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
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John Lewis as you know it is already dead. The pandemic has seen to that. Middle England s favourite retailer was in trouble before Covid swept through the high street but the downturn has left it facing an existential crisis.
Shops are being closed, acres of store space axed, 1,500 partners who thought they had a job for life shown the door, and no staff bonus for the first time since 1953. Even the sacred Never Knowingly Undersold price pledge is under threat. Boss Sharon White has warned that it could take five years to recover.
Greensill s 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 day s 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 collapse has sent shockwaves through the financial world.
For the last few years, the London-headquartered finance firm has been masquerading as a “fintech disrupter”, yet the
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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
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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 of the biggest meltdown in global finance.
Still, at least he’s not embarked on a shameless “portfolio career” like George Osborne, taking any job he can get. Nor has Cameron got mega-rich jetting round the world and occasionally helping to prop up dictators like his predecessor’s predecessor “Teflon Tony”.