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Business

  • Toys ‘R’ Us returns to high street with new WH Smith partnership

    June 1, 2023

    Toys ‘R’ Us will make its return to the high street after five years, revealing plans to open nine concession stands in WH Smith.  In 2017, the children’s retailers declared bankruptcy after years of rising debt and dwindling sales and the following year it shut all 100 of its UK stores.  Its collapse was linked [...]

  • Don’t fear an AI bubble – investor optimism is roaring back, says Hoberman

    June 1, 2023

    A ballooning artificial intelligence (AI) bubble could be a “healthy” sign for the market and shows investor optimism is roaring back, according to one of Britain’s most prolific entrepreneurs.

  • Zahawi, Patel and Rees-Mogg lead calls to abolish ‘morally wrong’ inheritance tax

    June 1, 2023

    Senior Tory MPs including former chancellor Nadhim Zahawi are calling for inheritance tax to be abolished. Prime Minister Rishi Sunak and Chancellor Jeremy Hunt face a call from more than 50 of his MPs to scrap the tax, according to The Telegraph. Writing in the newspaper, Mr Zahawi suggested scrapping the tax and said it [...]

  • Pennon Group swings to loss in “extraordinary year” as pressure mounts on water industry

    June 1, 2023

    Water company Pennon Group swung to a pretax loss in 2023 due to rising costs as the water industry faces pressure to clean up its act .  The owner of South West Water reported a pretax loss of £8.5m, swung from a profit of £127.7m last year as costs increased by over £100m in the [...]

  • Morning in the City: Live updates with Dr Martens, Nationwide HPI and US debt ceiling

    June 1, 2023

    Welcome to the live blog on the first of June, with updates on Dr Martens, Nationwide’s regular House Price Index, the US debt ceiling, and much more!

  • Amazon taxes: Retailer moves into top-15 of UK taxpayers

    June 1, 2023

    Online giant Amazon has revealed it paid £781 million in direct taxes last year, a jump of more than £130 million from the prior year, as it continued its rapid expansion across the nation. The global marketplace and technology firm said it invested more and generated higher revenues over 2022. With a workforce of 75,000 [...]

  • The Notebook: Neil Bennett on Dubai’s past, present and future

    June 1, 2023

    The Notebook is where interesting people say interesting things. Today, it’s Neil Bennett, global co-ceo of H/Advisors, a comms and advisory firm… Going green in the town that oil built I’m in Dubai for the launch of our new H/Advisors’ office here. We are focusing on sustainability communications as the city and the whole of [...]

  • Mark Kleinman dissects the CBI’s rescue plan – plus the boss of Vashi’s vanishing act and Man U’s other battle

    June 1, 2023

    In five days time, Rain Newton-Smith must deliver the performance of her career. At an extraordinary general meeting of the CBI, she will seek to convince thousands of its members that it should survive the maelstrom which has brought it to the brink of collapse. The cards appear stacked against her. Already, the CBI’s principal [...]

  • Interview: Lastminute.com founder Brent Hoberman on why it’s time Britain embraced risk again

    June 1, 2023

    Lastminute.com founder and serial entrepreneur Brent Hoberman tells Charlie Conchie why Britain must embrace risk and regain its entrepreneurial spirit.

  • Monzo: Digital bank narrows losses as it chases fintech rivals toward profitability

    May 31, 2023

    London-based challenger bank Monzo said it narrowed its losses last year and has now swung into the black as it scrambles after its rivals in the race to reach steady profitability.

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