Former boss launches legal action against struggling tech firm Ve Global November 24, 2019 The former head of Ve Global has launched a legal claim against the embattled tech company over a missed payment. David Marrinan-Hayes has lodged a winding-up petition against Ve Global over the company’s failure to pay a settlement linked to his departure in March, the Sunday Times reported. Read more: Interest in UK tech jobs [...]
General Election: Boris Johnson promises to ‘forge a new Britain’ post-Brexit November 24, 2019 Boris Johnson has promised a “pent-up tidal wave of investment” post-Brexit at today’s Conservative manifesto launch in order to “forge a new Britain”. The Prime Minister launched the party’s manifesto today in the marginal constituency of Telford, which promised £23bn of increased public spending and tax cuts. However, Johnson’s speech itself focussed heavily on the [...]
Bounce owner raises $20m for US expansion November 24, 2019 Social Entertainment Ventures (SEV), the owner of Bounce, Flight Club and Puttshack, has raised $20m to drive the expansion of its leisure brands across the US. The company will accelerate the roll-out of Flight Club, a darts bar concept, across the US, with its second venue set to open in Boston next month. Read more: [...]
Concerns mount over councils buying struggling retail properties November 24, 2019 The Treasury has attempted to guide local authorities away from a strategy of buying struggling retail properties over fears that the investments could force councils into bankruptcy. The rate at which local councils are able to borrow to invest was raised by one percentage point last week, as concerns mount over borrowing levels. Read more: [...]
Mitie sues Ministry of Justice over court cleaning contract November 24, 2019 Mitie is suing the Ministry of Justice over what is claims was a botched tendering process for a contract to clean and repair courts and tribunal buildings. The outsourcing giant has lodged a High Court claim after losing the contract to French rival Engie last month. Read more: Mitie’s clients hold back on spending until [...]
Sir Richard Branson to make a third bid for the National Lottery November 24, 2019 Sir Richard Branson will make a third attempt to wrest control of the National Lottery from incumbent Camelot, almost twenty years on from the last of his past efforts. The decision to enter the running to displace the Canadian company as the lottery operator reignites a rivalry that in the past led to a High [...]
KPMG to slash partner bonuses by up to 40 per cent November 24, 2019 Partners at KPMG are facing steep cuts to their bonuses as the accounting giant cuts costs in a bid to prepare for tighter regulation of its audit work. Partners’ bonuses – which can reach hundreds of thousands of pounds – are set to fall by as much as 40 per cent this year, according to [...]
Shoe retailer Clarks calls in consultants amid store closure fears November 24, 2019 Struggling footwear retailer Clarks has called in management consultants to conduct a review of the business. The family-owned business, which this month reported an £82.9m loss after tax for last year, has reportedly hired McKinsey & Co as it plots a restructuring plan amid fears of store closures. Read more: Taking the shine off: Clarks [...]
General Election: Conservatives surge in latest polling November 24, 2019 The Conservatives now lead by as much as 19 per cent in the latest election polling, with Labour failing to gain any momentum from its manifesto launch. Figures out today from Opinium/Observer have the Tories up to 47 per cent, Labour on 28 per cent, the Liberal Democrats on 12 per cent and the Brexit [...]
Boris Johnson to promise a ‘triple tax lock’ as Labour pledges another £58bn November 24, 2019 Boris Johnson will today pledge that a Conservative government will not raise income tax, national insurance or VAT in a bid to “put more money back in peoples pockets”. Johnson will make the announcement at the Tories’ manifesto launch today, where he will also commit to spend £3bn on a National Skills Fund to help [...]