LK Bennett to close 15 stores and shed 110 employees after Chinese partner buys retailer April 12, 2019 LK Bennett is set to close 15 of its 36 stores throughout the UK and Ireland, making more than 100 employees redundant in the process, after the womenswear retailer was bought by its Chinese partner. Read more: Bonmarche fights back against Philip Day's £5.7m takeover bid The sale of the company was completed late on [...]
Games Workshop shares jump as Warhammer creator predicts rising profits April 12, 2019 Games Workshop’s shares climbed steeply today following a forecast of rising profits after a strong start to the year. Read more: Games Workshop enjoys record year as business remains 'in great shape' In a trading statement the games and figurine company said it expected profit before tax for the year ending 2 June to be [...]
What do we know about Disney’s streaming service? April 12, 2019 Disney is set to take on the might of Netflix and Amazon with a new streaming service – Disney Plus – which it announced last night at its California headquarters in Burbank. Here are six things we know about the new offering from the mouse-branded entertainment behemoth. 1) It launches in North America in November [...]
Revealed: The 10 best affordable areas to live in London April 12, 2019 Ten London locations have made the annual Sunday Times' list for the best places to live in the country, with Isle of Dogs taking the crown for best London location. Read more: Brexit uncertainty will drag down London house prices over 2019 While living in London still remains more expensive than living out of the city, [...]
AA: A sustainable recovery of its own? April 12, 2019 | City Talk After a decent start to 2019, our head of markets kicks the tyres after these uninspiring results. There is certainly a great deal going on under the bonnet at AA (LSE:AA.), although by its own admission there remains much to be done. One measure of progress is the number of contract wins the company has [...]
UK stats body to receive £9m to develop ‘super fast’ economic indicators April 12, 2019 The UK’s statistics body will receive a funding boost of £9m to help develop new “super fast” economic indicators to help it more accurately measure Britain’s increasingly complex economy. Read more: UK statistics body to start using new, quicker indicators The money will also allow the Office for National Statistics (ONS) to implement a new [...]
Competition watchdog expresses concern over Rentokil and Mitie merger April 12, 2019 The UK's Competition and Markets Authority (CMA) has warned Rentokil Initial it may have to investigate the company after its completed takeover of Mitie's pest control arm has severely reduced competition in the sector. The competition watchdog has given Rentokil a deadline of April 23 to outline how it will address concerns that prices could [...]
FCA to investigate Wasps rugby club over financial statements April 12, 2019 Wasps Rugby Club is reportedly under investigation by the Financial Conduct Authority (FCA) over whether it misled the market about its financial position. Read more: City watchdog strengthens post-Brexit ties with Australian regulator The UK's financial regulator is looking into the Premiership side's financial results from 2017 after it was revealed that the club had [...]
Provident Financial blasts Non-Standard Finance over failure to respond to concerns April 12, 2019 Doorstep lender Provident Financial said today it remains “gravely concerned” that Non-Standard Finance (NSF) has failed to respond to questions it raised in relation to NSF’s takeover bid. NSF made a £1.3bn offer for struggling sub-prime lender Provident in February that was rejected by the company, but has continued its pursuit despite opposition from Provident’s [...]
Indian airline Jet Airways grounds all international flights as money woes grow April 12, 2019 Struggling Indian airline Jet Airways has reportedly cancelled all its international flights today, after it grounded 10 aircraft yesterday for financial reasons. The cash-strapped airline has cancelled all international flights, Indian media reports. Read more: Jet Airways chairman Naresh Goyal to stand down from board According to its website, its flights scheduled to depart today [...]