Uber launches new UK safety features as employment appeal looms October 17, 2018 Ride-hailing firm Uber has today launched a slate of new safety features in the UK and 23 other European countries, as it heads towards a court of appeal hearing regarding workers' rights at the end of the month. The Uber app will now house a safety centre from which passengers and drivers can share their trip details [...]
Insurer Beazley becomes second tenant in City skyscraper Twentytwo October 10, 2018 The City's tallest skyscraper has landed its second major tenant – specialist insurer Beazley – in a sign of the bumper year for insurance take-up in the Square Mile. City A.M. can reveal the FTSE 250 insurer is set to take 50,000 square feet (sq ft) over two floors at 22 Bishopsgate when construction is finished [...]
M&C Saatchi: WPP needs ‘radical surgery’ for post-Sorrell future September 21, 2018 M&C Saatchi's boss has warned his firm is ready to swoop on rival ad agency WPP’s territory as Sir Martin Sorrell’s successor is busy performing “radical surgery” on the business. David Kershaw hailed surging earnings at M&C Saatchi, seeing revenue almost double to £215.4m after new accounting rules changed the way revenue from customer contracts [...]
M&C Saatchi: WPP needs ‘radical surgery’ for post-Sorrell future September 21, 2018 M&C Saatchi's boss has warned his firm is ready to swoop on rival ad agency WPP’s territory as Sir Martin Sorrell’s successor is busy performing “radical surgery” on the business. David Kershaw hailed surging earnings at M&C Saatchi, seeing revenue almost double to £215.4m after new accounting rules changed the way revenue from customer contracts [...]
Royal Mail chair steps down because of Countrywide commitments September 19, 2018 The chairman of Royal Mail, Peter Long, announced today that he is stepping down with immediate effect. Royal Mail said he had taken the decision after his other commitments “increased substantially” this year, including moving from non-executive to executive chairman at troubled estate agents Countrywide. Long joined the board of Royal Mail in June 2015 [...]
Royal Mail chair steps down because of Countrywide commitments September 19, 2018 The chairman of Royal Mail, Peter Long, announced today that he is stepping down with immediate effect. Royal Mail said he had taken the decision after his other commitments “increased substantially” this year, including moving from non-executive to executive chairman at troubled estate agents Countrywide. Long joined the board of Royal Mail in June 2015 [...]
Phoenix expects to beat cash targets as £3.2bn Standard Life Assurance acquisition nears close August 23, 2018 Insurer Phoenix Group said today it expects to beat its target for cash generation this year as it announced its half-year results. Phoenix, which focuses on acquiring life insurance units that are closed for new business, said its acquisition of Standard Life Assurance for £3.2bn was progressing well with the deal expected to close on [...]
Insurer Hiscox is first tenant for tallest City of London skyscraper at 22 Bishopsgate August 6, 2018 The City’s tallest skyscraper has landed its first tenant as plans for a global insurer to take a 19-year lease in the building were unveiled today. Hiscox hopes to occupy three floors of the building at 22 Bishopsgate, known as Twentytwo, once construction is set to be completed late next year. The 62-storey building is [...]
Split between Bank of England governor Mark Carney and chief economist Andy Haldane puts August hike back on table June 21, 2018 The Bank of England’s chief economist broke ranks with the governor for the first time in seven years yesterday as he called for higher interest rates, putting a hike in August back in play. Andy Haldane was one of three hawks on the nine-member monetary policy committee (MPC) to vote to increase bank rate from [...]
Uber to offer drivers medical cover and maternity pay as it gears up for court hearing on its future in London May 23, 2018 Uber is introducing a number of protections for its European drivers including sickness, and maternity and paternity payments, as it gears up for a crunch decision on its future in London. The company lost its licence to operate in the capital last September with Transport for London (TfL) ruling it not fit and proper to [...]