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. [...]
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 [...]
French Connection £29m takeover approved by shareholders November 2, 2021 Fashion firm French Connection’s shareholders have put their support behind a £29m takeover. Buyer Apinder Singh Ghura – who has experience in the clothing sector as well as property and care homes – joined forces with partner Amarjit Singh Grewal, and KJR Brothers, headed by textile businessman Rafiq Patel. The move means the retailer is [...]
Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands June 23, 2022 Even though people often associate the financial world with black suits, statistics, and little in the way of style, trading does have its fashionable side. Specifically, fashion stocks. From high-end brands such as Christian Dior and Ralph Lauren to high-street labels like Gap and Zara, retail shares are firmly on investors’ radar recently. Only yesterday, [...]
Great Britain and Northern Ireland in strong showing but no gold rush July 25, 2022 If the Great Britain and Northern Ireland performance at the 2022 World Athletics Championships was turned into a secondary school attendance report, the team would have received a C plus. On one hand, the seven medals the team captured in Oregon, United States were the most by a contingent of athletes since 2015 – when [...]
Inside UK banks’ arms race against fintech start-ups June 8, 2024 The UK’s major banks are muscling into new areas of the fintech space as they look to keep up with a wave of young challengers and grab a slice of the lucrative market.
Modellers exclude South Africa data indicating Omicron is milder than Delta variant, reveals SAGE expert December 19, 2021 Potential best-case scenarios where the Omicron variant is milder than the Delta variant are pointless, according to Graham Medley.
Shoppers opted for premium products this Christmas as grocery inflation hit 3.5 per cent January 5, 2022 Grocery sales hit £11.7bn over the Christmas period, as shoppers were keen to make the most of the festive period after Covid restrictions hampered celebrations last year. Shoppers spent record amounts on supermarkets’ premium own brand products, with £627m spent on pricier items over the four weeks to 26 December. This was an increase of [...]
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, [...]