Tony Blair’s favourite banker Russell Chambers set to exit Credit Suisse By Ben Harrington For The Mail On Sunday Published: 22:31 BST, 23 May 2020 | Updated: 22:31 BST, 23 May 2020 Tony Blair’s favourite banker is set to leave one of the City’s most powerful firms. City sources said Russell Chambers will leave Credit … Read more
Netflix looked at bid to buy £2.4bn Regal Cinemas before it was snapped up by Cineworld By Jamie Nimmo For The Financial Mail On Sunday Published: 22:31 BST, 23 May 2020 | Updated: 22:31 BST, 23 May 2020 Netflix looked at buying the second largest cinema chain in the US before it was snapped up … Read more
STOCK WATCH: Fund eyes Urban Exposure as three-way battle looms By Jamie Nimmo For The Financial Mail On Sunday Published: 22:31 BST, 23 May 2020 | Updated: 22:31 BST, 23 May 2020 A fund run by Christopher Mills has quietly built up a stake in AIM-listed Urban Exposure, which provides finance to property developers. The … Read more
When Boris Johnson ordered Britain’s pubs to close, Fuller’s boss Simon Emeny was in full flow. Just 48 hours earlier he had opened two new pubs in East London and Dorset, and was midway through renovating 11 more. Eight weeks later, having closed all 393 Fuller’s pubs across London and the South of England and … Read more
M&S boss warns staff on Ocado deal: ‘We need to get it right for customers from launch’ By Neil Craven for The Mail on Sunday Published: 22:31 BST, 23 May 2020 | Updated: 22:31 BST, 23 May 2020 The executive at the centre of Marks & Spencer’s biggest strategic gamble for decades has written to … Read more
Fears of huge job cuts at GKN as aerospace giant pays staff to quit GKN asked staff at two of its aerospace factories to take voluntary redundancy Aerospace manufacturers are grappling with a slump in demand in civil aviation Last week, Rolls-Royce announced plans to slash 9,000 jobs By Jamie Nimmo For The Financial Mail … Read more
AA boss Bob Mackenzie sacked for brawl sues over stress at work By Jamie Nimmo For The Financial Mail On Sunday Published: 22:31 BST, 23 May 2020 | Updated: 22:31 BST, 23 May 2020 The AA drove its former boss to assault a colleague because the breakdown service failed to address his mental health problems, … Read more
Robert Tchenguiz is embroiled in a vicious spat with powerful City stockbrokers after his multi-million pound bet on the transport giant FirstGroup turned sour. City sources said that at least one of the brokers had threatened legal proceedings, claiming the flamboyant tycoon owes them millions of pounds. But Tchenguiz is understood to be furious with … Read more
Pizza Express could permanently close scores of its 470 UK restaurants Pizza Express is grappling with a £1.1billion debt pile A restructuring process known as a CVA is one of several options By Harriet Dennys For Financial Mail On Sunday Published: 22:32 BST, 23 May 2020 | Updated: 22:32 BST, 23 May 2020 Pizza Express … Read more
Cut 2-metre rule to save ‘thousands’ of jobs, say restaurants By Harriet Dennys For Financial Mail On Sunday Published: 22:31 BST, 23 May 2020 | Updated: 23:09 BST, 23 May 2020 Relaxing the two-metre social distancing rule in restaurants and pubs could save ‘thousands’ of jobs, says the boss of the firm behind Wagamama and … Read more