Business

Fraser stores in legal battle

A GROUP of landlords has launched a legal challenge against a restructuring of House of Fraser which would see over half its department stores closed and rents reduced on others. In the first challenge in the Scottish courts to a company voluntary arrangement , a petition was filed on behalf of certain creditors. Daily Express :: City and Business Feed

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Royal Mail investors rebel

ROYAL Mail suffered a huge backlash as 70 per cent of investors voted against senior bosses’ pay. It emerged it was paying new chief executive Rico Back a salary of £640,000, £100,000 more than his predecessor Moya Greene, whose contractural entitlements also raised concerns. Daily Express :: City and Business Feed

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Goals 5-a-side kicked into touch

SHARES in Goals Soccer Centres crashed 18 1⁄2p to 68p as it paid the penalty for a profit warning. The five-a-side operator, hit by the Beast from the East this year, suffered a further knock-on in the second quarter due to amateur 11-a-side games deferred from the previous three months. Daily Express :: City and Business Feed

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BITCOIN at Goldman Sachs and Blackrock – how BTC could boost the big banks

BITCOIN and the larger family of cryptocurrencies are slowly convincing those holding the purse-strings at the world’s biggest banks that the time is right to for U-turn on cryptocurrencies. One expert told Express.co.uk that the “whole ecosystem could benefit” if big banks “diversify their investments” into crypto. Daily Express :: City and Business Feed

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