The founders of Syft explain how they’re saving clients 55 per cent – and why there’s an upper limit to Lionel Richie September 26, 2016 Two Christmases ago, Jack Beaman experienced something of an intervention. “I’d been out of work for six months, and a group of friends sat me down and asked me what I was actually going to do with my life.” Fortunately, he’d spent that time cooking up a business idea. “As a student, like a lot [...]
Boris Johnson hints Article 50 should be invoked before May 2017 September 25, 2016 Foreign secretary Boris Johnson has indicated Article 50, the official signal for Britain leaving the EU, should be triggered before May next year to avoid Britain having to participate in European elections and send new MEPs to Brussels. Britain is due to participate in electing candidates to the European parliament in elections set for May 2019, but [...]
Way to kill that #FridayFeeling: The internet combusts as Nestle axes one of the Quality Street sweets September 23, 2016 One of the Quality Streets has gone forever, and people are outraged. The Toffee Deluxe has been axed from the iconic chocolate box after customers complained there were too many toffees in the mix. The company will be introducing a "Honeycomb Crunch" in its place – the first time a new chocolate has been added [...]
There’s been a shake-up at Sports Direct – so who’s who at the top of the discount retailer now? September 23, 2016 Sports Direct's senior management team has been given a serious overhaul, with this morning's announcement that chief executive Dave Forsey has resigned – to be replaced by the group's founder, Mike Ashley. As well as Forsey's departure, which took place with immediate effect, the retailer announced two senior promotions this morning. Karen Byers has been appointed [...]
Denial and disgrace: Here’s everything that’s happened at Sports Direct over the past year September 23, 2016 Mike Ashley has always controlled Sports Direct, but today he finally took the top job at the company he founded. It's been a rollercoaster year for Ashley. If you're wondering how we got to this point, here's everything that's happened so far: Politicians launch an investigation into working practices at Sports Direct The move comes after [...]
Lloyd’s of London could announce Brexit restructure plans before Christmas September 22, 2016 Specialist insurance market Lloyd's of London is close to announcing whether it is considering relocating part of its operations if the UK loses vital passporting rights as a result of the Brexit vote. Chairman John Nelson told City A.M. he was "hopeful" the UK could strike a deal with the rest of the EU to preserve the [...]
West End gets Brexit boost from overseas shoppers as sales to tip over £9bn for the first time September 21, 2016 Overseas shoppers are flocking to the West End to spend their cash since the fall in the value of the pound – and the Brexit boost is set to tip sales for the district over £9bn this year. Jace Tyrrell, chief executive of the West End lobby group New West End Company, says London's premiere shopping district [...]
“Chicken King” Ranjit Boparan gobbles up turkey business Bernard Matthews September 20, 2016 Ranjit Boparan has this evening completed the takeover of turkey producer Bernard Matthews. Boparan, who has earned the name “Chicken King”, also confirmed in a statement that 2,000 jobs at Europe’s largest turkey company will be retained. It first emerged that Bernard Matthews’ private equity owner, Rutland Partners, was seeking to sell the company in [...]
Jayne-Anne Gadhia: Three things you didn’t know about the chief executive of Virgin Money September 18, 2016 Previously dubbed the “first lady of UK finance” and one of City A.M.’s Power 100 Women, Virgin Money chief executive Jayne-Anne Gadhia has been at the group’s helm since 2007. She led the charge last year when Virgin Money launched its £1.25bn flotation and tried her hand at guest editing City A.M. for a day [...]
Alexandra Soveral creates smells to welcome the wealthy residents home to The Bishop’s Avenue in Hampstead September 16, 2016 We put a ridiculous amount of effort into making our homes smell nice. Remember when all shag-pile carpets needed for a total refresh was a liberal dose of Glade Shake’n’Vac? Then came those peculiar little stashes of potpourri, followed by the ubiquitous scented candle; and finally we’ve graduated to the reed diffuser. They are as [...]