Around 1,000 jobs lost as Jamie Oliver’s restaurant business collapses May 21, 2019 Around 1,000 workers have been made redundant after celebrity chef Jamie Oliver's restaurant chain collapsed into administration following failed attempts to secure additional investment. Jamie's Italian has appointed KPMG as administrators, the company confirmed today, and 23 of the brand's 25 sites have closed. Read more: Shell's kitchen: Jamie Oliver launches petrol station food range HSBC, which is the company's main [...]
BT’s brand value drops as new boss prepares image overhaul May 21, 2019 The value of telecoms giant BT’s brand slumped this year as new chief executive Philip Jansen prepares to overhaul the company’s image. BT dropped two rankings to 10th place this year as its brand value, which is calculated as the net economic benefit its owner would receive if it licensed the brand in the open [...]
Government faces calls to safeguard British Steel jobs as company edges closer to administration May 21, 2019 Whitehall officials this morning faced calls to “put their money where their mouth is” by giving British Steel the funding it needs to avoid administration and safeguard tens of thousands of jobs. Read more: Troubled British Steel braces for insolvency in last-ditch loan talks Britain’s second-biggest steel maker has for the last week been lobbying [...]
Troubled British Steel braces for insolvency in last-ditch loan talks May 21, 2019 Britain’s second-largest steel producer is preparing for an insolvency to occur within the next 48 hours, amid fears a bid for a rescue loan from the government will fall through. British Steel is said to be formulating a strategy to collapse into administration, with EY expected to be formally appointed to handle the process tomorrow [...]
Raising the standard: The male business chiefs helping the drive for gender equality May 20, 2019 Not all business leaders are joining the battle for gender equality. As more women are being pushed up the corporate ladder and trained for senior roles, some male chief executive officers (CEOs) privately admit to feeling belittled, excluded and minimised. They complain that “you can’t say what you think anymore” and it’s “PC gone mad.” [...]
Manchester City: Treble winners, record breakers, untouchable – and too good? May 19, 2019 In the wake of a domestic treble unprecedented in English men’s football, there should be no sparing of praise for the brilliance of Manchester City. Saturday’s FA Cup final against Watford was a devastating showcase: a 6-0 dismantling of a good team, the most emphatic margin of victory in the fixture for more than a [...]
Netflix signs Pinewood Studios deal as it ramps up investment in British shows May 19, 2019 Netflix has reportedly signed a deal to lease a third of the space at Pinewood Studios as it looks to ramp up its investment in British TV shows. The US streaming giant is set to take roughly 150,000 square feet of space at the famous film studios in Buckinghamshire, the Sunday Telegraph reported, citing sources. [...]
Payment intermediary to hold onto Thomas Cook’s cash in latest blow to airline May 18, 2019 A payment intermediary from the Nordic region is in talks to extend the time it holds on to consumers' money owed to the Thomas Cook Group. The firm is seeking to retain millions of pounds of holidaymakers’ money, which is usually kept for two days, for several weeks, according to Sky News. Read more: Thomas [...]
Boeing completes 737 Max software update to fix cause of fatal crashes May 17, 2019 Boeing has completed the development of a software update for its 737 Max planes as it tries to get them back in the air. The aircrafts were grounded across the world following two fatal crashes – in Ethiopia and Indonesia – within five months, claiming the lives of all 346 people on board them. Read [...]
Amazon in talks to invest £450m in Deliveroo May 16, 2019 Amazon is in talks to invest hundreds of millions of pounds in Deliveroo giving the food delivery app a boost as it takes on takeaway rival Uber Eats. The internet retailer will announce a deal to back Deliveroo as part of a $575m (£450m) funding round which is expected to be revealed in the coming days, [...]