COP26: Is the City ready for its leading role in the fight against climate change? April 10, 2021 Windows were smashed at Barclays headquarters this week by climate activists who urged the bank to cut its climate destructive investments. Last week campaigners painted the Bank of England (BoE) black in a bid to raise the alarm on the institution’s funding of Big Oil. Where money goes within the City is under more scrutiny [...]
Axminster Carpets bought out of administration March 5, 2020 Axminster Carpets has been rescued after a group of private investors, including the previous owner, bought it out of administration. The business, which entered administration on 19 February, has been bought by ACL Carpets – a consortium of investors including the Dutfield family that previously owned the firm. The group is expected to be renamed [...]
CFOs hold increasingly pessimistic outlook amid backdrop of uncertainty November 14, 2019 Over a third of Europe’s finance chiefs feel gloomier about their companies’ prospects now than they did three months ago. According to accountancy group Deloitte, 36 per cent of Europe’s chief financial officers feel more pessimistic today than last quarter, underlining current concerns over the future of the global economy. Read more: UK businesses increasingly [...]
Hix Restaurants appoints administrators amid coronavirus crisis April 14, 2020 Chef Mark Hix has appointed administrators to his restaurant and hotel business due to the financial impact of the coronavirus crisis. Deloitte has been appointed as administrator to WSH and Mark Hix Restaurants, according to the company’s website. All staff have been made redundant and were not able to be paid through the government’s coronavirus [...]
The City View: ‘The state is weak where it should be strong and strong where it should be weak’ May 26, 2020 In this episode Christian is joined by Dr Rainer Zitelmann, a German economist, author, historian and sociologist, for a lively discussion about the role of the state during periods of crisis. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Dr Zitelmann feels the state has failed in basic areas such as crisis prevention yet remains overbearing in [...]
London transport freedom passes for all – but at what cost? September 11, 2020 Earlier this week it was reported that senior London business figures were pressing the mayor and Transport for London (TfL) to offer free travel on public transport to encourage the public, in their guise as potential consumers, to venture into the city and make free with their hard-earned pounds. Ewan Venters, CEO of Fortnum and [...]
Retail CVAs decline as landlords push back against plans January 8, 2020 The number of retailers using company voluntary arrangements (CVAs) to rescue their businesses slumped last year due to backlash from landlords, as administrations spiked in December. The use of CVAs declined 24 per cent from 38 in 2018 to 29 in 2019 as landlords increasingly push back against rent cut requests by struggling retailers. Read [...]
Why mental health at work matters May 19, 2020 Mental health affects us all. 9 in 10 employees have been touched by mental health challenges, either themselves or a family member, whether this is workplace stress or a significant illness (Accenture, It’s not 1in4; It’s all of us report, 2018). A problem shared is a problem halved – research shows that talking openly about [...]
London Book Fair cancelled over fears of coronavirus contagion March 4, 2020 London Book Fair 2020’s organisers have cancelled the event today “following the escalation of Covid-19 coronavirus in Europe”. Reed Exhibitions, which is a division of FTSE 100 publishing and events business Relx, said the event scheduled for 10-12 March at the London Olympia would now not take place. “The effects, actual and projected, of coronavirus [...]
Supercuts owner Regis UK calls in administrators October 24, 2019 Supercuts owner Regis UK has appointed administrators as the hair salon chain becomes the latest victim of a challenging retail environment. Regis UK, which trades under the Regis and Supercuts brands, entered insolvency yesterday and appointed Deloitte as administrator, Sky News reported. Read more: Supercuts owner Regis UK asks landlords to slash rents The move [...]