Footwear retailer Office’s chief executive quits after one year November 21, 2019 The chief executive of high street footwear retailer Office has stepped down after just a year in the role. Lorenzo Moretti has resigned after joining the company in December last year from his role as Sonos vice president of global retail. Read more: Office set to close up to half its 100 UK stores He [...]
Outlook for German banks downgraded to negative by Moody’s November 21, 2019 Germany’s banking outlook has been slashed by credit ratings agency Moody’s amid concerns over the current low interest rate environment. Moody’s has cut its forecast from stable to negative for the country’s lenders, adding that their profitability and overall creditworthiness will likely decline over the next 12 to 18 months. Read more: Challenger banks yet [...]
Countryside reports profit jump as CEO announces exit November 21, 2019 UK housebuilder Countryside Properties reported a jump in profits as it announced chief executive Ian Sutcliffe is set to step down next year. The figures The developer said profit for the year ended 30 September was £168.4m, up from £148.6m the previous year. Read more: Poll: UK house prices won’t match low inflation until 2021 [...]
Labour’s ‘self-destructive’ manifesto will drive billions away from UK, business groups warn November 21, 2019 Labour’s “self-destructive” manifesto will drive billions out of the UK, leaving everyone in the country poorer, business groups, lawyers and think tanks have warned. Jeremy Corbyn unveiled his “radical” vision for how a Labour government would tackle inequalities in Birmingham earlier today. Among the changes revealed in the manifesto in order to fund £83bn of [...]
From Greggs to Franco Manca: Britain’s favourite restaurants revealed November 21, 2019 A breakdown of Britain’s favourite restaurants by region is indicative of the greater cultural divide within the country. Even the difference in outer and inner London is telling. Read more: On a roll: Greggs upgrades profit forecast as sales increase A YouGov poll showed Inner London’s favourite restaurant is the trendy Mexican chain Wahaca, while [...]
Labour manifesto: Capital gains tax hike to fund £83bn spending spree November 21, 2019 Jeremy Corbyn is planning a raid on the UK’s higher earners as part of plans to fund its commitment for nearly £83bn on day-to-day spending, the Labour manifesto revealed today. In what Corbyn dubbed a “radical” manifesto, launched in Birmingham today, he revealed that a Labour government would change how capital is taxed, bringing it [...]
Revealed: These are buyers’ top priorities when looking for their next home November 21, 2019 UK house hunters consider a car parking space and a garden to be the top priorities when searching for a new home, according to new research. “Garage” and “parking” were the first and third most searched terms online by potential property buyers. Read more: London house prices suffer biggest annual drop in England Meanwhile, “garden” [...]
MUFG likely to deny Softbank loan over Wework bailout November 21, 2019 Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, is reportedly likely to withhold additional loans from Softbank to finance the conglomerate’s $9.5bn (£7.3bn) rescue package for struggling office space firm Wework. Softbank has asked for around ¥300bn (£2.1bn) additional loans for Japan’s three megabanks – MUFG, Mizuho Financial Group and Sumitomo Mitsui Financial Group – [...]
Buckingham Palace confirms Prince Andrew will continue to work on Pitch@Palace scheme November 21, 2019 Buckingham Palace this morning confirmed that Prince Andrew will continue to work on his Pitch@Palace initiative, as was first reported by City A.M. last night. A source close to Pitch@Palace told City A.M. that it was “business as usual” at the programme, which connects entrepreneurs with investors. Read more: Entrepreneurs back Pitch@Palace as pressure grows [...]
Former Scottish First Minister Alex Salmond appears in court to face attempted rape charges November 21, 2019 Former Scotland First Minister Alex Salmond has appeared in court this morning to face 14 sexual assault charges against 10 women. Among the charges read out in the preliminary hearing is an allegation that the former SNP leader tried to rape a woman at his official First Minister residence. Read more: Alex Salmond charged with [...]