Bank of Ireland sells UK credit card portfolio to London startup Jaja for £530m June 28, 2019 Bank of Ireland has agreed to sell its UK credit card portfolio to digital finance company Jaja Finance for a face-value fee of £530m. The company announced on Friday its decision to sell the portfolio of cards comprising the existing Bank of Ireland UK, the AA and Post Office-branded credit cards. Read more: London Capital [...]
At last, a sensible immigration plan – and it comes from Boris June 28, 2019 It is not often that I agree with Boris Johnson. But when the frontrunner to be the next Prime Minister announced his immigration proposals yesterday, for the first time in this leadership race I found myself on Team Boris. In a digital hustings, Boris revived an idea that he had trumpeted during the Vote Leave [...]
Pendragon CEO leaves after just three months in charge June 27, 2019 Car dealership Pendragon’s chief executive is stepping down less than three months into the job. Read more: Pendragon shares crash on ‘accelerating’ losses Mark Herbert will quit his post as CEO on 30 June by mutual agreement with the board, the firm advised today. Herbert, who only joined the company in April, was called a [...]
Pizza Express losses widen amid strain on casual dining sector June 26, 2019 Pizza Express has reported hefty losses for the full year as it battles with increased competition in the casual dining sector. The restaurant chain posted a loss of £55.8m in 2018, an increase of more than 40 per cent from £31.6m the previous year. Read more: China expansion and UK troubles take slice out of [...]
Feeling lactose intolerant? A guide to office milk etiquette June 26, 2019 “Got milk?” The answer, if you’re reading this in the office or on your commute, is probably “no”. And if “yes”, it will be followed with “but not for much longer”. We’re all having a good laugh this week at the employee of Doncaster Council, who took the ingrained culture of petty office protectionism to [...]
Istanbul has rekindled Turkey’s fight against religious autocracy June 26, 2019 Istanbul is one of the most famous cities in the world, on account of a storied history encompassing myriad great events. As Byzantium, it was first the fortress of the eastern Roman Empire and then the bastion of Orthodox Christianity. After its fall to the Turks in 1453, the newly-minted Constantinople became the capital of [...]
Tragedy awaits if we don’t bridge the gap between beliefs and reality in the NHS June 26, 2019 A tragic story over the weekend revealed how a man who died of lung cancer was failed abysmally by the NHS. Two separate sets of doctors omitted to tell him for over a year that he had the disease. The added poignancy of the news item was that the victim was a relative of Nye [...]
De La Rue clearout continues as two more directors step down June 24, 2019 The boardroom exodus at banknote printer De La Rue has accelerated, with two members announcing retirement plans today. Chair Philip Rogerson and senior independent director Andy Stevens will both leave the firm, which recently lost the contract to print British passports. “The chairman has indicated his intention to retire from the board as part of [...]
DEBATE: Is the focus on modern methods of construction to increase housebuilding misplaced? June 24, 2019 Is the focus on modern methods of construction to increase housebuilding misplaced? Chris Stanley, housing manager at Concrete Block Association, says YES. The current media excitement around modern methods of construction, particularly modular, is largely a result of favourable public funding schemes. To solve the housing crisis, the government needs a far more considered, holistic [...]
The founder of The Sole Supplier on switching up how we buy footwear June 24, 2019 Earlier in June, thousands of people queued up outside shoe stores to buy a new pair of trainers designed by musician Kanye West. The latest set of Adidas “Yeezys” cost £180 each. But many of the people buying these shoes weren’t just interested in fashion, but in making a profit. Soon after the footwear went [...]