Mike Ashley’s Frasers Group has launched fresh accusations against fast-fashion retailer Boohoo, claiming undisclosed payments to Umar Kamani, son of founder Mahmud Kamani. The allegations emerged following Frasers Group’s unsuccessful
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In a significant shift of corporate strategy, Starbucks has announced the reversal of its 2018 open-access policy in North America, now requiring visitors to make a purchase to utilise their
The founder of RBG Holdings, Ian Rosenblatt, has declared the listed legal services group “insolvent” amidst an intensifying boardroom dispute. The situation reached a critical point as Rosenblatt threatened legal
A nine-year directorship ban has been imposed on Neville Taylor, 57, who stands accused of systematically undermining the UK’s insolvency system by aiding struggling business owners in debt evasion. Taylor,
British public companies face mounting pressure from aggressive US activist investors as depressed valuations make FTSE-listed firms increasingly attractive targets. A comprehensive report by management consultancy Alvarez and Marsal (A&M)
The employee review platform Glassdoor has uncovered evidence of attempted manipulation of employer ratings for the British discount retailer B&M. The platform has taken the extraordinary measure of displaying a
A significant shareholder rebellion has erupted at Playtech over a contentious €100 million cash bonus scheme for senior executives. The FTSE 250 gambling technology group faced strong opposition at Thursday’s
A US appeals court has delivered a significant blow to corporate diversity initiatives by striking down Nasdaq’s rules aimed at boosting the representation of women and ethnic minorities on company
Retail magnate Mike Ashley has issued a stark warning to Boohoo shareholders, emphasising the crucial need to prevent any potential “fire sale” of company assets amidst his ongoing campaign for
Metro Bank’s senior leadership has demonstrated renewed confidence in the company’s trajectory through significant share purchases, following a period of regulatory challenges and financial turbulence. The bank’s share price has
A former senior executive at budget airline Wizz Air has been slapped with a £123,500 fine by the Financial Conduct Authority (FCA) for unauthorised trading of company shares valued at
The largest department store chain in America has postponed its quarterly financial report following the discovery that an employee concealed expenses totalling up to £154 million. Macy’s revealed on Monday
British politicians are demanding decisive action against money laundering through UK territories as a crucial summit approaches this week. Labour’s Dame Margaret Hodge and Conservative MP Andrew Mitchell have voiced
In a significant move to tighten communication controls, NatWest has implemented a comprehensive ban on WhatsApp usage for work-related communications. The British banking giant has also blocked several other messaging
Agricultural commodities giant Archer Daniels Midland (ADM) has cancelled its quarterly results webcast with investors following the discovery of financial-reporting errors, deepening the crisis that began when it placed its
Evangelos Mytilineos, the Greek energy and metals magnate, is on a mission to take his family’s eponymous conglomerate, Mytilineos Holdings, to the London Stock Exchange. The Athens-listed company, recently rebranded
