Debenhams profit drops 84.6 per cent and CFO leaves for greener pastures April 19, 2018 Debenhams announced a dramatic drop in profits this morning, while its finance chief departed the company for a position at Selfridges. But chief executive Sergio Bucher insisted that the retilaer is on the right track to return to profitable growth. Shares in the company were down as much as 12.6 per cent in early trading [...]
FTSE firms including Persimmon, BP and JD Wetherspoon warned of investor revolts over gender diversity April 17, 2018 A number of FTSE 350 companies could face investor revolts over low female representation within leadership roles, the investment managers’ trade body said today. It warned that investors were “becoming restless” over the lack of progress being made. The Investment Association, which represents investment managers collectively owning one third of the FTSE, and the government-backed [...]
UK-based Game Digital share price tumbles as New York hedge fund Elliott Management drops retailer | City A.M. April 12, 2018 American hedge fund Elliott Management has sold its shares in UK-based gaming retailer Game Digital. The retailer made the announcement today as it confirmed that its non-executive director, James Shinehouse, who represented the hedge fund on Game Digital’s board, would also be stepping down. Following the announcement, shares of the gaming retailer dropped 13 per [...]
Paris Saint-Germain to “calmly” present FFP case to Uefa next week following reports of inflated sponsorships April 12, 2018 French giants Paris Saint-Germain insist they have no substantive financial fair play (FFP) concerns with European football governing body Uefa, after reports suggested they are facing punishment for breaching the regulation. The Qatari-owned club’s world record £200m deal for Neymar and another lucrative agreement for striker Kylian Mbappe last summer triggered a Uefa investigation into [...]
House of Fraser’s lenders call in advisers EY as high street crisis continues March 24, 2018 House of Fraser has become the latest household name to send out warning signals, as its lenders have appointed EY as advisers to check its ongoing viability as a business. In a year that has already seen the collapse of Toys R Us and Maplins, a syndicate of banks acting as lenders to House of [...]
Can Eco-Tourism Help Cape Town During Its Worst Ever Drought? March 19, 2018 You wouldn’t suspect there was anything odd about the bathrooms at the Cape Grace hotel. Until, that is, you looked inside the tub. There, dangling uselessly from the porcelain, you’ll see a neatly snipped-off inch of chain that once held a bath plug. This plug, along with every other in the hotel, has vanished. Clues [...]
Game changer: Meet the women tasked by the FA to unlock the commercial power of women’s football March 13, 2018 A 4-1 win over France in Phil Neville’s first game as head coach at this month’s She Believes Cup pointed to a positive future for the England women’s team in the coming years. It was England’s second win in 44 years over France and only their second win after two previous visits to the annual [...]
Will one of these 26 companies joining Tech City’s Future Fifty become the new Zoopla or Just Eat? March 7, 2018 An AI-driven cybersecurity company, a fashion industry analytics business and a tech-based language teaching company are among the 26 UK startups that have been identified as potential future tech stars. Darktrace, Featurespace and Firefly are among the companies joining companies such as SpitfireAudio, Thread and Superawesome on Tech City’s Future Fifty programme. Future Fifty alumni [...]
These are the stocks to long and hortin the aftermath of Italy’s general election, according to algos at Quant Insight March 4, 2018 Italy’s general election today could have profound consequences on European markets, and certain stocks will be winners or losers. Analytics firm Quant Insight, which counts a number of global asset managers and hedge funds on its books, uses powerful algorithms to track which stock could benefit from specified outcomes. Ladbrokes Coral, Capita, Royal Dutch Shell [...]
Mike Ashley ups Sports Direct’s stake in Debenhams March 2, 2018 Mike Ashley’s Sports Direct has upped its stake in high street retailer Debenhams to more than a quarter. Debenhams shares were up over four per cent at lunchtime after it was revealed that Sports Direct’s stake is now 29.7 per cent. This brings it close to the threshold at which a formal takeover bid must [...]