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Studio Retail chief executive stands down almost a year after rescue by Mike Ashley’s Frasers Group
The chief executive of Studio Retail has stepped down almost a year after it was rescued by Mike Ashley’s Frasers Group. Paul Kendrick has left his position at the Lancashire-headquartered company, according to newly-filed documents with Companies House. Mr Kendrick took on the role permanently in March 2021, having served as CEO designate since July …
Business
Evening Standard
Heathrow Airport boss to step down
Heathrow Airport CEO John Holland-Kaye has informed the company’s board that he will step down this year.Holland-Kaye became the boss of Britain’s largest airport in 2014 and led the airport through the Covid-19 crisis, as well as helping to develop expansion plans that included a controversial third runway. He joined Heathrow in 2009 from construction …
Business
Business Live
Superdry chief executive ‘no plans’ to take company private – for now
The boss of fashion chain Superdry says he has no plans to take the company private “at the moment”. Julian Dunkerton, who is the founder of the Cheltenham-headquartered retail group, confirmed the news to the London Stock Exchange on Thursday (February 2). He was responding to recent reports in the press. It means under UK …
Business
Business Live
Cranswick builds on half year momentum with ‘paticularly robust’ Christmas trading as pork performs
Pork proved a Christmas winner for Cranswick as the FTSE-listed food giant posted a “particularly robust” trading update on the vital festive run-in. The Hull-headquartered firm saw revenues accelerate in the 13 weeks to Christmas Eve, and while all four product categories were “strongly ahead of the corresponding period” it was underpinned by “strong demand …
Business
Evening Standard
Shell profits fuel calls for increase in oil and gas windfall tax
The record profits announced by Shell have heaped pressure on Prime Minister Rishi Sunak to increase the windfall tax on oil and gas giants.Labour said Mr Sunak was “too weak” to stand up to energy firms, and the Liberal Democrats said the companies must pay more tax at a time when people were struggling to …
Business
Evening Standard
Shell announces record profits on back of surging gas prices
Energy giant Shell made one of the biggest ever profits by a UK company last year as soaring oil and gas prices, after the Russian invasion of Ukraine, doubled its earnings to a record $39.9 billion dollars (£32.2 billion).The vast scale of the profit at the multinational, which supplies energy to 1.4 million UK households …
Business
Sky News
Shell announces record annual profits of £32.2bn after energy price surge
Shell has announced annual profits of $39.9bn (£32.2bn), doubling from a year earlier and far exceeding the previous record of $31bn in 2008.The London-listed company also posted record fourth-quarter earnings of $9.8bn (£7.9bn). The profits – which were even higher than the $38.17bn (£30.8bn) analysts had expected – came thanks to bumper gas prices as …
Business
Sky News
Boss of British Gas owner says there is ‘no excuse’ after prepay meters forced on vulnerable people
The boss of British Gas’s owner, Centrica, said “there is no excuse” after an investigation found the company sent debt collectors who broke into vulnerable customers’ homes to install prepayment meters.A Times investigation showed a company used by British Gas to pursue debts, Arvato Financial Solutions, forcing their way into homes to fit the devices, …
Business
Sky News
Households cutting energy usage to avoid blackouts ‘likely how we’ll all operate in future’
The head of markets at the National Grid Electricity System Operator has told Sky News that its new energy saving scheme “is likely how we’re all going to operate in the future.”The new Demand Flexibility Service, which allows consumers to volunteer to use less electricity at times of peak demand to help avoid blackouts, has …
Business
Sky News
British Steel draws up plan for 800 job losses amid government funding talks
Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m of taxpayer funding that would partly depend on decade-long employment guarantees.Sky News has learnt that British Steel has been discussing launching a consultation on around 800 redundancies, principally focused on the …
Business
Business Live
Cornwall’s TV and film industry a ‘cluster of national significance’, report concludes
Cornwall and the Isles of Scilly are showing increasing potential to become a “screen cluster of national significance”, according to a new industry report. The study for Screen Cornwall and the British Film Institute (BFI), found there were more than 270 companies active across film, television, video production, equipment hire and digital games. The report …
Business
Business Live
Phenix Salon Suites targeting 50 new UK locations by 2030 after Manchester success for franchise founded by US actress Gina Rivera
Phenix Salon Suites is aiming to open 50 new locations across the UK by 2030 after the success of its Manchester site. The franchise, which was founded by US actress Gina Rivera, has hired Colliers to help lead the search. The brand currently has over 300 locations in the US which provide salon professionals with …

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