EFL TV deal: Why Championship clubs are revolting against new £595m Sky broadcasting agreement November 21, 2018 There is a revolt brewing in the second tier of English football. Rather than being met with acclamation, the announcement on Monday that the EFL, which represents the three divisions below the Premier League, had signed a new record £595m, five-year broadcast deal with Sky Sports was greeted by anger from within. As an important [...]
Labour’s childish antics over Brexit are an embarrassment November 20, 2018 The Brexit deal is on the table and the bids to support it, scrap it, or make it utterly redundant are now in full swing. As Theresa May moves forward with her plan to engineer a parliamentary majority for a proposed exit deal, clear political camps have begun to form. The Tory moderates who have [...]
The Hut Group gearing up for boardroom reshuffle November 19, 2018 British online shopping giant The Hut Group is planning a major board reshuffle which would involve the departure of the company’s current chairman. The beauty retailer is set for a shake-up that would see founder and chief executive Matthew Moulding replace Richard Pennycook as chairman, according to Sky News. Pennycook, who has served as the [...]
Babcock talks down impact of reported £100m helicopter business write-down November 19, 2018 Defence contractor Babcock has played down the impact of a reported £100m write-down of its helicopter business on its bottom line. The FTSE 250 engineering firm, which revealed the closure of its Appledore shipyard in Devon earlier this month, was expected to announce the drop in value in its half-year results on Wednesday. Babcock, which holds 128 [...]
Listen up: Sideways 6 helps you hear your staff’s great ideas November 19, 2018 There are lots of reasons you might not be happy with your job. Maybe you don’t like the work itself, or your colleagues? Perhaps the requests of your clients (or your manager) are too demanding? But even if you like your job, it could be that you don’t feel respected – maybe your bosses aren’t [...]
Refinitiv executive hired to lead the fight in Brussels for the City’s future post-Brexit November 18, 2018 A senior boss at financial data firm Refinitiv has been appointed to fight for the City's future ahead of Brexit. The City of London Corporation said it was looking to strengthen its Brussels office and that a new managing director would be a “focal point” for building a new relationship between financial and professional services [...]
Jeremy Corbyn says a second Brexit referendum is ‘not an option for today’ November 18, 2018 Labour leader Jeremy Corbyn has distanced himself from calls for a second referendum, saying it was an "option for the future" but not one for "today". Speaking to Sky News, Corbyn said his party would vote against the draft withdrawal agreement because it failed to meet Labour's six tests, one of which is that it must [...]
Competition and Markets Authority launches probe into bond market November 18, 2018 The UK’s competition watchdog has launched an investigation into a suspected financial services cartel in the bond market. The Competition and Markets Authority (CMA) said on Friday that it had launched a probe into alleged anti-competitive activity under Chapter One of the Competition Act 1998, which addresses price fixing and attempts to control markets. The [...]
Alliance of business leaders urges MPs to scrap May’s Brexit deal November 17, 2018 More than 200 chief executives, founders and entrepreneurs have signed a letter calling on Conservative MPs to vote down Prime Minister Theresa May's proposed Brexit deal, urging them to cast aside their political differences. The document, coordinated by members of the Alliance of British Entrepreneurs (ABE) and seen by City A.M., asks MPs to be subjective in [...]
Former London Stock Exchange chief Xavier Rolet close to City return with hedge fund CQS November 17, 2018 Former London Stock Exchange (LSE) chief executive Xavier Rolet is in advanced talks to become a co-chief executive at leading hedge fund manager CQS. The Frenchman left his job at the LSE Group in contentious circumstances last year, after being asked to step down by the board a year earlier than planned in a bid to end [...]