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28.06.2021 - 13:42
Business
Sky News
Departure of boss who steadied the ship leaves Burberry with sinking feeling
There are several very good reasons why shares of Burberry fell by almost 10% at one point this morning on news Marco Gobbetti is stepping down as chief executive.Firstly, news of his resignation – to become chief executive of Salvatore Ferragamo in his native Italy – was unexpected. Secondly, it is because Mr Gobbetti is …
28.06.2021 - 11:44
Business
Sky News
No early release from COVID restrictions, Johnson indicates
Boris Johnson has suggested that there will be no early release from COVID restrictions with 19 July likely to remain the date for Freedom Day.The prime minister’s comments came following talks with new Health Secretary Sajid Javid. During a campaign visit to Johnstone’s Paints Limited in Batley, Mr Johnson said: “I had a good conversation …
28.06.2021 - 10:46
Business
Sky News
Nissan UK gigafactory could be announced this week in major commitment to UK
Japanese car giant Nissan could announce plans for a battery gigafactory in the UK as soon as this week, Sky News understands.City editor Mark Kleinman said the carmaker’s electric vehicle strategy, tipped to include production of its Qashqai and Juke models at Sunderland, was also expected to confirm the construction of a battery gigafactory. There …
28.06.2021 - 10:05
Business
Business Live
Wiltshire hotel acquired for £5.5m, creating around 30 jobs
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28.06.2021 - 10:01
Business
Business Live
Leon to open first drive-thru eatery since acquisition by billionaire brothers
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28.06.2021 - 10:00
Business
Business Live
University of Plymouth and Royal Navy partner on marine tech project
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28.06.2021 - 09:57
Business
Business Live
People on the Move: key North East appointments and promotions
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28.06.2021 - 09:52
Business
Business Live
The billions in rail and bus investment that Wales needs
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28.06.2021 - 09:39
Business
Evening Standard
London’s meat-alternative startup THIS secures £11 million to fuel expansion after bumper year
Hyper-realistic meat-free startup THIS has secured £11 million from VC firms to fuel further expansion after enjoying a bumper year. The London-based supplier creates products including THIS “ISN’T” pieces of chicken, nuggets and strips of bacon from soy and pea proteins that can be found on shelves in Waitrose or inside Honest Burger buns. Today …
28.06.2021 - 09:03
Business
Evening Standard
Coca-Cola HBC snaps up 30% stake in 140-year-old Italian roaster Caffè Vergnano
Coca-Cola HBC has taken another step into the coffee market, snapping up a 30% stake in 140-year-old Italian roaster Caffè Vergnano for an undisclosed sum.The firm is set to hold exclusive distribution rights to the brand’s beans and espresso pods outside of Italy once the deal completes later this year.The dual London and Athens-listed bottler …
28.06.2021 - 08:44
Business
Business Weekly
SoftBank boosts CMR Surgical fundraising to c$1bn, a new world MedTech high
CMR Surgical, the Cambridge-based global surgical robotics business, has smashed all MedTech fundraising efforts with a new round that has taken its cash haul in recent years to just shy of $1billion. It gives the business a valuation of more than $3bn. Arm’s parent SoftBank in Japan led the $600m Series D through its Vision …
28.06.2021 - 06:08
Business
Sky News
Burberry shares plunge as Marco Gobbetti quits for ‘another opportunity’
Burberry is to lose its chief executive Marco Gobbetti, almost five years after he was brought in to turn around the luxury brand’s fortunes.The company said he had notified the board of his intention to step down at the end of the year “to take up another opportunity that will enable him to return to …
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