Matalan drafts in supermarket execs as bruised retailer looks to rebuild reputation March 27, 2023 Matalan has drafted in a pair of former Lidl and Co-op executives as the bruised value retailer looks to rebuild its performance following the exit of founder John Hargreaves earlier this year. Jo Whitfeild, the former chief of the Co-op’s food division, will take the lead as Matalan’s chief executive. She will replace interim chief [...]
FTSE 100 close: Deutsche Bank surges while Barclays and HSBC yank London index higher March 27, 2023 London’s FTSE 100 kicked off the week in upbeat style, yanked higher by UK banking giants Barclays and Lloyds racking up gains. The capital’s premier index jumped 0.9 per cent to 7,471.78 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.19 per cent [...]
Oil sightings down 60 per cent after leak in Poole Harbour as clean-up plans launched March 27, 2023 Sightings of oil in Poole Harbour following a pipeline spill are down 60 per cent after a clean-up plan begins to protect nature reserves.
Lamborghini, Aston Martin & Dior: Why are the world’s luxury brands recession proof? March 27, 2023 Luxury brands are yet to feel the cold wind of recession, with luxury names including Aston Martin, Lamborghini, Bentley and Dior all posting a surge in revenues in 2023. The companies all cite the “resilience” of their wealthy customers in an otherwise tough economic market. Lamborghini is the latest to appear to shrug off soaring [...]
What are Heathrow’s contingency plans ahead of a 10-day strike by security guards? March 27, 2023 Heathrow has announced contingency plans to keep the airport operating despite a 10-day strike by security guards. Members of the Unite union will walk out on Friday in a dispute over pay. A Heathrow spokesman said: “We will not let these unnecessary strikes impact the hard-earned holidays of our passengers. “Our contingency plans will keep [...]
Steel yourselves: Severfield announces record UK order book March 27, 2023 Steel group Severfield has posted a bullish trading update, revealing a record order book for projects in the UK and Europe.
Regulator accountability? Let me ‘OFRA’ solution March 27, 2023 Lord Holmes of Richmond examines the matter of regulator accountability over the Financial Services and Markets Bill at the House of Lords.
Lexus RZ 450e review: Smooth operator March 27, 2023 Lexus has majored on hybrid cars for years. With the new RZ – a luxurious and striking family SUV – it’s going fully electric.
How a £50bn pension super fund with an appetite for UK innovation could help make the City great again March 27, 2023 The UK’s pension funds should pool their assets in a £50bn ‘future growth fund’ or more firms will continue to shun London and list overseas, the Lord Mayor of London has warned today.
Miliband backs campaign calling for environmental assessment to be scrapped March 27, 2023 A pro-growth campaign group has secured the backing of Labour frontbencher Ed Miliband for its energy security plans.
