Superdry taps two top finance bosses after boardroom exodus July 4, 2019 Superdry has appointed two retail finance heavyweights to its board as it looks to restore order after an exodus of board members. The fashion chain has appointed Helen Weir and Alastair Miller as directors, with the appointments set to take effect from 11 July. Read more: Superdry delays results after issuing profit warning Weir was [...]
British Gas owner Centrica ‘to cut dividend and sell off oil and gas business’ July 21, 2019 Centrica is said to be planning to cut its dividend and start looking for a buyer for its oil and gas business. The British Gas owner is reportedly planning to cut its payout in a bid to keep its credit rating. It would join the likes of Vodafone, Marks & Spencer and BT in doing [...]
In memoriam: Ian Taylor 1946-2020 January 16, 2021 Ian Taylor, who died in June of last year, ran Vitol for two decades. He was well-liked in the City not just for his business acumen, but for his philanthropy – which, it was revealed last week, continued after his death. Bloomberg reported he left £1m to the Royal Opera House and significantly more than [...]
England v South Africa: What previous meetings can tell us about this weekend’s Rugby World Cup final October 30, 2019 When pondering England’s Rugby World Cup final against South Africa on Saturday there is one obvious point of reference to consider. The two teams met in the 2007 tournament showpiece in Paris, where the Springboks kicked five penalties to England’s two in a 15-6 win remembered for Mark Cueto’s disallowed try. But whether Cueto’s foot [...]
Horse Racing Betting Tips: Atzeni will put punters in fine Spirits at Donny again September 11, 2019 IT IS not the same as York but nearby Doncaster has its own charms, particularly during the four-day William Hill St Leger Festival. The highlight of the meeting, the world’s oldest Classic on Saturday, could have a big impact on the destination of the trainers’ title with John Gosden and Aidan O’Brien battling it out. [...]
M&S reveals next 17 stores in firing line for closure as hundreds of jobs face the chop January 15, 2019 Marks & Spencer revealed the identity of the latest stores that are earmarked for closure today, as a swathe of sites face the firing line amid a downturn for the beleaguered retailer. As many as 1,000 people could face losing their jobs as part of the latest stage in the company's turnaround plan that will [...]
FTSE 100 reshuffle: What has gone wrong for M&S? September 2, 2019 High street stalwart Marks & Spencer looks almost certain to fall out of the FTSE 100 after markets close today. The retailer’s shares have lost about 40 per cent of their value since January last year, despite management attempts to turn its fortunes around. Read more: Ocado and M&S share prices drop as they complete [...]
Is your local M&S closing? Full list of the store closures announced today January 31, 2018 Marks and Spencer announced this morning that it is shutting down a raft of its stores. Here is a full list of the stores set to close by the end of April: Stores closing by April Birkenhead Bournemouth Durham Fforestfach Putney Redditch M&S said staff from these stores will be moved to other outlets nearby. [...]
Sainsbury’s cuts market share decline as Aldi and Lidl soar June 25, 2019 Sainsbury’s has cut short the decline in its market share as discount rivals Aldi and Lidl continue to boost sales. Customer spend at Sainsbury’s dipped 0.6 per cent in the three months to 16 June, an improvement on the 1.2 per cent decline in the previous period following its failed merger with Asda. Read more: [...]
Hedge funds ramp up bets against Jupiter Fund Management May 22, 2019 Hedge funds have increased their bets against Jupiter Fund Management making it one of the most shorted UK companies. The asset manager’s shorted stock has increased to 10.55 per cent, more than that of struggling firms such as AA and Marks & Spencer, from 7.37 per cent at the beginning of April. Read more: Jupiter assets [...]