Dr Lucy Newton

Associate Professor in Business History

Dr Lucy Newton

Dr Lucy Newton

International Business and Strategy
By area: Banking history, including regulations, ethics, governance and marketing of retail and multinational banks during the 19th and 20th centuries; Industrial regional clusters; the history of women's investment; the history of corporate governance; the history of trust in business; the history of the manufacture and marketing of consumer goods in the 19th century; financial history
By industry: Finance, history, banking, ethics, trust, consumer durables
By geography: British Domestic and International
HBS 148, Whiteknights Campus
+44 (0) 118 378 5045
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Lucy Newton is Associate Professor in Business History at Henley Business School. Lucy has taught modules on the evolution of multinational enterprise and the development of international business. She currently teaches MBA Reputation and Responsibility, Undergraduate Business Ethics and Evolution of Entrepreneurship and Masters level Corporate Social Responsibility. During her time at Henley, Lucy has been responsible for running the postgraduate pre-experience programmes, the undergraduate programmes and the Full Time MBA. She led the redesign of the undergraduate programmes offered by Henley and launched a new 4-year degree in Business and Management in 2010, which has successfully increased recruitment of high calibre undergraduate students. She also redesigned, launched and was Academic Director of the New Full-Time MBA at Henley Business School.

Lucy's current research interests include the regulation of 19th century British joint-stock banks and the creation of an identity around these new entrants to the market.  She is also researching the identity and function of the first directors of these joint stock banks and is interested in the governance of 19th century corporations, as well as shareholder rights during this period.  Lucy is also considering the current use of history in creating identity for British retail banks, in particular through art and portraiture and the use of marketing by British retail banks in the 20th century.  She continues to conduct research into the manufacturing of 19th century consumer durables.

She is currently serving as the Secretary to the Association of Business Historians.


Module convenor for Business Ethics on Undergraduate programmes.

Module convenor for the Evolution of Entrepreneurship on Undergraduate programmes.

Teacher on MBA module Reputation and Responsibility.

Teacher on Master module Corporate Social Responsibility.



Carnevali, F. and Newton, L. (2013) Pianos for the people: the manufacture, marketing and sale of pianos as consumer durables, 1850-1914. Enterprise and Society, 14 (1). pp. 37-70. ISSN 1467-2235 doi: 10.1093/es/khs042

Scott, P. and Newton, L. A. (2012) Advertising, promotion, and the rise of a national building society movement in interwar Britain. Business History, 54 (3). pp. 399-423. ISSN 1743-7938 doi: 10.1080/00076791.2011.638489

Newton, L. A. (2010) The birth of joint-stock banking: a comparison of England and New England in the nineteenth century. Business History Review, 84 (1). pp. 27-52. ISSN 2044-768X

Scott, P. and Newton, L. (2007) Jealous monopolists? British banks and responses to the Macmillan gap during the 1930s. Enterprise & Society, 8 (4). pp. 881-919. ISSN 1467-2235 doi: 10.1093/es/khm104

Newton, L. and Cottrell, P. (2006) Female investors in the first English and Welsh commercial joint-stock banks.Accounting, Business & Financial History, 16 (2). pp. 315-340. ISSN 0958-5206 doi: 10.1080/09585200600756316

Book or Report Section

Jones, G. and Newton, L. (2009) The decline and renewal of British multinational banking. In: Coopey, R. and Lyth, P.(eds.) Business in Britain in the twentieth century: decline and renaissance? Oxford University Press, Oxford, pp. 207-224. ISBN 9780199226009 doi: 10.1093/acprof:oso/9780199226009.003.0012

Newton, L. (2009) British retail banking in the twentieth century: decline and renaissance in industrial lending. In:Coopey, R. and Lyth, P. (eds.) Business in Britain in the twentieth century: decline and renaissance? Oxford University Press, Oxford, pp. 189-206. ISBN 9780199226009 doi: 10.1093/acprof:oso/9780199226009.003.0011

Newton, L. (2008) Capital networks in the Sheffield region, 1850-1885. In: Casson, M. and Della Giusta, M. (eds.) The Economics of Networks. Edward Elgar, Cheltenham. ISBN 9781847203656

Newton, L. and Cottrell, P.L. (2008) Female investors in the first English and Welsh commercial joint-stock banks. In:Laurence, A., Maltby, J. and Rutterford, J. (eds.) Women and their money, 1700-1950. Routledge, London, pp. 115-132. ISBN 9780415419765

Newton, L., Cottrell, P.L., Maltby, J. and Rutterford, J. (2008) Women and wealth: the nineteenth century in Great Britain. In: Laurence, A., Maltby, J. and Rutterford, J. (eds.) Woman and their money, 1700-1950. Routledge, London, pp. 86-94. ISBN 9780415419765

Newton, L. (2003) Government, the banks and industry in interwar Britain. In: Gourvish, T. (ed.) Business and politics in Europe, 1900–1970: essays in honour of Alice Teichova. Cambridge University Press, Cambridge, pp. 145-170. ISBN 9780521823449

Newton, L. (2003) Capital networks in the Sheffield region, 1850-1885. In: Wilson, J.F. and Popp, A. (eds.) Industrial clusters and regional business networks in England, 1750-1970. Ashgate, Aldershot, pp. 130-154. ISBN 9780754607618


Scott, P. and Newton, L., (2009) Advertising, promotion, and the rise of a national building society movement in interwar Britain. Discussion Paper. Henley Business School pp39. (Unpublished)

Newton, L., (2007) Change and continuity: the development of joint stock banking in the early nineteenth century.Discussion Papers in Management. 040/2007. Discussion Paper. University of Reading, Reading.

Dr Lucy Newton Full List of Academic Publications


Conferences organised at the Centre for International Business History, Henley Business School, and external funding received:

2000: 'Financing growth: institutional development of the financial service sector 1700-1970'

2001: 'Industrial districts and regions'

2003: 'Trust and reputation in business'

Invitations have been made to speak at national and international conferences and seminar series, including those held at the Business History Unit, London School of Economics; The Business History Conference, USA; the History Department, University of Birmingham; and the Business Archives Council annual conference.

Papers have also been presented at conferences after competitive submissions to the following: the European Business History Association Annual Conference; the Association of Business Historians Annual Conference; the Economic History Society Annual Conference; the Business History Conference, USA; conferences of the European Association of Banking History; and conferences at the Business School, University of Warwick.