Close Brothers: How the motor finance scandal reshaped one of ‘Europe’s least cost-efficient lenders’
eBay: UK profit surges after selling fees removed Retail Profit at the UK arm of eBay has surged despite its decision to waive selling fees impacting its revenue during its latest financial year, it has been revealed. The division of the US giant has posted a pre-tax profit of £36.5m for 2024, up from the £2.7m it achieved in 2023. New accounts filed with [...]
Etsy: UK sales surge to post-pandemic high Retail Sales at the UK arm of online marketplace Etsy have surged back to almost the heights it enjoyed during the Covid-19 pandemic. The London-headquartered division has reported a turnover of £9m for 2023, up from the £3.8m it posted in 2022, according to newly-filed accounts with Companies House. The latest figure comes after Etsy UK’s [...]
Digital stores predicted to appear on the high street as automation threatens retail jobs UK high street Large e-commerce stores are likely to crop up as physical stores across the UK high street in the next five to ten years, according to predictions aided by AI. Money saving website Savoo used AI to visualise the future of the British high street and it suggested more than 11,000 chain stores would disappear by [...]