ALEX BRUMMER: Watchdogs failed to bark over Greensill’s demise

The fall into insolvency of London-based Greensill Capital provides an object lesson in how hype overcomes judgment. The spread-out structure, with a registered office in Queensland, headquarters in London and ownership of a bank in Germany makes for regulatory chaos. The most recent accounts, filed at Companies House on January 31, 2020, pose more questions … Read more

ALEX BRUMMER: Greensill Capital’s demise is a crisis with past echoes

Crisis with past echoes: Greensill’s operation was not that different to the slicing of sub-prime mortgages, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 22:16 GMT, 2 March 2021 | Updated: 22:44 GMT, 2 March 2021 The collapse into insolvency protection of Australian lender Greensill Capital, which conducts most of its business … Read more

Ex-Debenhams boss says he’s not to blame for the chain’s demise

Ex-Debenhams boss says he’s not to blame for the chain’s demise after his tenure left it loaded with more than £1bn of debt Rob Templeman, 63, was CEO of Debenhams for eight years until 2011.  He denied the sale-and-lease-back of 23 stores contributed to the firm’s demise  It owed £700 million to creditors when it … Read more

Demise of BOGOF deals and other promotions pushes grocery prices up 2.4 per cent in a MONTH

Demise of buy-one-get-one-free deals and other promotions pushes grocery prices up 2.4 per cent in a MONTH as Britons reel from the impact of coronavirus crisis Prices rocketed up between March 18 and April 17, the IFS reported today  More than half the rise could be linked to a massive decline in promotions It came … Read more

Twitter and BT could make working home permanent, amid concern over demise of traditional offices

The traditional office could be a thing of the past as companies announce they will let employees work from home permanently, leaving empty commercial real estate across the UK.  Social media giant Twitter told its 5,000 employees, including those at its London office, on Tuesday it would be their decision on whether they want to … Read more

Virus could cause demise of the office job, says UK’s biggest landlord

Demise of the office job: As millions work from home, Britain’s biggest landlord fears virus could force firms to cut back on building space By Matt Oliver For The Daily Mail Published: 23:36 BST, 12 May 2020 | Updated: 00:21 BST, 13 May 2020 The Covid-19 pandemic could trigger the decline of the traditional office … Read more