Mark Kleinman: Why Barclays’ £1bn Telegraph bid won’t be the last word, Alison Rose’s next move and why no one wants to be chair of the BBC October 19, 2023 The must-read column from the man in the know, City Editor at Sky Mark Kleinman Barclays’s £1bn Telegraph bid not the last word Hold the front page: the Barclay family’s effort to lodge a knockout bid for The Daily Telegraph was timed like the arrival of a blockbuster newspaper story minutes before the final edition, [...]
Let’s be honest, culture wars campaigns won’t win voters in a cost-of-living crisis October 19, 2023 Australians just showed us why campaigns based on culture war issues don't work, writes Matthew Lesh
No-shows at pubs, restaurants and bars double October 18, 2023 Pubs, bars and restaurants have seen the number of customer no-shows double over the past year, according to new figures. About one in eight reservations is not being honoured, with customers also not telling venues they need to cancel, research by industry experts from Zonal and CGA by NIQ has revealed. It comes amid a [...]
Credit insurer cover cuts leave retail sector reeling October 18, 2023 Credit Insurers have been dragged into the spotlight after it emerged that they have pulled cover on a host of some of the country’s biggest retailers over the past few months. Both Boohoo and Asos have been hit by insurers withdrawing cover on their transactions. Over the summer, it was revealed that Allianz Trade, formerly Euler [...]
Just Eat raises profit guidance thanks to takeaway fiends in UK and Ireland October 18, 2023 Just Eat reported a five per cent growth in gross transaction value (GTV) in the UK and Ireland, while in Northern Europe it grew six per cent.
Philip Hammond ‘dismayed’ by Tory shift to ‘populism’ October 18, 2023 Lord Philip Hammond said he has been “dismayed” by the “populist turn” the Conservatives took. The former Chancellor told City A.M. while he thought the party was now “heading in the right direction” he had been “dismayed by the populist turn” the Tories took. During an interview about his role as chair of crypto firm [...]
If we ever manage to do it, breaking up the Treasury would be a breath of fresh air October 18, 2023 Treasury brain has become one of the ultimate insults of Whitehall, but slimming down the power of No11 has defeated almost every prime minister, writes Simon Neville
Revolution Bars: Weathering through ‘external headwinds’ October 17, 2023 Revolution Bars Group weathers through the year's "external headwinds" with an increase in total sales amongst preliminary results.
Mike Ashley’s Frasers Group raises Boohoo stake to 15 per cent October 16, 2023 Mike Ashley backed Frasers Group has once again raised its stake in online fashion brand Boohoo. The Sports Direct owner upped its share in the group from 13.4 per cent to 15.1 per cent. The fashion powerhouse, which also owns Jack Wills, has been rapidly increasing its stake in the popular clothing site. At the [...]
ABI urges Chancellor to cut £7bn tax on insurance policies October 15, 2023 The Association of British Insurers (ABI) has called on Chancellor Jeremy Hunt to cut the tax levied on insurance premiums.