Landsec chief executive Robert Noel to retire July 11, 2019 Landsec chief executive Robert Noel is set to step down next year, the property giant announced today. Noel will retire after ten years at the firm and eight in the chief executive role after he joined Landsec as managing director of the London portfolio in 2010. Read more: Landsec: A tale of two portfolios He [...]
DFS share price falls as it warns investors of ‘volatile’ political backdrop July 11, 2019 DFS posted strong sales growth for its latest financial year today but also warned future earnings could suffer from uncertain economic outlook. Read more: DFS doubles profit but warns of ‘challenging’ 2019 The sofa giant revealed that online sales growth hit 17 per cent in the 12 months to the end of June, with underlying [...]
DEBATE: Should ambassadors be political appointments? July 11, 2019 Following Sir Kim Darroch’s resignation, should ambassadors be political appointments? Olivia Utley, deputy editor at TheArticle, says YES. To repair a special relationship which has gone – to put it mildly – a little sour, the new Prime Minister needs to appoint a special kind of ambassador. Sir Kim, who spent most of his career [...]
Attacks on central bank independence must be called out for what they are July 10, 2019 There lies great danger in normalising the extraordinary political events of our time. In the last 24 hours alone, reports have emerged of a plot to channel Russian oil money to a governing party in the Eurozone’s third biggest economy; a campaign group behind the UK’s leader of the opposition has disseminated an attack video [...]
Sir Kim Darroch quits as UK ambassador to US in wake of leaked Trump emails July 10, 2019 Sir Kim Darroch has resigned from his post as UK ambassador to the US, saying his leaked about President Donald Trump have made it “impossible” to continue in his role. Darroch’s leaked emails sparked a diplomatic row between the UK and US as Trump lashed back at the envoy’s criticisms before Prime Minister Theresa May [...]
Dyson sweeps up Singapore luxury apartment for record sum July 10, 2019 British billionaire James Dyson has snapped up what is thought to be the most expensive flat in Singapore. The entrepreneur has paid roughly £43.5m for a “super penthouse” spanning three stories at the very top of the city’s tallest skyscraper. Equipped with a private garden, 600-bottle wine cellar and a swimming pool, the self-styled “bungalow [...]
British Airways owner set for record £183m fine after 2018 data breach July 8, 2019 British Airways is gearing up to face a record £183m fine by authorities after a data breach caused it to lose more than 400,000 customers’ information. The airline’s owner, International Consolidated Airlines Group (IAG), announced this morning it would make “any necessary appeals” in response to the penalty. Read more: British Airways data breach: How [...]
Theresa May says leaked US ambassador emails ‘a matter of regret’ July 8, 2019 Britain has been in touch with Donald Trump’s White House to express regret over the leak of confidential emails in which the ambassador to the US called the President’s administration “dysfunctional” and “inept”. The messages from Sir Kim Darroch, the UK’s ambassador to Washington, were leaked to the Mail on Sunday over the weekend. Yesterday, [...]
Bears are gathering to welcome bullish Boris July 7, 2019 Did the economy shrink in the second quarter of the year? While it is impossible to be sure, we will get another clue this week when the Office for National Statistics (ONS) publishes its GDP estimate for May – and so far, the signs are not good. Read more: Boris Johnson to crack down on [...]
Deutsche Bank investment chief quits ahead of shakeup July 5, 2019 Garth Ritchie, the head of Deutsche Bank’s investment banking arm, is leaving the German lender after 20 years, the bank said today. Read more: Deutsche bank poised to announce huge job losses on Monday The move comes as Deutsche prepares to significantly cut back its investment banking activities and axe 20,000 jobs across its global [...]