Mark Kleinman: Hambro Perks, Ray Winstone’s side hustle and IPGL shake-up February 9, 2023 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Hambro Perks’ called-off merger spells bad news for the City November 23, 2021 was a landmark day for the London stock market: the unveiling of the first special purpose acquisition [...]
Pizza Express to cut up to 1,100 jobs after enforced store closures August 18, 2020 Pizza Express has unveiled plans to close 73 of its restaurants in a move that places 1,100 jobs at risk. The dining chain confirmed on Tuesday that it had finalised a proposal to reduce its restaurant and rental costs via a company voluntary arrangement (CVA). The company, which has around 470 sites throughout the UK, [...]
Ex-Sainsbury’s director to share helm of government Environment Agency March 29, 2022 Environment secretary George Eustice has appointed the former Sainsbury’s director as deputy chair of the government’s Environment Agency. Retail veteran Judith Batchelar will step into the new role at the beginning of April as current deputy chair Richard Macdonald’s term ends. Batchelar, who resigned from Sainsbury’s after 16 years last May, worked in the food [...]
Fresh Hope that Fellowes and Turner can win the Sandringham yet again June 16, 2022 TRAINERS are creatures of habit. They have certain races they target and Charlie Fellowes will be hoping he can continue his love affair with the Sandringham Stakes (5.00pm) this afternoon. Thanks Be gave the young handler his first Royal Ascot win in this race three years ago when ridden by Hayley Turner who was becoming [...]
Frasers Group: Mike Ashley’s firm issues profit warning amid ‘significant disruption’ caused by coronavirus March 20, 2020 Mike Ashley’s Frasers Group has issued a profit warning this morning citing the “significant disruption” to business. Formerly Sports Direct, the retailer will no longer give guidance in relation to the current financial year. Due to the coronavirus outbreak, the firm has seen reduced customer footfall to its brands’ stores, which includes House of Fraser, [...]
How Aldi boss intends to see off supermarket rivals and bring discount store within reach of all UK shoppers April 3, 2023 Aldi will not stop the “relentless” roll out of its value supermarkets across the UK, despite attempts by rival supermarkets to scupper its growth, its chief executive has said. Giles Hurley, the head of UK and Ireland operations for the German discounter, told The Telegraph that they are going to bring stores within easy reach [...]
Linkedin to cut 960 jobs in pandemic restructuring July 21, 2020 Linkedin is to cut around 960 jobs, or six per cent of its workforce, as it struggles to maintain demand for its products during the pandemic. The Microsoft-owned professional social network helps workers find new roles and recruiters source fresh talent. The impact of the coronavirus pandemic on global employment has left Linkedin with falling [...]
London markets dip as retailers give up this week’s gains January 13, 2022 London markets eked marginal gains yesterday despite retailers giving up some gains registered throughout the week. The capital’s premier FTSE 100 index closed 0.16 per cent higher at 7,563.85 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, fell 0.38 per cent to 22,958.48 points. Britain’s [...]
Platinum Jubilee Reads: the best in our opinion pages on politics and the economy June 4, 2022 May was a weird month for Bitcoin – it included a price dip of 15 per cent weeks ago. Yet the cryptocurrency is not going away any time soon, and as Christian Keroles wrote at the beginning of the month, the UK should find a coherent approach to deal with it. The Chancellor could take [...]
FTSE 100 close: ASOS and Centrica pop to crystalise strong start to 2023 January 12, 2023 London’s FTSE 100 built on gains yesterday that propelled to its highest level since 2018 after a series of British bellwether retailers posted a decent set of results this morning and the owner of British Gas skyrocketed. The capital’s premier index closed up 0.89 per cent at 7,794.04 points, while the domestically-focused, mid-cap FTSE 250 [...]