Standard Life on the hunt for a Brexit guide to add to its public affairs knowledge August 31, 2016 Those with a head for Brexit-related red tape might want to dust off their CVs, as insurance and pensions company Standard Life is looking out for somebody to help guide it through the referendum fallout. The new hire will report to Graeme McEwan, chief communications officer, and will help advise the FTSE 100 firm on policy [...]
Here’s why government spending isn’t fixing the housing crisis, according to Shelter August 31, 2016 The government is pouring money into schemes that boost demand for properties – but is failing to put enough cash into house building, according to research from housing charity Shelter. The current parliament has spent two thirds of its housing money – £28.7bn – on programmes such as the Lifetime ISA and Help to Buy, which [...]
The BBC iPlayer loophole is closing tomorrow: Here’s what you need to know August 31, 2016 The law around the licence fee is changing tomorrow. It is now illegal to watch BBC programmes on demand, including on the iPlayer, without paying the £145.50 annual fee. Here is what you need to know: Do I need to do anything if I already have a licence? No. If your household is already covered [...]
City Moves for 31 August 2016 | Who’s switching jobs August 31, 2016 Game Digital Game Digital has appointed Guy Lister as chief operating officer. The newly created role, reporting directly to Game Digital CEO, Martyn Gibbs, will see Guy lead all areas of Game Digital’s UK retail operations, including stores and eCommerce, supply chain, marketing and finance functions. Guy joins from Office Shoes where he was chief customer and marketing officer. [...]
Nairo Quintana surges back into Vuelta a Espana lead as Chris Froome reclaims third place August 29, 2016 Colombian Nairo Quintana stormed back into the race leader’s red jersey at the Vuelta a Espana on Monday as Britain’s Chris Froome reclaimed third place in the overall standings. Quintana attacked on the final 14km climb to take the 10th stage by 24 seconds. Froome mustered a strong finish to cross the line at Lagos [...]
Morgan Stanley is retreating from investing in European buyouts August 29, 2016 Morgan Stanley is backing away from European buyouts, with a handful of senior private equity staff let go. According to Sky News, the Wall Street giant informed staff last week that it was abandoning European private equity activity, with managing director Jean-Marc Jabre among the big names departing. The bank had been a strong supporter [...]
Final BHS stores set to close after 88 years on the high street August 28, 2016 BHS will disappear from the high street today after 88 years of trading, as the final 22 stores are set to shut. Administrators Duff & Phelps decided to start winding down the business in June when it became clear no buyer would take it on as a going concern. Read more: Holiday like Philip Green – the [...]
ISS has reportedly joined the growing revolt against Sports Direct owner Mike Ashley August 26, 2016 Sports Direct owner Mike Ashley is facing a growing revolt and Institutional Shareholder Services (ISS) is reportedly advising investors to oppose his re-election to the retailer's board. City A.M. revealed today that fellow shareholder advisory groups Glass Lewis and ShareSoc were backing a shake-up at Sports Direct, with the former calling on investors to vote [...]
Liberty Media could zoom into pole position on Formula One deal with £6.4bn bid August 25, 2016 Liberty Media has become the latest company to throw its hat into the ring for the controlling stake of Formula One (F1) with a $8.5bn (£6.4bn) bid. The controlling stake in F1's parent company is currently owned by CVC Capital Partners, which has a 35 per cent stake and has held its position since 2006. According to Sky News, [...]
Olympic cycling stars talk of hard work, motivation and the opposition sneaking a peek August 25, 2016 Britain’s track cycling stars have revealed the extraordinary lengths to which envious rivals went in order to try to stifle their supremacy at the Rio Olympics. Team GB exceeded all expectations in the velodrome by winning six golds, with every rider on the team coming home with a medal of some colour, but that success [...]