Bed Bath and Beyond CFO falls to his death in New York after mass closures and layoffs September 5, 2022 The chief financial officer of American retailer Bed Bath & Beyond Inc fell to his death from a New York skyscraper. Gustavo Arnal, 52, who previously worked as CFO for London-based cosmetics brand Avon, died on Friday in wake of the company closing stores and laying off workers. New York police responded to reports he [...]
Liz Truss weighs up £100bn plan to freeze record energy bills September 5, 2022 Liz Truss is expected to unveil a vast support package to deal with surging energy costs, as first reported in The Times.
Dechra sets sights on expansion with two major deals and South Korean subsidiary September 5, 2022 Veterinary business Dechra has its sights set on expansion after setting up a new subsidiary in South Korea and injecting nearly £400m on acquisitions this summer alone. “We have continued to progress on all aspects of our strategy; the product development pipeline was strengthened, material acquisitions were completed post year-end and a new subsidiary was [...]
Shelling Out: Shell confirms bumper pay-outs to shareholders September 5, 2022 Shell has confirmed shareholders will be able to take dividends in euros and pounds, alongside dollars, after its massive Q2 performance.
Brewdog boss calls for emergency tax relief as pubs stare down ‘existential threat’ of high bills September 5, 2022 Brewdog CEO James Watt has called for emergency tax relief for the hospitality industry as pubs battle the “genuinely existential threat” of rising energy bills. Last week, the Scottish brewer and bar group announced it would be closing six outlets across the UK, including three in London, due to elevated headwinds. The situation facing pubs [...]
Vistry swoops in with £1.25bn bid for rival Countryside September 5, 2022 Housebuilders Vistry and Countryside are expected to push ahead with a £1.25bn merger, the boards of both companies said today. The cash and shares offer is based upon Vistry’s closing share price of 741p as of 2 September, and represents a more than nine per cent premium on Countryside’s closing price of 228p on the [...]
Property franchise the Belvoir group has uptick in revenue built on lettings September 5, 2022 Property franchise the Belvoir group’s revenue was up 12 per cent in the first half of the year driven by the continued high demand for lettings. The firm, which also runs financial services, made £15.4m up until June, up from £13.8m in the same period last year. Its gross profits was dominated by 60 per [...]
‘Brexit’s biggest rewards’: New data bill makes way through parliament September 5, 2022 New data reforms, which digital secretary Nadine Dorries reckons will be “one of Brexit’s biggest rewards”, is set to be debated in parliament today. Under the Data Protection and Digital Information Bill, firms will be given the flexibility to protect personal data in more proportionate ways rather than forcing them to follow the same processes [...]
UK in the running for £7bn lithium battery gigafactory among European peers September 5, 2022 The UK is in the running for an $8bn (£6.9bn) lithium battery gigafactory, squaring up to European peers in the race to cultivate healthy electric vehicle industries locally. The global energy transition has prompted countries, such as the UK, the US and Germany, to double down on their support for domestic electric vehicle markets. The [...]
Brits ditch the loungewear and head back to the office: John Lewis September 5, 2022 Non-wired bras, velour tracksuits, jigsaws and wall-mounted desks have fallen out of favour with British shoppers as they put the lockdown lifestyle behind them, annual John Lewis sales figures suggest. The retailer’s annual How We Shop, Live And Look report suggests customers are “casting off the trappings of a life in lockdown” with sales of [...]