Morrisons in City spotlight for first-quarter results May 6, 2019 Investors will be hoping Morrisons can replicate recently-improved trading results from its supermarket rivals later this week when it looks set to extend a long spell of like-for-like sales growth. Read more: Morrisons granted permission for Supreme Court appeal over data ruling Following a largely better-than-expected financial performance from both Sainsbury’s and Tesco in recent [...]
Retail Sales Hit by Biggest Slump on Record June 4, 2019 Retail sales have taken a dramatic tumble in May, as already challenging retail conditions are set against a background of Brexit uncertainty. In total, sales for May declined by 2.7 per cent, the biggest drop since the British Retail Consortium (BRC) started the monthly survey 24 years ago. Britain’s retailers are warning that the decline [...]
City Moves for 29 April 2019 – Who’s switching jobs at Hambro Perks, Cushman & Wakefield and Relendex? April 29, 2019 Today's City Moves includes Hambro Perks, Cushman & Wakefield and Relendex. Hambro Perks The London-based venture firm, Hambro Perks, has announced the appointment of Svenja Grundmann as investment associate. Svenja Grundmann has joined the company to work alongside portfolio manager Jemma Bruton and Richard Tufft, venture partner and co-head, in building out the Access Fund. [...]
City Moves for 25 April 2019 – Who’s switching jobs at the Economist Group, Gumtree and Oasis? April 25, 2019 Today's City Moves includes the Economist Group, Gumtree and Oasis. The Economist Group The Economist Group has announced that Lara Boro will become its new chief executive. Lara joins from Informa, where she is currently chief executive of Informa Intelligence. She will take up the position later this year, when Chris Stibbs, the current chief [...]
Hiring disabled people is a trillion-dollar business opportunity May 29, 2019 Government figures show that over the past five years, some 930,000 disabled people have found employment – an increase of 7.4 per cent, compared with 3.8 per cent for non-disabled people. That serves a heady shot of optimism for people like me who live and work with a disability, especially when you consider that globally, disabled [...]
Tesco turnaround marks the milestone for Drastic Dave April 10, 2019 In the never-ending debate about executive pay, examples of failure are cited more frequently than cases of good value for money. Recently the likes of WPP, Persimmon and Ted Baker have all demonstrated how the actions of the top boss can dent the fortunes of a company and frustrate shareholders. But despairing investors now have [...]
Non-Standard Finance extends deadline for Provident shareholders to accept £1.3bn hostile takeover April 29, 2019 Non-Standard Finance (NSF) has set 15 May as its final closing date to secure its hostile takeover of rival Provident Financial, urging shareholders to back it to break the “status quo”. Read more: Provident lashes out at 'unlawful' NSF payments amid takeover dispute The new date signals a week’s delay to the previous deadline to [...]
BT’s brand value drops as new boss prepares image overhaul May 21, 2019 The value of telecoms giant BT’s brand slumped this year as new chief executive Philip Jansen prepares to overhaul the company’s image. BT dropped two rankings to 10th place this year as its brand value, which is calculated as the net economic benefit its owner would receive if it licensed the brand in the open [...]
City Moves for 24 April 2019 – Who’s switching jobs at Al Rayan Bank, Collibra and Air Partner? April 24, 2019 Today's City Moves includes Al Rayan Bank, Collibra and Air Partner. Al Rayan Bank Al Rayan Bank has confirmed the appointment of Amir Firdaus as chief financial officer. The role will be based at the bank’s operational headquarters in Birmingham. Amir, who has been interim chief financial officer since December 2018, has been promoted to [...]
Competition regulator set to launch reforms to beef up consumer protection February 24, 2019 Consumer protection is set to be beefed up with bigger fines and disqualification for company directors under a new set of proposals to be announced tomorrow by the competition watchdog. The chairman of the Competition and Markets Authority (CMA) Lord Tyrie will announce a set of proposed reforms at an event with the business secretary Greg [...]