Boohoo woes: Shares collapse as customers return more clothes than expected May 4, 2022 Boohoo faces further woes as the online retailer’s shares plunged after it admitted that consumers were returning items more than expected. Supply chain hang-ups have also led to longer delivery times, to the detriment of the Boohoo’s international proposition, it said on Wednesday. The beleaguered fashion firm recorded a revenue jump of 14 per cent [...]
KPMG to double size of UK legal practice as part of ‘once-in-a-generation’ growth strategy May 4, 2022 Big Four accountancy firm KPMG is set to double the size of its UK legal practice over the next three years, as it pushes forwards with plans for its “once-in-a-generation” growth strategy. The plan is set to see KPMG hire 220 new lawyers – including 45 new partners and directors – by the end [...]
Starmer could hardly ask for a stronger position – but he’s still squandering it May 4, 2022 You couldn’t open Twitter on Sunday without seeing the name – Tony Blair. Sunday marked 25 years since New Labour trounced John Major’s broken Conservative Party at the 1997 General Election. Mr Blair handed the Tories – riddled with sleaze and incompetence – their worst drubbing since 1906. Less than a year before, the die [...]
Liquidity boost: Cineworld pins hopes on payment delays from Regal shareholders May 4, 2022 On a quest to boost liquidity, Cineworld revealed this morning that it had approached the former dissenting shareholders of its U.S. division Regal Entertainment to further delay payment obligations.
PwC extends summer working hours policy following success of pilot scheme last year May 4, 2022 Big Four accountancy firm PwC has said it is extending its “summer working hours” programme to June, following the success of the pilot scheme last year. The firm said it will let staff to leave at lunchtime on Fridays for the months of June, July and August of this year. The plan comes after PwC [...]
Joules shares plunge after news of CEO departure and ‘more challenging’ market May 4, 2022 Premium British lifestyle group Joules posted strong revenue growth this morning, up 20 per cent for the quarter ending 1 May.
Just Eat to not reappoint COO amid allegations of misconduct May 4, 2022 Just Eat’s board has withdrawn the opportunity to reappoint its chief operating officer, following allegations of personal misconduct at a company event. Jörg Gerbig, COO and member of the management board, has been the subject of a formal complaint over his behaviour, Just Eat said in a statement today. An investigation into the claims is [...]
Ryanair flies 14.2m passengers last month as Brits flock back on holiday May 4, 2022 Ryanair announced it has flown 14.2 million passengers in April, 91 per cent up on 2021 figures. According to data from international traffic management organisation EUROCONTROL, Ryanair was the largest operator in Europe, as it reported an average of 2,815 flights per day. Wizz Air, which was ranked seventh, announced yesterday its passenger numbers had [...]
SNP’s record is nothing to sing about, but unionists must win the emotional argument May 4, 2022 The SNP’s record where they have power is poor – yet their continued victories suggest unionists need to up the ante For all the excitement – ok, some sarcasm – of local elections across England tomorrow what should really be drawing most attention are results north of the border. What should be a decision about [...]
Direct Line takes financial hit from watchdog’s new ‘price walking’ ban May 4, 2022 Insurance company Direct Line has said its Q1 performance was “broadly in line with expectations,” after the FCA’s new pricing practice reforms hit its bottom line. The Bromley based firm said its overall premiums were 2.4 per cent lower in Q1 2022 than in the first quarter of last year, as revenues dropped across its [...]
