Inditex: Zara owner unfazed by wet weather as viral Tiktok clothing drives sales June 6, 2024 The owner of Zara, Bershka and Pull and Bear, has hailed a strong start to the summer as wet weather did not seem to deter shoppers from hitting the high street.
JPMorgan sues former banker Staley over Jeffrey Epstein ties March 9, 2023 JPMorgan has sued Jes Staley, its former private banking head and later Barclays chief executive, accusing him of entangling it with sex offender Jeffrey Epstein, and saying Staley himself had been accused of sexual assault. The largest U.S. bank filed two complaints on Wednesday night in Manhattan federal court, where it is also defending against lawsuits [...]
Barclays urges staff back to the office as HSBC eyes September return July 29, 2020 Barclays boss Jes Staley has indicated he wants employees to return to the office, as HSBC reportedly tells its staff they can work in Canary Wharf from September. Speaking to Bloomberg TV today, Staley said: “It is important to get people back together in physical concentrations.” He has previously said big city offices “may be [...]
Barclays braces for pandemic blow with extra £1.6bn cushion July 29, 2020 Barclays has set aside £1.6bn to insulate itself against further loan losses in the coronavirus-hit second quarter of 2020, it revealed today, a higher sum than analysts expected. Bank forecasts had pointed to a £1.42bn total but the £1.6bn figure for April to June brings Barclays’ total provisions to £3.7bn. That sum could reach £5.79bn [...]
Abu-Dhabi backed RedBird IMI makes £1bn swoop on another London media company, All3Media February 16, 2024 Investment fund RedBird IMI is set to snap up British TV and film production company All3Media just months after pouncing on the Telegraph.
Former Yodel owner owed over £100m as it collapsed into administration – but director hits back May 20, 2024 The former owner of parcel delivery group Yodel owed more than £100m when it collapsed into administration, according to a new document.
Cost of love: Brits opt to dine in and scale back as flower prices soar this Valentine’s Day February 14, 2024 The price of a bouquet of roses has shot up around four per cent if you look at Wednesday’s inflation reading.
Parcel deliverer Yodel saved from brink by fast growing rival Shift February 13, 2024 Parcel delivery group Yodel has been saved from the brink of collapse by rapidly-scaling competitor Shift overnight.
Labour no longer ‘sneering at business’ as it calls in City grandees December 8, 2023 The Labour party has said it is no longer “sneering at business” as it announced 10 new advisers for the City, including the chief of the London Stock Exchange and former chair of the Financial Conduct Authority.
Reshuffle as it happened: Braverman sacked and Cameron made foreign secretary November 13, 2023 Former prime minister David Cameron has re-entered government as foreign secretary, in a reshuffle which saw Suella Braverman sacked.