How Steven Bartlett’s first Dragons’ Den investment collapsed May 14, 2025 The full story of how the first company that Steven Bartlett invested in when he joined hit BBC One show Dragons’ Den collapsed and was rescued has been revealed for the first time. City AM reported in March that artisan cheese retailer Cheesegeek had been acquired by Scotland-based Albex Group for what was then described [...]
M&S to make £100m cyber claim from Allianz and Beazley May 14, 2025 Marks and Spencer is preparing to claim as much as £100m from its cyber insurance policy, following a major cyber attack that disrupted operations and led to the theft of some customer data. The UK retailer admitted for the first time on Tuesday that personal information, including customer contact details, dates of birth, and online [...]
Co-op: All forms of payment now working after cyber attack May 14, 2025 The Co-op has told its customers that all forms of payments are now working at its stores and online while stock levels should improve by this weekend. The Manchester-headquartered group, which operates almost 2,400 stores around the UK, said it is in “the recovery phase” after suffering a significant cyber attack which caused two weeks [...]
Burberry plans to cut a fifth of workforce in cost-cutting drive May 14, 2025 Burberry has told investors it plans to cut nearly a fifth of staff in the next two years as it looks for cost savings to aid its significant turnaround plan. The British luxury giant plans to shed 1,700 jobs by 2027, nearly 20 per cent of its 9,300-strong workforce. It said the savings in “people-related [...]
US-based pawnbroker Firstcash to buy H&T May 14, 2025 A US giant has made an offer for the UK’s largest pawnbroker, H&T, taking yet another firm off London’s stock market. The deal, which was the fourth Firstcash made to the UK firm, valued the share capital of H&T at approximately £297m. It represents a premium of approximately 44 per cent to the closing price [...]
M&S: FTSE 100 shares rise after major cyber attack update May 13, 2025 Marks and Spencer’s (M&S) share price has risen as investors breathed a sigh of relief that hackers haven’t accessed ring-fenced bank details, although the cyber attack remains ongoing. The FTSE 100 retail giant told markets this morning that some customer data was stolen during the attack, but that the data does not include useable payment [...]
M&S admits hackers stole personal customer data in cyber attack May 13, 2025 M&S has told customers that some of their personal data was stolen during the serious cyber attack the company has been battling for three weeks. The retail giant said that the data does not include useable payment or card details, nor does it include account passwords. It said there is no need for customers to [...]
Retail sales shoot up in sunniest spring on record May 13, 2025 Retail sales rose at their fastest rate for more than a year after warm weather drove Brits to bring forward summer purchases. Total retail sales in the UK increased by seven per cent year on year in April after declining of four per cent in the same month last year, according to new figures from [...]
Debenhams: Shares in Boohoo owner rise amid £175m refinancing talks May 12, 2025 Shares in Debenhams Group, which also includes brands such as Boohoo, have risen amid talks over a £175m refinancing its huge debt pile as it looks to turn around the struggling business. The owner of Pretty Little Thing, which rebranded to Debenhams earlier this year in a shift to a marketplace model, has been struggling [...]
Brent Cross shopping centre taken over in £200m deal May 12, 2025 London’s Brent Cross shopping centre is to come under the full control of Hammerson after a £200m deal to buy out Aberdeen was confirmed. Hammerson, which currently owns 41 per cent of the landmark shopping centre, will raise its stake to over 90 per cent by acquiring units from the Aberdeen UK Shopping Centre Trust. [...]