Sazka backs move to increase age to play UK lottery, in battle with Camelot to run gambling December 7, 2020 Sazka backs move to increase age to play UK lottery, in battle with Camelot to run gambling
Are supermarkets right to return their business rates relief to the Treasury? December 7, 2020 Are the big supermarkets right to return their business rates relief to the Treasury? Josh Williams, speechwriter and managing director at The Draft, says YES. Doing well in a crisis is a risky business. There is a thin line between those who turn a profit and those who profiteer. The supermarkets have had a good [...]
Mike Ashley’s Frasers Group eyes last minute rescue of Debenhams December 6, 2020 Billionaire retail tycoon Mike Ashley is reportedly trying to rescue Debenhams in a bid that could save 12,000 jobs. Ashley, who founded retail giant Frasers Group and was previously a major Debenhams shareholder, is reportedly trying to thrash out a deal that would see the retailer valued at more than £200m. The retailer went into [...]
Drink up to help out: The gin raising funds for hospitality December 5, 2020 Even with the lifting of the second national lockdown enabling some bars and pubs to reopen this week, hospitality remains one of the sectors worst affected by Covid restrictions. Hospitality Gin is a not-for-profit gin brand created to support the industry during the pandemic, offering the drinking public the opportunity to order in to help [...]
Lidl pays back £100m in business rates relief December 4, 2020 Budget supermarket Lidl has joined the Covid repayment train in announcing it will pay back millions in business rates relief it received at the start of the pandemic. In March, the supermarket sector along with other retail, hospitality and leisure businesses in England, was granted a business rates holiday for 12 months. Lidl today said [...]
Pets at Home becomes latest retailer to return business rates relief December 4, 2020 Pets at Home has joined the Covid repayment train and joins some of the UK’s biggest retailers in handing back millions of pounds in business rates relief. In March, all retail, hospitality and leisure businesses in England were given a business rates holiday for 12 months. But after a bumper year of sales on the [...]
Rising private equity star on making it in the City as a woman in 2020 December 3, 2020 Diversity and equality are increasingly on the radar of City firms. Serious priorities or mere marketing spiel? City A.M.‘s Michiel Willems sat down with Sunaina Sinha Haldea, founder and CEO of Cebile Capital, a London-based placement agent and secondaries advisor in private equity and infrastructure. The Harvard graduate is also an angel investor and serves [...]
Collapsed Debenhams claimed £40.5m of taxpayer cash via furlough scheme December 3, 2020 Collapsed Debenhams claimed £40.5m of taxpayer cash via furlough scheme
Asda joins ranks of supermarkets set to return business rates relief December 3, 2020 Asda has joined the growing number of UK supermarkets to hand back business rates relief given by the government to help it through the coronavirus crisis. This afternoon the grocer confirmed that it would repay £340m in emergency support – the fifth supermarket to make such a pledge. Since Tesco first announced it would give [...]
Tesco CEO: Movement of product is the biggest Brexit issue December 3, 2020 The movement of products across borders is the biggest issue facing supermarkets because of Brexit, not food price inflation, the chief executive of Tesco has said. Speaking on Sky News today, CEO Ken Murphy said: “The biggest challenge we face really is the movement of product between borders, the movement of product between Great Britain [...]