Carnival to resume cruises in the US later this year June 19, 2021 Cruise operator Carnival is pressing ahead with plans to sail from the US later this year, as Covid restrictions in the country are eased. Carnival has announced plans for eight of its ships to sail from California and Florida from September. The world’s largest cruise operator will sail from Los Angeles to Mexico and Hawaii [...]
People growing vegetables in their garden don’t want to leave furlough, says Leadsom June 19, 2021 Some workers still on furlough do not want to go back to work, former business secretary Andrea Leadsom has said, suggesting the scheme has been “great” for some. Leadsom said some people, like those with gardens who have been growing vegetables, did not want to leave furlough because it has been “great”. Others, she said, [...]
Another adviser warns JD Sports shareholders on chairman’s pay June 19, 2021 Another leading adviser has added its name to group urging JD Sports shareholders to look at bonus payments for bosses, despite the retailer refusing to repay government support. Adviser IVIS has warned shareholders over votes on bonus payments and its future remuneration policy, Sky News first reported. Advisory service Glass Lewis has already issued [...]
PM warned planning reforms are putting off voters in wake of Chesham & Amersham defeat June 19, 2021 Boris Johnson has been urged to rethink planning reforms in the wake of the Chesham & Amersham by-election defeat, which saw the Liberal Democrats overturn a 16,000 majority in a Tory stronghold. Writing in the Telegraph yesterday Conservative co-chairman Amanda Milling said voters’ concerns were “loud and clear” following the defeat. She said voters were [...]
Boohoo’s Carol Kane staves off investor revolt at AGM to win overwhelming shareholder backing June 18, 2021 Boohoo co-founder Carol Kane has avoided a feared investor revolt to oust her as a director today, instead winning overwhelming shareholder support. Some 88 per cent of Boohoo shareholders voted in favour of Kane continuing in her role as an executive director at the company at today’s general meeting. Prior to the AGM, there were [...]
Supreme Court rules Grant Thornton owes Manchester Building Society £13.4m June 18, 2021 The Supreme Court has backed a £32m negligence claim from Manchester Building Society against its former auditor Grant Thornton in a landmark ruling that could make it easier to bring claims against professional advisers. The Supreme Court said Grant Thornton had incorrectly told the building society that its accounts could be prepared using a rule [...]
Sports Direct to expand into Europe June 18, 2021 Sports Direct will expand into major UK and European, in part to take on rival JD Sports. Michael Murray, head of elevation at parent company Frasers, said Sports Direct would expand via both acquisitions and “incremental opportunities” to help built its presence at home and abroad, the Financial Times first reported. “We have a strong [...]
Starbucks UK plummets to £41m loss after year of Covid restrictions June 18, 2021 Starbucks has recorded a loss of £41m in the year to September 2020, after Covid restrictions forced it to shut branches and limit typical trading activity. The coffee chain saw revenues fall to £243m, according to a Companies House report, down 32.7 per cent, largely due to heavy restrictions imposed on the business throughout much [...]
Exclusive: Quilter to make hundreds more redundant in bid to slash costs since LSE listing June 18, 2021 Quilter is poised to make some 400 more people redundant as the UK exits the Covid-19 pandemic, having already laid off hundreds of staff in an effort to bring its costs into line since it listed on the London Stock Exchange. At least 200 people working in areas as varied as financial advice and HR [...]
Tesco grapples with Brexit-driven lorry driver shortage June 18, 2021 Tesco is “working hard” to address a shortage of HGV drivers, the supermarket’s boss revealed in a call today following its quarterly results. “In terms of labour availability, we’ve seen some shortage specifically in HGV drivers, but we’re working really hard to address that,” Ken Murphy said in the post-results phone call this morning. “We’ve [...]
