Primark Demerges from ABF, Eyes Independent Future
Associated British Foods announces Primark spin-off, creating two separate FTSE 100 companies. Analysis reveals Primark's profit dominance and ABF's challenges in food divisions.
Category : Corporate
Kylie Jenner Sued by Ex-Housekeeper for Toxic Workplace
Former housekeeper Angelica Vazquez files lawsuit against Kylie Jenner, alleging discrimination, harassment, and a toxic work environment during her employment from 2024 to 2025.
Mike Ashley Appeals Trademark Damages in Court
Frasers Group, formerly Sports Direct, challenges damages in trademark case against Beverly Hills Polo Club, arguing unregistered licenses create 'unjust enrichment'.
Amazon Accused of Price-Fixing Collusion in California Lawsuit
Newly unsealed court documents allege Amazon coordinated with vendors to raise prices on products like pet treats and khaki pants, according to California Attorney General Rob Bonta's antitrust lawsuit.
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Tim Cook Steps Down as Apple CEO, John Ternus Named Successor
Apple announces Tim Cook will step down as CEO after nearly 15 years, with hardware engineering head John Ternus set to replace him on September 1. Cook will remain as executive chair.
Tim Cook Steps Down After 15 Years at Apple
After 15 years as CEO, Tim Cook is stepping down from Apple's top role, leaving behind a company that grew from $350 billion to $4 trillion under his operational leadership.
BTS Agency Founder Faces Arrest Over $100M Fraud Probe
South Korean police seek arrest warrant for HYBE chairman Bang Si-Hyuk over allegations he misled investors before company's IPO, potentially gaining $136 million illegally.
Tim Cook Steps Down as Apple CEO, Takes Diplomatic Role
Apple announces Tim Cook's transition to executive chair, focusing on global policy, while John Ternus becomes new CEO. The move highlights Cook's diplomatic legacy amid tech industry challenges.
Primark Demerger from ABF Food Arm Despite War Impact Fears
Associated British Foods announces Primark's demerger into a separate FTSE 100 company, valued at up to £9bn, as sales rise in the UK but fall in Europe due to Middle East conflict pressures.
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Deutsche Bank Hires Citi ECM Banker Evans for UK Push
Deutsche Bank has hired a senior ECM banker from Citigroup, Mark Evans, to strengthen its UK investment banking operations amid a strategic expansion.
Morrisons Manager Sacked for Tackling Spitting Shoplifter
A Morrisons manager with 29 years of service was dismissed after confronting a shoplifter who spat on him, sparking debate over retail safety policies.
LSEG's Leadership Succession Under Intense Scrutiny
The London Stock Exchange Group faces critical decisions over its future leadership, with CEO David Schwimann's tenure and potential successors drawing intense market and political focus amid strategic challenges.
Benchmark Capital Plans £300M War Chest After PE Deal
Schroders-owned Benchmark Capital is set to launch a £300 million investment fund following a private equity deal, targeting UK and European growth opportunities.
ABF to Spin Off Primark in Major Corporate Restructuring
FTSE 100 giant Associated British Foods confirms plans to spin off its Primark retail division, ending months of speculation about the future of the clothing chain.
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JPMorgan's $1.5tn Security Initiative Expands to Europe
JPMorgan has extended its $1.5 trillion security and resilience initiative to the UK and Europe, appointing senior dealmaker Chuka Umunna and Daniel Rudnicki Schlumberger to lead the European push.
Corporate Philanthropy Needs Long-Term Focus for Real Change
Corporate philanthropy must shift from short-term, visibility-driven projects to sustained, multi-year partnerships that build local capacity and co-create solutions for durable outcomes, experts argue.
CAB Payments Lashes Out at Top Shareholder Over Blocked Buyout
CAB Payments has publicly criticized its largest shareholder Helios Investment Partners for rejecting a £241m takeover bid from Stone X, accusing it of ignoring minority investors' interests in the heated corporate battle.
Tim Cook Steps Down as Apple CEO, Ternus Takes Over
Apple CEO Tim Cook abruptly resigns after 15 years, handing leadership to hardware chief John Ternus while staying as executive chairman, mirroring tech industry transitions.
Woolworths Court Case on Fake Discounts Amid Inflation
The ACCC takes Woolworths to court, alleging deceptive discounting on products like Tim Tams and baby rice during economic turmoil, as consumer concerns over living costs escalate.
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Winehouse Stylist Wins Court Battle, Says Health Damaged
Naomi Parry, Amy Winehouse's stylist, wins High Court case against Mitch Winehouse over auction items, revealing the legal fight has severely impacted her health and career.
Morgan Stanley Hikes UK Bonuses to £1.2 Million
Morgan Stanley has increased bonuses for its UK investment bankers to an average of £1.2 million, reflecting strong performance and competitive pressures in London's financial sector.
Primark Demerger Plan Amid Middle East Conflict Pressures
Associated British Foods is poised to reveal plans for a Primark demerger, as Middle East conflict adds to trading pressures and challenges in the food and fashion sectors.
Vodafone Franchisees Sue Over Alleged Fines Incentives
Vodafone is battling a high court claim from 62 former franchisees who allege the telecoms giant incentivised staff to levy millions in fines for minor errors, with comparisons drawn to the Post Office scandal.
Philz Coffee Reverses Pride Flag Ban After Backlash
California coffee chain Philz reinstates Pride flags after CEO apologizes for removal policy. Employee petition garnered over 7,300 signatures protesting the decision.
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Gina Rinehart Loses Court Case, Must Pay Rival Family
Australia's richest person, Gina Rinehart, faces a major financial blow as a court orders her to pay hundreds of millions in royalties to a rival mining dynasty, amid ongoing family disputes.
Sara Davies, £37M Dragon, Still Flies Ryanair
Former Dragons' Den investor Sara Davies, with a net worth of £37 million, reveals she still flies budget airline Ryanair to instill values in her children rather than using private jets.
Metro Bank CEO Pay Hits £2.6m After 1,000 Job Cuts
Metro Bank's chief executive Dan Frumkin receives a record £2.6m pay package, including bonuses, following a rescue deal and job reductions, with potential for £60m more.
Next CEO's Pay Hits Record £7.4m, Could Reach £9.27m
Next CEO Simon Wolfson received a record £7.4m pay package last year, with potential to earn up to £9.27m this year after the retailer increased his salary and bonuses due to sustained outperformance.
Amazon Price-Fixing Allegations Revealed in Unsealed Documents
California authorities allege Amazon pressured sellers to raise prices on competitor sites to maintain its low-price image, according to newly unredacted court documents.
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Gina Rinehart Court Ruling Ends 15-Year Family Feud
A landmark court ruling concludes a 15-year legal battle, forcing Gina Rinehart to pay hundreds of millions in royalties to rival heirs, as explored in a Walkley-nominated podcast episode.
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