YO! revealed on Friday that it has appointed former Argos boss John Walden as its chairman. Walden has worked in the consumer-facing retail sector for over two decades on both sides of the Atlantic.He headed up Argos between 2012 and 2016, leading through the sale...
BARCLAYS Bank today won its high court battle against Amanda Staveley, who had claimed the bank owed her hundreds of millions of pounds for arranging investment deals during the 2008 financial crisis.The bank had always claimed Staveley, a glamorous financier who had once dated Prince...
London-listed songs investment fund, Hipgnosis, has revealed Journey's 'Don't Stop Believin' has reached 1 billion streams on Spotify - a milestone only previously achieved by Queen's Bohemian Rhapsody.The FTSE-250 firm, which has raised more than £1 billion from investors since floating in 2018, co-owns the...
Pets at Home had investors purring on Friday after it added £8 million to profit forecasts on the back of surging demand from a new wave of animal owners.The retailer, which operates 451 stores, shed some of its new year caution on Covid-19 and Brexit...
Luxury online retailer Farfetch saw revenues soar by 64% to $1.7 billion in 2020 as locked-down fashionistas splashed out from home.The London-headquartered firm, which sells labels such as Prada, Stella McCartney and Chloe, saw the year-over-year sales jump as physical stores closed at intervals around...
London’s tech titans today welcomed recommendations from a government-commissioned report to boost the financial technology industry with a relaxation of post-Brexit visa restrictions and reforms to rules on stock market share listings.The Kalifa Report, by tech tycoon Ron Kalifa, won plaudits from entrepreneurs in the...
JUPITER Fund Management is riding an investment boom that has seen markets jump and assets rise to record highs, even amidst serious controversy in the industry including the possible return of Neil Woodford.Chief executive Andrew Formica declined to comment on the Woodford farrago today. Asked...
The FTSE 100 was set for a heavy fall in early trading today as London reacts to fears of higher interest rates that triggered a big selloff on Wall Street last night.US markets suffered after a surge in bond yields - the interest payable on...
Nikhil Rathi, who joined last year from the London Stock Exchange to run the City regulator, inherits an organisation waist deep in scandal. Its failure to spot warning signs around London Capital & Finance revealed an organisation in disarray, unfitting to be the watchdog of...
Will Gardiner said he had decided not to turn two redundant coal-fired units into gas at the vast Drax plant in North Yorkshire. The decision to mothball them was revealed earlier this month in the Evening Standard.Instead, the space is likely to be used to...