Tax hikes pull London markets down September 7, 2021 Sliding financial stocks pulled London markets down today after prime minister Boris Johnson announced a hike to dividend taxes and national insurance. The capital’s premier index fell, the FTSE 100, slipped 0.48 per cent to 7,152.75 points, while the mid-cap FTSE 250 had 0.62 per cent shaved off its value to fall to 24,097.48 points. [...]
Marks & Spencer scraps executive bonuses due to coronavirus pandemic June 3, 2020 High street retailer Marks & Spencer said it will scrap executive bonuses next year due to the coronavirus crisis. The firm said today that there will be no bonus scheme in operation for executive directors in 2020/21. M&S also said that the pay of chief executive Steve Rowe will be frozen, and there will be [...]
Johnson Matthey share price up 13 per cent after investment firm doubles stake in British chemicals maker September 1, 2023 Shares in Johnson Matthey jumped almost 13 per cent on Friday after the investment arm of New York-based industrial firm Standard Industries nearly doubled its stake in the British chemicals maker to 10 per cent, making it the largest shareholder. Standard Latitude Master Fund had taken a 5.2 per cent stake in Johnson Matthey in April last year and spurred speculation that it [...]
Marks & Spencer to reopen 49 cafes as UK lockdown eases May 13, 2020 Marks & Spencer (M&S) will reopen cafes across the UK with social distancing measures in place from tomorrow, as the country gradually starts to ease the coronavirus lockdown. The retailer said 49 cafes will be open to sell takeaway hot drinks following a successful trial at five locations, allowing customers to buy coffee while doing [...]
Salesforce £3.2bn investment a ‘ringing endorsement’ in UK economy, says Sunak June 29, 2023 Salesforce has announced a major investment of $4bn (£3.2bn) in its UK business over the next five years. The software company will use the cash injection to improve AI innovation and customer growth in the UK as companies become increasingly eager to transform digitally and capitalise on AI within their business operations. Prime Minister, Rishi [...]
Marks & Spencer shares rise on coronavirus revamp, despite blow to profit May 20, 2020 Marks & Spencer’s full-year profit sank 21 per cent as it took a £212m hit from coronavirus at the end of March, the retailer revealed today. However, investors pushed M&S’ share price up 4.6 per cent to 89.8p as the pandemic forced the British high street brand into an overhaul to save over £1bn. The [...]
Bless and Gain look Besht bets in the Hunt Cup June 18, 2024 CASH-SPLASHING owners Wathnan Racing look to hold a strong hand in today’s ultimate cavalry charge, the Royal Hunt Cup (5.05pm). Eight of the last 10 renewals have been won by progressive four-year-olds, so the Qatari powerhouse’s upcoming aces look cut out for this. REAL GAIN, who has raced just once this season, runs off a [...]
Mark Kleinman: Thames Water will be hoping for a fresh start in 2024 December 28, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
BT boss Philip Jansen ‘gave ultimatum’ over chairman’s departure March 5, 2021 BT chief executive Philip Jansen is said to have given the board an ultimatum over his own future at the company that led to the departure of the chairman this week. Jansen told fellow directors that he was prepared to resign unless the telecoms behemoth replaced Jan du Plessis as chairman, Sky News report. Du [...]
Big brands like M&S and Zara must stop capitulating to activist intimidation over war in Gaza December 20, 2023 There are perfectly legitimate arguments against companies’ ties to this war, or indeed any war. We don’t need to create imaginary ones.