John Lewis Partnership is reportedly planning to axe 11,000 jobs over the next five years after slashing its redundancy pay for employees. At least 10 per cent of the company’s …
Financial Planning
Richard Caring kicks off £1bn Ivy restaurant group auction
Billionaire restaurateur Richard Caring has reportedly launched an auction starting at £1bn for his share in The Ivy and its sister restaurants. HSBC has started distributing marketing materials to potential …
Amanda Staveley mounts fresh legal action against Barclays over 2008 Qatari rescue
Dealmaker and co-owner of Newcastle United Amanda Staveley has mounted new legal case against Barclays over a rescue deal the bank made with Qatar during the financial crisis. Funds tied …
EY quits as Asda’s auditor amid criticism of Issa brothers
Big Four accountant EY quit as Asda’s auditor last summer in yet another blow to its embattled co-owner EG Group, led by brothers Moshin and Zuber Issa. EY notified the …
Jannik Sinner pays tribute to parents after spectacular maiden Grand Slam win
Jannik Sinner thanked his parents for letting him choose tennis over skiing and football after coming from two sets down to win his first Grand Slam title at the Australian …
UK ‘complacent’ on data protection, OVH Cloud chief warns
The UK is being complacent in its approach to data protection, the boss of French cloud provider, OVH Cloud, has warned. Michel Paulin, who was appointed chief executive of the …
Tory MPs plotting against Sunak are ‘not my friends’, Kemi Badenoch says
Conservative MPs who are plotting against Rishi Sunak are “not my friends”, Kemi Badenoch has insisted. The business and trade secretary told the BBC she was “extremely frustrated” by the …
Firms prepare bids for MTR’s £3bn Elizabeth Line contract
A number of major transport operators are preparing bids to take on the £3bn contract to run the Elizabeth Line once it comes up for renewal, according to reports. Hong …
Cricket: Ben Stokes hails Pope and “greatest triumph” under Bazball
England Test cricket captain Ben Stokes has hailed his side’s “greatest triumph” as the tourists came from a 190-run deficit at the half-way point to beat India by 28 runs …
Brit Marianne Lake tipped to succeed Jamie Dimon as JP Morgan boss
British banking executive Marianne Lake is among the leading candidates set to take over from Jamie Dimon as chief executive of JP Morgan after a reshuffle of the US giant’s …