New Look CEO to step down from high street fashion chain June 6, 2022 The CEO of New Look, Nigel Oddy, will step down from the helm of the high street fashion chain. The retailer said a hunt to select a successor was “currently well-advanced”, with a further announcement to come in due course. Oddy navigated the company through two Company Voluntary Arrangement (CVA) restructuring processes and shuttered 39 [...]
Hot on Klarna’s heels: Apple enters buy-now pay-later space with ‘Apple Pay Later’ June 6, 2022 Apple has officially entered the buy-now pay-later space, announcing 'Apple Pay Later' at its developer conference this evening.
Sunak says £15bn cost of living package will only add to inflation ‘minimally’ June 6, 2022 Rishi Sunak has moved to assure people that the £15bn cost of living package he recently announced will only “minimally” add to the UK’s inflationary pressures. The chancellor today told Westminster’s Treasury Select Committee that he had been careful “to make sure fiscal policy was responsible in that context”. The chancellor last month performed a [...]
Exclusive: Co-working firm Second Home launches sale process amid battle for rescue cash June 6, 2022 Shared office firm Second Home has started scouting for a buyer in parallel with efforts to secure rescue cash, CityA.M. understands. The workspace provider has launched a sale process after administrators from FRP Advisory were called in to help fend off insolvency. Headed by a former aide to ex-Prime Minister David Cameron, Rohan Silva, Second [...]
Woodside expands vision with new London listing and BHP merger June 6, 2022 Woodside has unveiled a secondary London listing, as it expands its business to new markets - with the firm backing gas through the transition.
Musk set to abandon £35bn Twitter takeover if bot count isn’t clarified June 6, 2022 Elon Musk has threatened to walk away from his $44bn (£35bn) takeover of Twitter, urging the social media network to provide more data on spam and fake accounts.
Monkeypox spreading like wildfire: 77 cases confirmed during Platinum Jubilee Bank Holiday weekend taking total to 302 June 6, 2022 The Monkeypox outbreak is spreading like wildfire with almost 80 new cases detected over the Platinum Jubilee weekend break, bringing the total number to more than 300. The UK Health Security Agency (UKHSA) announced the spike in cases between 2 and 5 June, with the vast majority in England (73). The infection, which now has [...]
M&C Saatchi ousts Vin Murria from board following Next Fifteen’s £310m offer June 6, 2022 Advertising giant M&C Saatchi has ousted its biggest shareholder Vin Murria from its board after accepting a takeover from consultancy Next Fifteen Communications for £310m.
No confidence vote poll: Nearly half of Tory members want Boris Johnson removed June 6, 2022 Nearly half of the Conservative party’s membership want Boris Johnson removed as leader, according to one poll, with the result of the no confidence vote set to be announced at 9pm. A snap poll by YouGov found 42 per cent of Conservative members wanted Johnson gone, with 53 per cent saying he should stay. Another [...]
Self-care: Quarter of office workers mull resignations in coming year June 6, 2022 Almost half of office workers do not think their firm is a good place to work, with many considering resigning in the coming year, fresh statistics have revealed. Some 24 per cent of workers are considering quitting their job in the months ahead, according to real estate consultancy JLL, which surveyed more than 4,000 office [...]
