Pizza Express to cut up to 1,100 jobs after enforced store closures August 18, 2020 Pizza Express has unveiled plans to close 73 of its restaurants in a move that places 1,100 jobs at risk. The dining chain confirmed on Tuesday that it had finalised a proposal to reduce its restaurant and rental costs via a company voluntary arrangement (CVA). The company, which has around 470 sites throughout the UK, [...]
Week in Sportbiz: England Netball weighing up approaches from private investors; plus Manchester City’s humble new partner club and ‘super spikes’ February 18, 2021 Netball’s prodigious growth has not gone unnoticed by the private investors who have embarked on a trolley dash of sporting properties. England Netball successfully launched its Covid-adapted 2021 Superleague season last weekend – another feather in the cap of an organisation that has doubled participation in a decade. The governing has renewed its broadcast deal [...]
Britain 2030: Writing off the high street is unambitious; its future is bespoke, local and community-driven August 20, 2021 After years of decline, the Covid-19 pandemic further hammered the high street, leading to boarded up shops and mass job losses, and some to declare the high street “dead”. But writing off the high street could prove to be unambitious, as, with the help of local government and private stakeholders, the post-pandemic high street could [...]
Day-trading Davids could take on more worthwhile Goliaths than the hedgies February 16, 2021 Nicolas Mackel is CEO of Luxembourg for Finance Some may not agree with the actions of the mostly millennial retail day traders, who together gave hedge funds a bloody nose by coordinating via social media to skyrocket GameStop’s share price, but everyone agrees it is an extraordinary story. People are already talking about the movie [...]
Silver linings: Positive investment trends for stock market optimists March 24, 2020 Stocks investors are likely to be feeling battered and bruised at the moment. The coronavirus-induced bear market has seen share prices fall sharply — even the UK’s blue-chip FTSE 100 index is down more than 30 per cent since the start of the year. Many industries are facing hurdles due to the government’s self-isolation guidelines, [...]
Gary Lineker takes 25 per cent pay cut as BBC promises reform September 15, 2020 Gary Lineker will take a 23 per cent pay cut as part of a fresh five-year deal to continue hosting Match of the Day. New figures published today showed the former England footballer remains the BBC’s best paid star, pulling in a salary of £1.75m. But the new contract, which will keep Lineker at the [...]
Google parent Alphabet sees revenue fall for first time ever July 30, 2020 Google parent Alphabet saw revenue fall for the first time in its history today, although it beat analyst expectations for its second quarter earnings. Revenue fell to $38.3bn from $38.9bn in the second quarter, compared to Refinitiv estimates of $37.4bn. It also beat expectations for earnings per share, which came in at $10.13, instead of [...]
Vaccine news puts growth back into The City: Moneyfarm’s investment chief November 12, 2020 This week’s news that pharmaceutical giant Pfizer and German manufacturer BioNTech had reached a breakthrough in the development of their Coronavirus vaccine led to one of the heaviest trading days since the height of the pandemic crisis, with nearly $2 trillion changing hands across global markets. Firms across The City are in an upbeat mood as the announcement that [...]
Apple becomes first US company to reach $2 trillion valuation August 19, 2020 Apple has become Wall Street’s first $2 trillion company, doubling its valuation in just over two years. As shares hit $457.77 in morning trading, the tech giant became the first Wall Street company to achieve the $2 trillion market cap in public markets. It is the second in the world to do so. The day [...]
Google to extend working from home until mid-2021 July 27, 2020 Google has said it will be extending its offer that all staff who can work from home can continue to do so until the end of June 2021. The search giant had said in May it would begin reopening more offices globally as early as last month, but most Google employees would likely continue to [...]