Billionaire hedgie Crispin Odey looks to boot out bosses at struggling Tungsten July 1, 2018 Billionaire hedgie Crispin Odey is leading a charge to overhaul the board of beleaguered digital invoicing firm Tungsten. A notice from Tungsten confirmed that Odey Asset Management had demanded a shareholder vote to remove the company's chair Nicholas Parker, as well as chief exec Richard Hurwitz and two non-executive directors. The requisition aims to appoint [...]
The founder of The Sole Supplier on switching up how we buy footwear June 24, 2019 Earlier in June, thousands of people queued up outside shoe stores to buy a new pair of trainers designed by musician Kanye West. The latest set of Adidas “Yeezys” cost £180 each. But many of the people buying these shoes weren’t just interested in fashion, but in making a profit. Soon after the footwear went [...]
Department store Beales in crisis talks to stave off collapse January 13, 2020 Struggling department store chain Beales is in crisis talks with potential buyers in an effort to stave of a collapse that could cost hundreds of jobs. The talks come after the Bournemouth-based firm yesterday filed notice of its intention to appoint administrators to step in as a last resort if the firm cannot cannot be [...]
How City businesses are going digital for City Giving Day September 7, 2020 This year, The Lord Mayor’s Appeal’s City Giving Day celebrations will be somewhat different. Many organisations, both new and old, will have to rethink the way they organise events. And we’ve been thrilled that companies have embraced the chance to broaden their horizons and find even more creative ways to support our communities. They are [...]
Boeing ‘mulls raising more debt’ as aerospace giant feels the pinch January 6, 2020 Boeing is said to be considering whether to raise more debt to boost its finances, which have come under intense strain from the grounding of its 737 Max jet. The firm has already taken a nearly $10bn (£7.6bn) hit on the 737 Max since the second of two crashes involving the jet happened in March [...]
From Mini to McLaren: our favourite new cars of 2020 December 28, 2020 The cars that surprised and delighted us this year, including the Aston Martin DBX, Land Rover Defender and Lamborghini Huracan Evo RWD.
Raheem Sterling hits new heights and shows why sponsors are in hot pursuit September 11, 2019 Last month it emerged that Raheem Sterling was being courted by Air Jordan, the Nike sub-brand reported to be considering making him the face of a new range of football boots in a £100m deal. If anyone was in any doubt why Sterling is in line for one of the sport’s most lucrative ever boot [...]
Topps Tiles chief executive quits after 12 years November 5, 2019 Topps Tiles chief executive Matt Williams has announced plans to step down this month and will be replaced by the group’s finance chief. Williams will step down on 29 November following the publication of the company’s full-year results earlier that week, but will remain as an advisor to the business until the end of May [...]
City of London pledges plastic waste cut July 19, 2019 The Square Mile’s policy-making body has vowed to cut down on its use of plastics at The Mansion House and Guildhall. New plans to eradicate “unnecessary single-use plastic waste” have been unveiled by the City of London Corporation, which is bringing in new staff procurement rules in a bid to reduce its environmental impact. Read [...]
Mothercare replaces senior leadership as firm gets to grips with new life January 23, 2020 After closing all 79 of its stores last weekend, collapsed retailer Mothercare has this morning announced wholesale changes to its leadership. Following on from November’s transformation plan, when the group announced plans to become an international franchise operation, the firm today said that chief executive Mark Newton-Jones would step down. He will remain as an [...]