High street loses 83 per cent of department stores in five years August 27, 2021 The UK high street has lost 83 per cent of its main department stores in the five years following the collapse of the BHS group. More than two-thirds of these shops remain unoccupied as shoppers have switched to online stores, commercial property information provider CoStar Group found. Some 237 big stores that were once occupied [...]
Frenkel Topping revels in surging revenues powered by acquisition spree April 25, 2022 Frenkel Topping Group (Frenkel) has rebounded from the pandemic with booming revenues and soaring profits, following a flurry of acquisitions.
Mike Ashley mulls £100m staff bonus scheme December 16, 2019 Sports Direct owner Mike Ashley revealed that his business, which today rebranded as Frasers Group, is mulling a £100m share bonus scheme for employees. The proposals are at an early stage, but the scheme would only be open to full-time employees and would not include staff members on zero-hour contracts, Ashley said today. Read more: [...]
Could Putin pull Russia out of key Ukraine grain deal, and what would the impact be on global markets? April 7, 2023 Russia could pull out of a wartime deal that allows the export of Ukrainian grain to global markets if the West fails to remove obstacles to Russian agricultural exports, Moscow’s top diplomat has said. The deal, brokered by the United Nations and Turkey in July, unblocked shipments stuck in Ukraine’s blockaded and mined ports, alleviating [...]
Coronavirus close-up: Long Covid changes some patients’ lungs forever January 29, 2022 Many long Covid patients who have breathlessness experience abnormalities in the lungs of long which cannot be detected with routine tests. In fact, there is significantly impaired gas transfer from the lungs to the bloodstream in the long Covid patients despite other tests – including CT scans – coming back as normal, according to a [...]
Confirmed: Home REIT investment adviser distances itself from troubled firm ahead of US listing January 4, 2023 Home REIT’s investment adviser, Alvarium, has sold off the division responsible for managing the property firm’s portfolio in a move that distances itself from the troubled housing provider ahead of a US public listing today. Home REIT, which invests in social housing for people without a fixed address, has been targeted by short sellers over [...]
Jackson Wray on salary cap jibes from fans, Saracens’ legacy and his new life in the City May 9, 2024 Interview with Jackson Wray on Saracens' legacy and his journey from elite sport to the Square Mile.
Slow fashion: Zara introduces return fee as customers ‘count every penny’ May 12, 2022 Zara has started charging customers who return items bought online as fast fashion giants face increasing pressure to reduce unsustainable behaviour. The retailer, owned by the world’s largest fashion company Inditex, has introduced a £1.95 fee for the return of products at third party drop off points. However, customers can still return online orders at [...]
FTSE 100 and Wall Street chase record highs as vaccine hopes boost markets December 1, 2020 The FTSE 100 logged its best session in three weeks today while Wall Street hit record highs as markets continue to ride a wave of vaccine optimism. The blue-chip bourse closed up 1.9 per cent, while the FTSE 250 midcap index rose by 2.6 per cent. It comes after the FTSE recording its biggest gain [...]
The BAFTAs 2023 – Who is going to win vs who SHOULD win February 16, 2023 The BAFTAs are back with a bang this Sunday. After years of turmoil in the film industry, there’s a strong group of contenders led by sci-fi hit Everything Everywhere All At Once and The Banshees of Inisherin. But who’s likely to take home the famous mask, and who should be getting their moment? City A.M. [...]