Wilko: B&M snaps up 51 stores of beleaguered retailer for £13m September 5, 2023 B&M has confirmed that it will buy 51 Wilko stores for £13m following the highstreet stores collapse. The rival discount chain, which has over 700 sites across the UK, did not mention how many job roles would be saved in the process. On the sale, its share price was down more than three per cent [...]
Haldane: Bank of England printed money for too long, and recession’s 50:50 September 4, 2023 Bank of England's former chief economist says Bank persisted 'too long' with quantitative easing - helping to fuel inflation
Frank Smith, Matchroom Boxing CEO, interview: ‘I’m living the dream’ September 4, 2023 Matchroom Boxing CEO Frank Smith on rising the ranks from Leyton Orient mascot to running the world-leading promotion.
Why Karakalpakstan in Uzbekistan is your next adventure holiday destination September 4, 2023 After writing the first official guidebook, Sophie Ibbotson tells us why Karakalpakstan is the new destination adventure holiday seekers need to book ‘‘How can you write a guidebook about Karakalpakstan? There’s nothing for tourists here!” Those words will echo a long time in my ears, and they must rate amongst the last things a guidebook [...]
“From different planets”: Why Sophy Ridge thinks politicians and business leaders don’t always click September 4, 2023 Politicians and business leaders can sometimes feel like they’re “from different planets,” one of the country’s most respected political interviewers has told City A.M. Ahead of her new nightly show on Sky News, Sophy Ridge said the short-term cycles of Westminster life prevent politicians from tackling issues in the same way business leaders might. “If [...]
Sophy Ridge: My advice to politicians? Just answer the question. September 4, 2023 Sophy Ridge has set the Westminster agenda with hard-hitting interviews. She tells City A.M. her golden rule.
Government ‘in talks with Tata Steel to provide £500m funding package’ – but 3,000 jobs at risk September 2, 2023 The Government is reportedly in advanced talks with Tata Steel to provide a £500 million funding package aimed at safeguarding the long-term future of a key part of Britain’s steel industry. The deal would secure £1 billion for the group’s Port Talbot steelworks but could lead to as many as 3,000 job losses, according to [...]
Mohamed Al Fayed: Tributes paid to former owner of Harrods and Fulham FC September 2, 2023 Former Harrods owner Mohamed Al Fayed has been described as “an extraordinary tour de force” after his death at the age of 94. Mr Al Fayed, who was owner and chairman of Fulham Football Club for 16 years, died on Wednesday. His family announced on Friday he had “passed away peacefully of old age”. Paying [...]
Why 2023 has been a year to forget for the London Stock Exchange and the capital’s equity markets September 2, 2023 Take-privates and secondary listings have damaged the reputation of the London Stock Exchange. How did we get here?
Airlines are a victim of their own success in creating unstoppable demand September 1, 2023 Delays - yes, including those as a result of an erroneous flight plan - are a small price to pay for modern airlines.