🚨PERSONAL NEWS🚨 This weekend I edited my last Sun @telebusiness section after 4 fantastic years in one of Fleet Street’s best jobs. Delighted to be taking on the role of the Telegraph’s new city commentator and that v. talented @cg_williams will be the next Sun business editor
Britain was the workshop of the world. Now factories are fighting for their lives - my Sunday essay on how astonishing neglect and ignorance among ministers, combined with Labour's muddled energy and industrial policy, is speeding up de-industrialisation https://t.co/OxDbEbYzlG
Incompetence, naivety, and ideological dogma, have left Britain at the mercy of a devastating cost of living crunch - my latest column https://t.co/HK1aDB0aR5
Worth stressing that sources close Modella Capital, the firm behind TG Jones, say no decision has been made and there are alternatives to store closures. Landlords to many will be asked to agree to cheaper rents. Modella may also ask WH Smith to provide financial support.
EXCLUSIVE: Owner of WH Smith's high street stores - now trading as TG Jones - hires restructuring advisers Teneo, in a move that could lead to scores of store closures: https://t.co/DDgkffXuf5
SCOOP with @j_a_warrington Buyer of Peter Mandelson's stake in his advisory firm is understood to be Rebecca Park, who succeeded Benjamin Wegg-Prosser as boss of Global Counsel, after he stood down on Friday. Unlike his co-founder, Wegg-Prosser plans to hold onto his shares.
EXCLUSIVE More bad news for the high street: Administrators at Interpath officially appointed to Glasgow-based fashion chain Quiz Retail. 40 stores and 565 jobs expected to go. Company blaming "strong economic headwinds" inc. increases to business rates and employment costs🧐
EXCLUSIVE High street clear out continues with bargain fashion chain Quiz on the brink of collapse just days after we revealed it was seeking rescue financing. Notice to appoint administrators filed. 40 stores and hundreds of jobs at risk. Story up soon on @TeleBusiness
EXCLUSIVE Fashion chain Quiz seeks lifeline as gloom grips high street. Retailer pinning much of the blame for its woes on the Chancellor - a bit rich perhaps given it's twice been in administration, including only last February https://t.co/gXTS1ztj1I
EXCLUSIVE Turnaround firm Gordon Brothers has bought LK Bennett out of administration. Stores to close, brand to survive. Deal to be announced this morning, confirming my scoop that it had gatecrashed takeover talks. Gordon Bros currently trying to revive Poundland.
Britain’s hapless water watchdog is asleep on the job again - my column on Ofwat's characteristically late, + pointless intervention in the South-East Water fiasco. The regulator is being scrapped & it can't come soon enough https://t.co/2LdAgu2OpA
The towns where the taps ran dry - joint effort with @PaddyGalbraith on how South East Water stole the crown of Britain’s worst utility from basket-case Thames Water https://t.co/4a6PR7537R