From the Paris Olympics to Royal Ascot: How catering giant Sodexo Live became the invisible force behind Europe’s biggest events August 12, 2024 From the Paris Olympics and the Rugby World Cup to Royal Ascot, Sodexo Live has become the invisible force keeping plates loaded and champagne glasses topped up at Europe’s biggest events. In 2023 the Paris-headquartered catering giant‘s events division, Sodexo Live, served more than 11m guests in the UK alone, employing around 1,700 people across [...]
Aquis Exchange boss says UK poised for ‘tidal wave’ of foreign investment under Labour August 12, 2024 The chief executive of challenger stock exchange Aquis has said the UK is in store for a "tidal wave of international investment" following Labour's election victory.
Meet the zero-emission parcel delivery start-up on a mission to change the industry August 12, 2024 How often do you find yourself frustrated with your local parcel delivery service?
FTSE 100: UK stocks erase losses from last week’s selloff ahead of economic data dump August 12, 2024 The FTSE 100 reversed its losses from last week's massive global selloff on Monday as investors hunt for bargains and look ahead to a slew of economic data in the coming days.
Peloton loses almost £100m as UK arm sheds hundreds of jobs August 12, 2024 The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 months to June 30, 2023, according to newly-filed accounts with Companies House. Peloton previously posted a pre-tax loss of £173.7m for its prior financial year. [...]
Sainsbury’s: Business rates ‘nothing more than an unfair tax on shops’ August 12, 2024 Sainsbury’s has urged the government to cut business rates and warned that failure to act could lead to over 17,000 shop closures over the next decade. It has called for a rate cut of 20 per cent in a bid to revitalise the high street and protect jobs. Not only would this project jobs, the [...]
Abercrombie & Fitch silent on diversity pledge as new London store opens August 9, 2024 Abercrombie & Fitch committed to diversity pledges following years of criticism, but bosses failed to comment on the diversity of store colleagues at the new London store when The Capitalist approached them The noughties are back, baby: and that means Von Dutch caps and Abercrombie & Fitch. All of a sudden ‘Brat Summer’ sounds appealing. [...]
The Capitalist: Abercrombie & Fitch fall silent; Paris shouts ‘Merde!’ at Olympic muffin man August 8, 2024 Rumours, whispers and City gossip… Abercrombie & Fitch silent on diversity pledge The noughties are back, baby: and that means Von Dutch caps and Abercrombie & Fitch. All of a sudden ‘Brat Summer’ sounds appealing. The return is quite the coup for the company once voted “America’s most hated retailer”. The firm has been heavily [...]
Evans Cycles: Big loss revealed in delayed results for brand owned by Mike Ashley’s Frasers Group August 8, 2024 Significantly delayed accounts for Evans Cycles have revealed how far the brand, which is owned by Mike Ashley’s Frasers Group, has slumped further into the red. According to results for the year to April 30, 2023, which have only just been filed with Companies House, Evans Cycles slipped to a pre-tax loss of £23.2m. The [...]
Deliveroo: Delivery group posts profit, launches buyback amid ‘encouraging’ signs in consumer behaviour August 8, 2024 Deliveroo posted a profit of £1m in the first half of 2024, rebounding from a loss of £83m in the same period last year. Shares rose over six per cent on Friday morning as gross transaction value (GTV) came in just under £3.7bn, up five per cent year on year from £3.5bn. The food delivery [...]