IMF boss Christine Lagarde: The world needs more women with top jobs in finance May 6, 2015 The bad culture in banking is still not fixed, and more women at the top of the industry could help, International Monetary Fund boss Christine Lagarde said yesterday. “Several studies have shown that female leadership is more inclusive,” she told an audience in Washington DC. “You may be familiar with a question I have posed in the [...]
Tesla beats expectations as Elon Musk reveals 38,000 pre-orders for Powerwall home battery May 6, 2015 The figures Tesla increased production and sales of its electric cars in the first three months of 2015 as Elon Musk's company reported first-quarter earnings expectations that beat analysts' expectations. First quarter losses narrowed to $45m, or 36 cents per share, compared to a $50m loss in the same period last year and above analysts' [...]
Mike Ashley’s Sports Direct HQ raided by police investigating former Rangers owners May 6, 2015 Scottish police have raided Mike Ashley's Sports Direct headquarters as part of a two-year investigation into two takeovers of Rangers football club. Mike Ashley owns an 8.6 per stake in Rangers, whose previous owners Craig Whyte and Charles Green are the subject of the investigation that led police to Sports Direct's Derbyshire base. In a statement [...]
“Flash crash” trader Navinder Singh Sarao can’t pay £5m bail because his assets have been frozen May 6, 2015 The British trader accused of causing the U.S. 2010 flash crash cannot pay his £5m bail because U.S. authorities have frozen his assets, a court heard today. Navinder Sarao, who was arrested on 21 April and charged with 22 counts of illegal trading activities, appeared at Westminster Magistrates Court this morning for a scheduled bail [...]
General Election 2015: Campaigners are trying to take Boris Johnson to court May 6, 2015 Activists unhappy that Boris Johnson is trying to become an MP while being the Mayor of London at the same time are trying to take him to court. Johnson is fighting for the Conservative seat in Uxbridge and South Ruislip, but an online petition called #SackBoris, which currently has around 500 signatures, is trying to [...]
General Election 2015: WPP founder Sir Martin Sorrell wants a UK version of the Chinese Five Year Plan and an acknowledgement that immigration benefits the economy May 5, 2015 ELECTION COUNTDOWN: 1 DAY TO GO We have been asking a business leader each day to say what policies would entice them to vote for a particular party. SIR MARTIN SORRELL: FOUNDER AND CHIEF EXECUTIVE OF WPP 1. Articulate a practical overall economic plan covering, among other things, education, infrastructure investment (hard [...]
HSBC boss Stuart Gulliver warns George Osborne or Ed Balls tax hikes could drive bank from UK May 5, 2015 HSBC’S chief executive warned yesterday that the Conservative and Labour parties both risk driving the bank out of the country with tax hikes. The giant lender is looking at moving its headquarters out of the UK after more than 20 years in London, as its global business may be harmed by regulation and taxes. George [...]
London’s General Election: On the trail with Labour’s business star Chuka Umunna May 5, 2015 Our third seat profile sees Charlotte Henry talk to shadow business secretary Chuka Umunna in his Streatham seat. Find the first profile in our series here: Battle for Poplar and Limehouse at the edge of the City Find the second profile here: Lib Dem Bermondsey battler Simon Hughes still going strong Under Ed Miliband’s leadership, Labour’s [...]
Yanis Varoufakis gets official backing but Greek bailout deal proves elusive May 5, 2015 Greece's government yesterday said it backed finance minister Yanis Varoufakis and remained intent on securing extra bailout funding. However, comments from officials suggested talks with creditors may continue to stall ahead of two payments to the International Monetary Fund (IMF) – one tomorrow and another on 12 May totalling almost €1bn (£0.7bn). “The [...]
Super Mario Draghi: Age of unwinding? – CNBC Comment May 4, 2015 THE PAST few years have seen central banks invested with almost super hero-like powers. Super Mario Draghi might not be one of the characters in Avengers: Age of Ultron, but his powers are almost as impressive as Iron Man’s. And has Iron Man ever pumped so much money into the Eurozone’s financial system that he [...]
