Wilko job cuts ‘likely’ – but 11th hour talks with Poundland owner continue August 23, 2023 Administrators for Wilko today warned that job losses were “likely” as potential buyers were no longer interested in acquiring the whole group. Wilko first called in the administrators three weeks ago after several months looking for investment failed to bring forth any fruit. Sky News reported today that Poundland owner Pepco Group is in advanced [...]
Ofgem’s Morgan Stanley Whatsapp fine – a one-off or a sign of things to come? August 23, 2023 Troubled energy firms have been in the crosshairs of Ofgem this year, but now the regulator is targeting banks using Whats App - here's why.
London’s West End ‘picking up’ after £102m worth of deals bolsters high street August 23, 2023 The West End showed signs of “picking up” in July as demand from businesses to secure a spot in London’s premier shopping district led to a cluster of five deals totalling £102.2m taking place. So far this year some 58 property transactions have taken place and turnover year to date has reached £1.92bn. This is [...]
Holidaymakers rejoice as JD Wetherspoon opens SECOND pub at Heathrow airport August 23, 2023 In some great news for London jetsetters who enjoy a frosty glass of lager before taking off, JD Wetherspoon has announced it is opening its second pub at Heathrow airport. The budget boozer will open ‘The Star Light’ in Terminal 4 of the busy Hounslow travel hub in the place of former site of Carluccio’s [...]
Energy industry calls for clampdown on brokers as businesses brace for winter August 23, 2023 The role of brokers in the business supplier market is in urgent need of regulation to protect companies from high prices this winter, an industry body has warned.
CMA: Hitachi takeover of Thales’ rail signalling unit won’t impact London Tube projects August 23, 2023 Hitachi’s £1.4bn takeover of Thales’ rail signalling business won’t impact competition in the market for supplying signalling systems for the London Underground, the UK’s antitrust agency said today. The proposed deal led the Competition and Markets Authority to raise competition concerns back in December, as Hitachi and Thales are two of the main suppliers of [...]
Ocado unveils price cuts on 200 goods as shares rise slightly August 23, 2023 Ocado’s share price grew just under one per cent on Wednesday following news it would slash prices on 200 more goods to entice customers. In recent months the tech-driven supermarket, which is owned as part of a joint venture with M&S, has been distancing itself from its reputation as an upmarket grocer with the brand [...]
Bitcoin finds its feet while Ethereum continues to stumble August 23, 2023 Bitcoin is trading around $26k this morning, virtually unmoved from yesterday, while Ethereum has drifted into the negative by 1.4%.
Waitrose: Supermarket gets with the times and launches £5 meal deal August 23, 2023 Upmarket grocer Waitrose has followed in the footsteps of its fellow highstreet stores and launched a meal deal offer. It will launch the British lunchtime staple, which usually consists of a sandwich, drink and snack, on the 30th of August, pricing it at £5. Waitrose has sold pre-packaged sandwiches and wraps in its stores but [...]
Homes more affordable but borrowers stretched by rising mortgage costs August 23, 2023 The cost of a typical house is 6.7 times average earnings in Britain despite the recent slowdown in the property market, according to new figures. Mortgage lender Halifax said this is down from a record high of 7.3 times average earnings last summer, when a UK home cost an average £293,586 and the average annual [...]