Steak restaurant chain Gaucho has filed for administration July 18, 2018 Steak restaurant Gaucho is expected to fall into administration as early as today after rescue talks for the chain failed. The company has filed a notice of intention to appoint an administrator, it confirmed this morning. “Despite an extensive options process which attracted proposals from a number of parties, it is with regret that due [...]
Delays to and from Victoria Station to continue until 11 after fire alarm July 18, 2018 Delays to and from Victoria Station are expected to continue until late morning today after a fire alarm alert meant the station was evacuated. Some trains were diverted to other London terminals during the alert. Southeastern tickets are being accepted on the London Underground at no extra cost. After the fire service responded to an [...]
Smiths Group revenues to take a hit from new EU medical devices regulation July 18, 2018 Engineering firm Smiths Group said this morning that it will take a hit to revenue as a result of new EU regulations on medical devices. Shares in the company fell 7.8 per cent in early trading following the announcement. The FTSE 100 group has had to temporarily suspend some of its devices in Europe in [...]
Thameslink passengers complain of further disruption despite third new timetable in two months July 16, 2018 Thameslink has said it is aware of "a number of disruptions" across its services this morning, despite the introduction of another timetable. The service is running on its third timetable in two months, as it tries to reduce the disruption caused by new running times introduced on 20 May. But the rail operator has told [...]
Lift-off for Trump baby blimp as Sadiq Khan defends decision to let it fly July 13, 2018 The 6-metre tall balloon in the shape of Donald Trump as a baby is taking flight over London this morning, despite the President saying it made him feel "unwelcome". It will fly between 9.30am and 11.30am today. However strict rules mean that the balloon will be tethered to the ground throughout, and restricted from floating [...]
Poundland founder in talks to salvage Poundworld July 9, 2018 Poundland founder Steve Smith is in talks with Deloitte over a bid for rival Poundworld, as the chain's own founder confirms he is out of the running. Smith, who sold Poundland to Advent International in 2002, is in the early stages of talks with administrators Deloitte about a possible rescue deal. Poundworld founder Chris Edwards [...]
Co-op Bank names former Lloyds Commercial Banking boss as new CEO July 9, 2018 The Co-perative Bank has appointed a new boss who was once tipped as a favourite to become chief executive of Lloyds. Andrew Bester was previously group director and chief executive of the Commercial Banking division at Lloyds Banking Group. He was at one point viewed as a possible candidate to become chief executive of the [...]
Another London craft brewer sold as Lion gobbles up Fourpure July 9, 2018 London craft brewer Fourpure has been bought out by Australian beer giant Lion for an undisclosed sum. The Aussie company has taken full ownership of the Bermondsey-based brewery, but both founders have said they will remain involved with the business. Brothers Dan and Tom Lowe started the business in 2013. It has since expanded, earlier [...]
Philip Morris UK MD Peter Nixon interview: How Britain can go smoke-free July 2, 2018 After tobacco giant Philip Morris International made a bold commitment to push for a "smoke-free world" earlier this year, City A.M. sat down with Peter Nixon, PMI's managing director for the UK and Ireland. Q. As a tobacco company, why have you been so vocal about trying to eliminate smoking? A. It’s the right thing [...]
Philip Morris boss: The UK could be smoke-free in 10 years July 2, 2018 The UK could be cigarette-free in 10 years if regulators work together with industry, the UK boss of Philip Morris International has said. Speaking to City A.M., Peter Nixon said that PMI would be willing to work with Public Health England and the government to work towards a smoke-free Britain in just 10 years. But [...]
