Hornby issues jobs warning amid Mike Ashley-led turnaround Retail Hornby has warned that more job cuts are on the way after making a “signifiant headcount reduction” as part of its turnaround plan being aided by billionaire Mike Ashley. The Kent-headquartered company said the job losses have helped to save around £1m of annualised central costs in the six months to 30 September, 2024, while [...]
Plans worth £200m revealed by Imperial College London and Bruntwood SciTech Property Imperial College London is to build a life sciences and deep tech development worth over £200m in the west of the capital after partnering with Bruntwood SciTech. The university has earmarked land at its White City Deep Tech Campus after signing an agreement with the joint venture between property group Bruntwood, Legal & General and [...]
Exclusive: Argentina and South Africa in talks to host Rugby Championship match in London Sport Business World champions South Africa and World Cup semi-finalists Argentina are in talks to play a Rugby Championship fixture at London’s Allianz Stadium in 2025, City AM can reveal. Discussions have taken place about Twickenham hosting a match from the southern hemisphere’s equivalent of the Six Nations next autumn. It would be the first time that [...]
Inside the Boks: Why South Africa send strongest message in sport November 11, 2024 For world champions South Africa rugby means more than just 80 minutes once per week. So why are the Boks pushed by culture and a desire to guide a nation? When Vinicius Jr’s off-the-ball antics in this season’s Clasico caught the attention of fans, some suggested it contributed to his failed attempt to win a [...]
Weir Group equipment orders surge as cost-cutting continues November 5, 2024 Mining specialist Weir Group saw group original equipment orders rise 15 per cent in the quarter, with the first positive original equipment orders growth since the first quarter of last year. The FTSE 100 firm’s cost-cutting programme is progressing at pace, with £19m of cumulative savings brought in so far, it said in a quarterly trading [...]
Should a business be like your family? The boss of B&Q thinks so November 5, 2024 A business should be more like a family in order to attract employees with the right moral and cultural judgements, the boss of B&Q has said.
IG Design: Card maker’s cost-cutting drive starts to pay off despite profit plummet October 29, 2024 Profit at IG Design, the world’s largest maker of greeting cards, wrapping paper and gift bags, has been slashed but the firm is now cash generative and expecting to make a comeback in the second half of the year. As expected, group revenue fell 11 per cent in the six months to September, causing adjusted profit to [...]
Trainline sales continue to rise amid rail nationalisation fears October 28, 2024 Trainline has hiked its forecasts after a strong start to the second half of the year as demand for digital rail tickets continues to grow, sending shares up 10.6 per cent. The British train ticket seller said it now expects total sales growth between 12 and 14 per cent, compared to the eight to 12 [...]
As Boohoo mulls a breakup, why is the retailer underperforming? October 24, 2024 Yougov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business Boohoo recently announced the departure of its CEO John Lyttle – and a potential business restructure that might see the brand sell Debenhams and Karen Millen to retrain its focus on younger consumers. With much analysis of Boohoo’s strategy [...]
Gear4music: Music instrument retailer returns to growth October 22, 2024 Gear4music said it returned to quarterly revenue growth as the online musical instrument retailer pursued a new strategy to improve its profitability.