Bellway posts strong spring sales hours after devastating Barking fire June 11, 2019 Housebuilder Bellway has posted strong sales growth and said it was on track for an earnings boost just hours after a fire devastated one of its developments. The FTSE 250 firm reported a 4.7 per cent jump in reservations over the period from 1 February to 2 June – to 244 per week. Read more: [...]
FCA chief Andrew Bailey calls on Neil Woodford to waive management fees June 11, 2019 The head of the City regulator has called on Neil Woodford to waive management fees for investors in his suspended fund. Andrew Bailey, the chief executive of the Financial Conduct Authority, said Woodford should “consider his position” on the fees. Woodford has declined to cancel the charges, which Nicky Morgan MP said was a “huge [...]
Saga shares rise as it partners with Goldman Sachs to offer savings products June 11, 2019 Over 50s insurance and tourism group Saga announced today it is partnering with Goldman Sachs to offer savings products to its clients. The move is part of a strategy aimed at turning the company around after a poor run of results. In April its shares dived 40 per cent after it warned that Brexit uncertainty [...]
Sainsbury’s chooses ex-RBS man Brown to head banking unit June 11, 2019 Sainsbury’s has appointed a new chief executive to lead its baking unit as it looks to build its online presence. Former RBS man Jim Brown will take over the reins at Sainsbury’s Bank from next Wednesday. The bank handles Sainsbury’s Bank customers, as well as Argos Financial Services and Nectar. Brown will have a “short” [...]
Ted Baker shares slide as retailer warns on profits in ‘difficult trading conditions’ June 11, 2019 Ted Baker’s share price plunged 25 per cent this morning after the fashion retailer warned on profits amid “extremely difficult trading conditions”. The company said underlying profit before tax for the year ending 25 January 2020 is likely to be between £50m to £60m, compared to a company compiled consensus of £70.9m. Read more: Ted [...]
What the Four Horsemen of the Apocalypse can teach you about crisis communications June 11, 2019 IF YOU know your biblical stories or are simply enjoying the joint BBC-Amazon TV adaptation of Terry Pratchett and Neil Gaiman’s Good Omens, then you will be familiar with the Four Horsemen of the Apocalypse: Pestilence, War, Famine, and Death. But rather than heralding the end of the world, how could this quartet of characters [...]
Ramen chain Tonkotsu eyes expansion with YFM backing June 11, 2019 Ramen restaurant Tonkotsu has received £5m of funding from investment firm YFM Equity Partners as it eyes expansion. YFM will take a minority stake in the Japanese-inspired restaurant chain as it expands its presence in London. Read more: Gordon Ramsay’s restaurant empire returns to profit The group will open restaurants in Peckham and Shoreditch this [...]
CEOs take note: No one knows what you actually do June 11, 2019 In an age when the leader of the free world promotes himself as the CEO-in-chief and the New Establishment leaders of Silicon Valley appear like celebrities in the public consciousness, it would be reasonable to assume that society understands the role of those who lead business. On the contrary: over half of UK workers admit [...]
Don’t believe the hype, Apple is no better at privacy than any other tech company June 11, 2019 Apple, much loved by its users, is jumping on the privacy bandwagon. Announcing the launch of its service “sign in with Apple” last week, this single sign-on promises to protect your privacy. It all sounds great, until you take a closer look at what privacy actually means to Apple. This single sign-on service protects some [...]
DEBATE: Are candidates’ drug histories relevant in the Conservative leadership contest? June 11, 2019 Are candidates’ drug histories relevant in the Conservative leadership contest? Edward Davies, director of policy at the Centre for Social Justice, says YES. The Centre for Social Justice was founded on the premise that we are not defined by our worst mistakes, that everyone deserves another chance, and nothing should hold you back from reaching [...]