Action on climate speaks louder than words, but communicating that action is also key September 24, 2020 Rather than being overshadowed by the pandemic, if anything Climate Week in New York — which began on Monday — has been amplified by the focus on building back greener and fairer. This is mirrored by more and more businesses making Net Zero commitments — PwC being among the organisations to announce one in recent [...]
Landlords desert Travelodge to set up rival operator July 24, 2020 Dozens of Travelodge landlords are set to ditch the budget hotel chain to set up a rival company, following an acrimonious battle with the firm over rent cuts during the pandemic. Around 80 hotels will desert Travelodge to sign new leases with Goodnight, a new brand set to be formally announced later today. The Goodnight [...]
JD Sports buys back Go Outdoors from administrators in £56.5m pre-pack deal June 23, 2020 JD Sports has bought back its struggling outdoor clothing chain Go Outdoors from administrators for £56.5m. The move, which is designed to “preserve as many jobs as possible”, comes with a major restructuring plan aimed at retaining the “majority” of stores, JD Sports said. Big Four accountancy giant Deloitte had been appointed by JD Sports [...]
Deloitte calls for audit market cap and ban on selling extra services to audit clients November 8, 2018 Two of the world’s biggest accountancy firms have backed a ban on UK auditors selling extra services to their audit clients, setting the stage for a huge shift in the embattled sector. Deloitte and KPMG – two members of audit’s Big Four – have backed the move, which would potentially put hundreds of millions in fee income [...]
Manchester United facing threat to status as England’s richest football club from Manchester City and Liverpool January 14, 2020 Just two years ago they were the world’s richest team, their unrivalled commercial operation allowing them to capitalise on a brand built up during two decades dominating English football. Now, however, Manchester United are increasingly being left behind by Spain’s big two clubs and in danger of being eclipsed financially by Premier League rivals Manchester [...]
How Tottenham overtook Chelsea and Arsenal to become London’s richest football club January 14, 2020 They may have lost out to Liverpool on the night but Tottenham Hotspur’s run to a first ever Champions League final came with a consolation prize: they are now London’s richest club. Spurs’ best ever European campaign helped grow revenue by 21 per cent to £459.3m (€521.1m), taking them above rivals Chelsea and Arsenal to [...]
Rally flags, but fundamentals still look strong August 26, 2021 The crypto market is down again this morning after an impressive rally that’s seen Bitcoin gain around 70 per cent in a month.
Coronavirus: Gourmet Burger Kitchen and Ask Italian owner Azzurri appoint advisers April 23, 2020 Casual dining chains Gourmet Burger Kitchen (GBK) and Azzurri, the owner of Ask Italian and Zizzi, have both appointed advisers amid the coronavirus pandemic. Restaurants have been severely impacted by the coronavirus outbreak and subsequent lockdown, which has resulted in an unprecedented drop in revenue. GBK has appointed Deloitte to advise on future options for [...]
Coronavirus: UK car registrations decline more than during 2008 financial crisis April 6, 2020 The total number of registrations of new cars fell 44.4 per cent in March, a steeper decline than during the financial crisis of 2008-2009, as car showrooms closed in line with the government’s guidance for tackling coronavirus. According to the Society of Motor Manufacturers and Traders (SMMT), 203,370 fewer cars were registered this year than [...]
Ethical capitalism can rebuild the world for the better August 3, 2020 The time has come for ethical capitalism — not as an optional extra, but as something that is critically important for consumer trust in business to flourish in the wake of the Covid-19 pandemic. The public is brassed off with businesses not paying their dues to society, and their voices are getting louder. They are [...]