Space man? Virgin boss Richard Branson says he will go to space in ‘months not years’ May 26, 2018 Entrepreneur Sir Richard Branson says he is in training to be an astronaut and his first trip to space could be in “months not years”. Talking on BBC Radio 4’s You and Yours programme multi-millionaire Branson said that he was close to achieving his long-held ambition of space travel. Read more: Richard Branson says space [...]
Starbucks confirms partnership with Alibaba in a bid to increase China sales | City A.M. August 2, 2018 Starbucks is officially partnering with Alibaba in an effort to boost its delivery and online Chinese presence. The tie-up comes after an abrupt drop in Starbucks’ China sales in June, which was pinned on a crackdown on third-party delivery firms that had helped propel orders in its stores. Starbucks chief executive Kevin Johnson told reporters: [...]
M&C Saatchi: WPP needs ‘radical surgery’ for post-Sorrell future September 21, 2018 M&C Saatchi's boss has warned his firm is ready to swoop on rival ad agency WPP’s territory as Sir Martin Sorrell’s successor is busy performing “radical surgery” on the business. David Kershaw hailed surging earnings at M&C Saatchi, seeing revenue almost double to £215.4m after new accounting rules changed the way revenue from customer contracts [...]
M&C Saatchi: WPP needs ‘radical surgery’ for post-Sorrell future September 21, 2018 M&C Saatchi's boss has warned his firm is ready to swoop on rival ad agency WPP’s territory as Sir Martin Sorrell’s successor is busy performing “radical surgery” on the business. David Kershaw hailed surging earnings at M&C Saatchi, seeing revenue almost double to £215.4m after new accounting rules changed the way revenue from customer contracts [...]
Starbucks’ European arm paid just 2.8 per cent tax in the UK September 19, 2018 Starbucks' European business paid 2.8 per cent tax in the UK on profits of $213m (£162m) in the year ending October 2017. The coffee chain's Europe, Middle East and Africa (EMEA) division, based in London, paid $5.9m in UK corporation tax, its accounts reveal. Its profits were boosted by a dividend payment of $150m, which [...]
Starbucks’ European arm paid just 2.8 per cent tax in the UK September 19, 2018 Starbucks' European business paid 2.8 per cent tax in the UK on profits of $213m (£162m) in the year ending October 2017. The coffee chain's Europe, Middle East and Africa (EMEA) division, based in London, paid $5.9m in UK corporation tax, its accounts reveal. Its profits were boosted by a dividend payment of $150m, which [...]
Park Plaza refinances London hotels in £45m deal June 28, 2018 PPHE Hotel Group has this morning announced a £45m plan to refinance four UK hotels, including two landmark London sites. The Park Plaza County Hall and the Park Plaza London Park Royal are part of the agreement, along with Park Plaza Leeds and Park Plaza Nottingham. Under the plans, Luxembourg’s Banque Hapoalim is providing the [...]
Global equity bloodbath plunges FTSE 100 to six-month low October 11, 2018 A GLOBAL equity bloodbath plunged the FTSE 100 to its lowest level in six months on a “gut-churning” day for investors. The sell-off began in the US on Wednesday before spreading to Europe, Asia, and trading floors across the world on Thursday. Global growth concerns, the prospect of higher US interest rates, as well as [...]
Turbulence and tailwinds: how savers can seek returns and save the planet February 14, 2019 Isa season is upon us. With just a few weeks left to go before the end of the 2018/19 tax year, canny savers are scrambling to use up their tax-free allowance before the 6 April deadline. The task became more of a challenge this year after the government, in a bid to bolster Britain’s savings culture, [...]
WH Smith trading update: Airport sales keeps retailer’s shares aloft August 30, 2018 Airport passengers shopping for a holiday read helped boost WH Smith in the 12 months to the end of August, it said today, as it delivered a trading update on its full-year results. The retailer, voted the UK’s worst high street store earlier this summer, teased its latest results ahead of their official release on [...]