Avast shares drop as CEO prepares to step down despite cyber fears pushing profits up March 13, 2019 Cyber security firm Avast saw its shares fall more than five per cent this morning after it announced chief executive Vince Steckler will step down later this year. Read more: Avast sets sail on substantial maiden results The figures Avast’s revenue rose 24 per cent from $652.9m (£498m) to $808.3m. Operating profit doubled from $124.3m [...]
Lalor and Kayley ready for their date with destiny March 12, 2019 EVERY year Cheltenham throws up incredible stories, but if Lalor was to win tomorrow’s Racing Post Arkle the heart strings won’t be pulled harder all week. His trainer Kayley Woollacott has endured the most difficult 14 months anyone could ever imagine. In January 2018, her husband Richard took his own life after a long battle [...]
No more ties in the office? Suit yourself in a world beyond workplace dress codes March 12, 2019 “A man cannot dress, but his ideas get clothed at the same time,” wrote Lawrence Stern in Tristram Shandy in 1759. More recently, Caitlin Moran pointed out that when a woman says she has nothing to wear, what she means is “there’s nothing here for who I’m supposed to be today”. Clothes are text. From [...]
Barclays, Lloyds and Natwest launch business hubs as branch closures hit small firms March 11, 2019 Three of the UK’s largest banks have unveiled plans for joint business hubs amid fears small firms are being hit by branch closures. Natwest, Lloyds Bank and Barclays have announced the pilot, which will see six business banking hubs launched across the country. Read more: Digital bank Monzo in discussion with Post Office over cash [...]
This investment clock says what assets to buy and when March 11, 2019 By Tom Bailey from interactive investor. It’s inevitable that the unremitting global economic cycle will impact stock markets, but when? The economist Paul Samuelson once joked that the stock market has predicted nine of the past seven recessions. But while the over-reactive nature of equity market investors and their poor predictive powers ring true, there [...]
What’s Mike Ashley’s game with Debenhams? March 8, 2019 Mike Ashley is consistent in the way he always manages to surprise us. On Thursday night in a post-market RNS the Sports Direct boss announced he was planning a boardroom cull at Debenhams, installing himself as chief executive officer. Only the recently appointed Rachel Osborne would survive the cull. On Tuesday, after Debs warned on [...]
Lawyer apologises for Carlos Ghosn’s bail ‘disguise’ March 8, 2019 Carlos Ghosn’s lawyer has apologised for his “amateur plan” to disguise the car industry titan as a manual labourer on his release from prison yesterday. The former Nissan boss, was identified within moments of leaving a Tokyo jail on Wednesday despite wearing a facemask, overalls, yellow reflective braces and a cap. Japanese media mocked the [...]
Ousted Nissan chairman Carlos Ghosn released on bail from Japanese prison March 6, 2019 Former Nissan chairman Carlos Ghosn has finally been released from a Japanese detention centre after paying one of the highest bail charges ever in the country of 1bn yen (£6.85m). The ousted boss has served more than three months in prison over accusations of financial misconduct, but his release will give him more time to [...]
Ousted Nissan chairman Ghosn on brink of release after posting £6.85m bail March 6, 2019 Former chairman of Nissan Carlos Ghosn has paid one of the highest bail charges ever in Japan of 1bn yen (£6.85m), according to Tokyo District Court, meaning he is on the verge of being released on Wednesday. The ousted boss has served more than three months in prison over accusations of financial misconduct, but his [...]
Superdry to cut jobs at head office amid £50m cost-cutting plan March 5, 2019 Under-pressure fashion group Superdry has confirmed today that it is to slash jobs at its head office as part of a major cost-cutting plan. More than 100 jobs are facing the axe, predominantly at the firm’s headquarters in Cheltenham, in the wake of the company's announcement late last year that it is looking to save [...]