Netflix drama: Chief executive Reed Hastings quits as big leadership shake up underway January 20, 2023 Netflix co-founder Reed Hastings has stepped down as chief executive but he is staying with the company as executive chairman. The American businessman said that Greg Peters will step up from COO to join Ted Sarandos as co-CEO of the company. Hastings said he is not ready to leave Netflix entirely but is taking more [...]
Close Brothers share price falls as sets aside £90m for legal loans January 20, 2023 Close Brothers will set aside an additional £90m in its 2023 financial statements against bad loans from legal-finance specialist Novitas Loans. Close Brothers acquired Novitas in 2017. In 2021 Close Brothers ceased approval of new loans from Novitas and let existing loans run off. In a statement today, the merchant banking group said Novitas was [...]
BritishVolt’s collapse is disturbing but it’s not surprising January 20, 2023 BritishVolt's collapse is alarming news for Britain's automobile and electric vehicle industry, but it's not surprising after we failed to build the infrastructure we needed, writes former Nissan exec Andy Palmer.
We need more than a charm offensive for SoftBank’s microchip firm to list in London January 20, 2023 SoftBank-owned microchip firm Arm is in Rishi Sunak's sights for a London listing and a win for the UK's tech scene. But we need more than just love from No10 to boost our attractiveness to the tech world, writes Ian Manocha.
The Apprentice recap: Tonight’s most ridiculous moments, ranked January 19, 2023 If you haven’t lost the will to live yet and you’re still tuning in, it’s week three of The Apprentice. Endured another hour of people screaming and shouting at each other for one man’s approval? Well done, now enjoy our favourite three moments from episode three, another absolute corker. (Don’t worry, this is totally spoiler-free…) [...]
UK banks’ shares slide on fears of recession and bad debt January 19, 2023 UK banks’ share prices dipped on Thursday as increasing fears of recession, bad debt and a fairly poor set of US bank earnings this week spooked investors. Barclays shed 2.8 per cent, HSBC 0.6 per cent and Standard Chartered 0.8 per cent. Domestic-focused lenders Lloyds and Natwest also traded lower, finishing down 1.0 per cent [...]
Levelling Up: Rishi Sunak defends £2bn fund after Labour slams it as ‘Hunger Games-style contest’ January 19, 2023 Rishi Sunak has defended his latest levelling up plans after they came under fire from the Labour Party, who accused the government of unfairly favouring the south east of England over the north east. The government yesterday announced they will funnel £2bn of investment into the country’s ‘Levelling Up’ agenda to fund over 100 separate [...]
Having your cake and eating it! Three lucky winners receive sweet treats in Morning Wire competition January 19, 2023 Three lucky City workers received yummy cakes from award-winning London bakery Cutter and Squidge after teaming up with Morning Wire The special delivery to three Square Mile workers took place after this paper ran a competition in response to comments by the boss of the food regulator about cakes. And we take these things very personally. [...]
HSBC will face no penalty for breaching open banking rules over 50 times January 19, 2023 The Competition & Markets Authority has criticised HSBC for breaching open banking rules on over 50 occasions, but the banking giant has been told it will receive no penalty. HSBC published inaccurate information and failed to publish required information on more than 50 occasions over the last five years, the watchdog said. The violations of [...]
Alec Baldwin will be charged with involuntary manslaughter after fatal set shooting January 19, 2023 The actor Alec Baldwin will face charges for the fatal set shooting that took place in 2021. Baldwin mistakenly fired a gun on the film set of forthcoming Western film Rust which killed a cinematographer called Halyna Hutchens. The New Mexico District Attorney revealed at 4pm today that the actor has been charged with two [...]