Online estate agent Emoov on the hunt for big ticket buyers October 31, 2018 Despite only completing a merger process in May, online estate agent Emoov has put itself up for sale amid signs of a squeeze on its pursestrings. Emoov merged with fellow online agencies Tepilo and Urban earlier this year, which resulted in former Daily Express owner Richard Desmond taking a significant minority stake in the new [...]
Mothercare axes 200 head office roles to hit savings target October 31, 2018 Mothercare has axed 200 head office roles as the struggling business aims to meet a £19m cost-savings target. Net job losses will total 150, with 50 new roles being created as part of the restructuring process. Staff were informed of the cost-cutting proposals, which were first reported by Sky News, this morning. The Watford-based parent and [...]
New homes: Here are the new developments going on sale in London this week October 29, 2018 New developments on the market this week Dalmeny Avenue, Islington From £480,000 Brand new one, two and three bedroom apartments are on sale in Islington, with a private balcony or patio for each home. Housebuilder Southern Spaces has fitted all kitchens with SMEG appliances, ample power points and the flats are also Sky + enabled. [...]
Chancellor Philip Hammond says the UK will ‘strike out in a new direction’ in the event of a no deal Brexit October 28, 2018 Chancellor Philip Hammond delivers his latest Budget tomorrow, but has warned that he will be forced to take an entirely different approach if the UK and the European Union fail to agree a Brexit deal. Hammond said earlier today he would use fiscal buffers to boost the economy under a no deal scenario and "strike [...]
Audit watchdog boss Stephen Haddrill set to step down amid probe October 28, 2018 The chief executive of the Financial Reporting Council (FRC), Stephen Haddrill, is reportedly preparing to step down amid a government probe into the watchdog’s operations. Haddrill is planning to leave within months, Sky News reported. He has led the FRC, which monitors and regulates the audit sector, since 2009. Citing an anonymous source, Sky said [...]
Overseas matches, disruptive broadcast deals and a global network of delegates: how La Liga is trying to close the gap to the Premier League October 25, 2018 You may have noticed Spanish football in the headlines lately – and not only because this weekend sees the latest instalment of its biggest game, El Clasico, between Barcelona and Real Madrid. La Liga, the organisation that represents Barca, Madrid and the other 40 clubs that make up Spain’s top two divisions, and their straight-talking [...]
Business can use its unique power to help people in crisis October 25, 2018 At last month’s UN General Assembly, world leaders met to take stock of progress towards the Sustainable Development Goals (SDGs) set in 2015. The ambitious targets – which include reducing poverty, ending hunger, and promoting decent work and sustainable economic growth – are the right ones, but progress towards them is not moving quickly enough. [...]
Debenhams to reveal huge losses and job cuts in latest sign of retail bloodbath October 24, 2018 The scale of troubles facing beleaguered high street giant Debenhams unfolded this evening, with reports that the department store chain is set to reveal its biggest loss in its 240-year history tomorrow morning. Sky News reported today that Debenhams is set to post statutory annual losses nearing the £500m mark in its statement tomorrow, with plans to [...]
Jes Staley seeks to brush off Bramson challenge but Barclays still faces the headwinds October 24, 2018 Barclays CEO Jes Staley struck a bullish tone yesterday, insisting his investment banking division was on the up. Third quarter profits jumped to £1.5bn, up from £1.1bn a year ago. If this puts a spring in Staley's step, there are plenty of items in his in-tray to pull him back down to earth – not [...]
Largest UK vet clinic chain Independent Vetcare Group to be put up for £1.5bn auction October 24, 2018 The UK's largest chain of veterinary surgeries, Independent Vetcare Group (IVC), is set to be put up for auction. Controlling shareholder, Swedish-based private equity house EQT Partners, has commissioned US investment bank Jefferies to launch an auction of IVC in the coming weeks, Sky News reports. Read more: What happens to our pets when we fly Insiders [...]