Footwear chain Dune tables offer to save struggling retailer LK Bennett March 27, 2019 Footwear chain the Dune Group has tabled an offer for LK Bennett as the struggling fashion retailer’s administrators prepare to select a buyer. Dune, which operates 40 standalone stores and 175 concessions in the UK, was one of a handful of potential buyers to submit final bids earlier this week, Sky News reported. Read more: [...]
The Tulip awaits go-ahead after nod from City planners March 27, 2019 Proposals for a new tower in the Square Mile known as 'The Tulip' have been moved one step closer to reality following a recommendation from the City Corporation’s chief planning officer. The 1,000 feet skyscraper, designed by Foster and Partners, is expected to be given the green light by the City’s planning committee at a vote [...]
Looking for Brexit consensus? You won’t find it – and this Nobel-winning economist can tell you why March 27, 2019 Should pure blue sky research be funded? Certainly, the answer from government-backed research councils seems to be “no”. The emphasis is increasingly on research which has immediate practical applications. Yet seemingly esoteric research can shed light in quite unexpected areas. For example, a PhD thesis written by a then obscure research student 70 years ago [...]
Domino’s to shake-up top team amid ongoing row with franchisees March 26, 2019 Domino’s Pizza is preparing to replace three of its most senior executives amid a damaging row with franchise holders, it emerged today. The chain said it is succession planning for chief executive David Wild, chairman Stephen Hemsley and senior independent non-executive Helen Keays. Read more: Domino's Pizza hits back at reports it misled the City [...]
Mortgage finance firm Lendinvest taps three banks for £500m London float March 25, 2019 Online property finance marketplace Lendinvest has chosen three banks to lead its planned £500m float on the London Stock Exchange this year. It is understood Lendinvest, which provides funding for property investors, developers and landlords, has tapped Goldman Sachs and Barclays as joint global coordinators. Read more: Mortgage finance hub Lendinvest targets £500m London listing [...]
WPP hunts for replacement as last Chinese board member steps down March 25, 2019 WPP is on the hunt for a new Chinese board member after it emerged a long-serving director from the country will step down, Sky News reported. Ruigang Li, who founded venture capital giant China Media Capital (CMC) and has served on the WPP board since 2010, has reportedly told colleagues he will not stand for [...]
Big Four broadband providers lag behind for customer satisfaction March 25, 2019 Broadband customers using the largest providers are the most likely to be getting a bad deal, a new survey has revealed. Despite collectively supplying almost nine in 10 customers, BT, Sky, Talktalk and Virgin Media consistently rank poorly for customer satisfaction, according to consumer group Which. Read more: Zen named best broadband provider by Which [...]
Ailing medical equipment maker Convatec hopes new boss will transform fortunes March 25, 2019 Convatec’s shares rose this morning as it announced it had poached Karim Bitar, chief executive of Genus, as its new boss. The struggling medical equipment manufacturer confirmed the appointment this morning, meaning it will finally have a permanent chief after previous CEO Paul Moraviec stepped down last October. Read more: Shares in Convatec fall 20 [...]
Brexit alarm bells: City optimism tanks at fastest rate since financial crisis March 25, 2019 Britain’s biggest business group today warns that the “alarm bells have reached deafening levels” as the political crisis surrounding Brexit threatens to force the Prime Minister from office. Read more: Brexit secretary admits indicative votes 'could be ignored' The Confederation of British Industry (CBI) declared Brexit a “national emergency” as it revealed that financial services [...]
Zen named best broadband provider by Which as it launches lifetime price guarantee March 25, 2019 Independent telecoms firm Zen has been named best broadband provider in the latest survey by consumer group Which. Zen, which was launched as an alternative to the big four providers Sky, Virgin, BT and Talktalk, has bagged the label of ‘recommended provider’ for the fourth year in a row. Read more: Hyperoptic secures deal to [...]