Matalan recruits ex-New Look boss as sale of fashion chain launched September 26, 2022 Matalan has brought in a former New Look chief as it announces the start of a strategic sales process. Nigel Oddy will join the fashion retailer as interim CEO from the start of next month, after leaving the high street chain in June. Oddy will help to deliver a growth strategy and reposition the brand [...]
Easyjet ends carbon offsetting scheme as it focuses on new aircraft technology September 26, 2022 Easyjet is ending its carbon offsetting scheme at the end of the year in favour of a multi-million-pound investment into new aircraft technology under its roadmap to net-zero by 2050. As part of the plan, older planes will be replaced with 168 new Airbus NEO, which are 15 per cent more efficient and 50 per [...]
Govt defends unlimited City bonuses: ‘Finance jobs should be in London, not in New York or Paris’ September 26, 2022 The government defended its intention to lift the bankers bonus cap this morning, saying it wants to protect and attract job creation in the City and Canary Wharf, rather than other finance hubs taking over. “We want finance jobs to be here, to be in London, not in New York or Paris,” said Work and Pensions [...]
Flexible the new normal as half of ALL Londoners now hybrid workers with pandemic routine ‘here to stay’ September 26, 2022 More than half of London’s workers are spending at least one day a week at home, according to new government figures shared with City A.M. this week. In a government survey of nearly 2000 firms in the city, 32.2 per cent said their workers were in the office one or two days a week, while [...]
Aldi: Low prices ‘more important to us than short term profit’ September 26, 2022 Discount Aldi has said it has seen an extra 1.5m customers switch to shopping at its supermarkets over the past three months. The supermarket was recently declared the country’s fourth biggest, knocking Morrisons down the list, according to Kantar data. In full-year results to the end of December 2021, the budget retailer posted an 87 [...]
David Beckham-backed esports firm signs big sponsorship deal with Sky September 26, 2022 David Beckham-backed Guild Esports has signed a huge sponsorship deal with Sky UK, in its larges agreement to date. The online gaming group signed a three-year agreement with the multi-media giant in the eighth revenue-generating deal signed by the firm since it floated on the London Stock Exchange. It is understood to be one of [...]
LV appoints former Bupa chief David Hynam to top job September 26, 2022 Insurance giant LV group announced this morning that former Bupa chief executive David Hynam would take over leadership of the firm after the departure of controversial chief Mark Hartigan at the end of this month.
LXi REIT’s £500m bid for Sainsbury’s stores collapses amid market volatility September 26, 2022 LXi REIT's proposed takeover of 18 Sainsbury's stores has collapsed after the group pulled out of a share issue.
Frasers set for further MySale bid after former chairman offloads stake September 26, 2022 Frasers is set to table another cash offer for Aussie fashion marketplace MySale after a top shareholder made an “irrevocable commitment” to offload his stake to the retail group, handing it 48 per cent control.
Music Magpie’s shares plummet after downgrading rebound hopes September 26, 2022 Electronics retailer Music Magpie has downgraded expectations for its performance in the second half of its financial year.