Making his mark: HSBC chairman plans boardroom cull February 22, 2018 HSBC Holdings’s new chairman is planning a dramatic boardroom cull, with one third of directors slated to leave. Three non-executive directors will not stand for re-election at the firm’s next annual general meeting, Sky News has reported. These include Deutsche Boerse chairman Joachim Faber, who joined HSBC’s board in 2012. This will streamline the board [...]
Manchester United’s new YouTube channel highlights platform’s influence on football February 22, 2018 Such was the hype surrounding big tech’s supposed interest in acquiring live Premier League broadcast rights that YouTube’s name was inevitably thrown into the mix alongside Sky and BT as a potential bidder in the current auction. Yet Google’s online video behemoth was never interested. Why would they be? As demonstrated by Manchester United’s migration [...]
Lloyds Banking Group to unveil £1bn share buyback and boost bonus payouts to £415m February 20, 2018 Lloyds Banking Group will unveil plans for a £1bn share buyback tomorrow along with boosted bonus payouts to staff. According to Sky News, Lloyds will reveal the news with its annual results tomorrow and a new three-year strategy. The bank is also expected to say that it will pay around £415m in bonuses to staff [...]
Tesco UK chief Matt Davies to become N Brown’s chairman February 18, 2018 Tesco's UK chief Matt Davies is leaving the retailer to become the chairman of N Brown. N Brown, which owns JD Williams, Simply Be and Jacamo, has been seeking a replacement for its current chairman Andy Higginson for a number of months. Davies will take the reins from Higginson after Tesco's £3.7bn takeover of Booker [...]
Brexit: Split between Michael Gove and Boris Johnson prompts fears of soft Brexit among pro-Leave MPs February 16, 2018 Fears are growing among pro-Leavers that a split between Michael Gove and Boris Johnson could result in the Cabinet balance tipping in favour of a soft Brexit. Gove and Johnson, who campaigned together for Vote Leave, are at odds over regulatory alignment, with the environment secretary understood to increasingly favour a closer relationship after Brexit. [...]
Property of the Week: The Beatles’ Mayfair mansion on Charles Street is on sale with a mews house thrown in February 16, 2018 Forget Penny Lane and suburban skies, Mayfair was the hang out of choice for the Fab Four during the height of their fame. Charles Street, in particular, as this house was owned by the Beatles’ music company, Apple Corps, in the late 60s. Charles Street, Mayfair, £9m (Click or tap on the images to see [...]
Barclays boss Jes Staley in line for a bonus of almost £1m despite whistleblower investigation February 15, 2018 Barclays chief executive Jes Staley will receive a reduced bonus of under £1m for 2017, despite the question marks still hanging over an investigation into his conduct towards a whistleblower. Staley is in line for around £900,000, less than half his maximum potential bonus of £1.9m, Sky News has reported. The initial decision of the [...]
Sky share price rises above takeover offer: English Premier League victory could see Rupert Murdoch bowing out just at the right time February 15, 2018 Investors were clearly happy with Sky’s Tuesday night Premier League result, pushing the company’s shares to nearly £11 a pop during yesterday’s trading. The broadcasting giant’s stock eventually ended the day 7p higher than the £10.75 a share tabled by Rupert Murdoch’s 21st Century Fox. With the majority of Premier League TV rights decided, Sky [...]
Should the 21st Century Fox bid to take over Sky go ahead if Sky News is made independent? February 15, 2018 Should the 21st Century Fox bid to take over Sky go ahead if Sky News is made independent? YES – Liz Duff, head of media and investment at Total Media. This is something of a no-brainer. The Murdochs’ control of the news media in the UK was the main concern from the CMA – and [...]
Revealed: Virgin billionaire Richard Branson on”Concorde 2″ supersonic travel, rival Elon Musk’s SpaceX and Hyperloop plans February 14, 2018 Could we see a new Concorde take to the skies? Billionaire entrepreneur Sir Richard Branson thinks so. The man behind the Virgin empire has said that a new era of supersonic travel is about to take off. “The next big thing, hopefully in my lifetime, will be supersonic travel coming back and people travelling around [...]