After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Farewell Vestberg: Share price up as Ericsson chief exec steps down, effective immediately July 25, 2016 Ericsson's chief executive is stepping down from his role, effectively immediately, to make way for a fresher outlook, the company announced today. Hans Vestberg, who has been with the company for almost 30 years including seven at the helm, will be leaving all assignments as of today but will be on call during the next six [...]
City Moves for 25 July 2016 | Who’s switching jobs July 25, 2016 Towergate Insurance Towergate Insurance has appointed Neil Pearce as managing director of Towergate London Market. Neil will join Towergate in September this year and will report directly to group chief executive David Ross. He joins Towergate from RKH Specialty where he was executive director responsible for the UK and international liability team. He was previously [...]
Sir Philip Green ran BHS like a medieval fiefdom: Now his reputation hangs by a thread July 25, 2016 Our new Prime Minister has promised to get “tough on irresponsible behaviour in big business”. The report today of our joint Select Committee on the collapse of BHS offers a case study of what can go wrong at a company almost 90 years old and why she is right that government must react. After over [...]
Four of the most jaw-dropping working practices at Sports Direct July 22, 2016 The dire working practices at Sports Direct have come under the spotlight again today as the Business, Innovation and Skills committee released the report outlining its findings on the company – and it wasn't pretty. Founder Mike Ashley has started a review looking at the conditions at Sports Direct's Shirebrook warehouse and in its stores, which [...]
Another challenger bank just got its banking licence July 21, 2016 The challenger bank race is hotting up as another startup is granted a banking licence. Germany’s Number 26 has been fully approved by authorities to operate as a bank across Europe, and plans to launch in the UK imminently. The three-year-old fintech startup backed by billionaire Paypal founder Peter Thiel now has the stamp of [...]
City Moves for 21 July 2016 | Who’s switching jobs July 21, 2016 Covington Elaine Whiteford is set to join Covington as a partner in the European dispute resolution practice in the firm’s London office. Elaine’s practice focuses on litigation, including contentious competition law matters and follow-on damages litigation, challenges to regulatory decisions, cartel and other regulatory investigations. Over the last decade, she has been involved in many of the most significant competition damages cases brought in [...]
City Moves for 19 July 2016 | Who’s switching jobs July 19, 2016 CBRE Vishnu Reddy, formerly a real estate loan portfolio manager in BNP Paribas’ corporate and investment banking division, has joined CBRE as a senior director and head of transaction management within the capital advisors’ debt and structured finance team. Vishnu has 20 years’ experience working in the sector, both as a lawyer and as a financier, [...]
MPs vote in favour of Trident renewal as majority of Labour MPs vote against Jeremy Corbyn July 18, 2016 MPs have voted in favour of replacing the UK’s Trident nuclear weapons programme in another day of extraordinary events at Westminster which saw Jeremy Corbyn yet again clash with a majority of his own backbenchers. A majority of Labour MPs – 138 of a total of 230 – voted with the government, in line with their own [...]
Defence secretary Michael Fallon: Trident renewal is a “very cheap insurance policy” July 18, 2016 The world is a dangerous place and as such renewing Trident is a cost-effective insurance policy, defence secretary Michael Fallon has said. Ahead of a House of Commons vote on the issue later today, Fallon said it is not possible to foresee with any great accuracy the threats that might be faced in the future, [...]
Abandoning the UK’s nuclear weapons would be “gross irresponsibility”, Theresa May will today warn as Labour’s leader faces another revolt over renewing the Trident submarines July 18, 2016 Abandoning the UK's nuclear deterrent would be “gross irresponsibility” Theresa May will today warn, as Labour faces a substantial rebellion over the vote on renewing the UK's Trident submarine. The House of Commons will today host a lengthy debate on Britain's nuclear weapons, with a vote expected at around 10.00. And opening the debate, the [...]