Icelandair stocks skyrocket as it announces Wow Air purchase November 5, 2018 Icelandair closed up more than 39 per cent today after the airline announced plans to buy fellow Icelandic carrier Wow Air. The deal, which is subject to approval by Icelandair’s shareholders and the country’s competition authorities, will see Wow Air shareholders receive 5.4 per cent of Icelandair’s shares. Icelandair said the companies will continue to operate as [...]
Bosses should take blame for bad corporate reports, says Big Four’s EY November 4, 2018 One of the UK’s biggest audit firms has said top bosses and directors should take individual responsibility if their companies make errors in financial reports. EY, one of the Big Four audit firms, said regulators should adapt the US system of corporate responsibility, which stipulates C-level executives must personally confirm the integrity of their companies’ [...]
IWG boss mulling £2.2bn break-up of serviced office space business November 3, 2018 The world’s largest serviced office space provider is mulling a £2.2bn split which could result in swathes of the company’s international portfolio being sold off, according to Sky News. Mark Dixon, who runs IWG and founded the company under its original Regus brand, is said to be weighing up plans to split the firm into two [...]
Is a ball pit in the office more of a hindrance than a help? Designers are calling time on tech playgrounds and creating offices that make you more efficient November 2, 2018 As the tech giants of Silicon Valley scrabble over the world’s best programmers, they’ve been inventing increasingly excessive office perks. We’ve all heard of them; Facebook’s ball pit, Google’s unlimited free food and on-demand masseuses, Reebok’s fitness classes. But while free concerts, haircuts and therapy puppies may get the talent to sign a contract, are [...]
Composer Nitin Sawhney opens up about the dystopia inspired by his father’s death, Brexit and Schrodinger’s Cat November 2, 2018 Nitin Sawhney is difficult to pin down. He’s best known as a contemporary classical composer, but he’s also an impressive musician in his own right, playing the piano, classical and flamenco guitar, tabla and sitar. He’s written countless scores for films, TV and video games, as well as stand-alone studio albums; he received the Ivor [...]
Peterloo film review: Mike Leigh’s best since Secrets & Lies is a stunning piece of filmmaking November 2, 2018 First, a history lesson: on August 16th 1819, at a pro-democracy demonstration in Manchester, a skittish militia charged with keeping the peace rampaged with sabres drawn into a crowd of some 70,000 unarmed people, killing 15 and injuring hundreds. Though the crowd’s central demand – equal votes for all men – went unmet, Peterloo was [...]
Mark Kleinman: Financial Reporting Council must offer clarity on Haddrill’s future November 2, 2018 The 900 UK partners at PwC were unable to deduce much from a voicemail left for them this week by their boss, Kevin Ellis, about its plans for the future of the UK audit market. His message was “very top-level”, according to one person who heard it: the details of its blueprint, submitted to the [...]
Barclays appoints former Rothschild veteran Nigel Higgins as next chairman November 1, 2018 Barclays has confirmed that Rothschild deputy chairman Nigel Higgins has been lined up as the replacement to current group chairman John McFarlane, following a six month search process. The switch-over, which was revealed by Sky News earlier this evening, is scheduled to take place after the bank's annual general meeting in May 2019. However Higgins [...]
Horseracing: David Pipe’s City AM Column November 1, 2018 ALL THIS dry weather is a bit of a nightmare when you are trying to train horses – it makes planning ahead hard as we just cannot run them on ground this quick. Exeter stage their big Haldon Gold Cup meeting next week and the ground is currently described as good-to-firm. It’s so frustrating, but [...]
BT shares drive upwards as it improves guidance after boosting profits November 1, 2018 BT shares pushed upwards this morning as it reported a rise in profits. The figures BT posted a two per cent rise in earnings to £3.7bn in the first half of the year and a 24 per cent year-on year increase to profits before tax to £1.3bn, boosting shares by over nine per cent this [...]