Growth must go hand-in-hand with resilience December 13, 2024 To build a dynamic economy with thriving businesses, we must lay the groundwork and put resilience planning at the heart of business thinking, says Jordan Cummins If there is any certainty in business, it is the certainty of change. And the speed of that change in the last decade has been relentless. From geopolitical tensions [...]
Chapel Down: Winemaker toasts new CEO as finance chief resigns December 13, 2024 Chapel Down has named James Pennefather as its new chief executive while its finance head has resigned after a challenging year for England’s biggest winemaker. The London-listed firm said on Friday that Pennefather will take up the CEO post on 1 February, replacing Andrew Carter – who resigned in September as the firm reported a [...]
Boohoo floats board seat to Frasers – as long as it’s not for Ashley or Lennon December 13, 2024 Boohoo's board has floated an olive branch to Frasers today with the offer of a board seat, but only if Mike Ashley or Mike Lennon are not the candidates put forward.
UK economy on ‘recession watch’ after unexpected contraction December 13, 2024 The UK economy shrank unexpectedly in October after a fall in production output and stagnation in the services sector ahead of the Budget. GDP fell 0.1 per cent during the month, data from the Office for National Statistics (ONS) showed. Economists had expected a return to modest growth of 0.1 per cent. It marks two [...]
Free trade is the future for post-Brexit Britain December 13, 2024 As Britain joins CPTPP, we are finally realising the benefits of an independent trade policy made possible by Brexit, says Fred de Frossard This weekend, the United Kingdom’s membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is finally activated. The UK will be the twelfth member to join, taking the trade area’s [...]
Lloyd’s of London insurer Canopius favours IPO in private equity exit December 12, 2024 The private equity owners of Canopius plan to list the Lloyd’s of London insurer on the UK stock market next year, City AM has learned. A consortium led by US investor Centerbridge Partners is leaning towards an IPO rather than sale as part of its review into exit options for Canopius, according to a person [...]
Cabinet Office to make hundreds of Civil Service redundancies December 12, 2024 Hundreds of jobs are set to be cut by the Cabinet Office, it has been confirmed, in a move which the government department said will create a “smaller, clearer structure”. A total of 400 jobs have been placed at risk at the department which is responsible for a range of functions across government. The Cabinet [...]
Court rejects appeal in data privacy class action against Google December 12, 2024 A court has rejected an appeal against a decision to throw out a data privacy class action against Google and its AI subsidiary, DeepMind
Ed Warner: Sport owners mustn’t forget the loyal and local in rush to go global December 12, 2024 In the frenzied rush to create global franchises and events, the sport business risks forgetting local and loyal fans at their peril, says Ed Warner. Storm Darragh dashed many sporting dreams last weekend, including those of the Australian 15-year-old who spent all his savings on a solo trip from Down Under only for the last [...]
Omnicom and IPG staff fret for their future after $13bn mega merger December 12, 2024 Omnicom and IPG sent shockwaves through the advertising sector when they announced a $13bn merger on Monday. Ali Lyon looks at what the deal means for the firms’ agencies, staff and the ad industry as a whole. Advertising, according to Mad Men’s Don Draper, is based on one thing: happiness. Happiness, the protagonist of the [...]