City Moves for 9 November – who’s switching jobs at Baker Botts, Duff & Phelps and Just Eat? November 8, 2018 Who’s making a move on up today? Baker Botts Baker Botts, the international law firm, today announced that Matthew Levitt has joined the firm’s antitrust practice as a partner. Matthew, recognised as one of the leading competition lawyers in Europe, will be based in the Brussels office. Matthew’s practice has focused on EU and international [...]
Magic Circle deal star Nigel Boardman’s next act September 24, 2018 Slaughter and May deal star Nigel Boardman is approaching the second act of his career with the same strategic approach that made him the most renowned English corporate lawyer of the last 20 years. When he retires from Slaughters’ partnership at the end of April to become a part-time consultant with the firm it [...]
Profiting from the retail revolution: What’s hot and what’s not? January 15, 2019 It turns out that so-called Super Thursday wasn’t so super after all. Despite being lauded as a day when retailers boast strong figures from the festive period, last Thursday proved to be a mixed basket of results. With consumers feeling the pinch and Brexit-sized uncertainty looming large over the high street, it’s not surprising that [...]
Lloyds Bank stars as FTSE 100 rockets in Q1 April 9, 2019 By Graeme Evans from interactive investor. After a great first quarter for stock markets, we assess the best and worst blue-chips of 2019 so far. It’s been a storming start to 2019 for the FTSE 100 index, with popular interactive investor stocks including Lloyds Banking Group (LSE:LLOY), Next (LSE:NXT) and Tesco (LSE:TSCO) among those on [...]
Intu’s property empire loses £300m of value as retailers shut up shop October 23, 2018 Intu took a £300m hit to its property valuation in its latest quarter, also cutting its rental growth forecast amid the UK’s high street decline, it revealed today. The shopping centre chain is currently mulling a £2.9bn takeover offer from a consortium including British billionaire John Whittaker, Saudi investment group Olayan, and Brookfield Property Group. [...]
Brockmans Gin doubles UK sales as supermarket expansion pays off September 24, 2018 High-end spirit producer Brockmans Gin nearly doubled UK revenues in the first six months of the year, and grew by a third globally. First-half revenue increased 35 per cent to £4.73m from £3.5m in the same period of 2017, while the company’s UK sales climbed 90 per cent, outstripping market growth of 38 per cent. The Surrey-based [...]
Brexit secretary Dominic Raab clashes with John Lewis as profits tumble 99 per cent September 13, 2018 Brexit secretary Dominic Raab has clashed with John Lewis after its chairman Charlie Mayfield suggested the store’s 99 per cent plunge in profits was partly due to Brexit. Profits at John Lewis plummeted to just £1.2m in the first half of this year amid what Mayfield called “challenging times” for retail. He also warned that [...]
Brexit secretary Dominic Raab clashes with John Lewis as profits tumble 99 per cent September 13, 2018 Brexit secretary Dominic Raab has clashed with John Lewis after its chairman Charlie Mayfield suggested the store’s 99 per cent plunge in profits was partly due to Brexit. Profits at John Lewis plummeted to just £1.2m in the first half of this year amid what Mayfield called “challenging times” for retail. He also warned that [...]
M&S could cease to exist without radical change, warns chairman July 10, 2018 Marks & Spencer’s management confessed existential dread to shareholders today, as its new chairman warned the retailer could disappear within years if the business is not overhauled. Speaking at the company’s annual general meeting (AGM), chairman Archie Norman said: “In decades to come, there could be no M&S.” It marked a blunt first appearance for [...]
M&S passes on £1.4bn of its pension liabilities to Aviva and Phoenix May 17, 2018 Nearly £1.4bn of Marks & Spencer’s pension liabilities were today passed to insurers Aviva and Phoenix. It follows a trend of organisations including National Grid, Pearson and Smith Group transferring pensions calculated on worker’s final salaries over to insurers. Read more: Zurich completes deal to cover £2bn of National Grid pension liabilities Around £925m will [...]