Navigating the Challenges of the Legacy of Private Finance Initiative (PFI) Hand-backs: Strategies for the Public Sector
Deliveroo cuts 350 jobs as cost of living dims British and Irish appetite for takeaways February 9, 2023 Deliveroo has been forced to slash 350 job roles across all levels as it attempts to navigate a difficult economic outlook and a decline in take away sales post pandemic. Will Shu, chief executive of the food delivery app, revealed the news to staff on Thursday – blaming high inflation, recession fears and a decision [...]
Russia exit drags on Imperial Brands’ profits November 15, 2022 Tobacco giant Imperial Brands reported a sharp fall in profits for the year today following a £463m hit from its exit from Russia earlier in the year.
Deliveroo shares slide as £1.9bn reported revenue fails to bolster market confidence in food delivery favourite March 16, 2023 Deliveroo shares have continued to pedal downwards this morning as investors struggle to regain confidence in the brand following its decision to slash some 350 job roles and disastrous IPO listing. It comes as the food delivery group, which has seen its share price fall consecutively over the past 12 months due to tough market [...]
Asos revenues tumble but chief remains ‘hopeful’ despite £87.4m loss May 10, 2023 Asos has posted a half year loss as the fashion retailer continues to be beaten by a tough economic climate and a slowdown in consumer spending, with its share price down over five per cent when markets opened this morning. The FTSE 250 retailer, which sells its goods exclusively online, said it had made an [...]
London-listed retailers plummet on expected spending cool down April 24, 2022 An expected slowdown in consumer spending in response to the cost of living crunch hobbling household finances has whacked London-listed retail stocks. The bucket of top retail shares in the City, known as the FTSE 350 retail, has fallen 21 per cent in the year so far, making the sector one of the worst performers [...]
Retail sales tumble to a rate ‘not seen since depths of pandemic’ amid cost of living crisis July 12, 2022 Retail sales volumes are plunging by a rate not seen since the darkest days of Covid lockdowns, as industry voices have warned businesses will struggle amid historic inflation. Total sales dropped by one per cent in June, according to the British Retail Consortium (BRC) and KPMG retail sales monitor for the five weeks to 2 [...]
Stonegate Group warns on future as it battles £2.2bn debt pile April 10, 2024 Britain's biggest pub operator Stonegate has raised concerns about its future as it battles a £2.2 debt pile.
Deliveroo: Riders expose ‘grim reality’ of business ahead of AGM May 24, 2023 A storm of Deliveroo riders will demonstrate before the company’s AGM this morning to expose the alleged “grim reality” of working within London’s gig economy and rally for better pay and working conditions. Trade bodies, ShareAction and IWGB, which represent the workers are also coordinating Deliveroo riders to attend the company’s AGM, where they will [...]
Investors to examine retailers’ books for signs of spending slump September 25, 2022 Investors will be parsing over a slew of results from top retailers for signs of a slowdown in consumer spending in response to an economic slump. London’s premier FTSE 100 index notched a poor performance last week, shedding 3.62 per cent to close at 7,018.60 points, mainly driven by a sharp sell off on Friday [...]
Matalan recruits ex-New Look boss as sale of fashion chain launched September 26, 2022 Matalan has brought in a former New Look chief as it announces the start of a strategic sales process. Nigel Oddy will join the fashion retailer as interim CEO from the start of next month, after leaving the high street chain in June. Oddy will help to deliver a growth strategy and reposition the brand [...]