Bronze sculpture of poet John Keats to be unveiled in London Culture English poet John Keats will be immortalised in a bronze sculpture, unveiled near his birthplace in Moorgate next week, it has been revealed. A public sculpture forged by sculptor Martin Jennings will be revealed on 31 October, in the heart of the City of London, a short distance from his birthplace on what would have [...]
Boohoo hits back at Frasers after bid to install Mike Ashley as chief Business Boohoo has hit back at Mike Ashley’s Frasers Group after the retailer sent out an open letter yesterday vowing to install him as its new chief. The fast-fashion giant said it was making the announcement to issue “clarification” on matters raised by Frasers yesterday, including accusations of “long-term mismanagement” which has led to “value destruction“. [...]
Gattaca: Recruiter posts small profit amid industry troubles Recruiter Gattaca has posted a small profit amid growing challenges in the recruitment industry. The London-listed firm recorded revenue of £389.5m for the fiscal year ended 31 July 2024, up from £382.1m last year. However, earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell by around half. Its underlying profit before tax sat at £2.9m, [...]
Harry Potter keeps flying off shelves as Bloomsbury breaks records October 24, 2024 Sarah J. Maas and the still-popular JK Rowling Harry Potter books are set to help publisher Bloomsbury beat expectations, it was announced this morning. In its results for the six months to 31 August, the publishing house told markets consumer revenue was up 47 per cent to £131.3m for the half year, up from £89.4m, [...]
Frasers wants to make Mike Ashley chief of Boohoo after ‘mismanagement and value destruction’ October 24, 2024 Frasers Group wants to appoint its boss Mike Ashley as the chief executive of fast fashion brand Boohoo, citing “long-term mismanagement” which has led to “value destruction“. The Mike Ashley-owned company wrote to the board of Boohoo this morning, saying the group was suffering from a “leadership crisis”. In a message to markets this morning, [...]
London Underground workers in Aslef and RMT vote to strike next month October 16, 2024 London Underground drivers will walk out next month, bringing chaos to the capital in a protest over pay and working conditions. Members of the Aslef union voted overwhelmingly to walk out on a number of dates in November, before RMT members backed strikes shortly after. Train operators and management grades will not work on 7 [...]
Brewdog founder James Watt on Britain’s ‘existential’ debt crisis October 11, 2024 Founder of beer chain Brewdog has warned Britain’s political system faces an “existential crisis”, and has offered a solution to get on top of it. James Watt took to LinkedIn to vent his frustration at the levels of debt being serviced in the UK economy at the moment, which makes it “impossible for us to [...]
Starmer appoints former Darktrace boss as new investment minister in ‘scaled up’ department October 11, 2024 Prime Minister Keir Starmer has announced the government’s new investment minister after more than 100 days in office, amid criticism from City groups it took too long. Former Darktrace chief executive Poppy Gustafsson has been appointed to the role, taking charge of the ‘scaled up’ Office for Investment. The appointment is part of what the government [...]
TSB Bank handed huge fine for failing customers in arrears October 10, 2024 The financial watchdog has fined bank TSB almost £11m over its treatment of customers, but the penalty could have been even worse. TSB Bank will have to pay £10,910,500 after the Financial Conduct Authority (FCA) found it had failed to ensure customers in arrears were treated fairly. The FCA said it also didn’t have sufficient [...]
British ‘godfather of AI’ awarded Nobel prize but warns tech could ‘get out of control’ October 8, 2024 A British scientist dubbed the ‘godfather of AI’ has been honoured with a Nobel Prize in Physics, but warned of the “existential risk” it posed if technology gets “out of control”. Professor Geoffrey Hinton, born in the UK and a professor at the University of Toronto in Canada, said he was extremely surprised to be [...]
