Rapha co-founder and chief executive Simon Mottram on why the cycling company split from Team Sky April 4, 2017 Four years ago niche cycling sportswear firm Rapha beat German behemoth Adidas to supply the kit to the world’s best known cycling club, Team Sky. At the time, Simon Mottram, its chief executive and co-founder, felt this was the just the platform the retailer needed to take things up a gear. “We sold a lot [...]
Deutsche Bank puts faith in Brexit Britain with new City headquarters at 21 Moorfields in 2023 March 24, 2017 Deutsche Bank, Germany’s biggest lender, has given London a resounding vote of confidence by agreeing a 25-year lease on new UK headquarters in the Square Mile. Staff at the bank were informed yesterday of the plan to move to a new development being built at 21 Moorfields, in 2023. Most of Deutsche’s London-based staff currently [...]
Westminster terrorist attack: Four people killed including police officer stabbed by attacker after pedestrians mown down by car on Westminster Bridge March 22, 2017 Four people have been killed and around 40 others injured in a terrorist attack in Westminster, Scotland Yard said. The attack began when a car ran down pedestrians on Westminster Bridge. A police officer was subsequently stabbed and died as a result of the injuries sustained. He was named as 48-year-old Keith Palmer. Police said [...]
Bovis Homes approaches Wates boss to take over at the top March 20, 2017 Bovis Homes has held talks with the boss of construction firm Wates Group in an attempt to snap him up as the firm's next chief executive, according to reports. The board of the housebuilder identified Andrew Davies as the person to succeed David Ritchie, who exited the firm in January after a profit warning, Sky News reported. Read more: Top [...]
City Moves for 20 March 2017 – who’s switching jobs at Keystone Law, MarketInvoice and Sage Group March 20, 2017 Today's City Moves cover legal eagles, peer-to-peer finance and enterprise software. Take a look at these movers and shakers: Keystone Law Chancery Lane-based law firm Keystone Law has appointed five senior lawyers across its residential property, regulatory, dispute resolution, employment and private wealth teams. Katie Cohen (pictured) will join Keystone as residential property partner. She [...]
Now banks have pulled their Google ad spend as Royal Bank of Scotland, HSBC and Lloyds pile on pressure March 20, 2017 Google is facing growing pressure over claims it's profiting from hate speech as some of Britain's biggest banks are the latest to pull their ads from YouTube. Royal Bank of Scotland, HSBC and Lloyds have suspended their advertising with the tech giant following an investigation which revealed household brand names were appearing next to offensive and extremist [...]
Theresa May is embarking on a UK tour to galvanise Brexit support March 19, 2017 Prime Minister Theresa May will kick off a nation-wide tour with a visit to Wales this week as part of a move to "strengthen and sustain the precious Union." Details of the trip were announced as Scottish first minister Nicola Sturgeon doubled down on her commitment to holding a second independence referendum. Dates for May's [...]
Melrose executives set to reap the rewards of increasing shareholder value March 19, 2017 The top brass at engineering turnaround specialist Melrose Industries are in line for one of largest paydays of any FTSE 100 company, according to reports. Executives are to receive around £206m according to information obtained by Sky News. A five-year bonus scheme was approved by shareholders in 2012 and details of the payouts will be laid out in [...]
Flying Level: British Airways owner IAG is launching a new low-cost, long-haul airline from Barcelona March 17, 2017 British Airways owner IAG has announced plans for a new low-cost, long-haul airline called Level that will take to the skies in June 2017. The new carrier will fly from Barcelona to Los Angeles, San Francisco (Oakland), Buenos Aires and Punta Cana. Read more: Norwegian Air launches new UK and Irish flights to the US from [...]
House prices in this London borough are 38 times annual earnings March 17, 2017 Dream of affording your own home in London? Well, don't start your house search in Kensington and Chelsea. Read more: A third of first-time buyers now spend half a decade saving for a home The latest figures from the Office for National Statistics show that house prices in Kensington and Chelsea were 38.5 times median [...]