Samira Ahmed reaches settlement with BBC over equal pay case February 24, 2020 The BBC has reached a settlement with Samira Ahmed after the presenter won her equal pay case against the broadcaster. An employment tribunal last month ruled that Ahmed was underpaid for hosting Newswatch in comparison to Jeremy Vine, who hosts Points of View. The BBC had argued that the two presenters fulfilled “very different roles”, [...]
Ailing NMC Health shares have further to fall, says analyst February 24, 2020 An analyst who was one of the first to predict a slump in NMC Health’s share price has slashed the embattled hospital operator’s target price, saying the stock could fall a lot further. Jefferies’ James Vane-Tempest cut his target price for the NMC Health from 1,300p to 500p, 42 per cent below Friday’s closing price. [...]
Unicredit’s Mustier rules himself out of running for HSBC role February 24, 2020 Unicredit chief executive Jean Pierre Mustier has ruled himself out of the running to be the next boss of HSBC, as the hunt to find a leader for Europe’s largest lender enters its seventh month. Italy’s biggest bank said this morning that Mustier had confirmed he would remain in role, following reports last night [...]
Everything old is new again: Stakeholder capitalism is back February 24, 2020 Russ Lidstone, Chief Executive Officer of The Creative Engagement Group, argues that businesses and leaders must embrace “stakeholder capitalism” Mark it down: 2020 could be the start of more than just the new decade. For the first time since 1973, the World Economic Forum has updated its Davos Manifesto to re-emphasise businesses’ commitment to the [...]
Barclays prepares to begin hunt for Jes Staley’s replacement February 24, 2020 Barclays is preparing to begin the search for a new chief executive to replace Jes Staley, making it the latest European bank to hunt for new leadership. Staley, who has led the banking giant since 2015, has told colleagues he expects to leave Barclays by the end of next year, according to the Financial Times. [...]
Why we should stay optimistic as markets navigate uncertainty February 24, 2020 It’s not long since warnings of an upcoming slowdown dominated the British news agenda. But with a Brexit deal in hand and signs of a thaw in the global trade war, uncertainty has lessened and the fear of recession receded. So it is smooth sailing from here? Hardly. New uncertainties are likely to emerge just [...]
Culture complements commerce, so let’s celebrate the City’s thriving artistic scene February 24, 2020 As lord mayor of the City of London, my role is primarily business-focused. But I am also passionate about arts and culture, and with so much of it on our doorstep, Londoners are truly fortunate. In fact, championing culture is a key part of my mayoral theme. And to underline its importance, I am looking [...]
Government appoints advisers to oversee outsourcers amid fear of Carillion-style collapse February 23, 2020 The government has reportedly appointed advisers to monitor the health of important outsourcers such as engineering company Kier. The Sunday Telegraph reported that the Cabinet Office has hired accountancy firm Deloitte to assist in assessing the finances of key contractors. The move follows the collapse of outsourcer Carillion in 2018. The Cabinet Office, which employs [...]
Mayoral candidate Siobhan Benita wants to ‘Love London Better’ February 22, 2020 For a brief moment in 2019, the Liberal Democrats looked a serious chance of upending Britain’s two-party political hegemony. After years in the political wilderness, the party rode a wave of Brexit uncertainty and parliamentary division to top Westminster YouGov polling in late May, eliciting cries of jubilation from long suffering Lib Dem supporters. It’s [...]
HMRC sets up secret unit to probe inheritance tax avoidance February 22, 2020 HM Revenue & Customs has implemented a secret unit to investigate the use of family investment companies (FIC) by the very wealthy to avoid paying inheritance tax. It puts family offices with a combined total of more than $1tn in assets within its sights. The tax authority set up the team in April last year [...]