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“Nothing but difficult” is how one retail analyst describes the road ahead for Morrisons boss Rami Batiéh. Since taking charge of the grocer in November 2023, the chief executive has faced an uphill battle, as the group – once a firm member of the UK’s ‘big four’ – is outpaced by its rivals. Batiéh, whose [...]
The Premier League is underway and you may have noticed a lack of shirts featuring gambling and casino brands. That’s not because they’ve been banned outright, but because the 20 Premier League clubs agreed to a voluntary removal of the sector from the coveted front-of-shirt advertising space. It has meant a mad rush for those [...]
EUROPE’s richest handicap, the Ebor (3.35pm), headlines Saturday’s card from York. We’re already in a good position in this fiercely competitive contest, having taken an ante-post position on EMIT at 25/1 a few weeks ago. Joseph O’Brien’s four-year-old looks set to go off as one of the favourites for this, with a current best price [...]
THERE’s a star-studded line-up for this year’s Group One City of York Stakes (3.00pm), with a host of Group One winners lining up for what promises to be a fascinating renewal. Notable Speech drops back to seven furlongs for this, having done most of his racing over a mile. His latest run in the Group [...]
Former Goldman Sachs executive and Tory Treasury minister Lord Jim O’Neill has declined a job in Andy Burnham’s government, in a blow to the Prime Minister as he looks to woo business ahead of the Budget. O’Neill served as an informal economic adviser to Burnham before his election as Labour leader and had been in [...]
The betting black market could take £1bn in illegal Premier League bets within a year, analysis has warned ahead of tonight’s kick-off. The Premier League returns this weekend with its 20 clubs voluntarily banning gambling and casino brands from occupying the lucrative front-of-shirt sponsorship slot. Gambling brands – not all of whom are regulated within [...]
In one week Fenway Sports Group (FSG) sold 38 per cent of Liverpool to a consortium led by Amit Bhatia that also includes Jeff Bezos and Eduardo Saverin at a £5.5bn valuation, and former Disney chief Bob Iger and Donald Trump-linked Josh Kushner agreed to buy the LA Lakers for £9bn. These deals are massive, [...]
Nationwide has warned that the financial returns from workplace AI remain difficult to quantify, even as the building society rolls out the technology to around 16,000 staff. Around 1,000 employees across the combined Nationwide and Virgin Money finance team now have premium Microsoft 365 Copilot licences, while some 2,500 engineers are using Github Copilot. Paul [...]
It is quite simple really: the Greatest Rivalry series between South Africa and New Zealand, which starts on Saturday, needs to be a real money-spinner for the Springboks. It should see every seat occupied for the three Tests – in Johannesburg and Cape Town – and healthy crowds for the All Blacks matches against the [...]
Prince Harry and six other high-profile figures have been ordered to pay £9.54m towards the Daily Mail publisher’s legal costs after losing their long-running privacy case. Judge Matthew Nicklin Nicklin ruled on Friday that the claimants must make an interim payment of £9,544,355 to Associated Newspapers by 28 August, after the publisher ran up costs [...]
A plant producing chlorine that cleans 98 per cent of Britain’s drinking water has been saved from collapse by Jim Ratcliffe’s Ineos, in a move that also help could prevent the UK becoming reliant from imported salt for the first time in history. Ineos Inovyn, the chlorine arm of the billionaire’s chemicals empire, said on [...]
American billionaire Bill Ackman will donate $400m to brain research after his daughter suffered a haemorrhage that left her in a coma. The investor, whose Perishing Square hedge fund is one of the most famous investment management firms in the world, announced plans to donate the vast sum to a newly established research institute named [...]
A rebound in the UK economy over August has failed to turn around the country’s flagging labour market after nearly two years of job losses, new estimates have shown. Data tracked by S&P Global suggested the UK’s private sector grew at the fastest pace in four months in August despite concerns around business costs and [...]
Andy Burnham will struggle to deliver “fundamental” cost of living support without raising taxes, economists have warned, after a spike in government bond yields in recent weeks. Higher than expected government borrowing in July has deepened problems for the UK’s public finances, narrowing the range of extra cost of living measures that could be adopted [...]
Consumer confidence rose for the fourth straight month in August in a sign that Brits are buying into the government’s push to tackle the cost of living, a leading survey has suggested. GfK’s consumer confidence index rose to -14 this month, up three points from the net score last month. Consumer confidence has been rising [...]
WITH the rain that has fallen at York and dry conditions forecast for the rest of the meeting, the ground could ride tacky on Friday. That’s likely to place emphasis on stamina and the conditions should suit French raider RAYEVKA in the day’s big race, the Group One Nunthorpe Stakes (3.35pm). Francis-Henri Graffard’s four-year-old is a [...]
FRIDAY’s card opens with a competitive mile handicap (1.50pm) featuring lots of unexposed three-year-olds. One of those is William Haggas’ ZENNOR STORM who looks a winner waiting to happen. He finished with a flourish to be second at Goodwood last time. He was beaten a length by Exclusive Code that day but did best of those that were positioned towards [...]
The litigation costs Prince Harry and a group of six other household names will have to pay the Daily Mail’s publisher are set to be decided on Friday after the group lost their high-profile phone-hacking case. The celebrity group waged a long-running legal battle against Associated Newspapers over allegations of illegal information gathering and phone [...]
Two years ago I reviewed Google’s folding phone and I was blown away. The extra screen real estate was transformative, particularly for someone like me who spends most of their time on smartphones reading. So enamoured by this device did I become that I ditched my previous handset and made it my own. I confidently [...]
For most, the City of London is defined by the rhythm of the working week. Offices fill from Monday to Friday, and the streets fall quiet at the weekend. But since the pandemic that pace has changed, and incredibly the Square Mile offers so much beyond the traditional 9-5. A weekend in the City of [...]
Frasers Group has offered to secure the pay of personal shoppers and stylists at Harvey Nichols after Mike Ashley’s retail empire bought the luxury department store. The Sports Direct and Flannels owner will make “goodwill payments” to a number of personal shoppers and stylists who were left owing money when Harvey Nichols collapsed. Frasers snapped [...]
Supermarket chain Iceland has shared a subtle dig at management consultants on its website. There is a tongue and cheek reference to a £16m spend on external consultancy firms which include Big Four giant PwC, during a turbulent era for the business in the early 2000s. The retailer, known for selling frozen food, published a [...]
An audacious new athletics league that will see city franchises, road running and stakes sold to competitors is seeking funding to the tune of seven figures ahead of a 2027 launch, City AM can reveal. Former runner Florian Lussy is spearheading the as yet unnamed project – under his R-evo Ventures firm – which will [...]
Chancellor John Healey does not have to raise taxes to offer the UK economy “immediate remedial action” at the Budget, a top City economist has said. Panmure Liberum economist Simon French, who formerly worked at the Treasury, said the fiscal outlook for the government would be “broadly in the same position” as in the beginning [...]
