The Wolseley comes to the Square Mile: £10m City outpost to open next month October 24, 2023 Reservations at the Wolseley City are now being taken ahead of one of the most hotly-anticipated openings in the Square Mile for years
Pensions: Specialist insurer PIC strikes £400m Amey deal after £600m House of Fraser buy-in January 16, 2023 The specialist insurer that bought out House of Fraser’s pensions fund for £600m last year has completed a £400m deal to take over UK engineering firm Amey’s retirement scheme. Pension Insurance Corporation’s (PIC’s) deal will see the firm take responsibility for paying out 3,473 pensions, covering £400m worth of liabilities. Bulk purchase annuity (BPA) deals [...]
Just 30% of businesses commit to 2020 Christmas bonus November 20, 2020 Just three in 10 businesses that offer annual Christmas bonuses have committed to doing so in 2020. Numerous businesses have not confirmed if they will offer their traditional annual bonus, and a recent survey by expenses app ExpensesOnDemand found the sole focus for the majority of businesses is cash flow as they struggle to manage [...]
Week ahead: US jobs, Berkeley and Ashtead Group December 3, 2023 Markets are bracing for next week's US jobs data and key results from housebuilder Berkeley and the equipment rental giant Ashtead Group.
UK extends commercial tenant eviction ban until March December 9, 2020 The UK’s ban on commercial property eviction has been extended today to March 2021. Housing secretary Robert Jenrick announced that this will be the final extension of the business eviction ban, after it was originally supposed to end in September this year. A statement from the Ministry of Housing, Communities and Local Government said the [...]
The Spectator’s UK profit grows as magazine ‘resilient’ ahead of sale by Telegraph owner September 28, 2023 The Spectator has said its profits in the UK grew last year, as the nearly 200-year-old magazine gears up for a sale. The weekly magazine, which was first published in 1828, said it is a profitable business which has “shown resilience through tough market conditions”. The company reported an increase in its UK earnings before [...]
Retailers allowed to open 24 hours over Christmas period, says minister November 30, 2020 Retailers will be able to operate 24 hours during the Christmas period through a relaxation of trading rules in a bid to boost spending on the UK’s High Streets. Communities secretary Robert Jenrick wrote for the Telegraph that he wanted councils to temporarily waive rules that restrict the hours shops can stay open in the [...]
Labour MP cleared by police over Russian agent slur against short seller October 31, 2023 Labour MP Liam Byrne has been cleared by police of alleged “malicious communication” and “harassment” after suggesting a short seller was a Russian agent, City A.M. has learned.
Mike Ashley offers Philip Green’s embattled Arcadia emergency funding November 30, 2020 Mike Ashley has offered emergency funding to fellow retail billionaire Sir Philip Green’s Arcadia empire, which is on the brink of bankruptcy. After speculation that a deal was in the offing over the weekend, Ashley’s Frasers Group today confirmed that it had offered the Topshop-owner £50m in loans. It added that should the company enter [...]
Retail tycoon Mike Ashley ‘furious’ after being ‘frozen out’ of Debenhams sale November 1, 2020 Retail mogul Mike Ashley is reportedly “furious” about being “frozen out” of an auction for collapsed department store Debenhams. The Sunday Times reported that lawyers for the tycoon have spent the last week complaining to Lazards and law firm Freshfields that Ashley’s Frasers Group had been given “woefully inadequate” information on the sale. Last week [...]