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...“With the organisational simplification behind us and a good quarter under our belt, we have started this critical year on the right foot,” said Citi’s chief executive Jane Fraser....
...The Sports Direct founder is effectively betting that Frasers’ share price will sit above the 820p mark as of this December....
...High street rival Marks and Spencer has been closing dozens of unwanted stores to prioritise new branches in more profitable locations....
...Such sporting commitment — Murray later completes the Manchester doubles event in 58.01 — marks a change from Ashley, his predecessor as Frasers CEO, who was better known for his drinking sessions....
...“Our [organisational] simplification will be done by the end of the first quarter,” said chief financial officer Mark Mason....
...The uncompromising message appeared to mark a change in tone to some employees given Fraser has cultivated an image of approachability during her more than two years at the head of Citi....
...DD’s Arash Massoudi and the FT’s Joshua Franklin reported earlier this week that Mark Sorrell, who co-leads M&A and is the son of advertising executive Martin Sorrell, and Gonzalo Garcia, co-head of European...
...marks a solid vote of confidence in AO’s pivot to profitability story.”...
...Mark Mason, the bank’s chief financial officer, said it would be weeks before Citi set out further details of job cuts at the bank....
...Frasers Group, the UK retailer founded by Mike Ashley, owns about 11 per cent of Currys....
...gaping holes left by the UK’s House of Fraser — even London’s posh Fenwick, which this month looked eerily empty on its last day after more than 130 years....
...Andrea Fraser, civil justice lawyer for the human rights group Justice, said recording the circumstances of people’s deaths “is a basic mark of humanity and an essential public data function”....
...Athleisure retailer Lululemon and sneaker maker Nike, reporting last week, both fell short of the mark....
...“We are committed to developing onshore,” said Citi’s chief financial officer Mark Mason during an earnings call this month....
...Chief Jane Fraser recently hired Andy Sieg, the former president of Merrill Lynch Wealth Management, to revive the bank’s wealth business....
...Citi’s plan to expand in China comes as it undergoes its largest restructuring in more than a decade under chief executive Jane Fraser....
...Mike Ashley’s Frasers Group has sucked up failed retailers and brands for pennies on the pound. That suggests limited options for WHSmith and M&S....
...Marks and Spencer, which for years epitomised the struggles of the British high street, rejoined the FTSE 100 index last year as sales and profits bounced back strongly....
...Citi’s chief financial officer Mark Mason said on Friday that the bank was benefiting across its businesses from higher interest rates, but that Citi’s deposits, unlike rivals, is heavily weighted towards...
...The IPO plan marks the end of a months-long effort to sell the unit....
...The demise of iconic department stores such as Debenhams and House of Fraser has been swiftly followed by a surge in sweet and souvenir shops, as well as a slow recovery in domestic and international visitor...
...The first change is sudden: a swimming accident leaves 17-year-old Henry Fraser paralysed from the shoulders down....
...Before the pandemic, John Lewis was blessed with a robust online business, yet it has failed to capitalise on the weakness of competitors like Debenhams, Arcadia and House of Fraser — which left hordes of...
...Called To See Ourselves, McAllister follows her “Yes” campaigner father, Fraser, during the ultimately unsuccessful quest to convince waverers....
...Launched at the time of the UN climate summit and co-chaired by former Bank of England governor Mark Carney, the Glasgow Financial Alliance for Net Zero (Gfanz) acts as a forum for financial institutions...
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