Hawes & Curtis: Profit continues to fall at Dragons’ Den star’s brand August 4, 2025 Profit at Hawes & Curtis, the retailer owned by Dragons’ Den star Touker Suleyman, has shrunk for a second consecutive year despite rising sales. The London-headquartered fashion brand has posted a pre-tax profit of £3.7m for 2024, new accounts filed with Companies House show. That figure compares to the £4.7m it reported for 2023 and [...]
Labour’s Lord Kinnock: Slap VAT on private healthcare August 4, 2025 Labour's Lord Kinnock has called on the government to start charging VAT on private medical insurance in order to raise funds for the NHS
Morrisons cuts over 3,600 jobs as profit passes £2bn August 4, 2025 Morrisons cut more than 3,600 jobs as it returned to profit for the first time since a private equity-backed takeover in 2021. The Bradford-headquartered supermarket giant has posted a pre-tax profit of £2.1bn for the 12 months to 27 October, 2024, new accounts filed with Companies House have revealed. The profit comes after Morrisons made [...]
Auction Technology Group shares tumble after debt-fuelled acquisition of Chairish August 4, 2025 Shares in Auction Technology Group tumbled on Monday after the firm added to its debt pile with the acquisition of furniture marketplace Chairish in a $85m (£64m) deal. The London-listed company said it had extended its revolving credit borrowing capacity to $275m alongside the deal, which was funded by a combination of cash and debt. [...]
Bank of England to cut interest rates but faces dilemma on outlook August 4, 2025 The Bank of England is unlikely to signal faster interest rate cuts at this Thursday’s meeting, leading economists have said, leaving the future of monetary policy in the balance. Monetary Policy Committee (MPC) members are widely expected to agree to cut interest rates by 25 basis points to four per cent. But City analysts have [...]
Papa John’s: UK losses continue as over 70 locations closed August 4, 2025 The UK arm of Papa John’s continued to make significant losses in 2024 as it closed more than 70 locations. The division of the US pizza giant has reported a pre-tax loss of £21.8m for its latest financial year, having also lost £19.2m in 2023. New accounts filed with Companies House also show the firm’s [...]
McDonald’s sheds 2,000 UK jobs as profit almost doubles August 4, 2025 Profit at the UK arm of McDonald’s almost doubled in 2024 as it shed more than 2,000 jobs, it has been revealed. The US fast food giant has posted a pre-tax profit of £120m for its latest financial year, up from the £66.3m it reported in 2023. That figure though was down from the £170.8m [...]
Close Brothers shares rocket after motor finance win August 4, 2025 Shares in Close Brothers rocketed as markets opened on Monday after the bank won its landmark motor finance case at the Supreme Court. Shares in the FTSE 250 lender surged over 25 per cent during early trading, hitting a high of 500p. Close Brothers win Investors rushed to buy the shares after the Supreme Court [...]
President Donald Trump could be given Freedom of the City of London August 4, 2025 President Donald Trump could be offered the Freedom of the City of London during his second state visit to the UK in September. The Independent has reported that the Freedom is on the table to get the US President in the room with the City of London Corporation, which hopes to use the symbolic honour [...]
Motor finance: Lloyds shares jump after ruling August 4, 2025 Shares in Lloyds Banking Group and Close Brothers jumped in early deals this morning after the Supreme Court’s landmark motor finance ruling last week. Lloyds shares jumped 5.5 per cent in early deals to 80p – a five-year high. Shares in Close Brothers jumped 22 per cent. Analysts at Jefferies had said Lloyds shares would [...]