Boohoo hits back at Frasers after bid to install Mike Ashley as chief October 25, 2024 Boohoo has hit back at Mike Ashley’s Frasers Group after the retailer sent out an open letter yesterday vowing to install him as its new chief. The fast-fashion giant said it was making the announcement to issue “clarification” on matters raised by Frasers yesterday, including accusations of “long-term mismanagement” which has led to “value destruction“. [...]
How American Express UK is looking to crack Gen Z October 24, 2024 American Express’s UK boss, Hannah Lewis, sits down with City AM to talk breaking into a younger markets and shaking up its image. “Do you take Amex?” It’s a question that has slipped so far into the cultural lexicon there are even memes about it. Scroll through a dedicated Reddit page on American Express and [...]
The Debate: Should we look to legalise assisted dying? October 24, 2024 As the second reading of a new bill proposing legalisation of assisted dying approaches, our contestants lay out the arguments around this sensitive and complex moral choice. Yes: A new law would facilitate a kinder way to die For the vast majority of the public – three-quarters of us across Britain – the introduction of [...]
Co-op boss: Reform broken business rates system at Budget October 23, 2024 The current business rates system is “fundamentally broken” and is in need of urgent reform at the Budget, the chief executive of the Co-op has warned in an interview in which she also endorsed Labour’s contentious workers’ rights package. Shirine Khoury-Haq told the Today Programme that business rates were one of the driving forces behind [...]
Does the NHS have a communications crisis? October 23, 2024 The NHS has a backlog crisis a staff vacancy crisis and a mental health crisis. Public satisfaction is at an all-time low, and Lord Darzi’s landmark report of the state of the health found that it was in “serious trouble”. But does it boil down to a comms crisis? Jacob Haddad, CEO and co-founder of [...]
Wine Cocktails are Winning Gen-Z October 23, 2024 Wine is wonderful, but a certain demographic (I’m looking at you Gen Z) seem to increasingly prefer cocktails. “Customisation is key, which is why cocktails are the perfect drink of choice for Gen Z,” says Carmen O’Neal, Saturday Kitchen’s spirits expert and founder of 58 and Co distillery. “Cocktails can be tailored to their tastes [...]
This will change how you think of Morocco October 22, 2024 THE LOCATION When the Portuguese landed on the stony face of the Atlantic coast in the early 16th century, they stopped at El Jadida, a Moroccan port just an hour south of Casablanca. To protect trade routes between Europe and Asia during their two-and-a-half-century occupation, they built a stronghold known as Mazagan. The centrepiece of [...]
HSBC: The questions investors want answered on Elhedery’s East-West split October 22, 2024 HSBC’s new chief executive has made his play to cut costs and home in on core divisions at Europe’s biggest bank, including splitting its businesses into Eastern and Western camps amid geopolitical tensions.
Autumn Budget: Which taxes will Rachel Reeves hike? October 22, 2024 With the Autumn Budget set to be delivered in just a few days, speculation about which taxes Chancellor Rachel Reeves will opt to raise has reached fever pitch. On entering No 11 Downing Street, Reeves commissioned the Treasury to conduct a thorough spending audit, which she claimed unearthed a “fiscal black hole” of £22bn, paving [...]
Shoe Zone shares slide: Profit nearly halves as costs put the boot in October 22, 2024 Affordable footwear company Shoe Zone has reported a drop in revenue and profit as weak demand and high costs weigh on the high street retailer amid a revamp of its physical estate. Revenue fell by 2.7 per cent to reach £161.3m in the year to 28 September, down from £165.7m in 2023. Profit before tax [...]