Ed Warner: Bullingham must own England manager decision if it comes December 15, 2022 “The FA should only look at English managers if Gareth Southgate steps down.” “No, the FA should be prepared to hire a foreign coach.” Discuss ad nauseam. Now imagine you are Mark Bullingham, the Football Association’s chief executive, possibly (but not certainly) about to have to make an appointment whose success or failure would stand [...]
FTSE 100 shrugs off rosy inflation numbers as house builders drop December 14, 2022 London’s FTSE 100 shrugged off upbeat figures today that indicated the UK’s inflation surge may have finally passed its peak. The capital’s premier index edged 0.09 per cent lower to 7,495.93 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.25 per cent to [...]
Milbank boosts position in London market via deal with boutique firm December 14, 2022 New York law giant Milbank has poached almost 30 lawyers from boutique law firm Dickson Minto after snapping up its highly coveted City-based private equity division. The deal will see seven partners and 20 associates from Dickson Minto’s City offices join Milbank’s 140 lawyer-strong London team. Scottish corporate law firm Dickson Minto currently has its [...]
Avanti apologises ‘unreservedly’ for poor service over recent months December 14, 2022 Avanti West Coast has apologised “unreservedly” for providing an unacceptable service to passengers over the past few months. Richard Scott, director of corporate affairs at parent company West Coast Partnership, told a parliamentary committee today the service provided “has not been good enough and I apologise unreservedly for that.” The troubled train operator came under [...]
HSBC confirms plans to stop funding new oil and gas fields December 14, 2022 HSBC has revealed it will stop funding new oil and gas fields, as part of a wider update of its environmental policies.
Bankruptcy specialists prepare for boom as economic headwinds hit UK firms December 13, 2022 Corporate restructuring specialists Begbies Traynor and FRP Advisory are expecting a boom in demand for their services in the oncoming economic slump. The advisory businesses are expecting to profit from a surge in insolvencies as worsening economic headwinds start sinking more UK firms. Begbies Traynor’s executive chairman Ric Traynor told City A.M. the consultancy stands [...]
Why banks must get better at managing the risky business of cloud computing December 13, 2022 Cloud computing represents the future of financial sector IT. Its services helped many organisations through the pandemic, supporting mass working and empowering them to reach locked-down customers digitally. But migrating data and systems to third-party datacentres also increases risk, as the Bank of England noted last year. The challenge for IT bosses in the sector [...]
As cyber-threats mount, the race is on to define and protect the corporate attack surface December 13, 2022 Cybersecurity has historically been a difficult sell to the board. Banking leaders, like their counterparts across other sectors, tended to regard IT security as the domain of the techies—something adjacent to rather than at the core of their business. But things have changed considerably since the start of the pandemic. Today the challenge is not [...]
Over-confidence and under-investment: why banks are on the back foot against ransomware December 13, 2022 For unlucky financial institutions, a ransomware attack can seem like a high stakes game of poker. They’re faced with an opponent who claims a winning hand – having potentially encrypted and stolen large volumes of data. But how strong is their hand really? Are they bluffing? Did the IT team manage to pull the plug [...]
World Rugby No2 Laporte and club owner Altrad guilty of corruption December 13, 2022 World Rugby vice-chairman Bernard Laporte and president of Top14 champions Montpellier Mohed Altrad have been found guilty of corruption-related charges at the Paris Criminal Court this afternoon. The duo – along with three others – went on trial in September over a number of bribery and corruption allegations and were sentenced today. Mohed Altrad was [...]