Co-op CEO Quits Amid Cyber-Attack and Toxic Culture Allegations
Shirine Khoury-Haq resigns as Co-op CEO after a challenging year marked by a £107m cyber-attack loss and allegations of a toxic workplace culture.
Category : Corporate
Ursula Andress, 90, Files Complaint; Italy Seizes €20m Assets
Italian authorities have seized €20 million in assets in Tuscany, including property and vineyards, allegedly bought with money embezzled from actor Ursula Andress, who filed a complaint in Switzerland.
Co-op's £126m Loss After Cyber Attack, CEO Quits
Co-op slumps to a £126m loss following a devastating cyber attack that cost nearly £300m, with CEO Shirine Khoury stepping down as the retailer plans £200m in cost cuts for 2026.
Odey Accused of Manipulating Victim to Silence Her, FCA Says
The Financial Conduct Authority has accused former hedge fund manager Crispin Odey of attempting to manipulate a sexual assault victim into silence by warning her about their investigation.
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Corporate Profits Drive Australian Inflation Crisis
Analysis reveals that corporate profit margins, not just supply chain disruptions, are a primary driver of Australia's persistent inflation, raising concerns about economic fairness and policy responses.
Master-Baiters: Bosses Creating Workplace Anxiety Unknowingly
Discover how managers using vague phrases like 'Can I have a word?' trigger employee panic and imposter syndrome, with expert insights on improving workplace communication.
Vodafone's £85m Court Showdown with Ex-Franchisees Begins
A landmark £85 million legal battle between Vodafone and 62 former franchisees commences at the High Court, with cross-party MPs pushing for new franchise protection laws amid allegations of unfair practices.
Standard Chartered Hires Citigroup's Metzger for Global Role
Standard Chartered has recruited Citigroup's Christian Metzger as its new global head of coverage, aiming to strengthen its corporate and institutional banking division.
Santander Promotes 40 Managing Directors in Banking
Santander has promoted 40 executives to managing director roles in its corporate and investment banking division, signaling a strategic push to strengthen leadership and drive growth in key financial markets.
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Model Jailed for Conning Men on Dating Sites
A 50-year-old model who defrauded men she met on dating sites out of thousands of pounds to fund luxury holidays and designer clothes has been sentenced to seven years in prison.
Odey Denies Harassment Claims, Says He Can't Recall Incident
Hedge fund tycoon Crispin Odey faces court over sexual harassment allegations, claiming he doesn't remember telling an employee 'I could attack you now' as he fights a financial ban.
Royal Mail Owner Pushes Back on Service Decline Claims
Czech billionaire Daniel Křetínský insists Royal Mail's service has not worsened under his ownership, despite MPs citing 220m late letters and price hikes, while defending European comparisons.
Lynch Estate Must Pay £920 Million to HPE After Court Ruling
The estate of late tech tycoon Mike Lynch has been ordered to pay £920 million to Hewlett Packard Enterprise following a High Court ruling linked to HP's 2011 acquisition of Autonomy.
Odey Accused of Manipulating Assault Victim in Court
Crispin Odey faces allegations of trying to manipulate a woman he assaulted, as the FCA barrister questions his motives in text messages shown in court.
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FCA Accuses Crispin Odey of Trying to Silence Victim
The Financial Conduct Authority has formally accused hedge fund manager Crispin Odey of attempting to manipulate a victim into silence, marking a significant escalation in regulatory scrutiny.
FTSE 350: 28% of Market Value Driven by Corporate Reputation
New analysis reveals corporate reputation accounts for £841bn of FTSE 350 market value, creating a 'trust divide' that determines capital allocation during economic volatility.
Ex-DRW Managers Perdomo and Marroni Join HIP Investments
Irene Perdomo and Leonardo Marroni, former portfolio managers at DRW, have moved to HIP Investments, marking a significant talent acquisition in London's financial sector.
NatWest Sells HR Arm Mentor in Strategic Restructuring
NatWest Group has sold its HR advisory business Mentor to private equity-backed Empowering People Group, continuing CEO Paul Thwaite's strategy to streamline operations and focus on stable income sources like wealth management.
Barclays Wealth CIO Joins Brooks Macdonald
Barclays has lost its Chief Investment Officer for wealth management to Brooks Macdonald, marking a significant personnel shift in the financial sector.
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FRC Overhauls Audit Supervision with Risk-Based Quality Focus
The Financial Reporting Council introduces a transformed audit supervisory model, replacing uniform standards with a risk-proportionate system focused on firm-wide quality management controls.
Fix Office Birthday Card Chaos in Minutes with Digital Switch
Struggling with forgotten signatures and lost cards? Discover how GroupTogether simplifies organizing group birthday cards for hybrid and remote teams in under five minutes.
Diageo Sells Indian Cricket Team for £1.3 Billion
Diageo's subsidiary has sold the Royal Challengers Bangalore cricket team for £1.3 billion to a consortium of investors, as the drinks giant focuses on its core business under new leadership.
Rocco Forte: Inheritance Tax Endangers Family Hotel Business
Hotel magnate Sir Rocco Forte reveals how UK inheritance tax changes and anti-business policies threaten his £1.4bn family firm, forcing expansion abroad as Britain's reputation declines.
Odey Blames Anesthesia for Groping at Finance Tribunal
Crispin Odey, 67, claims he groped a colleague while under dental anesthesia as he challenges his ban from UK finance over 46 misconduct allegations spanning nearly two decades.
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Janus Henderson Bidding War Heats Up with Higher Offer
The battle for Janus Henderson escalates as Trian Fund Management and General Catalyst increase their cash offer to $52 per share, challenging Victory Capital's competing bid in a heated takeover contest.
Odey: Receptionist 'Sacked for Being a Flirt' in FCA Case
Hedge fund tycoon Crispin Odey testified at the High Court, defending his conduct toward female employees while facing a £1.8m fine and ban from the FCA over sexual harassment allegations.
AI Boom Risks Widening Wealth Divide, Says BlackRock's Fink
Larry Fink warns that the AI boom may accelerate inequality, with only a few firms and investors reaping rewards, and calls for more public participation in capital markets.
Estée Lauder and Puig in Merger Talks for $40B Beauty Giant
The US cosmetics giant Estée Lauder is in discussions with Spanish group Puig, owner of Jean Paul Gaultier, about a potential merger that would create a $40 billion fashion and beauty powerhouse.
Crispin Odey Challenges FCA Fine Over Conduct Claims
Hedge fund manager Crispin Odey argues his interactions with a receptionist were consensual as he contests a Financial Conduct Authority fine for misconduct.
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OnlyFans Owner Leonid Radvinsky Dies at Age 43
Leonid Radvinsky, the Ukrainian-American entrepreneur who owned adult content platform OnlyFans, has died from cancer at age 43. The company confirmed his passing.
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