Who owns Crystal Palace now? How much did John Textor, Josh Harris and David Blitzer and his co-owners pay? December 8, 2023 All you need to know about who owns Crystal Palace.
US hedgie Citadel makes big bet on London with space in another new skyscraper April 18, 2024 Three-quarters of a million square feet of workspace will be available for returning City workers with the deal, as a pre-let agreement has secured at least a third of the space already.
Sainsbury’s mulls sale of banking division October 31, 2020 The new Sainsbury’s boss is reportedly planning a sale of the supermarket’s banking arm as the impact of near-zero interest rates hit. The supermarket launched the bank in 1997 and now boasts more than 2m customers across a range of products including mortgages, home insurance and credit cards. But medium-sized banks are facing pressure as [...]
Princes: Branston, Batchelors’ and Flora maker sold to Italian giant in £700m deal May 27, 2024 Food and drink group Princes is to be acquired by an Italian giant in a deal worth £700m, it has been confirmed.
Sainsbury’s to forgo business rates relief December 3, 2020 Sainsbury’s has decided to forgo the business rates relief on its stores granted by the government since March. Lockdown restrictions have remained in place for longer than originally expected and throughout the pandemic all Sainsbury’s stores have been deemed essential retail. Almost all have been open and trading strongly, with the exception of a small [...]
Rebels pull off City coup as Chris Sherwell is forced out as chairman of fund set up by Brooklyn Beckham’s father-in-law August 8, 2022 In a disagreement over the company’s future, the chairman of an investment fund founded by Brooklyn Beckham’s father-in-law has been ousted by rebel shareholders. A small majority of investors voted for a motion to remove Chris Sherwell from his position on the Trian Investors 1 board. “At a requisitioned EGM (extraordinary general meeting) of the [...]
Sainsbury’s bags Christmas sales rise after online shopping boost January 7, 2021 Sainsbury’s today posted a strong rise in sales over Christmas as a record number of customers bought their shopping online. The supermarket chain said like-for-like sales were up 9.1 per cent during the festive period, despite people holding smaller gatherings due to lockdown measures. The company said it sold smaller turkeys and more beef and [...]
Pressure mounts on Sunak over planned six per cent rise in corporation tax February 20, 2023 Prime minister Rishi Sunak is facing down the prospect of a rebellion over next month’s budget as renewed pressure mounts over a planned increase in corporation tax increase. Seven top Tory backbenchers and business owners including Wetherspoons boss Tim Martin have urged Sunak and chancellor Jeremy Hunt to scrap the planned six per cent rise. [...]
Sainsbury’s to slash 3,500 jobs and close Argos stores November 5, 2020 Sainsbury's will cut 3,500 jobs and close 420 Argos sites, as the firm posted a £137m loss for the first half of the year.
Why Suez Canal disruption may not have a huge impact on inflation January 15, 2024 Disruption in the Suez Canal has caused widespread concern over the impact on inflation. However, the cause of those fears might not be justified.