News Corp. Chairman Rupert Murdoch is “not a fit person” to lead a major international company, U.K. lawmakers said, after his British unit misled Parliament about the extent of phone hacking at its News of the World tabloid.
As a child, London Mayor Boris Johnson wanted to be “world king.” After an Olympic fortnight that had crowds chanting his name, Conservative lawmakers are floating the idea that he could yet be prime minister.
Gartmore Group Ltd. , the U.K. fund manager founded by the Cayzer shipping dynasty, has been sold five times over the past 20 years. Its sixth sale, being run by Goldman Sachs Group Inc., will take place without its biggest asset and liability -- star fund manager Roger Guy .
At the News International party last month, Rupert Murdoch got the reception he’s used to in London, with political figures of every stripe and from the prime minister down paying court at the Kensington Palace event.
British Prime Minister David Cameron threw a party Oct. 14 to celebrate his predecessor Margaret Thatcher ’s achievements. This week, he will set out plans to tackle something even she couldn’t in her three terms: the U.K.’s welfare state.
Yesterday’s split among lawmakers on the U.K. Parliament’s Culture Committee over whether to criticize Rupert Murdoch highlighted again the closeness between News Corp. and Prime Minister David Cameron’s Tory party.