Page 4 - City Intelligence News Today

1 April 2021 • 2:08pm Business and April Fools jokes tend not to mix, as Volkswagen reminded everyone this week with a poorly executed gag about a name change. Its American operations would be called Voltswagen, it said, a nod to an electrical future. Get it?  Except someone forgot to remind the pranksters that the whole point of an April Fools joke is that it is supposed to coincide with April Fools Day, otherwise the joke is on you, and VW made the announcement a whole three days before. ...

This article is from The Telegraph’s City Intelligence newsletter. Sign up here for incisive analysis of the days biggest corporate story from our chief City commentator Ben Marlow. Talk about flaky, and not just sales of pasties and sausage rolls. Yes, a phenomenal roll has come to an end at Greggs. Annual sales have taken a £300m hit, equivalent to a third, and having posted pre-tax profits of £108m in 2019, the master baker has slumped to its first loss since joining the stock market ...

Yoghurt wars smell off, exposing fickle protectionism of French establishment By staying silent on the coup staged at Danone by activist investors, the French Government is proving its hypocrisy This article is from The Telegraph’s City Intelligence newsletter. Sign up here for incisive analysis of the days biggest corporate story from our chief City commentator Ben Marlow. Something smells off in the French yoghurt wars. Remember when French Prime Minister Dominique de Villepin declared D...

Shopping centre owner Hammerson is in need of some retail therapy as the online shopping revolution bites

John Lewis as you knew it is already dead Reeling from a massive pandemic-induced loss, boss Sharon White is throwing everything at the company’s survival 11 March 2021 • 12:59pm This article is from The Telegraph’s City Intelligence newsletter. Sign up here for incisive analysis of the days biggest corporate story from our chief City commentator Ben Marlow. John Lewis as you know it is already dead. The pandemic has seen to that. Middle Englands favourite retailer was in trouble before...

Greensills downfall is a warning for all fintech pretenders The lender claimed to be revolutionising small business financing with technology, but all it did was offer IOUs 10 March 2021 • 6:06pm This article is from The Telegraph’s City Intelligence newsletter. Sign up here for incisive analysis of the days biggest corporate story from our chief City commentator Ben Marlow. How easy is it to call yourself a tech company these days? Take Greensill, the soon-to-be defunct lending shop whose ...

The food delivery firm is set for a blockbuster £8bn float, but suspicions remain that the valuation has been distorted by Covid

Greensill flop shows advice has a price After the implosion of the Australian lender, star-studded boards may come to be seen as a giant red flag for investors This article is from The Telegraph’s City Intelligence newsletter. Sign up here for incisive analysis of the day’s biggest corporate story from our chief City commentator Ben Marlow. Poor old David Cameron. As if being the face of luxury garden sheds wasn’t embarrassing enough, the former Prime Minister is now the pin-up star o...

Boohoo continues to struggle with allegations of slave labour in its factories and now faces a potential US import ban to boot

Barclays’ court win over financier is the definition of a hollow victory The bank has avoided a damages claim for hundreds of millions - but this is no public relations triumph This article is from The Telegraph’s  City Intelligence newsletter. Sign up here for incisive analysis of the days biggest corporate story from our chief City commentator Ben Marlow. You can imagine the high fives and backslaps at Barclays HQ as a High Court judge delivered his verdict in its high profile legal t...