Powerleague scores own-goal as it announces closure of 13 sites September 28, 2018 Five-a-side footie pitch operator Powerleague has today tabled a rescue plan which will result in it closing 13 sites and axing 109 jobs. It currently runs 440 pitches on 50 sites, but has struggled with falling revenues and has struggled to pay the leases on its properties. The firm wants to make the changes through a [...]
City Moves for 27 September 2018 – who’s switching jobs at CBRE, Invesco and Redridge? September 27, 2018 Today's City Moves cover property, fixed income and due diligence. Take a look at these movers and shakers: CBRE The world’s leading real estate adviser, CBRE, has appointed Chiara Zuccon as a senior director to spearhead debt origination within its market leading development and residential investment team. Chiara is joining from the Royal Bank of [...]
Online-only retailers outpace their bricks and mortar rivals as fresh evidence of high street troubles emerge September 26, 2018 Online-only retailers’ sales have grown 24 times faster than those of bricks and mortar firms in the last five years, according to new data which underlines the current woes facing high street shops. A report out today from data specialist GBG Loqate shows that pure-play online retailers have grown their sales by 281 per [...]
Debenhams looks to shore up investor panic with unveiling of its ‘store of the future’ September 24, 2018 Debenhams is gearing up for the unveiling of its “store of the future” later today, as the beleaguered retail giant looks to reassure both shoppers and investors after a challenging summer. The department store chain is also expected to reveal more details of its turnaround plans at the event in Watford today, having denied [...]
Former BHS boss Dominic Chappell claims he went ‘above and beyond’ to help Pensions Regulator September 19, 2018 The man who bought failing department store BHS for £1 in 2015 said he went "above and beyond" to assist the pensions watchdog in its enquires after the business collapsed. After Dominic Chappell's Retail Acquisitions bought BHS from Philip Green in March 2015, the business collapsed a year later, leaving an enormous pensions black hole of [...]
Former BHS boss Dominic Chappell claims he went ‘above and beyond’ to help Pensions Regulator September 19, 2018 The man who bought failing department store BHS for £1 in 2015 said he went "above and beyond" to assist the pensions watchdog in its enquires after the business collapsed. After Dominic Chappell's Retail Acquisitions bought BHS from Philip Green in March 2015, the business collapsed a year later, leaving an enormous pensions black hole of [...]
In the shadow of the Lehman Brothers collapse: A decade of change in the City of London September 14, 2018 The collapse of Lehman Brothers remains shorthand for the start of the global financial crisis and a period when the foundations of capitalism shook. A decade on the Western financial system is still struggling to move out of the shadow of the events of 15 September 2008. Political events around the world today are still [...]
In the shadow of the Lehman Brothers collapse: A decade of change in the City of London September 14, 2018 The collapse of Lehman Brothers remains shorthand for the start of the global financial crisis and a period when the foundations of capitalism shook. A decade on the Western financial system is still struggling to move out of the shadow of the events of 15 September 2008. Political events around the world today are still [...]
Events with a Greater Return: ICAEW Conferences September 12, 2018 What do a farmer, a charity chief executive and a managing partner at a solicitor’s firm all have in common? They all need talented accountants to help them make a success of their organisation. And these accountants can all benefit from the diverse portfolio of events offered by ICAEW, the membership body for 150,000 chartered [...]
Private equity group Abraaj closes London office as cost-cutting continues September 11, 2018 Dubai-headquartered private equity giant Abraaj is closing its London office as part of cost-cutting measures ahead of the sale of its fund management unit. Liquidator PwC confirmed the closure of the company's Mayfair base and said it is part of normal money saving activities during an insolvency process. Read more: TGI Friday’s private equity owner Electra ends buyout talks The [...]