BHS fiasco rumbles on as Goldman Sachs and The Pensions Regulator due to reappear in front of the committees next week June 26, 2016 The BHS saga starts a new chapter next week, with two more evidence hearings due to take place in parliament. On Tuesday afternoon, the Work and Pensions committee and Business, Innovation and Skills committee are set to hear from Alex Dellal, Allied Commercial Exporters, Paul Sutton, Lesley Titcomb, chief executive of The Pensions Regulator and Neville Kahn, managing partner, financial [...]
Smart moves: How Gloucester Rugby owner is using sport and business nous in new role June 22, 2016 When it comes to sporting achievement they are dreaming big in the West Country. In Bristol, billionaire businessman Steve Lansdown is using his considerable wealth to breathe life into a number of different sports. His most high profile interests include Championship football side Bristol City and Bristol Rugby Club, who finally won promotion to the [...]
Sir Philip Green admits he made “a bad call” selling BHS to Dominic Chappell June 15, 2016 Sir Philip Green has said he is working on finding a solution for BHS pensioners and claimed most of the buyers who came forward for the company wanted to put it into administration. There have been some testy exchanges as Green faces a grilling from MPs, with questions so far focussing on the advisers who worked with [...]
Time Out’s share price flops on London market debut June 14, 2016 Time Out Group, the 48-year-old city guide publisher turned food market owner, is not having the best start to its life as listed company. Shares fell as low as 133p, more than 10 per cent below its 150p flotation price, this morning. There was a slight up-lift directly after the open but it could not be [...]
Shoppers beat the Brexit blues to hit the high street as footfall increased slightly in May June 13, 2016 As the battle over the fate of BHS continues, the high street bounced back slightly in May as footfall figures increased year-on-year, new figures have shown. Despite a backdrop of retail failures towards the end of May and beginning of June, with Austin Reed shutting up its shops and BHS being "wound down", total retail footfall was [...]
Sports Direct’s Mike Ashley steps in for eleventh hour BHS chats June 12, 2016 Sports Direct's Mike Ashley is trying to reopen talks to save BHS from liquidation. A source told City A.M. that Ashley had written to the administrators in a bid to reopen a dialogue in a move that could save a number of stores along with the BHS name. City A.M. also understands that the administrators will be [...]
CBE for Punks? Tracey McDermott, Brewdog founders and Aldermore boss receive awards in Queen’s Birthday Honours list June 10, 2016 The Queen has named the acting chief executive of the Financial Conduct Authority (FCA), the founders of craft brewery Brewdog and the boss of challenger bank Aldermore in her birthday honours list. Tracey McDermott, the soon-to-depart acting chief executive of the Financial Conduct Authority, will receive a CBE for services to financial services consumers and markets as part [...]
MPs have called Mike Ashley to give evidence to the joint select committee on BHS June 9, 2016 It seems MPs just can't get enough of Mike Ashley; the retail tycoon is now being called to give evidence in front of the joint select committee which is looking into the sale of BHS. The boss of Sports Direct responded to the committee saying he will provide written evidence. Ashley admitted this week that [...]
Euro 2016: Firms gear up for a packed summer of sporting spectacles June 9, 2016 As football fans prepare for the European Championship in France, so do companies back in the UK, with a number of companies gearing up for a packed summer of sporting spectacles. Domino’s pizza, in particular, is reported to be employing 10,000 extra staff as prepares for a huge summer of sport. The UK’s largest fast [...]
BHS collapse: Sir Philip Green set to appear before MPs next week June 8, 2016 Billionaire retailer Sir Philip Green will be given the chance to present his side of the remarkable story of BHS’ collapse when he appears before MPs next week. The former BHS owner, who will answer questions from two Westminster committees, faced a wave of criticism during today's parliamentary sessions. Green sold the business to Retail Acquisitions, [...]