Ex-Morrisons boss appointed CEO of food manufacturer Greencore May 13, 2022 London-listed convenience foods manufacturer Greencore has appointed a a former Morrisons boss as its new chief executive officer. Philips headed grocer Morrisons, now owned by US private equity firm Clayton, Dubilier and Rice (CD&R) between 2010 and 2015. Dalton Philips will join as CEO and executive director on 26 September, stepping into the shoes of [...]
John Lewis boss: Government must help struggling households amid cost of living crisis May 13, 2022 John Lewis chair Dame Sharon White has called on ministers to produce a support package for households struggling with the cost of living squeeze. The government should be helping families in the way it did to steer the country through the Covid pandemic, the retail boss said on ITV’s Peston programme on Wednesday evening. Boris [...]
Oil bodies downgrade demand expectations as lockdowns and inflation bite May 13, 2022 Leading oil bodies have downgraded expectations for crude demand this year, amid continued volatility in the market.
Optimism returns to crypto markets as the day is greeted by big green candles everywhere May 13, 2022 The doom and gloom is still in the markets, but optimism abounds as almost every cryptocurrency turned green today.
TfL announces reopening of Jubilee line Night Tube services May 13, 2022 Transport for London (TfL) has announced that Night Tube services on the Jubilee line will resume from next Saturday. Jubilee services will run on Friday and Saturday night, joining the Central and Victoria lines – which reopened in November after the public demanded the reopening to guarantee the safety of more vulnerable people. “From next [...]
Trump sells flagship Washington hotel for $100m profit May 13, 2022 Former president Donald Trump has made a cool profit on the sale of his flagship Washington Hotel, totalling a cool $100m. The tycoon sold up the lease on Trump International Hotel for $375m it was reported this week, which is a record price for the US capital. According to the Times, the sale gave his [...]
Coca-Cola HBC ‘evaluating all options’ in Russia as US soft-drinks giant ends operations May 13, 2022 Coca-Cola HBC is “evaluating all options” in Russia after the soft-drinks giant suspended operations there, saying it is likely to have a “much smaller presence” focusing on local brands. The London-listed company which bottles the soft drink in the country had almost 26 per cent revenue growth until April – excluding Russia – as it [...]
Letters: Are we trusting the Bank? May 13, 2022 [Re: UK recession to hit sooner than first thought as economy shrinks unexpectedly, yesterday] With the UK seemingly entering a period of stagflation, it’s clear that the Bank of England has taken the right course of action by raising interest rates earlier this week – a necessary move to help tackle the challenge faced by [...]
Shell set to sell Russian petrol stations May 13, 2022 UK-based oil giant Shell has announced it will sell its petrol stations in Russia as it continues plans to exit the country.
EP: 130 Newbury, Newmarket & Hong Kong May 13, 2022 Newbury is the venue for the Group 1 Lockinge Stakes, run over the straight mile course where the unbeaten Baaeed will be a tough nut to crack wearing the famous blue and white Shadwell colours in the feature race. Trainer George Baker sends Surrey Mist to Newbury on Saturday in search of a hat-trick of [...]
