[ad_1] By City & Finance Reporter Updated: 16:50 EDT, 30 June 2024 Making history: At his coronation King Charles wore the robe made for George VI Profits at the King’s gown maker have slumped by more than 50 per cent as the post-Covid boom fades. Ede & Ravenscroft reported profits of £1.5m for the year…
[ad_1] By City & Finance Reporter Updated: 16:50 EDT, 30 June 2024 Moving on: Sebastian James The US owner of Boots is looking for a new chief executive after its boss stood down to run one of Europe’s largest eye clinics. Sebastian James – an Old Etonian and contemporary of Boris Johnson and David Cameron in…
[ad_1] By Emily Hawkins Updated: 04:51 EDT, 30 June 2024 Stylish: Pop star Anitta in an advert for Shein Shein plans to turn Turkey into a big supplier of its fast-fashion clothes in Europe in a move it hopes will reduce criticism of its use of Chinese labour. It comes as the firm presses on…
[ad_1] By Francesca Washtell Updated: 16:50 EDT, 29 June 2024 Raising a glass: Carlsberg’s adverts have included the Danish actor Mads Mikkelsen A major investor in Britvic has called on Carlsberg to sweeten its takeover offer for the group. Aviva, which is a top ten shareholder in Britvic, the maker of Robinsons soft drinks, said there…
[ad_1] By Emily Hawkins Updated: 16:50 EDT, 28 June 2024 Asda bosses insisted they are building a ‘bigger and better’ supermarket as they published figures showing it is back in the black despite haemorrhaging market share. Once Britain’s second biggest supermarket, it has struggled since its £6.8billion private equity takeover three years ago and this…
[ad_1] By Alex Brummer Updated: 16:50 EDT, 29 June 2024 Patriotic: Sir Peter Wood has always willingly paid UK taxes on his self-made wealth Sir Peter Wood, one of Britain’s most successful entrepreneurs, is unhappy. He is speaking from his Palm Beach villa, a short distance from Donald Trump’s Mar-a-Lago, where he is having a…
[ad_1] Five successive chief executives shared a total of £15.2m This number will swell to as much as £22.6m by time takeover is completed Critics said public would be ‘outraged’ by huge sums given poor level of service By Jessica Clark Updated: 16:55 EDT, 28 June 2024 The bumper pay handed to Royal Mail bosses…
[ad_1] By Jessica Clark Updated: 17:00 EDT, 26 June 2024 The boss of Royal Mail’s owner could rake in more than £5million from the sale of the postal service to the ‘Czech Sphinx’. Martin Seidenberg, the chief executive of International Distribution Services (IDS), will get a payout due to his shareholding in the firm. The…
[ad_1] By Jon Hopkins Updated: 03:30 EDT, 22 June 2024 The sun has finally come out for the FTSE 100 after a dismal start to the summer. Britain’s blue-chip share index logged a weekly gain yesterday – its first in six weeks. Investors have been encouraged in recent days by news of inflation falling back…
[ad_1] Daniel Kretinsky stunned the City when he revealed plans to take over the owner of Royal Mail. And it was an even bigger surprise to many when the board of International Distribution Services (IDS), the delivery business’s parent company, unanimously backed the Czech billionaire’s £3.6billion offer. Royal Mail’s privatisation back in 2013 had been…