Wells Fargo boss stands down and is replaced by chief operating officer October 12, 2016 The embattled boss of Wells Fargo, John Stumpf has quit his post, effective immediately. The reins at the US' third largest bank have been handed onto Tim Sloan, the company’s president and chief operating officer. Sloan will hold onto his role as president. Stumpf had been under increasing pressure to resign in the wake of an investigation into claims that its employees [...]
Travelodge to create 1,000 permanent jobs in Christmas recruitment drive October 12, 2016 British hotel chain Travelodge is planning to check in 1,000 new members of staff as it launches a Christmas recruitment drive to fill positions at dozens of locations across the country. The budget hotelier is recruiting 160 staff for seven new hotel openings in Finchley, Stockport, East Grinstead, Kings Lynn, Andover and Peterhead. The group [...]
MPs have debated plans for a new Royal Yacht today, exploring how to fund a replacement vessel October 11, 2016 MPs debated options for the funding of a new Royal yacht yesterday – with one suggestion to divert cash from the UK's aid budget. In a Westminster debate led by Lancashire MP Jake Berry, MPs called for the government to re-establish the use of a royal yacht for trade talks. Former defence minister Sir Gerald Howarth [...]
Asia minister announces “technopreneur” tie-up between Britain and Indonesia October 11, 2016 The Foreign Office has announced a new trade partnership with Indonesia to create a generation of “technopreneurs”, providing a signal of how post-Brexit Britain intends to look beyond the EU in developing economic ties. Britain's Asia Minister Alok Sharma MP, will unveil the plans during his trip this week to Indonesia, Singapore and Thailand. The project will fund training for young scientists [...]
Business rates that hit London need reform October 11, 2016 Business rates are a blunt instrument, one which is set to deliver a heavy blow to London’s retailers, offices and hotels. Rates are due to rise from next April after a revaluation of rateable values for England’s 1.85m commercial properties by the Valuation Office Agency. It is the first such revaluation since 2010. Analysis by [...]
Ire over immigration: Careless policy debates risk damaging Britain October 10, 2016 Sometimes great damage can be caused by a government policy idea that doesn't end up seeing the light of day. Think back to 2013, when the Tory-LibDem coalition announced plans to introduce a visa bond. The idea would have seen arrivals from countries such as India or Nigeria paying a £3,000 bond as part of the [...]
Don’t kid yourself Hillary will be a good President October 7, 2016 For all the attention lavished on Donald Trump’s many flaws, there’s a deafening silence in the UK media about Hillary Clinton’s own defects as a US presidential candidate. They are not unconnected. Given the Republican’s illiberalism, nobody seems to want to say anything that might undermine the only person standing between him and the most [...]
City Moves for 7 October 2016 | Who’s switching jobs October 7, 2016 McCann Worldgroup McCann Worldgroup has appointed Samantha Giles as EVP, global business leader on the agency’s global Nestle business. She joins from Ogilvy & Mather where she has been worldwide managing partner. Giles, who will remain based in London, will succeed Julian Ingram who has headed the Nestle business for the past two years, extending [...]
Gone to pot: Police want Camden Town to become a “bong-free” zone October 6, 2016 Camden Town may look a little different the next time you visit as police have pledged to make the area a "no bong" zone and crackdown on paraphernalia associated with drug use. To draw an end to comparisons with pot hotspot Amsterdam, officers have warned shops based on Camden High Street and around the Lock [...]
Look to Twitter for why Britain’s economy proved Project Fear wrong October 5, 2016 The economic data on post-Brexit Britain is beginning to emerge. We discovered last month that employment in May to July grew by 174,000 compared to the previous three months. Last week, the Office for National Statistics published its estimate for the output of the service sector of the economy in July. This showed a 0.4 per [...]