Sir Frederick Barclay’s ex-wife ‘astonished’ over £1m legal spending, court told May 16, 2023 A barrister representing Sir Frederick Barclay’s ex-wife has expressed astonishment at the amount spent on the retired businessman’s lawyers. Sir Frederick, 88, and Lady Hiroko Barclay, who is also in her 80s, are featuring in the latest stage of a fight over money at a hearing in the Family Division of the High Court in [...]
Shakespeare: M&S loyalty scheme gives new spark July 31, 2020 High street retailer Marks and Spencer launched their loyalty scheme ‘Sparks’ in 2015, but customer feedback branded it confusing and hard to use. Even CEO Steve Rowe himself admitted it needed “substantial improvement”. Sparks has now been relaunched as a digital-first loyalty scheme offering members instant rewards. For example, one customer at every store will [...]
Exclusive: Home REIT’s biggest tenant dished out £1.2m to bosses before bankruptcy March 27, 2023 The three bosses of Home REIT’s now-bankrupt biggest tenant pocketed over £1.2m last year even as the firm struggled to pay rent and slumped to a multi-million-pound loss, City A.M. can reveal. Gurpaal Judge, the chief of Wolverhampton-based social housing provider Lotus Housing, hiked his own and two directors’ pay to £1.2m in 2022 – [...]
Ocado lists M&S products ahead of delivery partnership launch August 5, 2020 Marks & Spencer has begun listing products on the Ocado website ahead of their delivery partnership, which is scheduled to begin next month. The supermarket has added more than 750 new products, which will be available to buy through the Ocado website from 1 September. However M&S warned customers that it may not be possible [...]
Sainsbury’s forks out £431m to buy 21 store freeholds as it looks to dump lease liabilities March 14, 2023 Sainsbury’s has secured a £430.9m deal to buy the freeholds of 21 supermarkets from real estate investment group Supermarket REIT. The grocery chain has acquired the remaining 51 per cent stake it did not already own in the Highbury and Dragon investment – which is a portfolio of stores Sainsbury’s acquired a 49 per cent [...]
Staff at M&S sandwich supplier self-isolate after coronavirus outbreak August 13, 2020 Nearly 300 people have tested positive for coronavirus after an outbreak at a food plant in Northampton. A local council representative told the BBC that 297 people had tested positive, after Greencore in Northampton started “proactively testing” workers. Northampton is one of 29 regions in England to be put on a watchlist for a potential [...]
Scope 3 emissions are property sector’s next frontier, LendInvest chief tells City A.M. April 4, 2023
M&S set to announce hundreds of UK job cuts this week July 20, 2020 Supermarket giant Marks and Spencer (M&S) is set to announce plans for hundreds of job cuts later this week, according to reports, as the retailer undergoes a wide-scale restructure in the wake of the coronavirus crisis. M&S will begin announcing redundancy plans over the next few days, which are expected to run into their thousands [...]
City A.M.’s Father’s Day Gift Guide June 15, 2020 It’s not your ‘normal’ Father’s Day this year: no Sunday roast and a pint in the pub, and a relatively simple trip home for a cup of tea now presents logistical challenges on a par with a military operation. In fact notonthehighstreet.com has found that lockdown is the longest nearly half of Brits have ever gone without seeing [...]
Chief sec to the Treasury: ‘I’m not going to apologise’ for mini-budget – but ‘no one’s perfect’ September 29, 2022 The chief secretary to the Treasury has said he’s “not going to apologise” for the mini-budget, as he hits back at the International Monetary Fund’s criticism this morning. Chris Philp said he “respectfully disagrees” with the IMF, which said the tax cuts would create more inequality in Britain, while speaking on Sky News this morning. [...]