Exclusive: Political turmoil causing ‘uncertainty’ and jeopardising rules reform, Starling boss warns July 11, 2022 The chief of digital bank Starling warned that political volatility was causing “uncertainty” for businesses today as she voiced concerns that the government’s business reform agenda could be blown off course. In comments shared exclusively with City A.M., Anne Boden, who founded the digital bank in 2014, warned the tumult of Boris Johnson’s resignation last [...]
Tory MP Caroline Nokes reported Chris Pincher for being drunk mid-afternoon, 24 hours before groping attack July 5, 2022 Senior Tory MP Caroline Nokes claimed she reported Chris Pincher for being ‘drunk in the middle of the afternoon’ last Tuesday – 24 hours before his alleged groping attack. But nothing was done, she said late last night. Nokes shared on TalkTV that she witnessed the former Deputy Chief Whip, Chris Pincher, ‘drunk in the [...]
Bewildered: M&S hits out at Gove over public inquiry over iconic Oxford St flagship store redevelopment June 21, 2022 Marks and Spencer has slammed the housing minister’s decision to hold a public inquiry over a redevelopment plan of its Marble Arch store. The supermarket said it was “bewildered and disappointed” that Michael Gove had chosen to call in its plans to bulldoze the Art Deco flagship store on Oxford St. A public inquiry will [...]
Deliveroo poaches Money Supermarket chief financial officer June 20, 2022 Deliveroo has poached MoneySupermarket.com’s chief financial officer for the same role at the food delivery firm. The London-listed platform announced on Monday that Scilla Grimble will join the company as CFO and board director by no later than June 2023. Current CFO Adam Miller will initially be replaced by Deliveroo’s VP for investor relations David [...]
Fresh Hope that Fellowes and Turner can win the Sandringham yet again June 16, 2022 TRAINERS are creatures of habit. They have certain races they target and Charlie Fellowes will be hoping he can continue his love affair with the Sandringham Stakes (5.00pm) this afternoon. Thanks Be gave the young handler his first Royal Ascot win in this race three years ago when ridden by Hayley Turner who was becoming [...]
Chiefofchiefs can prove he’s a very good Fellowes for Charlie and Jamie June 15, 2022 LADIES Day closes with the 30-runner Buckingham Palace Stakes (6.10pm) over seven furlongs, so if you’re still looking for a winner here then you’re in big trouble. William Haggas’ unbeaten Montassib is the potential Group horse in a handicap, but he’s drawn in stall one and that may well not be the place to be. [...]
Rowe has earned his money with the turnaround of Marks and Spencer June 7, 2022 Steve Rowe’s pay packet as he departs Marks and Spencer is, unsurprisingly, the subject of plenty of commentary. He’s walking into the sunset with £2.6m for his last year of work, a sum that set against an ongoing cost-of-living crisis in the rest of the economy will always raise eyebrows. Yet Rowe has earned every [...]
M&S bosses set to pocket £15m pay pot if bonus targets are hit June 7, 2022 Top bosses at Marks & Spencer could pocket some £15m in total if they achieve bonus targets, including a 50 per cent boost for the retailer’s share price. New CEO Stuart Machin is due to trouser a basic salary of £896,000, according to the supermarket’s annual report. Former boss Steve Row pocketed a salary of [...]
The City View: Offshore Energies UK CEO on deleterious effects of a windfall tax May 25, 2022 Today Andy Silvester chats to Deirdre Michie, CEO at Offshore Energies UK. They unpick the windfall tax, the risk it poses for smaller energy firms and the sector in general, the state of the energy industry, and the seemingly lackadaisical speed of the energy transition. In other news: M&S is leaving its Russian franchise business, [...]
Shops’ tax bill 755 per cent higher than online rivals amid war of words over sales tax May 23, 2022 Traditional brick and mortar retailers pay 755 per cent more – almost eight times – than their online rivals in business rates tax. The figures come after Sainsbury’s and Marks and Spencer execs have voiced differing opinions over the prospect of an online sales tax. Fresh analysis by real estate advisor Altus Group has found [...]