Matalan deal done but founder Hargreaves won’t be coming back January 16, 2023 A long-awaited debt-for-equity swap which will save retailer Matalan has been confirmed – but founder John Hargreaves, who has been around the business for forty years, will not be part of the new management structure. Hargreaves had tried to put a bid together with Elliot Advisers to take over the business. But a host of [...]
New Med pushes ahead with £277m Capricorn merger as shareholder revolt intensifies January 16, 2023 New Med Energy’s merger bid with British oil and gas operator Capricorn Energy is under increasing pressure from activists.
Brits switch to social media for music as concerts go meta, says Brit Awards sponsor Mastercard January 16, 2023 Younger Brits are more likely to get their music recommendations from social media with TikTok and Instagram the most popular platforms. According to a new report by Mastercard 56 per cent of those aged 16-24 found their favourite music online. The report by the Brits Awards sponsor claims social media is overtaking physical concerts and [...]
It’s Blue Monday, So Is It Time For A New Job? January 16, 2023 January is such a tough month in so many ways: you probably got paid before Christmas, meaning that your bank balance isn’t looking too healthy right now––and payday is ages away. The weather is dire, those endorphins depleted during the festivities are struggling to retain equilibrium, you’ve broken all your resolutions. The icing on the [...]
Davos: Energy prices will remain above pre-Covid levels but they will be less volatile says Equinor boss January 16, 2023 The boss of one of one of the world’s largest energy companies has warned that high energy prices are here to stay. Anders Opedal, CEO of Equinor – which is bigger than BP, made his comments ahead of the Davos World Economic Forum conference in Switzerland. Opedal, who was speaking on BBC Radio 4’s Today [...]
No Amigos: Controversial credit shop Amigo struggling to raise cash, firm says January 16, 2023 Beleaguered credit firm Amigo said it was struggling to raise cash from investors today as it scrambles to boost its balance sheet ahead of a planned full return to lending this year.
US-China tensions, tariff hikes and Russia sanctions force firms to look at ‘onshore’ supply chains January 16, 2023 Logistics executives increasingly believe top companies should look to bring their supply chains closer to home to avoid being impacted by trade wars, sanctions and other global shocks, a new survey has found. Supply chain managers increasingly see ‘onshoring’ and ‘near-shoring’ as a means of hedging against disruption to global trade caused by the Covid-19 [...]
Fintech: City minister Andrew Griffith says UK must “raise our aspirations” in growth race January 16, 2023 THE City minister Andrew Griffith has said it is time to raise the “aspirations” of the United Kingdom in order to create a more innovative, growing economy. Griffith, a former Sky exec, writes in City A.M. today that the “stunning success of UK fintech, which supports tens of thousands of jobs,” can provide a roadmap [...]
Gaucho to open Covent Garden restaurant as steak success continues January 16, 2023 COVENT GARDEN has been the home of ballerinas, opera singers and street performers for more than a century – and it will soon add Argentinian cowboys to its cast with the opening of a new outpost of steakhouse favourite Gaucho. The man behind the group, Rare Restaurants’ boss Martin Williams, told City A.M. he would [...]
The Notebook: Reforming the NHS, how the world got rich, and tax breaks for the over-50s January 16, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s the turn of John O’Connell, Chief Executive of the TaxPayers’ Alliance Reforming the NHS no longer so unsayable? As the NHS endures its annual winter crisis – before it moves into its inevitable summer crisis – thousands of doctors are reportedly [...]