Debenhams on the verge of sealing £200m funding from lenders March 22, 2019 Debenhams is close to receiving a £200m lifeline from lenders that would prevent the department store falling into the hands of largest shareholder Mike Ashley. A deal finalising its borrowing facilities, which are larger than expected, could be announced as soon as today, according to Sky News. Read more: Levi shares soar as jeans retailer makes stock market [...]
Rolls-Royce boss Warren East to leave Dyson board as vacuum maker moves into electric car market March 21, 2019 Rolls-Royce chief executive Warren East is to step down from the board of Dyson, where he has served as a non-executive director for six years. Dyson this morning confirmed East would leave the board, meaning the vacuum cleaner manufacturer will be without one of the world’s foremost engineering business experts as it tries to move [...]
How to make money by doing nothing March 21, 2019 Owning a home in the capital is already the best financial decision you will ever make. But did you know your property could earn its own income, even while you’re living in it? Whether you own a terrace house in Tufnell Park or a pied-a-terre in Pimlico, holiday home rental site HomeAway can help turn [...]
Openreach calls on providers to set plan for full-fibre rollout March 21, 2019 Telecoms giant Openreach has launched a consultation to agree a plan for retiring the UK’s copper lines as it looks to begin the rollout of a new full-fibre network. Openreach is seeking opinions from broadband and telephone providers such as BT, Talktalk and Sky on how customers can be upgraded from existing copper connections to [...]
May tells public ‘I’m on your side’ as she calls for Brexit date extension March 21, 2019 Theresa May last night conceded that any delay to Brexit was “a matter of deep personal regret” as she used a live Downing Street address to pile pressure on MPs to back her unpopular deal. Speaking from Number 10, the Prime Minister said the public has “had enough” of the Brexit debate and wanted politicians [...]
BMW flashes warning lights as mounting tech costs hit manufacturer’s forecasts March 20, 2019 BMW has alerted investors to a more than 10 per cent expected loss in group pre-tax profit for 2019, as the car manufacturer announced a far-reaching €12bn (£10.3bn) savings plan. Shares fell five per cent on the news. Last week, the firm said it would move up a gear in its efforts to cut costs [...]
Jim Ratcliffe’s Ineos buys Team Sky, securing future of Britain’s most successful road cycling team March 19, 2019 Jim Ratcliffe’s chemicals giant Ineos has bought Britain’s most successful road cycling team in recent years, Team Sky. The industrial firm, owned by Britain’s richest man Ratcliffe, will rename the cycling organisation Team Ineos when it takes over on 1 May. Read more: Ineos takes over US white pigment producer in $700m deal Tour Racing [...]
Cadbury pulls Freddo ad campaign amid accusations it encouraged children to loot March 19, 2019 Chocolate manufacturer Cadbury has scrapped an ad campaign following complaints it encouraged children to carry out “illegal excavation and looting”. The Freddo Treasures campaign, which urged children to “grab your metal detector and go hunting for Roman riches”, faced backlash from archaeologists and a government minister, who pointed out digging without the landowner’s consent is [...]
Theresa May gathers cabinet after Bercow deals fresh blow to her Brexit deal March 19, 2019 Theresa May is set to push on with her deal despite Commons speaker John Bercow threatening to derail the process yesterday. Read more: 'Constitutional crisis' as Bercow blocks another vote on May's Brexit deal Today Brexit secretary Stephen Barclay suggested a vote could occur next week despite Bercow saying “substantial changes” must be made to [...]
Kier to appoint former Carillion hire Andrew Davies as chief executive March 18, 2019 Embattled construction firm Kier is set to appoint the executive who was hired by Carillion weeks before the contractors collapse to lead a turnaround at the company. Andrew Davies, who was due to step into the role of chief executive at Carillion before it plunged into liquidation last year, is expected to be appointed as [...]