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PRESS DIGEST- British Business - Sept 5

Wed, 05th Sep 2018 00:51

Sept 5 (Reuters) - The following are the top stories on thebusiness pages of British newspapers. Reuters has not verifiedthese stories and does not vouch for their accuracy.

The Times

TSB faces an outcry over the decision to hand its departingboss 1.7 million pounds ($2.19 million) in pay and bonuses aftera five-month IT disaster that at times left its five millioncustomers without access to their money and led to a surge infinancial fraud. http://bit.ly/2Q3MVoH

Bank of England Governor Mark Carney told MPs on theTreasury select committee that he was "willing to do whateverelse I can to promote a smooth Brexit and an effectivetransition at the Bank of England". http://bit.ly/2Q5KVfB

The Guardian

John Lewis department store chain is axing 270 jobs, just asit changes its name to "John Lewis & Partners" to highlight itis owned by its employees. http://bit.ly/2Q5QISo

The Telegraph

Star fund manager Terry Smith has unveiled plans to float aninvestment trust focussed on backing small and mid-cap globalcompanies. http://bit.ly/2Q5kbM3

Mercedes has launched a new all-electric car in a bid toknock rival Tesla from its spot as market leader in the sector.http://bit.ly/2Q5l9YH

Sky News

Fenwick, the department store chain, is to shed 408 jobs aspart of a cost-cutting plan following a slump in profits. http://bit.ly/2Q6ci9o

The owner of Domestic & General, CVC Capital Partners, hasappointed Rothschild to advise it on an initial public offeringexpected to value the company at about 1.5 billion pounds. http://bit.ly/2Q6cndc

The Independent

Viagogo has announced it is suing Ed Sheeran's promoter overalleged fraud. The controversial ticket resale company said ithas issued legal proceedings against Kilimanjaro Live over thepromoter's decision to cancel thousands of tickets to Sheeran'sshows, which were purchased through Viagogo. https://ind.pn/2Q62kEP($1 = 0.7779 pounds)(Compiled by Bengaluru newsroom)

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7 Sep 2018 00:01

British shops endure worst August for three years -BDO survey

LONDON, Sept 7 (Reuters) - British shops suffered their worst August in three years, a survey showed on Friday, as inflationary pressures and a record heatwave drove consumers away and a shift to

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29 Aug 2018 09:23

Dunelm Non-Executive Director Departs To Become Debenhams Finance Boss

LONDON (Alliance News) - Dunelm Group PLC on Wednesday said Non-Executive Director Rachel Osborne has resigned immediately after her appointment as chief financial officer at fashion retailer was

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22 Aug 2018 08:40

Debenhams Appoints Former Domino's Finance Boss Osborne As CFO

LONDON (Alliance News) - Department store chain Debenhams PLC said Wednesday that it appointed Rachel Osborne as chief financial officer, with effect from September 17.Osborne previously as

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22 Aug 2018 08:05

UPDATE 1-UK's Debenhams names Rachel Osborne as new finance chief

LONDON, Aug 22 (Reuters) - Debenhams, the British department store group that has issued three profit warnings this year, said on Wednesday it had recruited a former chief financial officer of to

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22 Aug 2018 07:16

Debenhams names Rachel Osborne as new finance chief

LONDON, Aug 22 (Reuters) - Debenhams, the British department store group that has issued three profit warnings this year, said on Wednesday it has recruited a former chief financial officer of as

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5 Jul 2018 13:07

UK retail says no-deal Brexit will see "food rotting at ports"

* BRC warns of risk to food supply and food prices * Plea made ahead of key meeting of UK ministers LONDON, July 5 (Reuters) - The British government and the European Union must a up

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24 May 2018 13:06

John Lewis Of Hungerford Interim Loss Narrows As Sales Improve

LONDON (Alliance News) - Bedrooms and furniture retailer John Lewis of Hungerford PLC said on Thursday its loss narrowed in the first half of its financial year due to an improved sales the six to

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5 May 2018 21:40

Amazon unsuccessfully approached UK supermarket Waitrose in 2017 - Sunday Times

LONDON, May 5 (Reuters) - Amazon made an unsuccessful informal attempt to buy upmarket British supermarket chain Waitrose late last year, the Sunday Times newspaper reported. Citing an the

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14 Mar 2018 13:17

LightwaveRF Signs Several Supply And Distribution Agreements

LONDON (Alliance News) - Smart home products provider LightwaveRF PLC said on Wednesday it has made a series of distribution arrangements for UK retail to

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8 Mar 2018 13:33

M&S boss Rowe, new chairman Norman see eye to eye on strategy

* CEO says agrees with chairman on 85 pct of issues * UK consumer "fragile" and "volatile" - Rowe * "Very pleased" with small James

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8 Mar 2018 10:56

UPDATE 1-Britain's John Lewis expects profit squeeze from competition

By Sarah Young LONDON, March 8 (Reuters) - Retailer John Lewis expects further pressure on profits in 2018 after a 22 percent drop last year as a result of persistent a

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31 Jan 2017 15:09

John Lewis of Hungerford in line after store closures

(ShareCast News) - Manufacturer, designer and retailer of fitted kitchens, kitchen furniture and bedroom furniture, John Lewis of Hungerford, was holding its annual general meeting in Oxfordshire on Tuesday afternoon. The AIM-traded company's chairman, Gary O'Brien, addressed shareholders on the c

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5 Sep 2016 09:24

John Lewis of Hungerford managing director Jon Rosby to step down

(ShareCast News) - John Lewis of Hungerford said on Monday that Jon Rosby will stand down as managing director on 30 September after ten years in the role. The kitchen, bedroom and furniture retailer said Rosby was leaving by mutual agreement to pursue other opportunities and will be succeeded by Ki

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11 Aug 2016 09:43

WINNERS & LOSERS SUMMARY: DFS Furniture Is Sitting Comfortably

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