Is Brexit making Britain a bargain for foreign investors? October 9, 2019 The pound has been one of the biggest casualties of Brexit so far. Sterling has lost around 10 per cent of its value against the US dollar and the euro since the UK voted to leave the EU in June 2016 and shed 5 per cent versus the yen. It has lost over 16 per [...]
Sorrell’s S4 Capital buys Silicon Valley agency Firewood for $150m as digital drive deepens October 8, 2019 Sir Martin Sorrell’s S4 Capital has bought digital marketing agency Firewood for $150m (£122.5m) as the ad veteran gears up for a further wave of acquisitions amid an aggressive growth strategy. Firewood, which is Silicon Valley’s largest independent agency, will merge with S4’s digital content division Mediamonks. Read more: S4 Capital sees earnings slip amid [...]
City Moves for 7 October – Who’s switching jobs at Equiteq, Festicket and Smith & Williamson? October 7, 2019 Today’s City Moves includes Equiteq, Festicket and Smith & Williamson? Eqiteq Global investment bank Equiteq has appointed Sohail Ahmed as its new managing director. Based in London, Sohail will engage with the community of entrepreneurs and private equity transacting in the knowledge economy, as well as lead on investment banking project delivery. Sohail has extensive [...]
Real-life Wolf of Wall Street Jordan Belfort reveals why the UK will survive Brexit October 4, 2019 The most remarkable thing about Jordan Belfort, the self-styled Wolf of Wall Street, is not his once-prodigious drug consumption or the Bacchanalian excess of his infamous company Stratton Oakmont – it’s his sheer, bloody-minded staying power. In his 56 years he’s experienced bankruptcy, drug addiction and incarceration, losing more money than most people could earn [...]
Apple rejects app that tracks Hong Kong protest locations October 3, 2019 Apple has rejected an app that helps people in Hong Kong track the location of police and protesters, according to the app’s developer. Read more: Hong Kong: Police charge teenage protester shot by officer The crowdsourced app, called HKmap Live, displays information about police patrols, tear gas use, metro closures and safe houses to help [...]
From big hitters to big quitters: Three FTSE resignations surprise the City October 2, 2019 A trio of City big-hitters shocked the Square Mile this morning after revealing plans to resign from their companies. Tesco boss Dave Lewis, Standard Life Aberdeen fund veteran Martin Gilbert and Metro Bank chairman Vernon Hill all said today that they will be leaving their posts. The triple-whammy of surprise announcements was met with mixed [...]
Tesco CEO Dave Lewis quits as supermarket declares turnaround ‘is complete’ October 2, 2019 Tesco chief executive Dave Lewis is stepping down from the Big Four supermarket, it revealed today as it declared its turnaround is complete. The CEO will leave the business next summer after chairman John Allan said he had accepted his resignation letter “with regret”. Read more: Tesco sells mortgage arm for £3.8bn Lewis called the [...]
FuroSystems Furo X review: A slick and stylish carbon fibre electric folding bike with buckets of power October 1, 2019 It took a short while for them to find one another, but now that they’re together, electric bikes and folding bikes are a match made in heaven. Either one is essential for those of us intending to commute partly by public transport and partly by bike, and without arriving at the office a sweating, stinking, [...]
Hong Kong protests: Activist shot as clashes overshadow China’s National Day October 1, 2019 A Hong Kong protester has reportedly been shot in the chest by a live police round, overshadowing China’s celebrations of its 70th anniversary of Communist rule. First aid workers were seen tending to an injured man on the street, according to South China Morning Post, which reported that police hit a demonstrator in the chest [...]
Sainsbury’s heir to the throne quits to join media powerhouse WPP October 1, 2019 Sainsbury’s has confirmed the CEO of Argos is quitting the retail space to join advertising giant WPP as its new chief financial officer, sparking speculation that boss Mike Coupe is in for the long haul. John Rogers, widely tipped as Coupe’s long-term successor, will leave the retailer on 31 October after almost 15 years at [...]