Boris agrees to riot summit after protests March 28, 2011 THE MAYOR of London Boris Johnson (pictured) is to hold a summit for retailers and businesses affected by the violence at Saturday’s anti-cuts protests. Johnson said in a letter to the New West End Company yesterday that he and the Metropolitan Police “want to continue… dialogue and see what lessons can be learned”. Retailers including [...]
London counts the cost of protest against cuts March 28, 2011 HSBC has slammed the attacks on its branches during Saturday’s protests as “entirely unjustified,” pointing out that it is one of the UK’s top taxpayers. Branches of Santander and HSBC were boarded up yesterday after black-clad, masked youths smashed their way into branches, where they destroyed fittings and scrawled graffiti. Lloyds TSB was also targeted. [...]
Asia narrows US lead in list of billionaires March 9, 2011 ASIA churned out 105 billionaires last year, narrowing the US’s lead in the Forbes magazine annual list of billionaires. The Asia-Pacific region now has 300 billionaires, versus the US’s 413, collectively valued at $1.3 trillion and $1.5 trillion respectively. China now has 115 billionaires, versus India’s 55. The list set a new record for being [...]
Report fuels tax protests against HSBC December 19, 2010 THE campaign group UK Uncut has chosen its latest target, HSBC, as a result of suggestions from a former tax inspector that the banking giant is negotiating with the Inland Revenue to withhold around £2bn in tax. The protest group yesterday said the bank is “next in line” for a fresh wave of protests, after [...]
Cadbury asks for police advice over protesters December 7, 2010 CADBURY owner Kraft has asked for police advice to protect its factories from protesters after City A.M. revealed it may be targeted for moving parts of its business offshore. Kraft says parts of Cadbury will still be registered in the UK but that the ownership of most of the firm would move into line with [...]
Cadbury may be next target for protesters December 5, 2010 CADBURY could be the next firm to be hit by organised groups of protesters after it relocated part of its operations to Switzerland for tax reasons. The move comes as Topshop boss Sir Philip Green was left counting the cost of closing his flagship Oxford Street store on Saturday afternoon after a protest over his [...]
Tax protestors target Topshop November 29, 2010 Topshop owner and government efficiency adviser Sir Philip Green has been named as a target by anti-tax avoidance protesters. Activists linked to UK Uncut have scheduled protests at Topshop branches in Birmingham and Manchester this Saturday, with more expected to follow in the run-up to Christmas, while a group protesting against education cuts and tax [...]
Arcadia looks overseas to grow profit November 18, 2010 ARCADIA, the owner of retail chains including Topshop and BHS, is planning further international expansion after posting a 6.4 per cent rise in pre-tax profit to £213.2m for the year to the end of August yesterday. Arcadia Group’s operating profits increased 10.4 per cent to £279.6m in the year, on sales up 40 per cent [...]
Sir Philip will shut up to 300 retail stores November 7, 2010 GOVERNMENT adviser Sir Philip Green will close up to 300 of his retail stores within the next three years. Smaller stores in his empire, most likely from brands including Burtons and Dorothy Perkins, are expected to close. Some of these may be consolidated as Green focuses on growing Topshop, his core brand. It is speculated [...]
MOSS DEBUTS FINAL TOPSHOP COLLECTION November 1, 2010 Supermodel Kate Moss celebrated the launch of her final seasonal collection for British retail chain Topshop (owned by Philip Green, left) last night with a party at its flagship London store at Oxford Circus. The final collection includes “Biba-esque” floral printed day dresses, shift dresses with cross stitch panels, a pair of midnight blue velvet [...]