Former Ferrari executive Michael Leiters in pole position to head McLaren Automotive April 19, 2022 Former Ferrari executive Michael Leiters is reportedly in the pole position to head McLaren’s car making business, McLaren Automotive. Leiters, who stepped down from his chief technology officer post in December, is among the candidates currently vetted to replace McLaren Automotive’s chief executive Mike Flewitt. It is unclear whether Leiters has agreed to take over [...]
City Moves: Who’s switching jobs in the Square Mile? April 19, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Bovill Financial regulation consultancy Bovill has hired a new partner – an ex-UBS money laundering expert who returns after a three-year hiatus. Mark Spiers, who brings more than 20 years’ experience in the industry, was previously part [...]
Captured British fighters paraded on Russian state plead Boris Johnson for prisoner swap with Putin ally April 18, 2022 Two British fighters captured in Ukraine have been paraded on Russian state TV, with the pair pleading with Boris Johnson to exchange them for an ally of Vladimir Putin. Shaun Pinner, 48, and Aiden Aslin, 27, were captured by Russian forces last week while defending the South-East port city of Mariupol alongside Ukrainian marines. Footage [...]
Illegal Easter rave ended by police… 21 hours after force first ordered revellers to leave Dorset site April 18, 2022 An illegal rave that attracted more than 1,000 people has been dispersed 21 hours after police first ordered revellers to leave the site. The crowds descended on a site close to the village of East Lulworth at around half-past midnight on Sunday, Dorset Police said. The force cordoned off roads and ordered people to leave [...]
Passport applications hit record high as Brits rush on holiday April 14, 2022 Brits could be waiting for as long as ten weeks for a new passport as the demand for quick getaways has spiked across the country.
Grocers see more than £1bn wiped off value after Tesco profit warning April 14, 2022 Supermarkets had a total of more than £1bn chipped off their market value on Wednesday, after a warning over inflationary pressures from Tesco. Grocers including Ocado and Sainsbury’s suffered poor performances on Wednesday, after Tesco warned that profit could be hammered by rising costs and shifts in shoppers’ behaviour. Ocado took a hit on the [...]
Ed Warner: Docuseries triumph may drive wedge between media and sport April 14, 2022 “Please please please please just go away!” The letter writer signed off with his PS in green ink, only months into my stint as chair of UK Athletics in the days before tweets were a thing. I wish I’d kept it, the only time I’ve seen green ink scrawled in cliched anger. Sports leaders are [...]
If the FCA stays stuck in the past, London will lose capital to European competitors April 14, 2022 Sometimes, when things are not working fully, you have to start from the beginning. Perhaps it was this rationale driving Nikhil Rathi, chief executive of the Financial Conduct Authority, when he made several promises in the regulator’s “three year strategy” almost identical to those made by George Osborne in 2011 when the body was set [...]
Supermarkets drag down London indexes on spending jitters April 13, 2022 London’s top indexes were muted today as investors ditched shares in supermarkets despite Tesco posting bumper profits. The capital’s premier FTSE 100 index edged 0.05 per cent higher to 7,580.80 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.12 per cent to 20,984.45 [...]
UK drivers suffer record spike in monthly petrol prices April 13, 2022 Petrol prices have risen over 12 pence per litre between February and March, the largest monthly hike since records began in 1990.