WPP goes head-to-head with former boss Sir Martin Sorrell in bidding war for Dutch digital agency MediaMonks July 3, 2018 WPP is locked in a bidding war with former chief exec Sir Martin Sorrell's new venture S4 Capital to take over Dutch digital agency MediaMonks. Reports on Monday suggested Sorrell's new vehicle S4 Capital was in talks to acquire the company, which has around 600 staff. But it emerged today that WPP made an offer [...]
Billionaire hedgie Crispin Odey looks to boot out bosses at struggling Tungsten July 1, 2018 Billionaire hedgie Crispin Odey is leading a charge to overhaul the board of beleaguered digital invoicing firm Tungsten. A notice from Tungsten confirmed that Odey Asset Management had demanded a shareholder vote to remove the company's chair Nicholas Parker, as well as chief exec Richard Hurwitz and two non-executive directors. The requisition aims to appoint [...]
Deliveroo pays workers to settle gig economy employment case June 28, 2018 Takeaway delivery firm Deliveroo has settled a legal claim by 50 of its couriers for a reported six-figure sum, in another legal battle involving employment rights in the gig economy. The claim revolved around the alleged failure of Deliveroo to give its couriers legal employment rights, such as the minimum wage and paid holiday. Multiple [...]
Take a look at the aircraft on show in the RAF’s centenary July flypast over central London June 28, 2018 The spectacular Royal Air Force showpiece celebrating its 100th anniversary has been announced as a "once-in-a-lifetime" centenary flypast over central London. The event on 10 July will see up to 100 aircraft take to the skies, with historic aircraft such as Spitfires alongside some of the RAF's newest additions – including the first opportunity for [...]
Goldman Sachs cashes in over $100m from advising Fox on Disney tie-up June 27, 2018 Financial giant Goldman Sachs will cash in over $100m (£75.9m) for its work advising on 21st Century Fox’s recent sale to Disney. According to a regulatory filing to the Securities and Exchange Commission, Goldman Sachs received $58m for its work with Fox since August 2017 before Disney agreed on a $52.3bn deal to buy Fox [...]
RAF reveals aircraft line-up for ‘once-in-a-lifetime’ centenary July flypast over central London June 27, 2018 The aircraft line-up for a "once-in-a-lifetime" flypast taking centre stage for the Royal Air Force's (RAF) 100th anniversary celebrations has been revealed. On 10 July, up to 100 RAF aircraft will perform a flypast over central London with Spitfires alongside some of the RAF's most state-of-the-art aircraft. The occasion will mark the largest concentration of [...]
Jeremy Hunt says Airbus warnings over Brexit are ‘completely inappropriate’ June 24, 2018 Health Secretary Jeremy Hunt has said “threats” made by Airbus over pulling investment in the UK because of Brexit are “completely inappropriate”. Last week, Airbus warned it could leave the UK in the event of a hard Brexit, putting around 14,000 jobs at risk. The pan-European firm said it would consider moving out of the [...]
Trade secretary Liam Fox says extended Brexit transition would be acceptable June 24, 2018 International trade secretary Liam Fox today set himself on collision course with his fellow Brexit backers in the Conservative party by saying he would accept an extension to a period of transition from the EU. The Cabinet minister, one of the most prominent voices in favour of leaving the EU during the referendum campaign, said [...]
UK’s largest apprenticeship provider Learndirect snapped up by training firm DTS June 23, 2018 Training firm Learndirect has today been sold to education company Dimensions Training Solutions (DTS) in a deal which could save 1,000 jobs, according to reports today. It ends months of uncertainty over Learndirect's future after the company's training services were given a poor rating by Ofsted. Learndirect has also suffered from government cuts to adult [...]
Pressure review: David Haig’s geeky play highlights one of World War Two’s most interesting footnotes June 22, 2018 If there’s one thing the British enjoy more than talking about the weather, it’s making the glib observation that the British enjoy talking about the weather. But David Haig’s high-stakes play about cold fronts is anything but banal weather chat. Pressure is a love letter to the country’s uniquely capricious skies, telling the true [...]