Three London Wahaca branches remain shut after suspected norovirus outbreak November 6, 2016 Three London branches of Wahaca remained shut this weekend, after a suspected norovirus outbreak led to hundreds falling ill across nine chains of the Mexican restaurant. UPDATE: Wahaca has now reopened all its restaurants. Read more here. Soho, Covent Garden and Oxford Circus are all still closed. The White City branch had reopened, but closed again [...]
Evans Cycles poaches Dobbies Garden Centres’ boss Andy King November 6, 2016 Evans Cycles has announced that Andy King has been appointed as its new chief executive. King was formerly managing director at Dobbies Garden Centres, the national garden retail business, and prior to that worked at Notcutts Garden Centres, The Body Shop and Mothercare. He replaces Nick Wilkinson, who left the company earlier this year. ECI [...]
Ryanair’s earnings set to fly lower than expected as weak sterling drags down fares November 6, 2016 Ryanair has suffered some turbulence post-Brexit, predominantly fuelled by the plummeting sterling, and investors are braced for a bumpy landing in its upcoming results. Full-year profits expected to grow five per cent lower than previously guided at seven per cent. The revised guidance, provided a couple of weeks ago, reflected weaker sterling with 26 per [...]
M&S is braced for tumbling profits with boss Steve Rowe set to announce raft of store closures November 6, 2016 Marks & Spencer is braced to unveil tumbling profits in its interim results on Tuesday. Profit before tax is expected to have dropped by over 20 per cent to £216m according to analyst consensus, showing the scale of the challenge chief executive Steve Rowe faces. Clothing and home sales, which are measured at stores open for [...]
Heathrow chairman Lord Deighton wants other airports given the green light for expansion November 6, 2016 Lord Deighton is feeling magnanimous since Heathrow's expansion plans have been given the go-ahead. Speaking to the Sunday Telegraph, Heathrow's chairman said airports across Britain should be allowed to grow; as long as there's enough demand for their services. "To the extent that those airports need an extra runway to be able to provide the slots to [...]
Women should hold one third of senior executive jobs at FTSE 100 firms by 2020, says Sir Philip Hampton’s review November 6, 2016 One in three senior executive positions at FTSE 100 firms should be occupied by women by 2020, a new government-backed review will say this week. Led by Sir Philip Hampton, the chairman of GlaxoSmithKline and UBM chair Dame Helen Alexander, the review will recommend the new target for FTSE 100 exec committees and the management [...]
Theresa May urged to step in over “catastrophic” ongoing UK flight suspension to Sharm el-Sheikh November 4, 2016 Egyptian political and tourism figures have criticised Theresa May's inaction over ongoing UK flight suspension to Sharm El-Sheikh. Monarch extended its ban on flights there indefinitely earlier this week. President of the Sharm el-Sheikh Tourism Investors Association, Hisham Aly, criticised Theresa May's approach. "The Prime Minister’s rhetoric about combating radicalisation at source is utterly contradictory to [...]
Samsung’s in a spin: Now it has to recall nearly three million washing machines November 4, 2016 Things have gone from bad to quite a bit worse for Samsung. It had only just cut profit forecasts by a third after the much-hyped launch of its flagship Galaxy Note 7 ended in a mass recall (and some spontaneous explosions). Now it's had to recall about 2.8m top-load washing machines in the US, following reports [...]
Sterling’s hit a one month high against the dollar November 4, 2016 Sterling hit a one-month high against the dollar, today propelled by yesterday's ruling that only Parliament could start the process of leaving the EU. It was up as much as 1.6 per cent against the dollar at $1.2492 in afternoon trading in London, and up two per cent to €1.1263 against the euro. Mark Carney also helped [...]
Oil’s in for a bruising after Saudi Arabia threatens to amp up output November 4, 2016 Reports that Saudi Arabia threatened to sharply raise oil output at an Opec meeting have caused oil to plunge, testing $44.19 (the late September low). Clashes between Saudi Arabia and rival Iran have caused yet more headaches for Opec. Sources told Reuters that at a meeting of Opec experts last week, Riyadh threatened to raise oil [...]
