Peppa Pig and Teletubbies toy maker dumps its finance director September 15, 2017 Shares in toy company Character Group dropped more than three per cent today after the company ditched its finance director. An announcement this morning said that the firm’s board had “lost confidence” in Mark Dowding, the company secretary and group finance director. Read more: Is playtime over? Toys R Us explores bankruptcy Following a board [...]
Comptoir Libanais losses widen as casual dining sector is served further bad news September 15, 2017 The UK’s casual dining sector received more bad news this morning as the parent of Comptoir Libanais restaurants reported increased pre-tax losses. It follows similar results and warnings from several other businesses in the casual dining sector, all of which have warned on a difficult trading outlook, especially in parts of London. Read more: Out [...]
The Gym Group shares are up eight per cent after buying out Lifestyle Fitness sites September 15, 2017 Shares in The Gym Group, the only listed gym company, rose 8.5 per cent this morning after the company announced the acquisition of 18 additional sites for £20.5m. The acquisition from Lifestyle Fitness is set to double the number of new gyms opened by the group this year, adding to an existing 20 gyms in [...]
Gatwick boss Stewart Wingate in call for urgent certainty on Brexit as airline tickets begin to sell for 2019 September 15, 2017 Gatwick boss Stewart Wingate said yesterday he was confident that aviation was a top Brexit priority for the Department for Transport (DfT), but warned time was ticking and certainty was needed for the industry. Speaking at the London Infrastructure Summit, Wingate said he was satisfied that from a Brexit point of view, the DfT’s “number [...]
We need a catalyst to increase LGBT representation in business and leadership across the world September 14, 2017 Brace yourself. According to Business Insider, the average person will spend 90,000 hours of their life in the workplace. That is an awful lot of time, particularly if something integral to you is considered taboo. The LGBT movement has made a lot of progress in recent years and is gaining acceptance. Equal marriage rights have [...]
What does owning a share of freehold mean? Property legal Q&A September 14, 2017 Q: I am buying a flat with “a share of freehold”. There are six leaseholders who have set up a company to own the freehold. Will I own a freehold flat? The answer is no – you will not own a freehold flat. You buy the flat subject to the lease, which will contain obligations [...]
Mapped: Here are the 10 shortlisted Hyperloop One routes including Edinburgh to London and Glasgow to Liverpool September 14, 2017 Hyperloop One has announced 10 winners of the global challenge it set back in May last year, to identify the strongest potential routes in the world. It has carried out a close assessment of the proposals with a panel of infrastructure, tech, and transport experts scrutinising the details, and now 10 teams from five countries [...]
Private members empire Soho House, owner of the City of London’s Ned, reports swelling membership and revenues September 14, 2017 Private clubs empire Soho House today reported a swelling membership base and turnover. The firm, which launched the City of London’s Ned club alongside Sydell Group in April this year, today released its results for 2016. Founded in London in 1995, Soho House now owns private members’ clubs across Europe and North America. In 2016, [...]
AI’s threat to traditional banking models September 14, 2017 Artificial intelligence, machine learning, and the Internet of Things are now defining the future of our economy. The effect of these technologies, made possible by the colossal volumes of data we are able to collect and process, has been described as the “fourth industrial revolution”. There are hundreds of ways businesses can apply AI to [...]
Uefa president Aleksander Ceferin plans to get tough on financial fair play September 14, 2017 The head of European football, Uefa president Aleksander Ceferin, has warned that strengthening financial fair play (FFP) rules is among his top priorities for the next 12 months. Ceferin’s statement comes amid fresh debate over the future of the controversial regulations, following the record-breaking sums spent by Paris Saint-Germain on Brazil superstar Neymar and striking [...]