Chief executive of struggling Kraft Heinz to step down April 22, 2019 Kraft Heinz has today announced that chief executive Bernardo Hees is to step down and be replaced by Miguel Patricio, an executive at drinks giant Anheuser-Busch InBev (AB InBev). Read more: Kraft Heinz share price plunges as SEC probe and losses spook Wall Street The US food company said that Patricio, who is Portuguese, will on 1 [...]
Antisemitism just doesn’t matter that much to Labour – what a surprise April 18, 2019 Spare a thought for poor Richard Burgon, the Labour front-bencher under attack after having his own words heartlessly quoted back to him. The shadow justice secretary’s woes began when he was pressed in a 2018 BBC interview on his alleged quote that “zionism is the enemy of peace”. Burgon repeatedly claimed “I didn’t say that” [...]
City Moves for 18 April 2019 – Who’s switching jobs at VGC Partners, TFoil and Lilium? April 18, 2019 Today's City Moves includes VGC Partners, TFoil and Lilium. VGC Partners London-based growth capital investor VGC Partners has appointed Andrew Lister as investment and portfolio director as the firm looks to invest from its £50m Fund II in high-growth consumer, media and technology businesses. Andrew joins from Marlin Equity Partners, where he spent over three years [...]
Britain is more optimistic about Brexit than gloomy economic forecasts suggest April 17, 2019 The International Monetary Fund (IMF) is up to its usual tricks. Last week, it predicted a two-year recession in the UK in the event of a no-deal Brexit. Even in the main forecast, involving a mild Brexit, GDP was projected to grow by only 1.2 per cent this year and 1.4 per cent in 2020. These [...]
The UK’s booming job creation calls for more workers April 17, 2019 Another blistering set of figures emerged from Britain's jobs market yesterday, with employment soaring to a fresh record high and joblessness sinking to its lowest level since the mid-70s. A further 179,000 people entered employment in the three months to February, the Office for National Statistics said, up by nearly half a million on the [...]
City Moves for 17 April 2019 – Who’s switching jobs at DX Group, Hogan Lovells and Highland Natural Resources? April 17, 2019 Today's City Moves includes DX Group, Hogan Lovells and Highland Natural Resources. DX Group Four decades after founding DX Exchange as a reaction to the postal strikes of the 1970s, Pauline Lyle-Smith has returned to the business as brand ambassador. The move is one of a series of initiatives by DX as it invests in [...]
Could Jacob Rees-Mogg soon be off to 11 Downing Street? April 12, 2019 The Conservative party has a shortage of the political equivalent of rock stars. These are the politicians that the public would not merely recognise (already a rather an elite cohort), but actually might cross the road to ask for an autograph – or, more usually these days, a selfie. Boris Johnson has this star quality, of course. [...]
Labour’s desire for the Bank of England to control UK house prices is disastrous and illogical April 12, 2019 The Bank of England should be responsible for boosting the UK’s productivity, according to the Labour party, which wants Threadneedle Street to dictate how banks lend money to businesses. Under the leadership of Jeremy Corbyn and John McDonnell, Labour also wants to keep RBS nationalised in order to direct its lending; turn Post Offices into [...]
Some things are better left unread – here’s why you need to ditch the office email April 5, 2019 Email can feel like a quick, modern form of communication, but in reality it could not be more outdated. In the world of business, we’ve been using this same format for decades. And now the wear marks are starting to show. Sure, email is easy enough to use. It has its advantages. But the conversations [...]
For safety’s sake, we need to rethink our address system April 4, 2019 Back when I worked in the music events industry, a huge part of my time was spent trying to get bands and equipment to the right place, on time. It was far more difficult than I’d ever imagined, and it was painfully clear to me that street addressing is totally inadequate for directing people from [...]