John Varley was giving evidence at a trial where businesswoman Amanda Staveley is suing the bank for £1.6billion over claims it misled her while she helped secure deal that saved it in financial crisis.
The accounting watchdog has told EY, PwC, KPMG and Deloitte they must submit plans by October on how they will split their audit arms from their consulting businesses.
Industry figures revealed 145,377 new cars were sold in June, up from 20,247 in May, when some mothballed factories were reopened. Just 4,321 were sold in April, the first full month of lockdown.
Sunak is expected to propose raising the levy’s threshold so that it would only apply to properties valued at £500,000 or more, instead of the current £125,000.
Industry veteran Amanda Blanc took the reins, as the insurer revealed Tulloch had quit due to a serious family illness. She becomes only the sixth female chief executive in the FTSE100.
Over the weekend a report in the Sunday Times alleged that workers making cheap clothes for Nasty Gal, one of Boohoo’s brands, was paying workers as little as £3.50 an hour.
Thames Water sacked Steve Robertson after three years in the role, over his failure to reduce leaks in the water network. During that time, he also oversaw sewage flooding incidents and hefty fines.
It is using data analytics to forecast which prescriptions are likely to be ordered, so pharmacies can buy in exactly what is needed. Greensill will also extend a loan to cover the cost of the medications.
Pascal Soriot’s intervention comes at a critical juncture. The Government is under pressure to pull back from close relations to Beijing in the wake of the coronavirus pandemic.
I can remember expressing similar sentiments during the financial crisis, when the feeling was also that the disaster would lead to a rethink and a more moral capitalism.