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Tag Archives: Companies

Companies targeted over gender balance

One of Britain’s biggest share owners has stepped up the pressure on UK boardrooms when it comes to pay, diversity and sustainability. Legal and General Investment Management – which manages nearly £1 trillion worth of assets – voted against 215 UK pay deals in 2017, a 40% increase over the …

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Is Paytm’s founder India’s happiest boss?

India’s youngest billionaire broke all the rules in 2010 when he started the digital payment company, Paytm. Fast forward to today, and Vijay Shekhar Sharma, 39, is the owner and chief executive of India’s second-most valuable internet firm. Paytm, which is backed by Alibaba, is now worth some $10bn. So …

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Supermarket pesto contains ‘substitute’ ingredients

Italian pesto sold by UK supermarkets contains substitute and often cheaper ingredients, an investigation by consumer group Which? has found. The sauce is traditionally based on four key ingredients of basil, pine nuts, parmesan and olive oil. A test of 12 own-brand standard and premium prestos at seven supermarkets found …

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Volkswagen puts Herbert Diess in the driving seat

Volkswagen has replaced its chief executive with Herbert Diess, who takes on responsibility for the entire company after overseeing the VW brand. He takes over from Matthias Mueller, who was appointed in 2015 at the height of the diesel emissions scandal. Mr Diess has clashed with unions and is known …

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China’s Uber has plans to take on the rest of the world

You’ve probably already heard of China’s Didi Chuxing. It’s the ride-hailing firm best known for driving Uber off China’s streets. It is now also the world’s largest ride-hailing app, and with its worth currently at $56bn (£39.4bn), it is also the world’s most valuable start-up. But how much do you …

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Jaguar Land Rover to shed 1,000 contract staff

Jaguar Land Rover says it will not be renewing the contracts of 1,000 temporary workers at two factories. The UK’s biggest carmaker, owned by India’s Tata Motors, blamed “continuing headwinds” affecting the car industry. It said it was continuing to recruit large numbers of engineers and apprentices and it remained …

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Jaguar Land Rover’s diesel dependency

JLR was very exposed to the demise of diesel. Recent figures from the trade body showed sales of diesels fell a whopping 37% in March compared with the previous year. Unhappily for JLR, 90% of its vehicles are powered by diesel engines and there are critical industry voices that say …

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London Stock Exchange names David Schwimmer as new boss

The London Stock Exchange has appointed a new chief executive to replace Xavier Rolet, who quit last November amid a bruising boardroom row. David Schwimmer, who has spent 20 years at investment bank Goldman Sachs, will take up the post on 1 August. The stock exchange described him as “a …

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British Airways owner considers Norwegian bid

The owner of British Airways may bid for Norwegian Air Shuttle, the fast-expanding budget airline. Buying the airline would allow International Airlines Group to increase its market share amid rising competition from low-cost carriers. Norwegian said it had not been aware that IAG had acquired a 4.6% stake until media …

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Facebook’s Zuckerberg to testify before US committee

Facebook’s chief executive Mark Zuckerberg is to testify before the US House Commerce Committee regarding the firm’s use and protection of user data. Facebook has faced criticism after it emerged it had known for years that Cambridge Analytica had harvested data from about 50 million of its users. He will …

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