Boohoo pressures suppliers to drive down prices, says BBC probe November 6, 2023 Boohoo introduced a five per cent price cut for every week an order was late, a BBC report alleges
Aviva ‘immoral’ as row over defence company investment hots up November 6, 2023 Defence secretary Grant Shapps has warned insurance giant Aviva against 'immorally' divesting from defence companies.
Blackstone boss Steve Schwarzman to speak at London investment summit October 30, 2023 Blackstone's top honcho, Steve Schwarzman, is reportedly set to take the stage at the UK government's Global Investment Summit.
Big London firms lost up to £50k from crime last year as calls mount for Met to step up October 20, 2023 Almost a fifth of larger businesses in London impacted by crime said they have lost up to £50k in the last year as a result, as fresh calls are being made to up skills officers to prevent further offences. According to a new study by the London Chamber of Commerce and Industry (LCCI), a further [...]
Those who lost jobs in Carillion deserve answers, GMB says, as execs avoid trial October 17, 2023 Questions circulate around why the Government had invested "substantial" amounts of money into a Carillion trial that was dropped last week.
KPMG to cut jobs and freeze pay in deals division October 17, 2023 Around 110 employees, nearly seven percent of the KPMG's UK deals workforce, are expected to be laid off, according to the Financial Times.
London firm Powerscourt set to be snapped up in £50m deal October 10, 2023 London public relations agency Powerscourt is reportedly teetering on the edge of a sale to a US advisory firm in a deal which could be worth tens of millions. Powerscourt, which reps big name clients such as fashion retailer All Saints and gambling giant Entain, is set to bought by the US-based stakeholder advisory firm [...]
Renewi shareholders ask bidder to raise £636m stake October 8, 2023 A major shareholder in Renewi has reportedly asked its board not to engage with Australian global financial services group Macquarie until it raises its £636m bid for the firm. According to reports in The Times, the Anglo-Dutch waste management company rejected an offer of 775p a share from Macquarie last month, on the grounds that [...]
DFS profits halved as sofa maker is battered by ‘tough economic climate’ September 21, 2023 Sofa seller DFS saw annual profits almost cut in half, sliding to £29.7m from £58.5m a year earlier, as the retailer was battered by economic conditions. Revenue from operations fell 5.3 per cent to £1.09bn in the year to June 25, with the group blaming soaring inflation. Chief executive Tim Stacey said that the company [...]