US private equity bowls over another London-listed operation December 6, 2023 Bowling operator Ten Entertainment Group is set to become the latest London-listed firm to fall into the hands of American private equity
BP boss Bernard Looney pledges to stick to plans for oil and gas output cuts September 5, 2023 BP boss Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year.
Mega rich splurge £1.3bn on office shopping spree around London September 5, 2023 The world’s mega rich are pouring their spare millions into offices around London, gobbling up £1.3bn worth of space in the last 12 months.
Shell to pay £400m in windfall taxes this year after bumper first quarter earnings May 4, 2023 Shell has confirmed it will pay just under £400m in windfall taxes this year, after bumper first-quarter profits.
Tax cuts won’t cut it; the new Tory leader must bring about innovation July 13, 2022 As I write, every candidate vying to be the next Conservative Party leader – with the exception of Rishi Sunak – has promised major tax cuts. In many ways this is welcome, as taxes can deter investment and increase the cost of living. During a time where families are struggling to make ends meet and [...]
Superdry boss: “I’m the right man for the job” September 3, 2023 “Would this company be here if I hadn’t come back? I don’t think it would," the Superdry founder has said in an interview
Complaints of sexism emerge around forced resignation of Natwest boss Alison Rose July 26, 2023 Complaints of sexism have emerged after Natwest boss Dame Alison Rose was forced to resigned late last night after admitting she was the source for an inaccurate BBC report on Nigel Farage’s Coutts account closure. Rose stepped down in the early hours of this morning after an extraordinary late-night board meeting – just hours after [...]
Asos confirms £350m credit facility as shoppers dial back spending October 15, 2022 Troubled fashion retailer Asos has today confirmed it is in the final stages of arranging a £350m credit facility with financial backers, as consumers dial back spending during the cost of living crisis. In a statement today, Asos said the credit facility, which matures in July 2024, would “significantly” boost its financial flexibility against the [...]
Energy firms say they want to do good, so why don’t they care about social mobility? December 13, 2022 The UK’s Big Six energy companies have raked in more than a billion pounds of profit as record hikes in bills force many families to choose between heating and eating this winter. Yet not a single one of them could be bothered to enter the country’s leading Index on how well employers are doing to [...]
Virgin Atlantic hits out at Heathrow ‘failings’ as high costs delay post-pandemic recovery May 10, 2023 Virgin Atlantic said today that challenges surrounding last years passenger cap at Heathrow and ongoing economic uncertainty affected its final year results, with the airline not expecting to return to profit in 2023. In its 2022 full year results, the airline highlighted “industry wide challenges,” such as July’s 100,000 passenger limit introduced at Heathrow and [...]