Wagamama owner Restaurant Group swings to a loss on £115m writedown September 3, 2019 Restaurant Group plunged into the red as it recorded a loss for the first six months of 2019 following its controversial £559m takeover of pan-Asian chain Wagamama. The figures Revenue rocketed 58.2 per cent from £326.1m in the first half of 2018 to £515.9m in the first half of 2019. Restaurant Group fell to a [...]
Has WeWork destroyed SoftBank’s credibility? November 13, 2019 By John Colley at Warwick Business School Why is Japanese investment firm SoftBank investing a further $8 billion into WeWork, even though the office rental company is now valued at just $8 billion, and buying out founder Adam Neumann at a further cost of $1.7 billion? Forgetting SoftBank’s previous sunk investments in WeWork – which [...]
FTSE 100 ends week strong with biggest gain in two months April 6, 2019 The FTSE 100 ended the week strongly as it gained 0.61 per cent during Friday's session and saw its biggest weekly increase for two months. The index continued its six-month high, outshining its European peers despite the on-going Brexit saga. Optimism grew early on as US President Donald Trump said a deal to end the US-China [...]
Tory leadership candidate Hunt warns against ‘hardline Brexit approach’ June 1, 2019 Jeremy Hunt has warned against taking a “hard-line approach” to Brexit talks. The foreign secretary and Tory leadership candidate has suggested it would not resolve the current standoff with Brussels, but instead provoke a “hard-line response”. Read more: Sajid Javid rules out second referendum if he becomes Tory leader He is currently one of 12 [...]
The government’s pride over the Companies House saga completely misses the point | City A.M. April 5, 2018 As headlines go, this one – “Famous names falsely registered as directors at Companies House” – is hardly up there as the most striking. The article told how businessman Kevin Brewer became the first person to be successfully prosecuted for false filings with the Companies House platform. It disclosed how in 2013 he incorporated John [...]
US secretary of state Mike Pompeo to issue Huawei warning during UK visit May 8, 2019 US secretary of state Mike Pompeo is expected to warn Prime Minister Theresa May against allowing Huawei to build the UK’s 5G network during a meeting in London today. Pompeo is holding talks with May and foreign secretary Jeremy Hunt, and will make a speech on foreign policy ahead of US President Donald Trump’s state [...]
‘Doomsday narrative’: Sterling tanks to 28-month low on no-deal Brexit fears July 29, 2019 Sterling has fallen to its lowest point in over two years against the dollar after ministers in Prime Minister Boris Johnson’s new government made clear they were now assuming a no-deal Brexit. The pound had fallen 1.1 per cent against the dollar to buy $1.225 by 2pm UK time. Read more: Dominic Raab: Britain ‘turbo-charging’ [...]
House prices 2020: How will the UK property market fare next year? December 26, 2019 It’s been a rocky year for the property market, as protracted political uncertainty and affordability problems left house prices largely stagnant in London and across the UK. But with a resounding victory for Boris Johnson in the General Election earlier this month, and the prospect of an end to the Brexit saga in sight, 2020 [...]
Hargreaves Lansdown leads exodus from second Woodford fund June 13, 2019 Hargreaves Lansdown has led an exodus from Neil Woodford’s Income Focus fund adding to the trader’s woes following the suspension of his flagship investment vehicle. Woodford’s Income Focus fund has shrunk by more than £100m in less than two weeks, according to data from Morningstar. Read more: Woodford issues apology to suspended fund investors Assets [...]
Beware the rising threat of ‘onlyness’ in the office June 18, 2019 Countless times at work, I’ve thought to myself “is it just me?”, “am I invisible?”, or “surely that’s not right?”. And I’m not the only one who has wanted to raise a concern in the office but didn’t – in fact, there are millions of us in the same boat. Rungway’s market research recently found [...]