Debenhams coup: Shareholders and City stockbroker Cenkos plot shake-up at retail chain September 20, 2015 Debenhams could be forced to undergo a shake-up of its senior management after coming under pressure from a group of disgruntled investors unhappy with the department store group’s performance. City stockbroker Cenkos is understood to have been asked by Debenhams shareholders that collectively own a stake of around 20 per cent in the company to [...]
Las Iguanas owner to sell £150m bonds September 20, 2015 THE OWNER of restaurant brands Cafe Rouge and Bella Italia, is planning to tap the debt markets as part of a refinancing that would see the group issue around £150m worth of bonds. Casual Dining Group (CDG), which was previously known as Tragus, has undergone a major restructuring since a consortium led by private equity [...]
There really is “no money left” at the Treasury’s canteens September 20, 2015 When former Treasury secretary Liam Byrne left his successors a note in 2010 saying there was “no money left”, he may have had a point. Byrne’s note was criticised at the time for being a joke in poor taste, and he admitted this year it may have hindered the Labour party’s performance in the [...]
Cadbury’s gorilla advert featuring Phil Collins hit crowned UK’s favourite September 20, 2015 The famous Cadbury’s ad featuring a gorilla drumming to Phil Collins’ 80s hit In The Air Tonight has been voted the nation’s favourite TV ad of all time, according to a recent poll. The advert, which first aired in 2007, marked a departure from traditional TV campaigns for the company. Since its release [...]
Final payout from Icelandic banks falls short September 20, 2015 THE British and Dutch governments stand to lose as much as 533bn krona (£2.7bn) in a final deal with Icelandic banks, after they were forced to step in and reimburse investors in 2008. In a settlement with Iceland’s Depositors and Investors Guarantee Fund (TIF), British and Dutch authorities will receive 20bn Icelandic krona (£100m), which [...]
HMRC’s tax probes drag on says law firm RPC September 20, 2015 HMRC takes over a year to wrap up almost a quarter of the 115,000 local tax compliance investigations open at any one time, a City law firm has said. Lawyers RPC today released figures showing that HMRC’s local compliance unit had more than 115,000 investigations ongoing against individual taxpayers and businesses as of March [...]
Extradition hearing of flash crash trader Sarao to go ahead on Friday September 20, 2015 THE BRITISH trader accused of triggering a so-called “flash crash” in US financial markets will have his extradition hearing on Friday. Navinder Singh Sarao, accused by the US Justice Department of causing the Dow Jones index to lose $800bn (£511bn) in a matter of minutes, faces extradition on charges that carry a maximum sentence of [...]
Confident City workers look for greener pastures September 20, 2015 IN A SIGN of increasing confidence in the jobs market, more City workers are beginning to get itchy feet, new research reveals today. The number of professionals looking for work in the City of London climbed 17 per cent in August compared with July, according to figures given exclusively to City A.M. by recruiter Robert [...]
Labour councillor pushes to end zero hours work for 96,000 in the capital September 20, 2015 Labour's London Assembly economy spokeswoman will today call for changes to zero-hour contracts in London to guarantee workers 80 per cent of the hours they have worked over the previous three months. Fiona Twycross said in a statement she recognised that zero-hours contracts are popular with students and parents who need flexibility, but added, [...]
Insurers look to technology to boost profits by profiling clients September 20, 2015 New technology, which monitors how fast you drive and where you go, as well as your Facebook profile is the future for setting insurance premiums. A survey by Interim Partners, found that, in addition to tracking technology installed in potential customers’ cars, insurance executives said social media profiling, combined with geographic, political and economic data, [...]
