Coronavirus: Primark agrees £370m deal with suppliers after backlash April 20, 2020 Primark has agreed to pay an extra £370m to suppliers after the budget retailer was criticised for cancelling orders during the coronavirus lockdown. The high street giant announced this morning that it will now “take all product that was both in production and finished, and planned for handover by 17 April”. Primark had previously committed [...]
The Notebook: James Chapman on getting big money out of politics April 2, 2024 James Chapman takes the Notebook pen to talk about the internet, the boat race and getting big money out of politics.
Govt accused of ‘rank double standards’ as civil servants paid £30m in vouchers December 29, 2022 The Government has been accused of “rank double standards” after giving almost £30 million in high-street vouchers to civil servants amid a pay freeze prompted by the cost-of-living crisis. Sixteen Whitehall departments in 2021-22 paid out a combined total of £29.57 million to staff in the form of ‘reward and recognition’ vouchers, a third more [...]
Primark refuses to pay rent bill amid coronavirus crisis March 25, 2020 Budget retailer Primark has today reportedly refused to pay its rent bill after closing all of its stores due to the coronavirus pandemic, as fears mount that some retailers will never reopen after the outbreak. Primark has written to landlords to tell them it would not meet its quarterly rent payment due on 110 leasehold [...]
Inflation jitters deal chilling blow to London markets June 10, 2022 Fears over inflation dealing a chilling blow to the global economy and the prospect of a more restrictive monetary policy environment weighed on London markets today. The capital’s premier FTSE 100 index dipped 0.94 per cent to 7,405.77 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Primark owner shares halted after virus sales warning March 16, 2020 Shares in Primark owner Associated British Foods (ABF) were suspended for an hour this morning after the firm warned store closures would hit sales. The retail conglomerate’s shares were halted after falling sharply, which the London Stock Exchange said was due to an erroneous trade. Shares were down roughly 12.5 per cent when trading was [...]
Merciless Omicron beating: Retail sector in shock as Boxing Day sales in central London plummet by nearly 70 per cent December 27, 2021 Retailers in central London and across the UK are in shock as the number of bargain hunters looking for Boxing Day sales on the high street plummeted to almost half of pre-pandemic levels. In central London, footfall was 67 per cent lower than 2019 numbers, while it was 58 per cent below 2019 in other [...]
The Notebook: Has London revived its rave scene? May 2, 2024 Susannah Streeter takes the Notebook pen to have her say on the Tiktok ban, Shein's search for a float, and London's new rave scene.
Superdry and Dr Martens shares tank on London exits and fears for the future April 16, 2024 Shares in Superdry tanked by over 33 per cent following an announcement by the company that it would bid adieu to the public market as part of a scramble to stay alive.
Revealed: These are Britain’s most popular companies to work for September 21, 2022 New research has revealed the top companies Brits want to work for the most. The data shared with City A.M. analysed the top searches for jobs and careers on Google, to see which private sector companies Brits are keenest to work for currently. Tesco came out as the most popular company, with the multinational supermarket seeing [...]