founder of International Workplace Group (IWG), Mark Dixon, is in talks with investment banks to create a spin off its US business to be listed as a separate company in New York, according to Sky News. Dixon’s standalone business would become a publicly traded rival to WeWork, which is targeting a valuation of $50bn from [...]