Revealed: The high street retailers that collapsed in 2018 January 7, 2019 To many analysts, 2018 was seen as the year the death knell was sounded for the high street, with the number of retailers falling into administration rising for the second year in a row, according to Deloitte. A total of 125 retailers collapsed last year and there was a 53 per cent increase in Company [...]
Horse Racing Betting Tips: Enola Gay can pay for the day at Sandown January 3, 2019 CHRISTMAS was a bit of a slog for punters. Unexpected results in the King George and the Christmas Hurdle at Kempton on Boxing Day, as well as a fistful of unfancied winners throughout the festive period, meant the bookies rolled into 2019 on top. Tomorrow’s card at Sandown, where the Grade One Tolworth Hurdle is [...]
FTSE 100 to remain unchanged in reshuffle for first time in 12 years after ‘peaceful summer’ September 4, 2018 The FTSE 100 is set to remain unchanged following its quarterly reshuffle for the first time in 12 years. Despite some “low-hanging fruit”, with the likes of Rightmove, Royal Mail and Marks & Spencer all flirting with demotion, there are not expected to be any promotions or relegations from the exchange listing of London's largest [...]
Mark Kleinman’s big predictions for the Square Mile in 2019 January 11, 2019 Sir Martin Sorrell’s WPP exit, Unilever’s HQ U-turn, Melrose’s swoop for GKN: 2018 was a year full of surprises in the City. And while forecasting might be a fool’s errand, here are 10 predictions for the year ahead. •Theresa May will decisively lose next week’s “meaningful vote” on Brexit: that’s not a punt that will [...]
Battle of the sarnies: From Tesco to Benugo, which Christmas sandwich will come top of our list this year, and which one was literally inedible? November 15, 2017 We set off into the City to gather festive sandwiches from supermarkets and fast food chains far and wide to see which of them is worthy of Santa himself, and which were a nightmare before Christmas. Eat Turkey and cranberry sandwich ★★★☆☆ Tastes alright, but nothing to write to Santa about. Solid fillings, pleasantly sweet [...]
Raising the standard: The male business chiefs helping the drive for gender equality May 20, 2019 Not all business leaders are joining the battle for gender equality. As more women are being pushed up the corporate ladder and trained for senior roles, some male chief executive officers (CEOs) privately admit to feeling belittled, excluded and minimised. They complain that “you can’t say what you think anymore” and it’s “PC gone mad.” [...]
M&S pay row: Marks and Spencer faces £100m bill for pension changes and payments to cushion pay cut pain October 14, 2016 Marks and Spencer is making a payout of at least £100m to its employees to cushion the pain of the pay cuts and as part of pension changes it is introducing for shop staff. The retailer is cutting benefits to shop staff such as premium pay on Sunday and Bank Holidays following the introduction of the [...]
Businesses to splash out over £6bn on Christmas advertising November 14, 2018 UK businesses will fork out £6.4bn on festive advertising this Christmas during the final quarter, according to the Advertising Association. The expenditure, which is up 5 per cent on last year’s record amount, shows the growing competition between companies as they vie to make the season’s most popular advert and achieve festive fame. Many of [...]
Debenhams share price tumbles as firm mulls over rescue plan September 10, 2018 Shares in high street retailer Debenhams crashed 17 per cent this morning after it emerged the firm had brought in KPMG to advise on a number of options to save the struggling company. Debenhams has had a gruelling year, announcing three profit warnings so far alongside a raft of job cuts, causing its share price to tank [...]
City Moves for 9 November – who’s switching jobs at Baker Botts, Duff & Phelps and Just Eat? November 8, 2018 Who’s making a move on up today? Baker Botts Baker Botts, the international law firm, today announced that Matthew Levitt has joined the firm’s antitrust practice as a partner. Matthew, recognised as one of the leading competition lawyers in Europe, will be based in the Brussels office. Matthew’s practice has focused on EU and international [...]