Farfetch applies to appoint UK administrator as investors fight Coupang takeover January 30, 2024 The directors of online luxury goods retailer Farfetch have applied to the English High Court with an application to appoint an administrator.
Morrisons sells forecourts arm to group under same PE owner in £2.5bn deal January 30, 2024 Supermarket Morrisons has completed a £2.5bn deal to sell its 347 petrol stations to Motor Fuel Group (MFG). Both Morrisons and MFG are owned by Clayton Dubilier & Rice (CD&R), the American private equity firm who bought the supermarket three years ago. As part of the transaction Morrisons will take a minority stake of approximately [...]
Diageo GB chief: ‘Guin-fluencers’ and the Six Nations will give us a big boost January 30, 2024 A combination of more diverse audiences, the Six Nations, and socia media are keeping Diageo's home market in fine fettle
Upper Crust: Owner backs guidance but warns of potential hit from train strikes January 30, 2024 Upper Crust owner SSP today reported strong sales boosted by a resilient demand for air and train travel, but warned of a potential future hit from ongoing train strikes.
Mortgage approvals hit six month high in fresh boost for house buyers January 30, 2024 Mortgage approvals rose again last month and climbed to the highest level in six months, in the latest signal that lower borrowing costs are helping aid recovery in the property market. New figures from the Bank of England show the number of buyers receiving a green light grew from 49,300 in November to 50,500 in [...]
Pets at Home issues profit warning after retail sales fail to grow as predicted January 30, 2024 Pets at Home has warned its profits will not be as high as previously forecast after its retail sales faulted.
Diageo: Glass half-empty as Latin American horror show continues for Guinness maker January 30, 2024 Guinness maker Diageo has reported a further decline in earnings in the interim period, as consumers cut back on top shelf booze
Hunt should listen to business leaders on the costly tourist tax January 30, 2024 Can a relatively small change to VAT laws really cost the country as much as West End retailers suggest? To the many of us who don’t choose our next weekend break on the back of a tax-break on our next Gucci handbag, the idea seems ludicrous. But there is a reason so many retailers and [...]
Tourist Tax: M&S and Primark urge Jeremy Hunt to ‘think again’ as £11.1bn wiped of GDP January 30, 2024 Business leaders are piling fresh pressure on the government to scrap its controversial tourist tax as data shows it is eating away at UK GDP and banishing international visitors.
Shop price inflation drops as supermarkets slash costs January 30, 2024 Shop price inflation fell to its lowest level since May 2022, helped by supermarkets continually slashing their prices.