Jamie Oliver bags £5.2m payday despite restaurant chain collapse September 30, 2019 Jamie Oliver took home £5.2m last year as his business empire suffered a slump in profit following the collapse of his restaurant chain. The chef’s food and media business increased sales to £43.5m in the year to December 2018, but pre-tax profit almost halved to £7.8m. Read more: SSP buys three Jamie Oliver restaurants saving [...]
It’s International Day of Persons with Disabilities, and we need more inclusion in society December 3, 2019 As I type, it is impossible not to be reminded that my ability to do so — as someone who is registered blind — is because of the typewriter’s role as a 200-year-old example of disability inclusion. Early iterations of what led to perhaps the most ubiquitously used invention in the world — the keyboard [...]
Founders need the stamina to run a marathon, not a sprint January 13, 2020 Who’d have thought it? Turns out that marathons are good for you. New research last week revealed that one of the best ways to reduce your cardiovascular age is to get your jogging shoes on and complete the mammoth test of endurance. This comes despite years of expert warnings that this type of exercise was [...]
Williams Formula One team owner considering sale of engineering arm August 31, 2019 The owner of the Williams Formula One team, Williams Grand Prix Holdings, is exploring the possibility of selling its engineering arm. The company has been approached by several parties looking to acquire Williams Advanced Engineering (WAE) and a sale could raise tens of millions of pounds for the racing team, according to Sky News. Read [...]
Recruiters warn City job hunters over old social media posts August 11, 2019 That embarrassing tweet you did and forgot all about five years ago could cost you a top job in the City, recruiters are now warning. Old social media posts could come back to haunt those that made them, with many financial employers starting to scrutinise Twitter and Facebook accounts as part of their jobs-vetting process. [...]
Sainsbury’s slips behind supermarket rivals after Asda merger blocked April 30, 2019 Sainsbury's sales fell behind those of rivals in the three months to the end of April, according to data released just a week after the supermarket's £7.3bn Asda merger was blocked. Sainsbury’s suffered a 1.2 per cent fall in sales compared to the same period last year, data group Kantar's statistics showed, while Aldi and Lidl [...]
Aldi targets London expansion as profit falls September 16, 2019 Aldi is planning to expand in London as the budget supermarket seeks new customers following a sharp drop in profit. The company said it will more than double the number of stores inside the M25 from 45 to 100 by the end of 2025 including new smaller “local” high street branches. Read more: Aldi champagne [...]
Major multi-national fraud probe into Airbus could settle this year May 23, 2019 Airbus could reach a settlement with British, French and US authorities in a long-running fraud investigation as soon as this year, sources with knowledge of the case told City A.M. The UK’s Serious Fraud Office (SFO) opened an investigation into Airbus’ use of third party consultants to win international aircraft orders in August 2016. French [...]
Sainsbury’s cuts market share decline as Aldi and Lidl soar June 25, 2019 Sainsbury’s has cut short the decline in its market share as discount rivals Aldi and Lidl continue to boost sales. Customer spend at Sainsbury’s dipped 0.6 per cent in the three months to 16 June, an improvement on the 1.2 per cent decline in the previous period following its failed merger with Asda. Read more: [...]
SFO cuts spending on lawyers as conviction rate falls July 28, 2019 The serious fraud office’s (SFO) spending on staff and external counsel fell last year, while its conviction rate crumbled to just over 53 per cent. The figures, released in the SFO’s annual report, show spending on staff fell 2.4 per cent to £30.6m last year, with spending on external counsel dropping 5.7 per cent to [...]