New Look landlords approve switch to turnover rents September 15, 2020 New Look’s landlords and creditors have given the struggling retailer the green light to push ahead with restructuring plans. The majority of landlords have approved plans to allow the high street chain to switch to turnover-based rents at 402 of its UK stores, which will align rent payments with future sales performance. The remaining 68 [...]
Aston Martin DB12: First look at glam new British super tourer June 5, 2023 Everything you need to know about the new Aston Martin DB12, including power and performance figures, plus how it's likely to drive.
4 Reasons You Should Look For A New Job In 2023 December 26, 2022 It’s safe to say the job for life model of yore that your parents probably aspired to is about as relevant today as ping-pong and pool tables in an office where most of the workforce are doing their daily duties remotely. Redundant perks aside, there are lots of reasons why the start of the new [...]
New SFO director has ‘a massive mountain to climb’ as the anti-fraud agency looks to rebuild July 26, 2023 The new director of the Serious Fraud Office (SFO) faces a herculean task in rebuilding the agency’s reputation after a number of failures over the last few years, top City lawyers have warned. Earlier this month Nick Ephgrave, the former assistant commissioner of the Metropolitan Police, was appointed as the next director of the agency [...]
New Reckitt Benckiser chief to take reins next month as Durex maker looks for ‘smooth’ transition September 1, 2023 Consumer health giant Reckitt Benckiser has announced new chief Kris Licht will take over the reins from 1 October as chief Nicandro Durante stands down The FTSE 100 firm announced Licht as its new chief executive in April this year and he has been working alongside current boss Durante since the beginning of May. Reckitt [...]
THG brings in new finance chief ahead of bleak looking year January 24, 2023 E-commerce giant THG has hired Damian Sanders as its new chief financial officer amid a recent slew of negative earning reports and a collapse in share price. Following a global search, the troubled British firm has landed on Sanders as the replacement for John Gallemore, who is moving over to the role of chief operating [...]
Wilko may look like Woolies 2.0, but a new buyer should save it from collapse August 11, 2023 Wilco’s collapse into administration put tens of thousands of jobs at risk, but the high street staple should have a future if a buyer sees beyond the hysteria, writes George MacDonald.
Investors look for new consolidation levels as crypto ‘Fear and Greed’ index hovers in Neutral April 24, 2023 Bitcoin, the flagship cryptocurrency, is trading below $28,000 while the price of Ethereum sits just above $1,800 this morning.
New Look launches restructuring plan to slash rents August 26, 2020 High street retailer New Look has asked landlords to change the way it pays rent on most of its stores in a bid to secure a £40m cash injection. The fashion chain launched a company voluntary arrangement (CVA), which involves resetting 402 stores to turnover rent to align rent payments with future performance. The turnover [...]
Pets at Home to open 40 new stores as pandemic puppy trend looks here to stay May 25, 2023 Retailer Pets At Home has unveiled plans to open at least 40 new stores across the UK under aims to become the “world’s best pet care platform” after posting record annual results. The firm’s chief executive Lyssa McGowan said the group was spending £400m on an ambitious growth strategy that would see it expand its [...]