Wagamama owner TRG under new pressure from investors ahead of AGM May 14, 2023 The Restaurant Group has come under renewed pressure from investors as Coltrane Asset Management called for change at the company after building a 3 per cent stake in the firm. The New-york based activist investor told The Sunday Times that it backed proposals by another investor, Oasis Management, for the group to sell off its [...]
Imperial Brands: Investors brace to see if cigarette titan can light up vaping future May 14, 2023 Imperial Brands will be looking to convince investors its vaping and so-called ‘next generation products’ can light up profits in the long-term as it updates the City with its first half results on Tuesday.
Yeezy win? Adidas to sell trainers from axed Kanye deal – and donate proceeds to charity May 12, 2023 Adidas plans to sell trainers from its axed partnership with the US rapper Kanye West and donate some of the money to charity. The German sportswear giant announced it was ending production of Yeezy branded products with “immediate effect” at the end of October after West made antisemitic remarks on social media and in interviews. [...]
Royal Mail boss plans to step down following union deal May 12, 2023 The boss of Royal Mail has quit the top job in order to allow the company to move on following a bruising fight with its main union which finally concluded last month.
Ukraine’s Eurovision Song Contest in Liverpool: Is Moscow competing, can Russia vote and are they broadcasting it? May 12, 2023 The 67th Eurovision Song Contest is taking place in Liverpool this year after the UK was chosen to host on behalf of war-torn Ukraine. It is the first time the competition has been held in the UK for 25 years – and Russia will not be competing. Why is Russia absent from the contest? Russia, [...]
THG shares tumble after bosses shut down Apollo takeover talks May 12, 2023 Retail group THG has shut down takeover talks with Apollo after its board deemed the US buyout giant had tabled “inadequate valuations” for the firm.
Hospitality: BoE interest rates hike could ‘significantly impact businesses’ May 11, 2023 The hospitality sector has expressed concerns that the Bank of England’s decision to raise interest rates could “significantly impact business viability,” as the interest rates on loans many pubs and restaurants took out to survive the pandemic are now set to rise. “Hospitality was the business sector most affected by the pandemic, with a large [...]
JD Sports drafts in new CFO amid shake up May 11, 2023 JD Sports has drafted in financial veteran Dominic Platt as its new chief financial officer, as the group ploughs ahead with its five-year growth strategy Platt is currently chief of finances at BGL Group, one of the UK’s top digital distributors of financial services and owner of Compare the Market, he also sits on the [...]
Padel comes to Canada May 11, 2023 The world’s fastest growing sport has arrived in the Square Mile. A padel court, erected in Tower Hill, will be available to book by schools, corporates and members of the public for the summer. Padel has taken the world by storm in recent years, with its mix of tennis and squash in tight spaces proving [...]
Supermarkets do butter to ease soaring prices for shoppers May 10, 2023 The price of a slice of toast with butter is about to get cheaper as some of the UK’s biggest supermarkets have slashed the price of the kitchen staples following criticism over high prices. Sainsbury’s said that as commodity prices started to fall on wheat and butter, it is now able to reduce the price [...]
