UK fashion brand Karen Millen hoists for sale sign June 27, 2019 British fashion brand Karen Millen is set to be sold by its Icelandic owners. Sky News reported that advisers to Kaupthing, one of the Icelandic banks that collapsed during the financial crisis, are set to begin formal talks with potential bidders for Karen Millen in the next few days. The sale process is being led [...]
Autonomy finance chief ‘too scared’ to face analyst calls, fraud trial hears June 27, 2019 Ex-Autonomy finance chief Sushovan Hussain was too scared to face analyst scrutiny following the software firm’s quarterly results a decade ago, a court heard as his former boss Mike Lynch was cross-examined over an alleged $5.1bn fraud. Lynch, the founder of Autonomy, and Hussain are being sued by Hewlett Packard (HP) in the UK’s biggest [...]
Reforms to planning and Help-to-Buy unveiled by government June 27, 2019 A shake-up of Britain’s planning system that will let councils approve applications more quickly and enforce tougher Help to Buy rules on developers was unveiled today. Housing secretary James Brokenshire has revealed plans to introduce new quality controls on housebuilders, while also pledging to prevent developers from selling leasehold houses through its Help to Buy [...]
Vauxhall says building new Astra in the UK contingent on final Brexit deal June 27, 2019 Car manufacturer Groupe PSA said today it will build the new Vauxhall Astra in the UK, but said the decision was conditional on the terms of Brexit. PSA said the new Astra would be manufactured at Ellesmere Port in Cheshire and at Russelsheim in Germany. In a statement the company said: “The decision on the [...]
‘Hurt and angry’ Labour MPs call on Jeremy Corbyn to sack Chris Williamson June 27, 2019 More than 90 Labour MPs and peers have called on Jeremy Corbyn to sack an MP readmitted to the party following a row over antisemitism. Derby North MP Chris Williamson was suspended by the party in February after he was filmed saying Labour had been “too apologetic” amid claims of antisemitic comments from a number [...]
Oxford University strikes £4bn partnership with Legal & General June 27, 2019 Legal & General has signed a £4bn partnership deal with Oxford University in its latest bid to tap into the growing market of student accommodation. The property giant has struck a 10-year partnership with the country’s oldest university as part of a plan to deliver 1000 subsidised home for university and college staff, 1000 units [...]
Boots posts drop in UK quarterly sales amid tough trading conditions June 27, 2019 The parent owner of Boots, Britain’s largest chain of chemists, has posted a drop in UK quarterly sales amid challenging high street conditions. Walgreens Boots Alliance (WBA) posted a 1.6 per cent drop in sales during the three months to the end of May, spurred on by a one per cent decline in its troubled [...]
Gambling firms fork out £19.6m in record year for fines June 27, 2019 UK gambling firms paid out a record £19.6m in penalties last year for failing to protect problem gamblers and crack down on money laundering. The largest fine was handed down to online gambling firm Daub Alderney, which was ordered to pay £7.1m for falling foul of strict rules laid out by the gambling watchdog. Read [...]
Top UK brands at risk as adverts still appear next to harmful material June 27, 2019 Campaigns by two-thirds of the UK’s top 100 advertisers are appearing in places considered to be harmful for the brand’s reputation, a new report has revealed. A study published by media consultancy firm Ebiquity revealed 65 per cent of the UK’s top advertisers had been exposed to potentially non-brand safe environments in the first quarter [...]
Ford to cut 12,000 jobs across Europe and close five sites including its Bridgend engine plant June 27, 2019 Car manufacturer Ford has announced plans to cut 12,000 jobs across its European operations by the end of 2020 as it continues to streamline its business. The company, which employs 51,000 people across the continent, is also planning to close five European sites in total, including its engine plant at Bridgend in Wales. Read more: [...]