Nissan to cancel X-Trail production plans in latest car industry setback February 2, 2019 The UK car industry is set to suffer another blow next week when Nissan announces that it will be cancelling plans to manufacture its X-Trail model at its Sunderland plant. An announcement will be made on Monday by the company's executives and casts further doubt over Nissan's future investment in Britain, according to Sky News. [...]
Interim Debenhams chair shortlisted for Moss Bros role February 1, 2019 The interim chair of Debenhams could be in line for the role of chair at suit retailer Moss Bros. According to Sky News, Terry Duddy has been shortlisted as a potential successor to current Moss Bros chair Debbie Hewitt, who will step down from her role later this year. Duddy took on the chairman role [...]
ScS Group ends talks to buy Sofa.com leaving Mike Ashley in the driving seat February 1, 2019 Home furnishings retailer ScS Group said today it had ended talks with furniture retailer Sofa.com, leaving the way clear for Mike Ashley who is reportedly putting together a multi-million pound bid. ScS said today it is “no longer in discussions regarding a potential acquisition of the business and assets of Sofa.com”. Sky News reported that Ashley, [...]
Problems mounting for stubborn Maurizio Sarri as his footballing philosophy shows its weaknesses at Chelsea January 31, 2019 On the face of things Chelsea are far from a club in crisis. They sit outside of the Premier League’s top four on goal difference and are still in all four competitions, having progressed to the final of the Carabao Cup and the fifth round of the FA Cup in the last eight days. The [...]
WPP sells stake in ‘Davos in the Desert’ consulting firm Richard Attias & Associates January 31, 2019 WPP today said it is selling its stake in Richard Attias & Associates (RAA), the consulting firm behind the so-called Davos in the Desert conference in Saudi Arabia last year. The advertising group said it will sell its minority stake in RAA back to existing shareholders as part of an ongoing plan to simplify its [...]
Gary Neville scores with sale of 50 per cent stake in production company Buzz 16 January 30, 2019 Gary Neville today proved he still has his eye on the ball after selling a 50 per cent stake in his production company Buzz 16 to a London-based marketing firm. The former England and Manchester United footballer has agreed to sell half his company for an undisclosed amount to AIM-listed marketing group Reach 4 Entertainment [...]
London-listed video advertisers Taptica and Rhythm One to unite in £260m merger January 29, 2019 Merger talks between two firms in the video advertising sector have reached an advanced stage, which could be valued at £260m. London-listed firms Taptica and Rhythm One are in discussions regarding an all-share tie-up, which would see Taptica take over its competitor, according to a report by Sky News. Taptica shareholders would own a slightly larger [...]
Is Chris Evans ushering in an ad-free future? January 29, 2019 According to the media and people hipper than me, we’re going through a bit of a 90s revival in music and fashion. As if on cue, Chris Evans’ new breakfast show on Virgin Radio kicked off earlier this month. “I just press buttons… musicians play songs,” Evans said at the start of the show, before [...]
Former Virgin Money chief Jayne-Anne Gadhia hunts for investors in new tech startup January 28, 2019 The former head of challenger bank Virgin Money is to set up her own fintech startup, designed to save consumers money on their household bills. Dame Jayne-Anne Gadhia has approached several investors regarding a new company called Snoop, which will take advantage of Open Banking rules to utilise data about customers' spending habits, according to reports [...]
Oddbins owner appoints administrators with hundreds of jobs at risk January 28, 2019 The owner of wine retailer Oddbins is preparing to appoint administrators for the second time in less than a decade. European Food Brokers, which owns subsidiaries Wine Cellar Trading and Whittalls Wine Merchants, said it has filed a notice of intent to appoint Duff & Phelps as administrators to fix an insolvency, Sky News reported tonight. EFB, [...]