Disney to lose special tax status in US after opposing ‘don’t say gay’ bill April 22, 2022 Disney could be stripped of its special tax status in the US, after opposing Florida’s controversial ‘don’t say gay’ bill. The proposed state law limits the teaching of LGBTQ+ issues in schools, which Disney eventually condemned following scrutiny. Florida politicians have given legislative approval to removing Disney’s designation as a self-governing entity, which allows it [...]
Golden Sixty can defy Spangle to become Hong Kong’s highest earner April 22, 2022 ALL EYES will be on one horse, GOLDEN SIXTY, when he canters down to the start of the FWD Champions Mile (9.05am). The six-year-old will be seeking to reserve his place in the history books by becoming the highest earner in Hong Kong racing history if winning on Sunday and taking his prize money to well [...]
Warrior Wellington set for Romantic follow up success April 22, 2022 RACING enthusiasts from around the globe will have their alarm clocks set on Sunday morning for the FWD Champions Day extravaganza from Sha Tin, which is live on Sky Sports Racing. Despite the Covid-19 restrictions scuppering any plans for overseas visitors, Hong Kong’s best gallopers will be locking horns in three Group Ones worth a [...]
Private detective admits hacking Wirecard’s critics April 22, 2022 An Israeli private detective has admitted coordinating efforts to hack journalists on behalf of disgraced payment processor Wirecard. Aviram Azari pleaded guilty to charges of wire fraud, conspiracy to commit hacking, and aggravated identity theft, for his role in acting as a middleman in the hacker-for-hire scheme. The charges relate to Azari’s role in working [...]
Poundland owner Pepco pledges to ‘protect prices’ as discounter names new CEO April 22, 2022 Poundland owner Pepco has vowed to “protect prices” as customers feel the pinch of rising bills. The Warsaw-listed retailer posted a 17.6 per cent rise in first-half revenue, sales were buoyed by new store openings. Customers would be protected from increases to prices by the retailer renegotiating terms with key suppliers and stock efficiency programmes, [...]
Ray-Ban maker enjoys spike in revenue ahead of a summer with fewer restrictions April 22, 2022 Eyewear group EssilorLuxottica SA, the maker of Ray-Ban, has enjoyed a spike in revenue over the past three months, as consumers gear up for summer. The French-Italian retailer snagged a cool £4.67bn in the first quarter of the year, up more than a third year-on-year, with consumers more likely to be making trips abroad this [...]
B&M boss Simon Arora to step down after 17 years leading retailer April 22, 2022 B&M has announced its chief executive Simon Arora is stepping down after more than 17 years at the helm of the variety goods retailer. Arora will retire from his role in a year as the retailer begins a recruitment drive for his replacement. Alongside his brother Bobby, Arora snapped up B&M when its estate boasted [...]
Zinc Media: London television division returns to profit for first time since 2017 April 22, 2022 Television production company Zinc Media has said its largest division, based in London and Manchester, made a profit for the first time since 2017. In results for the year to 31 December 2021, the company posted revenue of £17.5m, compared to a £30.6m sum for an 18 month period ended 31 December 2020. Mark Browning, [...]
A rising tide lifts all boats, and London is providing the most obvious bouyancy April 22, 2022 It might be too much to expect a thank you from the rest of the country – but London and the south east can be entitled to feel a little hard done by our polling of the rest of the country’s attitude towards the region’s economic input. Those who have made their lives in the [...]
As we’re pushed towards supply chains of isolation, we must protect openness April 22, 2022 Globalisation is dead. So declared Chip Bergh, the chief executive officer of Levi’s, the maker of the iconic 501 jeans, at this year’s World Retail Congress. That doesn’t mean globalisation is going away; but it will need to take a very different form from the one we once knew. The principle of comparative advantage is [...]
