Kevin Keegan's influential three-act career at Newcastle United is detailed, first as a player and then twice as manager. The report highlights his deep connection with the club and fans, marked by periods of joyous success, boardroom tensions, and emotional departures.
Volkswagen will cut its model lineup by up to half and reduce production capacity to nine million vehicles annually. The German automaker aims to become faster, more resilient, and competitive, avoiding immediate job cuts despite earlier reports of potential layoffs.
Seven of the UK's largest housebuilders are being sued by an estimated 700,000 new-build homeowners for alleged sharing of commercially sensitive information. The class action seeks compensation of £3,100-£6,200 per buyer, totaling up to £4.5bn.
Volkswagen is reportedly considering cutting up to 100,000 jobs and closing four German factories, a plan facing strong opposition from lawmakers and unions. The company's supervisory board will vote on the restructuring on July 9, with significant hurdles due to the Volkswagen Law and the state of Lower Saxony's stake.
BP's board swiftly removed chair Albert Manifold after eight months due to "serious concerns" over governance and conduct. While some see this as continued dysfunction following Bernard Looney's exit, the article argues it's an example of the board acting promptly. The appointment of Manifold, former CRH CEO, was a risky but not unreasonable choice.
BP has immediately sacked Chairman Albert Manifold due to unacceptable governance and conduct issues, deepening the company's leadership turmoil. Shares fell nearly 6% on the news. Ian Tyler takes over as interim chair.
Roma secured a crucial 2-0 win over Lazio in the Rome derby, moving into fourth place in Serie A and on track for their first Champions League qualification in seven years, with Gianluca Mancini scoring both goals.
James Sherwin-Smith, a Nationwide customer, is seeking a boardroom seat, reviving debates on corporate democracy. This follows Theresa May's 2016 pledge for worker/consumer representation on company boards, which saw limited success.
Having overseen a historic return to the Premier League, businessman is now aiming his sights even higherDoug King is discussing the night Coventry clinched promotion to the Premier League after 25 years away. He had a tear in his eye when the moment arrived at Blackburn and, after eventually exiting the Ewood Park boardroom, the champagne flowing, the straight-talking owner worth hundreds of millions hunkered down at a Travelodge adjacent to a service station on the M65. “It was ... noisy,” he says, taking a second to land on the best adjective, “because all I could hear pretty much all night was: ‘We are Premier League.’”It has led King to feel like a party planner of late. The biggest one yet was Monday’s open-top bus parade which started on Jimmy Hill Way, named after the manager who in 1967 led the club into the top flight for the first time. After Coventry were crowned champions last month, King guzzled from the trophy. “I didn’t think the lid would come off, so we had to make the most of that,” he says with a smile. Continue reading...
Ruter, Oslo's public transport authority, conducted cybersecurity tests on Chinese-made Yutong electric buses inside a decommissioned mineshaft, discovering the vehicles could be remotely deactivated and that the Chinese supplier maintained remote access for software updates. This experiment catalyzed EU-China regulatory tensions, with the EU elevating what it calls 'systemic rivalry' with China amid fears that conflicting rules expose companies to impossible compliance situations.
BP chair Albert Manifold excluded a shareholder resolution from Dutch investor group Follow This from Thursday's annual meeting, prompting significant shareholder rebellion. The resolution would have required BP to describe how it would protect shareholder value if oil and gas demand falls. BP received only 47% support for a climate reporting resolution and 18% voted against Manifold's re-election. Legal & General Investment Management cited the resolution exclusion as a reason for voting no. Shell took a different approach, allowing a similar resolution.
Karren Brady has stepped down as West Ham United’s vice-chair after 16 years, with Czech billionaire Daniel Kretinsky poised to match David Sullivan’s shareholding by acquiring part of the Gold family’s 25.1% stake. Both Sullivan and Kretinsky will own more than 40% of the club, with Kretinsky becoming joint-chair. The restructure comes as West Ham, 17th in the Premier League with five games remaining, face fan protests over mismanagement and posted a £104.2m loss last year.
NRL executives are in talks to invest in Super League, with a formal offer expected next month. While financial challenges exist, the competition's on-field unpredictability—with any team capable of beating another—makes it attractive to potential investors. Castleford's upset victory over Wigan exemplifies this competitive balance.
