Superyacht sales return as more billionaires splash out November 9, 2021 Superyacht sales are on the rise, coinciding with a growing number of billionaires able to splash out on the luxury cruisers, according to reports. The superyacht industry has this year significantly outperformed “any of the last 12,” superyacht brokers Fraser Yachts told The Times, which first reported the news. One possible reason for the rebound [...]
Missguided workers eye legal action after “emotionless” redundancies May 31, 2022 Missguided workers are eyeing legal action against the fast fashion brand as it hashes out a sale. After calling in administrators yesterday, the beleaguered online retailer is facing criticism from suppliers and former employees. Law firm Aticus has said it is readying legal action after employees have claimed the redundancy process was not properly managed. [...]
Mike Ashley calls for business rate relief to help high street on ‘life support’ February 14, 2020 Sports Direct billionaire Mike Ashley urged the Treasury to take action on business rates today, saying steep payments have helped put the British high street on “life support”. The retail tycoon has said that the current system is a “significant contributor to the dire straits the high street currently finds itself in.” Formerly called Sports [...]
FTSE 100 and US stocks slide amid fears over global economy August 20, 2020 The FTSE 100 and US stocks fell after the US Federal Reserve gave a pessimistic view of the economy and the number of Americans claiming new jobless benefits unexpectedly rose. Investors are also concerned about rising coronavirus cases. France reported its biggest increase in cases since May and Spain is struggling to deal with its [...]
Coronavirus: Follow government advice and pandemic will end sooner, says health secretary March 20, 2020 The health secretary has urged the public to follow government advice as it will allow life to return to normal sooner. Matt Hancock said adhering to social distancing measures would prevent “difficult situations” such as those seen in Italy, where hospitals have become overwhelmed. “The more people follow the public health advice, the quicker we [...]
Citigroup enforces Zoom-free Fridays in wellbeing push March 23, 2021 Citigroup workers will be spared from Zoom meetings on Fridays as part of a wellbeing push by the bank’s new boss. In a memo to staff chief executive Jane Fraser said she was introducing the video call veto after it “became apparent we need to combat the ‘Zoom fatigue’ that many of us feel”. Fraser [...]
DEBATE: Are overseas private equity bids good news for the UK? August 24, 2021 Morrisons has accepted a £7bn bid from US private equity firm Clayton Dubilier & Rice. The fierce competition from US investors to buy the British supermarket giant has prompted concerns over what an injection of foreign money would mean for the high street stalwart. Ewan MacKinnon and Fraser Thorne take on the debate: Ewan MacKinnon, [...]
Coronavirus: ITV bosses take 20 per cent pay cut as bonuses scrapped April 3, 2020 ITV today scrapped director bonuses and said its entire board would take a 20 per cent pay cut in light of the coronavirus crisis. The broadcaster became the latest company to announce executive salary cuts in the face of coronavirus, after scrapping its 2019 dividend and abandoning 2020 guidance. Executive directors asked that their annual [...]
The demand for renewable energy investment will survive the cost crunch February 22, 2022 Earlier this month, Ofgem announced they would raise their consumer price cap by 54 per cent as global gas prices continued to jump. Against this backdrop, it’s easy to dismiss the strength of the appetite for investment in UK renewables. The value of “green” energy projects started in 2021 and was on track to exceed [...]
Mike Ashley urges government to reform business rates system quickly December 16, 2019 Sports Direct owner Mike Ashley has warned that more House of Fraser stores will be forced to close unless the new government tackles the “broken and unworkable” business rates system. Retailers have repeatedly urged politicians to take action on business rates, and ahead of his election win Boris Johnson pledged to launch a fundamental review [...]