McColl’s still owes £45m to unsecured creditors following collapse June 19, 2023 Unsecured creditors to McColl’s are still owed £45m following the collapse of the convenience chain. The high street grocer and newsagent, which first launched as a food stall in the late 1800’s, was acquired by Morrisons for £182m with an extra £8m to be handed to unsecured creditors. Now an administration report seen by The [...]
Next share price up as it thanks sunny spells for raised profit guidance June 19, 2023 Next share price increased over four per cent this afternoon as the retailer raised its sales and profit guidance. The high-street favourite made the surprise announcement after it was bolstered by the arrival of warm weather – but warned that it does not expect the momentum to continue for the rest of the year. In [...]
How to visit actual James Bond locations with actual Bond girls June 19, 2023 WHAT IS IT: Your mission, 007, is for your next holiday to be to one of the iconic James Bond filming locations in Europe. Black Tomato has launched the ultimate trips of a lifetime for James Bond fans, a new range of excursions to destinations famous from the films, and depending on the trip, a [...]
Boohoo: Struggling retailer faces shareholder revolt over boss’s £650k bonus June 19, 2023 Boohoo is facing a shareholder revolt at its upcoming AGM this week as tension brews over hefty bonuses handed to executives. The Manchester-based fast-fashion business‘s share price fall 2.13 per cent this morning, after Institutional Shareholder Services (ISS) asked investors to oppose the pay report following a decision to hike bonuses. “tThere is no compelling [...]
Bitcoin and Ethereum take a breather after a busy week for crypto markets June 19, 2023 Bitcoin is sitting comfortably above $26k, while Ethereum’s Ether is trading in line and hovering around $1.7k this morning.
Coco-Cola HBC share price knocked after drinks giant snaps up vodka group for £172m June 19, 2023 Coca-Cola HBC, the bottler of Coca-Cola products, has seen its share price knocked after it revealed plans to snap up a Finland-based Vodka group for $220m (£172m). The soft-drink company’s latest move comes as it looks to expand its presence within the alcoholic drinks market, while already bottling popular Italian apéritif Aperol. Today it revealed [...]
BAT shakes up top team as it ploughs ahead with growth through cigarette alternatives June 19, 2023 Lucky Strike maker British American Tobacco (BAT) has shaken up top level management with a string o senior appointments – including a new chief operating officer. The rejuvenation of its top team follows the departure of the group’s ex chief executive Jack Bowels who was replaced by Tadu Marroco. Marroco, the firm’s former finance director [...]
EP: 207 Royal Ascot – Tuesday June 19, 2023 Three Group 1 races for us to enjoy on the first day of Royal Ascot as the best week of international racing gets underway on Tuesday. The Queen Anne, the King’s Stand and the St. James’s Palace Stakes all look to provide a great deal of excitement for flat racing fans, and we get to [...]
The Punter Summary Podcast 20 June June 19, 2023 Here’s your chance to hear all of City AM racing editor Bill Esdaile’s best racing tips for Tuesday at Royal Ascot in a short summary episode of ‘The Punter Podcast’ alongside Chris Barnett. The full preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting [...]
Online retail firms in trouble as punters turn back to the high street June 19, 2023 E-commerce retailers which were bolstered by Brits stuck at home during the pandemic are now going bust, a new report shows, as the cost of living crisis continues to eat away at businesses. The number of insolvencies of UK e-commerce businesses rose 71 per cent to 529 in the past year, up from 309 in [...]