CITY MOVES WHO’S SWITCHING JOBS May 13, 2012 Rule Financial Pauline Parker has joined the provider of business and IT services to investment banks as head of its application managed services division. She joins Rule Financial from Temenos, the banking software solutions firm, where she served as a business consultant. Parker has also previously held the posts of Midas solutions director at Misys [...]
REAL ESTATE TYCOONS DOMINATE UK LIST March 7, 2012 ● Gerald Cavendish Grosvenor – real estate Gerald Cavendish Grosvenor is ranked 78 on the list. As the sixth Duke of Westminster, Grosvenor is the wealthiest landowner in the UK with a net worth of $11bn (£7bn), down from $13bn from last year. Grosvenor, age 60, is based in Chester. He made his fortune though [...]
Green to cut hundreds of shops as wary consumers stay home November 24, 2011 ARCADIA Group, the retailer owned by billionaire Sir Philip Green, yesterday said it planned to close up to 260 stores over the next three years after announcing a big fall in profits. The group, which owns fashion retail stores including Topshop, Miss Selfridge, and department store BHS, said it would not renew half of its [...]
McCluskey in call for direct action on cuts September 11, 2011 THE head of Britain’s largest trade union has said workers should be prepared to engage in a campaign of civil disobedience against coalition cuts – just weeks after Britain was gripped by the worst riots in a generation. Len McCluskey, the firebrand leader of the Unite union, refused to rule out so-called “direct action” and [...]
Travelodge to splash out £165m on new UK hotels July 4, 2011 HOTEL chain Travelodge today announced 22 new hotels, including five in London, as part of a £165m expansion across Britain. The company has also entered a partnership with clothing retailer Arcadia Group. This partnership will see the construction of a 96-room Travelodge hotel above the Topshop store in Princes Street, Edinburgh, with the establishment due [...]
Travelodge to splash out £165m on new UK hotels July 4, 2011 HOTEL chain Travelodge today announced 22 new hotels, including five in London, as part of a £165m expansion across Britain. The company has also entered a partnership with clothing retailer Arcadia Group. This partnership will see the construction of a 96-room Travelodge hotel above the Topshop store in Princes Street, Edinburgh, with the establishment due [...]
Oil trader denies manipulation May 25, 2011 Oil trader Arcadia Petroleum has vigorously denied claims that it attempted to manipulate oil markets in early 2007, preceding a price rally that saw the price of a barrel soar over $140 (£85.90). The US Commodity Futures Trading Commission (CFTC) has sued two oil traders and their employers, Arcadia and Parnon, for an alleged manipulation [...]
Oil trader denies manipulation May 25, 2011 Oil trader Arcadia Petroleum has vigorously denied claims that it attempted to manipulate oil markets in early 2007, preceding a price rally that saw the price of a barrel soar over $140 (£85.90). The US Commodity Futures Trading Commission (CFTC) has sued two oil traders and their employers, Arcadia and Parnon, for an alleged manipulation [...]
Arcadia looks overseas to grow profit November 18, 2010 ARCADIA, the owner of retail chains including Topshop and BHS, is planning further international expansion after posting a 6.4 per cent rise in pre-tax profit to £213.2m for the year to the end of August yesterday. Arcadia Group’s operating profits increased 10.4 per cent to £279.6m in the year, on sales up 40 per cent [...]
Govt to cut £3bn waste spend after Sir Philip Green review June 3, 2011 The government has said it expected to cut spending on basic goods and services by £3bn per year as it implements the findings of Sir Philip Green’s review. Green, whose Arcadia Group owns the Topshop clothing chain, said last year the government was wasting large sums by failing to exploit its size and credit rating [...]