Five suitors emerge for the whole of troubled BHS May 10, 2016 BHS has attracted five expressions of interest to buy the whole of the high street retailer. The interest was registered ahead of today's 5pm deadline, according to a spokesperson for the company. There have been a higher number of expressions of interest for specific parts of the business, with most thought to be keen to [...]
Save BHS campaigners light up London landmarks as retailer administration rumbles on May 10, 2016 Campaigners trying to rescue iconic high street retailer BHS turned some of London's landmarks red, white and blue last night, with a city-wide campaign to find a saviour for the chain. Marble Arch, Wellington Arch, Blackfriars Bridge and BHS' Marylebone head office were among the buildings lit up by campaigners with the message #SaveBHS last night. "Come on Britain," [...]
City Moves for 10 May 2016 | Who’s switching jobs May 10, 2016 Dearman Dearman, the clean cold technology company, announced the appointment of David Sanders as commercial director. David joins Dearman from the Carbon Trust, where he was direction of innovation, working with customers across the UK, Europe and Japan on strategy and innovation in the energy and resource efficiency space. Dearman is developing a suite of [...]
MPs kick off probe into BHS fiasco May 8, 2016 MPs will turn up the heat on Monday on past and present owners of BHS, including Sir Philip Green, when they begin in-depth inquiries into the collapse of the high street retailer. The initial focus of the investigations by two powerful select committees will be on the firm's worrying pensions situation. The defined benefit pension at [...]
Sports Direct in surprise Austin Reed bid May 8, 2016 Sports Direct’s Mike Ashley is thought to have thrown his hat in the ring for menswear retailer Austin Reed. It is understood that Ashley has tabled a surprise £30m bid for Austin Reed which went into administration at the end of last month. Administrators Alix Partners are thought to have received around 50 expressions of [...]
Classic cars and super-yachts at Mallorca’s most luxurious rally event, the Oris Rally Clásico at Puerto Portals May 6, 2016 Thanks to its clubbing capital Magaluf, Mallorca has developed an unfair reputation as a place full of barely-clothed, sunburnt Brits, all clambering over each other to contract the latest, greatest sexually transmitted disease. There are a few locations actively attempting to repair that perception, though, by attracting lovers of sport and culture to the island, [...]
Arsenal are just a franchise, Manchester United prioritise profit, Chelsea’s structure is skewed but Manchester City may be on the up – a management expert discusses Premier League clubs May 6, 2016 Build a strong team, win games, lift silverware: the external barometers for a football club are long established, but a new report suggests there is much more to look at when analysing how well a club is run. A new index from Organizational Maturity Services LLP (OMS LLP) judges Premier League clubs on their management [...]
BHS was “crashed into a cliff” says top Labour MP and BIS committee chair May 2, 2016 BHS was "crashed into a cliff" by its owners, the chairman of the Business, Innovation and Skills (BIS) Committee, Iain Wright told the BBC this morning. Wright said the troubled retailer, which was placed into administration a week ago, was sold to "tried and untested people", referring to Retail Acquisitions, the consortium which bought BHS for £1 from [...]
Sports Direct owner Mike Ashley says he could save BHS, preserving thousands of jobs May 1, 2016 Sports Direct owner Mike Ashley has confirmed his plans to buy BHS are still alive. The billionaire's plans would save the chain, as well as thousands of jobs. Ashley told The Telegraph: "Any continuing interest that we have in BHS would be on the basis that we would anticipate that there would not be any job losses, [...]
The death of Aim: Can equity crowdfunding eclipse the LSE’s junior market? April 28, 2016 The alternative finance market enjoyed near triple-digit growth last year, with the value of its loans, investments and donations hitting £3.2bn. Within this, the main sub-sectors of peer-to-peer lending and equity crowdfunding significantly increased awareness of the concept of lending directly to individuals – excluding those entities like the banks which have for too long dominated markets [...]