Deliveroo: Riders expose ‘grim reality’ of business ahead of AGM May 24, 2023 A storm of Deliveroo riders will demonstrate before the company’s AGM this morning to expose the alleged “grim reality” of working within London’s gig economy and rally for better pay and working conditions. Trade bodies, ShareAction and IWGB, which represent the workers are also coordinating Deliveroo riders to attend the company’s AGM, where they will [...]
Gaucho owner posts record-breaking results ahead of new Covent Garden opening May 23, 2023 The business behind leading Argentinian Steak Restaurant Gaucho has posted “record-breaking” earnings for the year as the group shrugged off inflationary pressures and strike action that disrupted business during the year. Rare Restaurants, which also owns the M and Crane Tap restaurants, posted turnover of £73.5m for the year, up 38 per cent from 2022, [...]
TRG: Nearly half of shareholders vote against chief’s hefty pay as tension with investors grows May 23, 2023 Shareholders dealt a major blow to The Restaurant Group (TRG) chief Andy Hornby today after large numbers voted against bosses latest pay packets. Hornby was stung by shareholders in the Wagamama’s owner after 46 per cent voted against the company’s pay report for last year at the firm’s annual general meeting in London. Hornsby received [...]
Bank of England governor Andrew Bailey and chief wonk Huw Pill admit they botched inflation forecasts May 23, 2023 Top officials at the Bank of England today admitted they have undershot the strength of inflation, with governor Andrew Bailey confessing the central bank has some “very big” lessons to learn over how it sets interest rates. MPs on the influential treasury select committee slammed members of the monetary policy committee (MPC) for failing to [...]
3 Finance Jobs That Pay Over £100k May 23, 2023 | Sponsored Did you know that in London, the average price of a cup of coffee is £2.55? That’s according to research from price comparison website Compare The Market. The study also found that the most expensive place to buy a coffee in London is Selfridges, but the cheapest is at Pret. It can be an expensive [...]
British American Tobacco investors call on new chief to launch ‘aggressive’ share buybacks May 23, 2023 Investors in British American Tobacco (BAT) are reportedly calling on its new chief executive to launch an “aggressive” share buyback programme to accelerate the return of capital to shareholders and boost the cigarette maker’s dwindling share price, which has fallen 18 per cent since the start of this year. BAT launched a £2bn stock repurchase [...]
The Royal Garden Hotel review: Overhearing Kensington locals at lunch May 23, 2023 New bedrooms paying homage to nature, inspired by Kensington Gardens, inspired Adam Bloodworth to check into the Royal Garden Hotel From my breakfast table at the Royal Garden Hotel I overlook the private entrance to Kensington Palace formerly used daily by Kate and Wills. It’s so close I can almost smell the petrol fumes. So [...]
Mike Ashley seeks to join Mulberry’s board as he tires of firm’s poor sales May 23, 2023 Sportswear tycoon Mike Ashley is reportedly set to muscle his way onto the board of luxury brand Mulberry as he grows increasing tired of the company’s poor sales performance. Ashley’s Frasers Group owns a 37 per cent stake in Mulberry, but the brand is ultimately controlled by Malaysian billionaire Ong Beng Seng and his wife [...]
A-List celebrities planned to ‘ambush’ Phillip Schofield live on This Morning, report claims May 23, 2023 At least four A-List actors and well-known TV faces had planned to “ambush” Phillip Schofield live on This Morning with allegations about his behaviour, a new report claims. It has not been made clear exactly what happened between Schofield and Holly Willoughby to put their relationship on the rocks, although reports claim Willoughby was “deeply [...]
Bitcoin sparks into life after a week of stagnation in crypto markets May 23, 2023 Bitcoin is up 1.7% since yesterday and trading above $27k as BTC spot trading volumes surged by almost 40%.