New Look in talks with lenders to refinance £100m debt May 26, 2023 New Look is reportedly in talks with its lenders to refinance £100m of debt amid a challenging time for the British fashion chain. New Look is understood to be working with advisers at Deloitte on exploring options for a term loan which ends its June 2024, according to reports in Sky News. Sources told the [...]
EP: 202 Haydock, Goodwood, York & Hong Kong May 26, 2023 It’s a busy day of racing on Saturday with meetings at Haydock, York and Goodwood in the UK plus there’s the Irish 2,000 Guineas at the Curragh on the same afternoon. City AM Racing editor Bill Esdaile previews the best of the weekend’s racing action with Wally Pyrah looking at Sunday’s card in Hong Kong. [...]
The Punter Summary Podcast 27 May May 26, 2023 Here’s your chance to hear all of City AM racing editor Bill Esdaile’s best weekend tips in a short summary episode of ‘The Punter Podcast’ alongside Chris Barnett. The full weekend preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a [...]
China’s EV makers are our biggest rival, says Ford boss May 26, 2023 Ford’s CEO Jim Farley has warned that Chinese manufacturers are the companies’ biggest rival in the EV space, not competitors like Toyota or General Motors (GM). ”I think we see the Chinese as the main competitor, not GM or Toyota,” Farley told the Morgan Stanley Sustainable Finance Summit, in comments first reported by Reuters this [...]
The BBC metaverse will be a supercharged reality+ experience May 26, 2023 Monty Munford looks at the BBC's latest effort to get down with the times, and he thinks the corporation's metaverse could be a game-changer.
Tingo Mobile awarded A1 credit rating by DataPro May 26, 2023 Tingo Group Inc has been awarded a Short-Term Credit Rating of A1, an Investment Grade Long-Term Credit Rating of A, and a Positive Rating Outlook for 2023/2024.
Inflation here, inflation there – when will governments see Bitcoin fixes this? May 26, 2023 Jason Deane rounds up the narratives and looks at the questions facing the economic world as one answer endures... 'Bitcoin fixes this'.
John Allan: Tesco chair mulls legal action over sexual misconduct allegations May 26, 2023 John Allan, the outgoing chief of Tesco, has hired a law firm to defend himself after he was accused of engaging inappropriately with women during his tenure at the CBI. “I’m determined, as far as I possibly can, to prove my innocence,” Allan told the Times, revealing that he has hired media law firm Schillings [...]
FTSE 100 close: A stable end to a miserable week May 26, 2023 London’s FTSE 100 showed tentative signs of recovery on Friday, after a turbulent week that saw numbers from the Office for National Statistics reveal far higher levels of inflation, all but sealing further interest rate hikes. The blue-chip index started higher before settling in flat, and then closing at 7,627, up 0.74 per cent, helping [...]
Asos share price in focus after £75m cash call May 26, 2023 Asos has tapped shareholders for £75m as the loss making retailer attempts to repair its balance sheet. The pure-play digital retailer revealed the plans to investors yesterday, with the fundraising underwritten by three shareholders including Danish billionaire Anders Povlsen, the owner of Bestseller through his investment vehicle. In a separate cash building move, Asos also [...]
