Business titans tell ministers ‘next six months are critical’ in post-Brexit vote conference call January 16, 2019 Some of the UK’s highest-flying executives reportedly lashed out at the government after its historic defeat on Theresa May’s Brexit deal in parliament yesterday. The bosses of Balfour Beatty, Amazon and Tesco confronted cabinet members who failed to rule out a no-deal Brexit following the government’s massive defeat in a heated conference call immediately after [...]
Netflix shares rise as subscribers face an 18 per cent price hike January 15, 2019 Netflix has said it will be raising the prices of its streaming services for US subscribers by as much as 18 per cent, as the tech giant seeks to cover the costs of ploughing heavy investment into its original content. Prices for its most popular standard viewing plan, which allows users to stream content on [...]
The rise of digital tech innovation will drive sports revenue boom, report states January 15, 2019 The global sports industry is on the brink of “unprecedented commercial growth” as digital technology innovation kicks in, according to a new report. Broadcasters, rights holders and sports organisations are set to see a huge boost in revenues thanks to the rise of new tech such as streaming platforms, esports and virtual reality (VR), a [...]
Atom Bank poised to appoint Citi for potential sale to Spanish bank January 14, 2019 Digital lender Atom Bank is in talks with advisers over a potential instruction that could lead to its takeover by Spanish banking behemoth BBVA. According to Sky News, the Durham-based bank is in discussions with Citi about a role advising the board of the business on its future options. Last year Atom Bank raised nearly [...]
Big brands doing big deals show the UK sports sponsorship industry remains in rude health January 14, 2019 January is typically the time to look forward, to forecast and predict what will happen in the coming year. To understand the state of the UK sponsorship industry, however, it’s more worthwhile to look at what happened in the months leading up to Christmas. Rewind to the week after Black Friday in December and big [...]
No Brexit is more likely than a no-deal Brexit, Theresa May warns on eve of parliament’s crunch vote January 14, 2019 Prime Minister Theresa May is set to warn MPs today that no Brexit at all is the most likely outcome if parliament blocks her EU exit agreement tomorrow. May is expected to urge lawmakers to back her deal in tomorrow’s crunch parliamentary vote in order to secure Brexit, saying a no-deal Brexit is less likely [...]
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 [...]
HMV future could be decided this week as bid deadline looms January 13, 2019 The future of music retailer HMV will be decided this week as the deadline for rescue bids draws close. HMV collapsed into administration for the second time in six years late last month. Its administrator KPMG has set a deadline of Tuesday for suitors to lodge bids for the chain, Sky News was the first [...]
Fund manager Neil Woodford leads push to oust top Kier Group executives January 13, 2019 Leading fund manager Neil Woodford is leading a push to unseat construction group Kier’s top executive team after its botched rights issue, according to reports. Woodford Investment Management, which owns a 16 per cent stake in Kier, is leading a push to replace chief executive Haydn Mursell and finance director Bev Dew, Sky News reported [...]
Police arrest man over alleged MP abuse incidents outside parliament January 12, 2019 A man in his 30s has been arrested on suspicion of public order offences after an MP was subjected to alleged verbal abuse outside parliament last week. The Metropolitan Police said the man was detained outside St James’s Park tube station in central London shortly before midday in connection with incidents in Westminster on Monday. [...]