The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70
Betting big: Bingo giant Stride Gaming goes up for sale February 11, 2019 Leading online bingo operator Stride Gaming’s share price jumped eight per cent in morning trading after confirming reports that it is weighing up a potential sale of the company. The gambling firm, which owns brands such as Kitty Bingo and Lucky Pants Bingo, said today that it was mulling a sale as one strategic option, [...]
Iceland mulls bid for potential Sainsbury’s-Asda store sell-offs February 11, 2019 Frozen foods giant Iceland is mulling a move to snap up supermarket stores that Sainsbury’s and Asda could be forced to offload as part of their proposed tie-up. "We are looking at everything for sure," Iceland's managing director Richard Walker told the FT. "Food retail drives footfall and we are the only supermarket that is [...]
Activist investor Cat Rock turns up the heat after calling on Just Eat to start merger talks February 11, 2019 One of Just Eat’s major shareholders has urged the takeaway giant to start merger discussions with a "well-run industry peer" today, following the recent departure of boss Peter Plumb. Cat Rock Capital Management, which owns a 1.7 per cent stake in Just Eat, said that a tie-up for the online food delivery firm "would be a [...]
Mike Ashley throws accusations at administrator as he abandons bid for cake shop Patisserie Valerie February 11, 2019 Retail tycoon Mike Ashley has pulled his bid for scandal-hit Patisserie Valerie, lashing out with claims the cafe chain’s administrators withheld vital information. Ashley’s Sports Direct said today it was “reluctantly” withdrawing its bid to lift the struggling firm out of administration, just two days after the offer was tabled. Read more: Sports Direct makes [...]
One in 10 high street shops lie empty as retailers face spring reckoning February 10, 2019 The extent of the crisis facing UK retailers was laid bare this morning after new figures revealed one in 10 high street shops lie empty, while a string of upcoming cost increases could deal a death blow to struggling stores in the spring. Rising taxes and a shift to online shopping have ravaged British high [...]
SSP boss Kate Swann faces shareholder backlash over executive pay February 10, 2019 SSP chief executive Kate Swann is facing a shareholder rebellion over her £6.2m pay packet. Proxy advisor Glass Lewis recommended that investors vote against Swann’s remuneration package at a meeting later this month as the level exceeds the compensation received by chief executives at similar firms. Read more: City boss Kate Swann leaves SSP with 'petrol [...]
Pret A Manger reveals latest plans to help London’s homeless by providing them accommodation and employment February 9, 2019 Pret A Manger has announced a new initiative to help homeless people by providing them accommodation and employment to help them get back on their feet. The company has had a charitable wing, The Pret Foundation, since 1995 and continues to help the homeless by giving away unsold food – up to three million items [...]
Sir Philip Green accused of sexual and racial abuse and making £1m payouts in exchange for silence February 9, 2019 Topshop billionaire Sir Philip Green paid a female employee £1m to keep quiet after she accused him of kissing and groping her, according to a report in the Daily Telegraph. The paper alleges that Sir Philip called the senior female member of staff a “naughty girl” and made comments about her weight. It reported that [...]
Mike Ashley’s Sports Direct makes offer to rescue collapsed Patisserie Valerie February 9, 2019 Mike Ashley’s Sports Direct has made an offer to buy the collapsed café chain, Patisserie Valerie, which fell into administration last month. Sports Direct confirmed in a statement late on Friday that it had made an offer to buy the company but did not divulge any further details. Ashley, 54, is hoping to add to [...]
Ocado robot warehouse fire extinguished February 8, 2019 A major fire which has destroyed one of Ocado’s flagship robotics distribution centres has been extinguished this afternoon, putting an end to a three-day inferno at the firm's Andover site. The delivery giant's share price climbed three per cent today, recovering some losses in the blue-chip firm's stock value after investors feared for the firm's [...]