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 [...]
Vice founder predicts traditional media consolidation “bloodbath” August 24, 2016 Traditional media companies beware. There is a “revolution going on”, according to Shane Smith, the chief executive of Vice. The founder of the youth media organisation has predicted a consolidation “bloodbath [in the sector]… and we will be sitting there laughing our heads off”. He also said older media organisations risk alienating youngsters who will soon themselves [...]
Airlander (AKA the flying bum) has crashed August 24, 2016 Airlander, the British aircraft which is the longest in the world and also happens to be nicknamed the "flying bum" plane because of its appearance, has had a minor crash. The Airlander 10 was damaged during the landing of only its second ever test flight. No one was injured but there was damage to the cockpit underneath the craft. Watch: Airlander [...]
The hardest word: Full text of Lloyds boss Antonio Horta-Osorio’s letter to his staff over tryst allegations August 24, 2016 Lloyds boss Antonio Horta-Osorio has issued an apology to his staff after an alleged tryst with Russell Group boss Dr Wendy Piatt. Sky News reported last night that Horta-Osorio was preparing to write to his 75,000 staff expressing "deep regret" over the allegations, which surfaced earlier this month after he and Platt went on a business trip [...]