Shakespeare: The pandemic is changing the retail market, even online April 8, 2020 Lockdown has created a difficult situation for retailers of goods that are deemed ‘non-essential’ as brands try to adhere to social distancing guidelines for employees while balancing the need to continue trading. Some Brits have taken to social media to argue that ordering non-essential items online creates unnecessary risks for warehouse employees. But encouragingly for [...]
British Airways, Next and ITV at risk of credit rating downgrades May 15, 2020 Some of the UK’s biggest companies are at risk of having their credit ratings downgraded and becoming “fallen angels”, ratings agency S&P has said, raising the possibility of a sharp rise in borrowing costs in the midst of the worst downturn since the 1930s. Big names such as Next, British Airways and ITV are in [...]
City Moves: Who is switching jobs in the Square Mile this week? March 17, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. IoD appoints new chair The Institute of Directors (IoD) has appointed a new chair after a thorough search process, who will step into the role next Monday. Patrick Macdonald is set to take [...]
FTSE 100 and US stocks slide amid fears over global economy August 20, 2020 The FTSE 100 and US stocks fell after the US Federal Reserve gave a pessimistic view of the economy and the number of Americans claiming new jobless benefits unexpectedly rose. Investors are also concerned about rising coronavirus cases. France reported its biggest increase in cases since May and Spain is struggling to deal with its [...]
iPhone maker Apple named the UK’s top employer October 22, 2018 US tech giant Apple has been named the UK’s best employer by recruitment website, Indeed. The rankings assessed factors including career progression, flexible working opportunities and salary across millions of reviews. Read more: Apple finds a coffee cup that will track your caffeine intake Apple was commended by its employees for its good pay, positive [...]
FTSE 100 reshuffle: The five stocks at risk of falling out of London’s blue-chip list March 2, 2020 Supermarket chain Morrisons, B&Q owner Kingfisher and travel agent Tui are among the companies at risk as the FTSE braces for a reshuffle this week. The next quarterly shake-up is due to be announced on Wednesday, based on closing prices tomorrow. NMC Health, which is facing a probe into its finances by the City watchdog [...]
Why 2019 will not mark the death of the high street January 2, 2019 When HMV went into administration in 2013, disgruntled employees used the retailer’s Twitter account to give live updates of the “mass execution” at the beleaguered music firm. However, ahead of last week’s announcement that the the 97-year-old business was collapsing for a second time, passwords for all its social media accounts were changed to avoid [...]
Government would be ‘very unwise’ to ignore Huawei rebels, says David Davis March 10, 2020 The government would be “very unwise” to ignore Conservative rebels on Huawei, even if Downing Street wins today’s key vote, David Davis has warned. Speaking just hours before MPs debated an amendment designed to force the government’s hand on 5G, banning it from using “high risk vendors” after 31 December 2022, the former Brexit secretary [...]
DEBATE: Will the M&S venture with Ocado turn around its fortunes? November 7, 2019 Will Marks & Spencer’s joint venture with Ocado turn around the struggling retailer’s fortunes? YES, says Adam Vettese, investment analyst at multi-asset investment platform eToro When you think of Marks & Spencer, you think of food. And not just any food, but top-quality food. In fact, food is so important to M&S that it now [...]
Credit card giant Newday set to buy finance platform Deko January 9, 2020 Credit card issuer Newday has reportedly agreed to purchase retail finance platform Deko in a bid to boost its tech credentials. Newday has reached a deal to acquire Deko for up to £40m, depending on the tech provider’s performance, Sky News reported. Read more: ‘Worst year on record’ for retailers in 2019 If the purchase [...]