Piccadilly’s Criterion restaurant enters administration after 60 per cent rental hike by landlord Criterion Capital June 24, 2015 Iconic London restaurant Criterion has gone into administration after 140 years, as a result of sky-high rents. UHY Hacker Young has been appointed administrator, with Peter Kubik and Andrew Andronikou handling the case. The Criterion was put into administration by the directors after its rent jumped 60 per cent from £525,000 to £850,000 [...]
SuperGroup confirms Wharton as chief financial officer after previous finance head was made bankrupt June 24, 2015 SuperGroup, the parent company of young fashion label SuperDry, has upgraded its interim chief financial officer Nick Wharton to a permanent role. Wharton, who now joins the board had been acting in the role since 25th February, when he joined from Dunelm where he was chief executive. He had been parachuted in after [...]
Shared parental leave: Workers overwhelmingly back paid granny leave June 23, 2015 Two-thirds of workers would be willing to share their paid parental leave with their own mums and dads, according to a new poll. Sixty-six per cent of parents polled by Survation earlier this year said that if they did not want to use all of their paid parental leave themselves, it should be possible for them [...]
Women build bridges across gender divide June 23, 2015 WOMEN make up only six per cent of UK engineers – but that hasn’t stopped these London engineers from joining a male-dominated workforce, building everything from the Shard to Crossrail. Yesterday marked the second-ever National Women in Engineering Day, to highlight the lack of female engineers. This is bad news for business, according to a [...]
Nine-hole golf to help England unearth its own Jordan Spieth June 23, 2015 Golf chiefs plan to encourage more people to play a nine-hole version of the game in the hope of raising participation levels and unearthing an English Jordan Spieth. England Golf is piloting an increased emphasis on the nine-hole game at a handful of courses to address a decline in the number of adults playing [...]
National Women in Engineering Day: Stereotypes are creating a huge skills gap in the UK’s engineering sector June 23, 2015 National Women in Engineering Day isn’t just a celebration. It’s a landmark opportunity to draw attention to a critical economic factor that can no longer be ignored: women need to fill an ever-growing engineering skills gap. Quite simply, the UK economy will not do well without engineers. Without skilled workers it is hard for [...]
US Open: Victorious Jordan Spieth takes earnings past $15m and sends Under Armour share price soaring June 23, 2015 Under Armour's share price enjoyed a two per cent lift yesterday after sponsored golfer Jordan Spieth secured his second major of the year. Read more: Jordan Spieth's sponsor Under Armour was the other winner at the 2015 Masters The prodigious 21-year-old, who became the youngest player to win the US Open on Sunday, is just six [...]
Truffle Pig: WPP, Daily Mail and Snapchat just formed an ad agency to create social content June 23, 2015 The world's biggest advertising group, WPP, the world's biggest online publisher, the Daily Mail, and startup sweetheart Snapchat have formed the media equivalent of a musical supergroup to get adverts in front of eyeballs. The trio have launched an ambitious new venture forging together the world of technology, advertising and publishing with the creation of [...]
My mid-life crisis over technology stocks – CNBC Comment June 22, 2015 Nostalgia is a dangerous thing. A couple of years ago I broke a golden rule of mine. I went to a LIFFE market reunion. It was a big mistake. There is nothing worse than a bunch of greying, balding, slightly tubby middle aged men (mostly) banging on about how great times were “back on the [...]
Rush of large Aim listings causes fee fall June 21, 2015 BIG BUSINESS listings on the Alternative Investment Market (Aim) have meant a sharp drop in listing costs, new research reveals. Studies by national accountancy group UHY Hacker Young have revealed that professional fee costs have fallen sharply since 2013, with the amount paid by firms floating on Aim dropping from 9.5 per cent in 2013 [...]