Boohoo revenue jumps more than 50 per cent as it plugs ‘record levels’ of investment into infrastructure June 12, 2018 It might be carnage on the high street for numerous big names at the moment, but Boohoo is going from strength to strength in online retail. It has reported a 53 per cent rise in revenue for the first quarter of the year as it eyes more market share gains. The figures Boohoo has set [...]
Inmarsat share price soars more than 12 per cent after confirming Echostar takeover approach June 11, 2018 Shares in satellite giant Inmarsat have soared more than 12 per cent in early trading, after the company confirmed on Friday that it had received a takeover offer from Echostar. Last week, the group said it had received "a highly preliminary and indicative non-binding proposal from Echostar Corporation", which it then rejected. Inmarsat said the [...]
BT chief executive Gavin Patterson will step down this year as chairman says there is ‘a need for a change of leadership’ June 8, 2018 BT Group chief executive Gavin Patterson will step down at the end of the year, with a search now underway to find his successor. The telecoms giant expects to have its next chief executive in place by the second half of the year, with Patterson continuing to serve as chief executive until then. Read more: [...]
Oxford Street pedestrianisation plans cancelled: Mayor Sadiq Khan hits out at ‘betrayal’ of millions of Londoners June 8, 2018 The mayor of London Sadiq Khan has hit out at the "betrayal of millions of Londoners" after Oxford Street pedestrianisation plans were shelved by Westminster City Council yesterday. "This will be seen as a betrayal of the millions of Londoners and visitors to our city who would have benefited from making Oxford Street a safer, [...]
Revealed: The 15 best employers in Britain for work-life balance, as rated by staff June 7, 2018 Dealing with millions of busy commuters might not sound like the dream job, but according to a new study workers at Transport for London (TfL) are the most content with their work-life balance. The rankings, compiled by job site Indeed, showed that TfL had a better “staff first” mentality than any other company in the [...]
London Stock Exchange opening delayed by an hour on Thursday morning after a ‘technical issue’ June 7, 2018 The London Stock Exchange open this morning was delayed due to a "technical issue" that has now been resolved. A London Stock Exchange Group spokesperson confirmed the opening auction had been delayed. They added: "We will provide further updates shortly." It was then confirmed that trading would resume at 9am, and is now back in [...]
Mitie profits fall as outsourcing giant says scale of restructuring needed was ‘far more significant’ than expected June 7, 2018 Outsourcing giant Mitie this morning announced a six per cent fall in adjusted operating profit for the year amid "a challenging and, at times, difficult market". Mitie's chairman said "wholesale sector recalibration" is needed for the economics of facilities management to stay sustainable, but added that this is already in the works. Derek Mapp said [...]
Plus500 bumps up expectations for the year after cryptocurrency boom June 7, 2018 Online trading platform Plus500 said this morning that its board had lifted its expectations for the year, as trading remains ahead of what was previously predicted, thanks to a cryptocurrency boom at the start of the year. Plus500 had previously announced that a strong start to 2018 had come thanks to a period of "relative [...]
Govia Thameslink Railway rolls out amended timetables on Thameslink and Great Northern to tackle rail timetable chaos June 4, 2018 Southern rail parent company Govia Thameslink Railway said today it is rolling out amended timetables across Great Northern and Thameslink as it looks to tackle rail chaos brought from a mass timetable shake-up. GTR's network includes Southern rail, Thameslink, Great Northern and Gatwick Express. GTR said an amended timetable was in operation today, and has [...]
Carluccio’s gets green light from creditors to close up to 30 restaurants with company voluntary arrangement May 31, 2018 Carluccio's has announced its proposal to enter a company voluntary arrangement (CVA) has been backed by creditors, with the closure of 30 restaurants. The Italian restaurant chain said the proposal was required to restructure the company by ditching a number of loss-making restaurants from its 103 UK sites. Carluccio's said today the process will impact [...]
