DEBATE: Should shut down Deliveroo’s delivery-only kitchens? June 12, 2019 Are local councils right to shut down delivery-only kitchens operated by Deliveroo? One such “dark kitchen” is under investigation in Swiss Cottage. Paula Higgins, chief executive of the HomeOwners Alliance, says YES. If councils find that Deliveroo is operating illegally in particular locations and bypassing planning rules, they are right to shut down these so-called [...]
Reckitt Benckiser picks Pepsico executive for top job June 12, 2019 Pepsico’s chief commercial officer Laxman Narasimhan has been appointed as the new chief executive of Reckitt Benckiser, beating a selection of internal candidates. Narasimhan will join the consumer goods company, which owns brands such as Dettol and Nurofen, as an executive director from 16 July before succeeding Rakesh Kapoor as group chief executive on 1 [...]
Company Voluntary Anxiety: Retailers’ favoured rescue tool under fire June 12, 2019 SIR PHILIP Green’s fashion group Arcadia and department store chain Debenhams face renewed opposition to their restructuring efforts as the role of a controversial rescue mechanism comes under growing pressure. The future of Green’s retail empire hangs in the balance after it emerged yesterday that shopping centre owner Intu plans to vote against the firm’s company [...]
The rental economy is blossoming, but it could spell trouble for manufacturers June 12, 2019 My son recently had a holiday in Greece. His experience at Gatwick airport made it particularly interesting – which is possibly the first time that phrase has ever been written. He drove to the airport and his car was picked up, not by a valet service, but by a company which will rent your car [...]
Government plan sets UK on track to cut emissions to zero by 2050 June 11, 2019 Parties and campaign groups praised the Prime Minister as she today announced a plan to eliminate Britain’s contribution to global warming by mid-century. A government bill, introduced tomorrow, will put Britain on a path more ambitious than any other G7 economy. It calls for the country to reach net zero emissions by 2050. “This is [...]
Labour launches plan to make ‘no deal’ Brexit illegal June 11, 2019 Labour are set to launch an audacious bid to make it illegal for the UK to leave the EU without a Brexit deal. The party will force a vote in parliament on Wednesday afternoon to make it possible for MPs to introduce legislation on 25 June ruling out a ‘no deal’ Brexit. The plan has [...]
Tory leadership hopeful Rory Stewart: I can beat Boris and I will stick up for the City of London June 11, 2019 Rory Stewart may have walked through the Afghanistan desert, written several books and even served as a deputy governor in Iraq during the war, but the greatest challenge of his career to date could be far closer to home: beating Boris Johnson. The international development secretary’s softer stance on Brexit and conciliatory approach has forced [...]
Hong Kong Horse Racing Tips: Lor and Chan have the Spirit to bloom on the all-weather June 11, 2019 TRAINER Me Tsui is synonymous with all-weather racing in Hong Kong. The 58-year-old local handler has been known for so long as the ‘Dirt King’ in the territory, and rightfully so. This season alone, Tsui has saddled a dozen winners on the surface, including an incredible 11 wins and 10 places from just 46 runners [...]
Mining stocks pull up FTSE 100 June 11, 2019 Mining giants helped push up the FTSE 100 this morning as China announced increased local government spending. The miners were also boosted by Chinese iron prices which jumped by nearly six per cent in today’s trade. Evraz, Antofagasta, Rio Tinto, Gencore and BHP rose between two and four per cent each. They were all among [...]
Sports Direct launches legal challenge to Debenhams restructuring plan June 11, 2019 Retail tycoon Mike Ashley has launched an audacious legal challenge to stall the turnaround plan at Debenhams, reigniting a bitter feud for control of the high street retailer. The embattled department store chain confirmed today that it has received challenges to its company voluntary arrangements (CVA) from parties including Sports Direct, the budget sportswear retailer [...]