Footwear retailer Office’s chief executive quits after one year November 21, 2019 The chief executive of high street footwear retailer Office has stepped down after just a year in the role. Lorenzo Moretti has resigned after joining the company in December last year from his role as Sonos vice president of global retail. Read more: Office set to close up to half its 100 UK stores He [...]
Buckingham Palace confirms Prince Andrew will continue to work on Pitch@Palace scheme November 21, 2019 Buckingham Palace this morning confirmed that Prince Andrew will continue to work on his Pitch@Palace initiative, as was first reported by City A.M. last night. A source close to Pitch@Palace told City A.M. that it was “business as usual” at the programme, which connects entrepreneurs with investors. Read more: Entrepreneurs back Pitch@Palace as pressure grows [...]
British Airways passengers face huge delays into Gatwick and Heathrow after ‘technical issue’ November 21, 2019 British Airways warned customers that it is working hard to fix a “technical issue” this morning, as flight cancellations and delays hit thousands of people. The airline said a small number of flights arriving at Gatwick and Heathrow airports are affected and that it is offering passengers “alternative arrangements”. Read more: British Airways owner IAG [...]
McLaren tycoon Ron Dennis takes stake in music streaming firm Roxi November 21, 2019 McLaren founder and British F1 tycoon Ron Dennis has taken a stake in Roxi, the British music firm hoping to take on streaming giants such as Spotify. Roxi today announced that Dennis has taken a 10 per cent stake in the firm, which has a number of celebrity backers including Robbie Williams, Sheryl Crow and [...]
Ex-De Vere boss Andrew Coppel to be appointed as Arcadia chairman November 20, 2019 Sir Philip Green’s Arcadia Group is preparing to appoint the former boss of the De Vere hotel and leisure group as its new chairman. The appointment of Andrew Coppel, who currently sits on the board of housebuilder MJ Gleeson, is expected to be announced tomorrow, Sky News reported. Read more: Arcadia bolsters senior digital team [...]
Emirates orders $9bn worth of Boeing jets despite safety concerns November 20, 2019 Gulf airline Emirates has unveiled a $9bn order for 30 Boeing 787 Dreamliners, while reducing its deal for the delayed 777x plane from 150 to 126. The order was struck after 11th hour talks at the Dubai air show, which has been taking place this week. It follows comments from Emirates president Tim Clark that [...]
BBC chairman hits back at suggestions of Netflix-style subscription model November 20, 2019 Replacing the BBC’s licence fee with a Netflix-style subscription model would destroy its ability to serve everyone, the corporation’s chairman has said. Sir David Clementi urged advocates of a subscription service to be “realistic” and recognise that the broadcaster’s “principle of universality would be lost”. Read more: BBC signs on-demand deal with Sky as it [...]
KPMG slashes headcount in transformation unit amid cost cutting drive November 20, 2019 KPMG is making redundancies in its in-house project management team as part of a campaign to slash millions of pounds in costs. KPMG told more than half of the staff in its transformation centre of expertise (TCE) this week that their jobs were at risk of redundancy, Sky News reported. The unit works across KPMG [...]
Fashion logistics firm Clipper’s shares soar as it confirms takeover bid November 20, 2019 Fashion delivery player Clipper saw its shares soar in early trading after confirming a takeover approach from a private equity giant. Steve Parkin, who founded Clipper in 1992 before taking it public in 2014, is reportedly plotting a £300m offer for the firm alongside US private equity giant Sun Capital Partners. Read more: Clipper founder [...]
Founder of fashion delivery firm Clipper tables £300m takeover bid November 19, 2019 The founder of Clipper Logistics, which provides delivery services for online retailers such as Asos and John Lewis, is said to be preparing a £300m bid to take the company private. Read more: Asos to boost Black Friday offers after poor trading last year Steve Parkin, who founded Clipper in 1992, has approached fellow board [...]