Sky Studios takes stake in UK natural history producer True to Nature August 7, 2019 Sky Studios today announced it has taken a stake in UK-based natural history production firm True to Nature (TTN), marking the first investment for the media group’s new content division. Sky Studios has secured a 24.9 per cent stake in TTN, which will create new wildlife programmes for distribution on Sky’s platform. Read more: Sky [...]
Sterling resumes fall as Brexit debate takes bizarre turn August 7, 2019 Sterling has resumed its fall against the dollar on no-deal Brexit fears as the Queen was dragged into the acrimonious debate about Britain crashing out of the European Union. Read more: Dominic Cummings squares off over Dominic Grieve’s Brexit threat The pound had fallen 0.2 per cent against the dollar by 12.50pm UK time to [...]
Ineos on the hunt for new auditor after dropping PwC in wake of tax fallout August 7, 2019 UK energy giant Ineos is reportedly dropping PricewaterhouseCoopers (PwC) as its auditor amid speculation of a major tax row between the two sides. Ineos, which is owned by British billionaire Jim Ratcliffe, is on the hunt for a new accountancy group to replace the big four beancounter, according to Sky News. Read more: Ineos plans [...]
Jack Wills stores at risk as Sports Direct kicks off landlord negotiations August 7, 2019 Sports Direct has begun to negotiate with landlords over rent cuts at Jack Wills stores, which could see some branches marked for closure by the end of this week. Mike Ashley’s company is seeking to slash rents at poor performing branches after acquiring the retailer earlier this week. Stores will be shuttered if a new [...]
Cummings squares off over Grieve’s Brexit threat August 7, 2019 The Prime Minister’s most senior adviser Dominic Cummings has issued a veiled threat to the former attorney general as the two square off over Brexit. Backbencher and serial Remainer rebel Dominic Grieve had previously argued that Cummings was “simply wrong” to state that MPs would not be able to prevent a no-deal Brexit. Grieve, the [...]
MPs launch legal action to prevent no-deal Brexit parliament shutdown August 6, 2019 A group of MPs has launched legal action designed to stop the Prime Minister from forcing through a no-deal Brexit by shutting down parliament. Liberal Democrat leader Jo Swinson, SNP MP Joanna Cherry and former Labour MP Heidi Allen are among the 75 politicians from both houses putting their name to legal papers lodged at [...]
No need for tears: Boohoo confirms offer for Karen Millen and Coast online brands August 6, 2019 Boohoo today confirmed it has made an offer for the online arms of Karen Millen and Coast fashion retailers. The digital fashion giant did not say whether the potential acquisition includes any plans for the firms’ bricks-and-mortar stores. Read more: 1,000 jobs at risk as Boohoo set to acquire struggling Karen Millen Up to 1,000 [...]
Jobs on line as Boohoo set to take over struggling Karen Millen August 5, 2019 Concerns were raised for over 1,000 jobs this evening as it emerged that online retailer Boohoo looks set to snap up British brand Karen Millen. Sky News reported that negotiations continued into the night, and the deal could be finalised when Deloitte is appointed as administrator to Karen Millen. Read more: UK fashion brand Karen [...]
Mike Ashley’s Sports Direct buys Jack Wills for £12.8m August 5, 2019 Retail tycoon Mike Ashley’s Sports Direct has bought struggling high street brand Jack Wills out of administration for £12.75m. Ashley won a race against British billionaire Philip Day, who owns the Edinburgh Woollen Mill Group, to snap up the “preppy” fashion retailer. Read more: Philip Day tables bid to avoid Jack Wills administration Will Wright [...]
Philip Day tables bid to avoid Jack Wills administration August 5, 2019 British billionaire Philip Day is taking on rival bidder Mike Ashley to keep struggling retailer Jack Wills out of administration. Day’s Edinburgh Woollen Mill Group’s (EWM) offer for the “preppy” fashion brand would seek to avoid a pre-pack administration, it was revealed as the bidding war between the two retail tycoons entered its final hours. [...]