Goldman Sachs-backed startup Neyber in talks with administrators February 20, 2020 A London-based startup that has been backed by Goldman Sachs is reportedly in talks with administrators in a bid to secure its long-term future. Neyber, a consumer finance provider that enables employees to borrow against their salaries, is in discussions with accounting firm BDO about a range of strategic options, Sky News reported. Possible outcomes [...]
City Moves: Who is switching jobs in the Square Mile this week? January 13, 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. After a rocky year for business, City firms are continuing to adapt to the challenges of three national lockdowns and post-Brexit bureaucracy to keep things moving across the Square Mile. This week, Lloyd’s [...]
Budget 2020: Business rates cut for more small leisure and retail firms March 11, 2020 Small retail, leisure and hospitality businesses will be exempt from paying business rates for one year as part of an emergency budget to protect the economy from the impact of the coronavirus outbreak. All retail, leisure and hospitality businesses with a rateable value of less than £51,000 will be exempt from paying business rates over [...]
Petrol prices fall for the fourth consecutive month in November December 4, 2019 Petrol prices fell for the fourth month in a row in November, with the average price of a litre of unleaded now 3.3p less than at the beginning of August. The average price for unleaded fell 0.48p to 125.93p, with diesel showing a similar drop in price from 130.27p to 129.83p, according to the RAC’s [...]
Coronavirus: When are supermarket opening times for NHS and pensioners? April 17, 2020 As the UK heads into lockdown because of the coronavirus outbreak, supermarkets have enforced tighter restrictions and changed opening hours. Prime Minister Boris Johnson yesterday ordered all “non-essential” shops to close, leaving supermarkets one of the few stores to remain open. In recent weeks supermarkets have struggled to keep shelves replenished as consumers embarked on [...]
Price is right for Asda as it scores fifth quarter of growth August 16, 2018 Asda continued its streak of growth yesterday with a fifth consecutive rise in same-store sales ahead of its proposed merger with Sainsbury’s. The supermarket posted a 2.4 per cent improvement in net sales in its second quarter results, fuelled by its online business and a 25 per cent jump in sales of its George clothing [...]
Fuel prices fall on back of coronavirus crisis March 4, 2020 Coronavirus fears pushed prices lower on UK petrol station forecourts in February with some of the biggest reductions in diesel since 2000. According to data out today by the RAC, average UK unleaded petrol fell 2.93p to 124.02p a litre by 29 February, compared to 126.95 at the start of the month. Diesel also fell [...]
Porsche Cayman GTS 4.0 review: The joy of six July 18, 2020 I was blissfully ignorant at the time, but this would be my final fling. A few days later, the UK entered lockdown, and the freedom to simply go for a drive was abruptly revoked. In the weeks and months that followed, I often thought about that afternoon. Confined to Croydon, sealed off from friends and [...]
Tesco chief resigns after turning the brand around November 27, 2019 Tesco’s chief executive Dave Lewis will leave the Big 4 retailer next summer, an announcement that sent shock waves across the industry. Tesco is currently the highest-ranking retailer in the FTSE 100 thanks to Lewis’ turnaround plan implemented shortly after his arrival in 2014. At the time Tesco was facing a crisis following the million-pound [...]
Covid consolidation bears low-hanging fruit for traders June 29, 2020 No understatement is truer than the one about how “nothing will ever be the same again” following the coronavirus pandemic. Businesses in the hundreds of thousands will not reopen. Millions of jobs have been lost. Billions of dollars have been wiped off the valuations of household brands and City darlings. Past worries about Brexit seem [...]