Poundland and B&M deals for 100 Wilko stores facing collapse due landlord haggling October 4, 2023 The acquisition of 100 Wilko stores by B&M and Poundland could fall through, as the discount retailers attempt to negotiate more favourable terms with landlords. B&M, which acquired 51 Wilko stores, has been accused of delaying completing deals while it looks to set up new rent and lease arrangements and to renegotiate the terms in [...]
Prime London Housing market holding up against backdrop of high interest rates October 4, 2023 The prime property market in London appears to be holding up relatively strongly in the face of rising interest rates, according to an index. House prices in prime central London in the third quarter of 2023 were typically 1.2 per cent lower than a year earlier, estate agent Savills reported. Property values across London’s prime property market generally were down by 2.1 per cent annually in the third quarter of this year. [...]
Bitcoin holds steady above key support level of $27,400 October 4, 2023 Bitcoin continues to hold the line above $27k, trading for $27,580 this morning, virtually unmoved in the last 24 hours.
Hitachi’s £1.5bn Thales tie-up gets green light from CMA after proposed sell off October 4, 2023 The UK competition watchdog has given the green light for Hitachi’s £1.5bn takeover of Thales’ rail signalling interests, after the Japanese firm agreed to sell parts of its European mainline business. The Competition and Markets Authority (CMA) launched an investigation into the deal amid concerns that it would reduce competition in the supply of rail [...]
Tesco pledges an ‘affordable Christmas’ as it raises profit guidance on slew of price cuts October 4, 2023 Tesco raised its profit guidance for the year ahead to up to £2.7bn, as the Big Four grocery thanked a slew of price cuts for surging revenues in its interim results. Britain’s biggest grocer’s adjusted operating profit reached £1.48bn during the term, a 13.5 per cent leap when compared to the same period the prior [...]
Scandal-stricken Wandisco confirms rebrand as bosses eye fresh start October 4, 2023 Embattled data firm Wandisco has confirmed it will rebrand as Cirata today as it looks to move on from a major fraud scandal that saw it write off over $100m in bookings earlier this year.
Long-termism makes for good policy, if not a catchy slogan October 4, 2023 As election pitches go, the one that Rishi Sunak is going to try out today is a tad unusual. “You’re all fed up of us, so give us another shot” is not obvious campaigning gold. Yet there may be a nugget in there nonetheless. Sunak’s contention in his speech will be that the country is [...]
Cost of rail strikes mounts to £716m as taxpayers forced to support struggling industry October 4, 2023 Industrial action has cost the rail industry £716m since the feud between unions and operators began, new figures have revealed.
How Petra Diamonds plan to use tech to battle rise of lab-grown alternatives October 4, 2023 Blockchain technology could help diamond sellers confirm the emissions footprint and the quality of working conditions at their mines.
Government’s London Stock Exchange boosterism is anti-competitive, claims rival boss October 4, 2023 The government’s drive to boost the appeal of the London Stock Exchange (LSE) has been slammed as anti-competitive by rival exchange Aquis, which claimed ministers have been unfairly promoting the LSE in their efforts to breathe life into the City’s IPO market this year. The London Stock Exchange’s main market and smaller Alternative Investment Market [...]