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 [...]
Blue chip bosses are a bunch of bean counters, number crunchers, and spreadsheet gurus April 27, 2016 What's the best gift you can get your boss? New research released today would suggest a calculator or an "I heart spreadsheets" mug. A study by specialist recruiter Robert Half found that nearly a quarter (23 per cent) of chief executives at FTSE 100 firms are chartered accountants, while more than half (55 per cent) have a background [...]
BHS administration: Sir Philip Green could face MP grilling over £571m pension deficit April 26, 2016 MPs are to decide tomorrow whether former BHS boss Sir Philip Green should be called in for questioning over the demise of the iconic high street name and its towering £571m pension deficit. BHS entered administration yesterday with debts of £1.3bn. The pension liabilities have been passed onto the Pension Protection Fund (PPF) – which is [...]
BHS administration “more significant than Woolworth’s” as cost to taxpayer stacks up April 26, 2016 The collapse of BHS could be "more significant than Woolworths" – and the business is unlikely to survive in any meaningful form, experts have told City A.M. Parent company Retail Acquisitions called in administrators Duff & Phelps yesterday afternoon, a year after buying the debt-laden business from Sir Philip Green for £1. Managing directors Phil [...]
Now BHS is in administration, the bidders are circling – but wouldn’t it be wiser to let it die with dignity? April 26, 2016 After the sale of BHS by Sir Philip Green to the previously unheard-of Retail Acquisitions last year, it was only a matter of time before we reached this point. Bought for £1 because of the heavy debt and pensions liabilities, too much work was needed for the 88-year-old retailer to find its footing again. Even [...]
BHS is in administration: Here’s what analysts say was to blame (and what the future holds) April 25, 2016 BHS is in administration having notched up £1.3bn in debt, it has been confirmed this afternoon. Duff & Phelps has been appointed to handle the iconic retailer's administration, with managing directors Phil Duffy and Benjamin Wiles sounding confident about finding a new buyer. City A.M. understands more than 30 enquiries have already been made, and now [...]
BHS appoints Duff & Phelps administrators, putting 10,000 jobs at risk – but more than 30 bid enquiries have already been made April 25, 2016 More than 30 enquiries to buy BHS out of administration have been made since reports first surfaced that the business was teetering on the brink, City A.M. understands. Managing directors Philip Duffy and Benjamin Wiles were appointed joint administrators of BHS this morning, putting around 10,000 jobs at risk. In a statement Duff & Phelps [...]