M&S clothing boss steps down as CEO takes over role July 11, 2019 Marks & Spencer head of clothing Jill McDonald is leaving the company and is set to be replaced by chief executive Steve Rowe. McDonald, the former chief executive of cycling retailer Halfords, joined the high street giant less than two years ago. Read more: M&S seeks to persuade investors of Ocado deal benefits Sky News, [...]
Labour to cut rail fares and create ‘London-style’ ticketing for the UK December 1, 2019 Labour will reform the country’s rail ticketing system to create a one-stop shop for tickets if elected, while also promising to cut fares by 33 per cent. The party wants to create a uniform “London-style” ticketing system that allows contactless payments and sets out fares on a zonal basis. Read more: Train companies to hike [...]
M&S finance boss heads for the exit September 22, 2019 Marks & Spencer has confirmed it is parting ways with its finance chief less than two years after he took on the role. The retail giant’s group chief financial officer Humphrey Singer is leaving the business in the latest high-profile departure to rock the company. Read more: UK retail sales unexpectedly fall in August Coming [...]
London mayor Sadiq Khan slams Jeremy Corbyn and tells him to go ‘quickly’ December 16, 2019 Sadiq Khan has savaged Jeremy Corbyn in the aftermath of Labour’s historic election defeat, saying he needs to “quickly” step down as leader. The Labour mayor of London criticised Corbyn for his role in the party’s landslide defeat, saying much of it had to do with him not being “credible”. Read more: ‘You can’t make [...]
Northern Rail franchise on course for financial collapse in ‘a number of months’ January 9, 2020 The crisis-stricken Northern Rail franchise is on course for a full-scale financial collapse within months, according to transport secretary Grant Shapps. In a statement citing the franchise’s most recent financial information, Shapps said the franchise could only continue to run for “a number of months” before the government stepped in. Read more: Arriva-run Northern Rail [...]
Corbyn defends leaked NHS documents amid ‘links to Russia’ December 7, 2019 Jeremy Corbyn has defended his party’s decision to release leaked documents detailing UK-US trade talks despite apparent links to Russia. Reddit revealed on Friday that the documents were posted on its platform by an account linked to a campaign “originating from Russia”. The site said it had suspended 61 accounts that were part of a [...]
McLaren Group set to tap City veteran Paul Walsh as chairman March 10, 2020 The British conglomerate behind the McLaren Formula One (F1) team is said to have lined up City stalwart Paul Walsh as its new chairman. Walsh, who served as chief executive of Guinness owner Diageo for 12 years, is in advanced talks with McLaren Group over the role, Sky News reported. The appointment, which could be [...]
Markets live: FTSE 100 up but US stocks down amid stimulus hopes July 28, 2020 The FTSE 100 rose but US stocks fell as coronavirus cases climbed around the world and Republicans and Democrats prepared to debate a new stimulus package amid new vaccine trials The UK’s main stock index was 0.3 per cent higher in afternoon trading at 6,120 points after briefly slipping into the red. The FTSE 250 [...]
Solheim Cup thriller was up there with anything in men’s or women’s golf September 16, 2019 It has been a big week for many people in golf but none more so than those involved in an extraordinary Solheim Cup. Europe’s 14½-13½ win over the United States at Gleneagles was exciting beyond belief, up there with any finish that the men’s or women’s game has ever seen. First, Bronte Law looked to [...]
Grant Shapps says rail firms should be rewarded for running trains on time September 19, 2019 Transport secretary Grant Shapps has suggested rail firms should be given financial rewards for running trains on time, admitting that they still get paid when services are late. Shapps said rail firms currently operate in a “dysfunctional and flawed” system where “they can not run trains on time and still get paid”. Read more: A [...]