ANGER OVER COST OF SNOW FIASCO December 2, 2010 THE COST to the UK economy of the mounting chaos bought by the snow and unseasonally cold temperatures could be as much as £1.2bn a day, it was claimed yesterday. As the seventh day of the cold snap saw the disruption reach the south-east of England, with more than six inches of snow falling overnight, [...]
M&B chief Fowle calls time March 16, 2011 MITCHELLS & Butlers (M&B) chief executive Adam Fowle quit yesterday, just weeks after chairman John Lovering left the company. Fowle’s resignation comes amid rumours of tension between Fowle and 23 per cent shareholder Joe Lewis. His departure after just two years was by “mutual consent”, according to M&B’s stock market statement. The company has been [...]
M&B chief Fowle calls time March 16, 2011 MITCHELLS & Butlers (M&B) chief executive Adam Fowle quit yesterday, just weeks after chairman John Lovering left the company. Fowle’s resignation comes amid rumours of tension between Fowle and 23 per cent shareholder Joe Lewis. His departure after just two years was by “mutual consent”, according to M&B’s stock market statement. The company has been [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 14, 2010 FINANCIAL TIMES LLOYDS TO SPIN OFF BUY-OUT ARM The private equity arm of Lloyds Banking Group has for the first time outlined plans for the UK’s most prolific buy-out investor to spin off from its banking parent. Darryl Eales, chief executive of Lloyds TSB Development Capital, said it was expected to start raising money from [...]
GOVERMENT GIVES ARK FUNDRAISER £1M BOOST June 7, 2011 TOMORROW night’s Ark hedge fund gala has moved to the centre of the political agenda, after the government agreed to match private donations to the tune of £1m for the charity’s vaccination programme in Zambia. Led by development secretary Andrew Mitchell, the pledge is part of the government’s commitment to increasing British taxpayer contributions to [...]
QUEEN’S FORMER SPINNER TAKES CENTRE STAGE AT ROYAL WEDDING April 27, 2011 TONY Blair and Gordon Brown have been snubbed from the Royal Wedding – as has Brown’s former spin doctor Simon Lewis, despite his previous incarnation as the first head of communications for the Queen between 1998 and 2000. Lewis, who is now the chief executive of the Association for Financial Markets in Europe, will still [...]
MORRISONS’ FINANCE CONTROLLER COOKS UP WINNING WEB STRATEGY May 10, 2011 WITH a name like Richard Pennycook, there was only ever one possible vocation for Morrisons’ group finance director (FD), who proved he is worthy of the title by restoring the grocer’s profits after the slump when it bought Safeway in 2005. So keep those “cooking the books” jokes to yourself, because Pennycook last night received [...]
Debenhams profit surges by 20pc October 21, 2010 Debenhams met expectations with a 21 per cent rise in year profit and predicted more growth in 2010-11 as it benefits from a shift to higher margin own-bought products. Debenhams, with 167 stores in Britain, Ireland and Denmark, and 60 franchised outlets in 23 countries said it expected to resume dividend payments when it publishes [...]
Debenhams profit surges by 20pc October 21, 2010 Debenhams met expectations with a 21 per cent rise in year profit and predicted more growth in 2010-11 as it benefits from a shift to higher margin own-bought products. Debenhams, with 167 stores in Britain, Ireland and Denmark, and 60 franchised outlets in 23 countries said it expected to resume dividend payments when it publishes [...]
John Lewis gives staff 15pc bonus March 11, 2010 JOHN Lewis will hand its staff a 15 per cent bonus after reporting a surge in annual profits. The staff-owned retailer made a profit before the employee bonus and tax of £306.6m in the year to the end of January – up from £279.6m in the previous year. It owns 28 department stores, one John [...]