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Co-Operative Bank CEO Resigns, Prompting Leadership Search
October 6, 2020
The departure of Andrew Bester after two years has sparked a search for the bank’s sixth chief executive in under a decade.
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Rolls-Royce’s Stock Dive Eases
October 5, 2020
Struck hard by the COVID-19 pandemic, Rolls-Royce’s bid to make up for losses in the first half of the year sent its stock into freefall.
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Billionaire Brothers Acquire Asda for £6.8 Billion
October 2, 2020
The EG Group founders’ deal with Walmart brings the supermarket giant back under British ownership.
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Tesla CEO Elon Musk Hints at India Entry for 2021
October 2, 2020
Musk’s comments online indicated that Tesla will expand into India “next year for sure”.
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Rolls-Royce Aims to Raise £5 Billion to Address Losses
October 1, 2020
Shares in the renowned engine maker fell to a 17-year low following its announcement of a rights issue.
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Amazon Reveals Palm-Scanning Retail Technology
September 30, 2020
Amazon hopes to licence the new biometric technology to third parties to transform business transactions.
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Apple CEO Tim Cook Receives First Major Stock Grant Since 2011
September 30, 2020
The grant, worth $114 million, ensures that the newly minted billionaire will be highly compensated through to 2025.
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Nokia Becomes BT’s Biggest Supplier of 5G Equipment
September 29, 2020
The extension of the companies’ partnership will see Huawei equipment replaced across the UK’s 5G network.
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Uber Receives 18-Month London Licence
September 28, 2020
Though it will remain closely monitored, the multinational taxi giant will be allowed to continue operations in one of its largest markets.
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Masayoshi Son Cuts SoftBank Shares Pledged to Lenders
September 25, 2020
In a move that may reduce the likelihood of SoftBank being taken private, its billionaire CEO has reduced stock pledged to financial institutions.
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Wells Fargo CEO Apologises for Comments on Diverse Talent
September 24, 2020
Charles Scharf’s claims that the bank had trouble reaching diversity quotas due to a lack of minority talent drew widespread condemnation.
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Stefano Domenicali to Become New Formula 1 CEO
September 23, 2020
The Lamborghini chief executive and former Ferrari F1 team principal will take over from Chase Carey at the end of the year.
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