Still “jeopardy” over CBI future, but new prez Rupert Soames says firms are re-engaging February 7, 2024 The new boss of the Confederation of British Industry (CBI) revealed that there is still some doubt as to whether the business lobby group can survive the scandal. Speaking to the BBC, the CBI’s new president Rupert Soames admitted that the organisation has to refinance its bank debt in autumn of this year. He explained [...]
Mark Kleinman’s must-read column: It’s payback time in the debate over executive pay February 1, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking, He writes a weekly column for City A.M. Like death and taxes, rows over boardroom pay are among life’s perennial certainties. Could 2024 turn out to be a watershed year, though, in the debate over executive remuneration at the [...]
Serco raises outlook as demand for immigration services in Europe and acquisitions drive growth December 14, 2023 Serco is forecasting higher profit and revenue this year as demand for its immigration services and a number of acquisitions drive growth.
Rupert Soames the right man for CBI mission December 6, 2023 Rupert Soames has been appointed the new president of the CBI - and he's the right person for the job in almost every way
Rupert Soames picked as next Confederation of British Industry chief December 5, 2023 The Confederation of British Industry (CBI) has named Rupert Soames as its next president.
UK fraud agency goes on hiring spree to top up numbers after departures December 4, 2023 The Serious Fraud Office (SFO) said that hiring new staff was its “top priority” as it looks to turnaround under new boss Nick Ephgrave.
Madness star Suggs challenges corporate Britain to give ex-offenders another chance November 4, 2023 Legendary Madness frontman Suggs challenged 300 business people to give ex-offenders another chance.
Sports medicine boosts Smith & Nephew results as chief financial officer steps down August 3, 2023 Medical device manufacturer Smith & Nephew has reported revenue and profit increases due to higher demand for sports medicines as the chief financial officer steps down. Strong performance in sports medicine, advanced wound management, and orthopaedics, which together make up 60 per cent of their business, has led to a 7.3 per cent rise in [...]
New SFO director has ‘a massive mountain to climb’ as the anti-fraud agency looks to rebuild July 26, 2023 The new director of the Serious Fraud Office (SFO) faces a herculean task in rebuilding the agency’s reputation after a number of failures over the last few years, top City lawyers have warned. Earlier this month Nick Ephgrave, the former assistant commissioner of the Metropolitan Police, was appointed as the next director of the agency [...]
Serco shares jump as outsourcer raises profit outlook June 29, 2023 Shares in outsourcing giant Serco soared over 11 per cent this morning after the firm raised its profit guidance for the year ahead on the back of rising demand for its immigration services. In a trading update this morning, the company said it expects to see underlying trading profit of around £245m, a 4 per [...]