Creditors of Gulf Marine Services look at hiring adviser as part of debt negotiations August 27, 2019 Lenders to London-listed group Gulf Marine Services (GMS) are reportedly nearing the appointment of an adviser to boost their efforts in renegotiation talks over the firm’s current debt terms. Abu Dhabi Islamic Bank, HSBC, and Abu Dhabi Commercial Bank are among the creditors looking at picking an adviser, according to Reuters, which reported that two [...]
Boardroom survey finds fears over UK economy August 27, 2019 A majority of business boardrooms are predicting a downturn in the UK economy over the coming year, as Brexit uncertainty and trade war troubles take a toll on corporate confidence. Almost 70 per cent of respondents from FTSE 350 companies believe that the UK economy will decline in the next 12 months, improving from 81 [...]
Johnson and EU leaders disagree over £39bn Brexit divorce bill August 26, 2019 Britain and the EU fired warning shots to one another today as disagreements over a £39bn Brexit divorce bill threatened to jeopardise hopes of a trade deal between the two sides. Read more: Boris Johnson: Brexit deal is now ‘touch and go’ Talks between Prime Minister Boris Johnson and EU leaders ended today with a [...]
Trump: China wants a deal ‘very badly’ August 26, 2019 Donald Trump helped stocks rebound today as investors bought into renewed hope of a trade truce between the US and China. At the end of a characteristically unpredictable weekend of mixed messages from the US President, Trump said that he believed China wanted to reach an agreement to end the standoff. Markets were rattled earlier [...]
Links of London owner Folli Follie hires advisers to weigh up possible sale August 26, 2019 The owner of Links of London has confirmed that it has drafted in advisers to weigh up a sale of the troubled jewellery group. Read more: Laura Ashley drops into the red amid tough retail conditions Folli Follie, the Greek owner of the retail chain, said today that it has told Deloitte and Savigny Partners [...]
Facing the heat: Trump warns of tariffs on French wine ahead of digital tax talks August 26, 2019 France’s vineyards have become the latest battleground in Donald Trump’s global trade wars, with the US President threatening to slap a tariff on French wines in retaliation to a planned tax on large multinational tech firms. Trump has threatened winemakers with high tariffs ahead of talks today over France’s plans to tax the revenues of [...]
Spaces opens its largest London flexible office centre August 22, 2019 Spaces has opened its largest London co-working centre to date, in the latest sign of a current boom in demand from flexible workspace operators across the capital. Read more: Property developers urge calm as Hong Kong protests continue The office provider is occupying over 80,000 square feet across seven floors in London Victoria. Flexible workspace [...]
Links of London hoping for rescue offer as it rushes to find a buyer August 22, 2019 The future of Links of London is reportedly hanging in the balance this week as the British jewellery chain rushes to find a buyer. The embattled group’s owner is on the hunt for a rescue offer by next week, according to Sky News, with sources telling the broadcaster that it was “almost inevitable” any sale [...]
HSBC urges peace amid Hong Kong clashes August 22, 2019 HSBC and Standard Chartered have weighed into the turmoil in Hong Kong today after calling for a peaceful resolution following several months of mass demonstrations. Both banking giants have taken out newspaper adverts in Hong Kong to urge an end to the violent clashes between police and protesters, which were sparked earlier this summer by [...]
Sales plunge at fastest rate since financial crisis as UK retailers forecast trouble ahead August 22, 2019 Retail sales and orders have plummeted at their fastest since the financial crisis, according to a new survey that suggests optimism in the industry has plunged to a 10-year low. Read more: Laura Ashley drops into the red A report from the Confederation of British Industry (CBI) has found that retail sales volumes and orders [...]
