Co-op trials blockchain technology
Co-operative Group is trialling a new blockchain technology that can be used to track food from source to ensure its authenticity and sustainability
retail
M&S announces job cuts and relocations to slash costs
Marks & Spencer is to cut more than 500 head office jobs and move hundreds of IT and logistics staff out of London in a bid to cut costs, as the retailer continues to post falling sale
Smith & Nephew finance chief bags Burberry CFO role
Smith & Nephew have announced the departure of CFO Julie Brown, with the former AstraZeneca finance chief set to join Burberry in early 2017
Tesco Bank recruits new CFO from RBS
Tesco Bank names Declan Hourican, the finance chief of Royal Bank of Scotland’s restructuring division, as its new chief financial officer
Sainsbury’s CFO to run Argos owner after acquisition
Sainsbury's CFO John Rogers will lead Home Retail Group once the takeover is completed
BHS enters liquidation as rescue deal collapses
Administrators Duff & Phelps confirmed that although multiple offers for BHS were received, attempts at a rescue deal collapsed
Austin Reed collapses as administrator fails to find buyer for 116-year old business
Administrator AlixPartners said it would wind down the estate with all stores anticipated to close by the end of June, affecting around 1,000 staff in 120 locations
Arcadia FD warned about BHS buyer ahead of sale, MPs told
Paul Budge, Arcadia Group’s finance director, was told that BHS buyers had no retail experience
FRC comes under pressure to investigate BHS sale
MP urges the FRC to investigate those involved with sale of BHS prior to its collapse into administration
Director behaviour at BHS to face Insolvency Service probe
The fast-track move is a bold departure from the norm, as a probe would normally only begin several months after administrators had finished their own enquiries
