City Moves for 3 January – who’s switching jobs at Evox, DAZN and Square Mile? January 2, 2019 Who’s starting the New Year in a new role? Evox Evox Therapeutics , a leading exosome therapeutics company, is pleased to announce the appointment of Dr Edwin Moses as non-executive chairman. Edwin will bring a wealth of experience to Evox, as the Company continues to grow its pipeline of pioneering exosome-based therapeutics. Edwin is a [...]
Why 2019 will not mark the death of the high street January 2, 2019 When HMV went into administration in 2013, disgruntled employees used the retailer’s Twitter account to give live updates of the “mass execution” at the beleaguered music firm. However, ahead of last week’s announcement that the the 97-year-old business was collapsing for a second time, passwords for all its social media accounts were changed to avoid [...]
Scottish Power goes with the wind as Drax Group completes takeover of portfolio January 2, 2019 Drax Group has completed its £702m takeover of power plants from Scottish Power as the company moves towards ending its coal-based production before 2025. The deal, which was first announced in October, sees Drax take control of the Cruachan pumped storage hydro facility and a plant which turns waste into biomass. The plants have helped [...]
Sausage roll-out: Greggs launches vegan version of pastry treat January 2, 2019 Pastry-loving vegans have cause for celebration tomorrow as Greggs the bakers rolls out a plant-based version of its most iconic snack. Vegan sausage rolls will be on sale in 950 Greggs shops from tomorrow in time for the Veganuary campaign which encourages people to cut out animal products in January. The rolls have 96 layers [...]
Rail firms have paid out more than £1bn in shareholder dividends over last six years, says TUC union January 2, 2019 Rail firms have paid over £1bn to shareholders in last six years, according to trade union analysis on the same day that a 3.1 per cent hike in fares was announced for passengers. The fare increase, set under the retail price index (RPI), will see many rail season tickets increase by more than £100. According to [...]
Netflix to appoint former Activision exec as new finance chief January 2, 2019 Netflix has appointed a new finance chief to its executive team, filling a four-month-long hole left by the role's former occupant David Wells. The streaming service said it has hired Spencer Neumann for the position, a veteran media executive who was most recently the chief financial officer for gaming firm Activision Blizzard. As first reported by Reuters, Neumann [...]
What do a scarecrow, a five foot chocolate Easter bunny and a glass eye have in common? January 2, 2019 Budget hotel brand Travelodge said today that weird and wacky items customers had left behind in its rooms last year included a blue eyed cockatoo called Brexit, a five foot teddy bear made of popcorn and a doggy throne. The hotel chain said pet owners had been particularly forgetful with three butterfly tail fish named [...]
Global stock markets stumble into New Year as investors spooked by economic fears in China and US January 2, 2019 Stock markets staged a recovery this afternoon after economic fears continued to weigh on both the FTSE and Wall Street into 2019 after they recorded 10-year lows in 2018. The FTSE 100 recovered to close 0.04 per cent down after an initial 1.8 per cent fall, and Wall Street also rallied after tumbling as it opened, spooked [...]
Rio Tinto delays bonuses for its former boss amid Guinea probe January 2, 2019 Rio Tinto will yet again delay bonus payments to its former chief executive amid concerns over $10.5m (£8.3m) paid to a consultant on an African mining project. The payouts to ex-boss Sam Walsh were first postponed in 2017 when Rio Tinto said it would delay his bonuses for at least two years. Payments of $10.5m [...]
Greenwoods becomes latest retailer to close amid high street gloom January 2, 2019 Northern menswear shop Greenwoods has become the latest retailer to close its doors amid tough trading conditions on the high street. The Yorkshire-based chain, which was founded in 1860, has fallen into liquidation with the loss of more than 100 jobs, just 18 months after it was bought out of administration. A notice posted on [...]