E-bikes and scooters could disappear from UK without Government action, warns industry June 4, 2023 Delays to legislation covering electric bikes and scooters is preventing manufacturers from expanding in the UK, and could even see them leave the British market altogether if new rules aren't passed soon, the government has been warned.
Asos approached in £1bn takeover bid by Turkish fast fashion peer June 4, 2023 A Turkish retailer backed by Chinese e-commerce giant Alibaba has reportedly offered a £1bn bid to take over Asos, in a fresh knock of confidence for the future of the digital fashion brand. Trendyol, an up-and-coming fast fashion retailer, was understood to have approached Asos in late December, when the brand was facing dwindling sales [...]
Simply Be and Jacamo owner hopes for a rebound after bumpy few months June 4, 2023 Investors in online retailer N Brown will be looking for signs of recovery in its full year results this week after the firm paid out a hefty legal settlement and has struggled amid a broader slowdown in consumer spending. N Brown, which owns brands such as Simply Be and Jacamo, reported a 7.6 per cent [...]
Wizz Air to report heavy losses after fuel price spike – but is a recovery on the horizon? June 4, 2023 Analysts expect Wizz Air to report a net loss of nearly half a billion pounds this week as soaring jet fuel costs weigh the budget airline down. Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said while a strengthening Euro offered some relief to rising fuel costs, “these still rose by north of 60 per cent [...]
House prices to stutter after Bank of England interest rate hikes June 4, 2023 House price growth is poised to stutter, new figures out this week are expected to show, as prospective homeowners are gradually priced out of the market by the Bank of England’s successive interest rate rises.
Paragon Bank set to deliver strong results as interest rates rise June 4, 2023 Paragon Bank is set to post another strong set of results this week as analysts expect the FTSE 250 lender to benefit from rising interest rates.
Epsom Derby: 19 animal rights activists arrested ahead of plans to disrupt event June 3, 2023 Nineteen activists have been arrested ahead of plans to disrupt the Epsom Derby on Saturday, police said. The group Animal Rising accused Surrey Police of “abusing” their powers after 19 people were arrested on Saturday morning based on intelligence received by officers. A spokesman for the force said 11 people were arrested at addresses in [...]
Wall Street leaps after strong US jobs report June 3, 2023 Stocks moved higher on Friday after a strong report on the US job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 leaped 1.5 per cent for the latest surge in a rally that has vaulted it nearly 20 per cent since mid-October. That put Wall Street’s [...]
Just Stop Oil gets backing of Hollywood director Adam McKay who will TRIPLE donations this weekend June 3, 2023 Hollywood film director Adam McKay has pledged to triple donations to Just Stop Oil over the weekend, the group said. McKay, who made Netflix film Don’t Look Up, a climate change satire, as well as Step Brothers and The Big Short, said he stands with the protesters, praising them for waking up “sleeping governments”. He [...]
Deliveroo, Just Eat, Amazon and Uber: Delivery apps charging DOUBLE for supermarket groceries, says Which? June 3, 2023 Ordering supermarket groceries via a delivery app such as Deliveroo, Just Eat or Uber Eats could cost twice the price of buying directly from the same store, according to Which? Meanwhile, Amazon is charging up to 45 per cent more for Morrisons products than if they were bought from the supermarket’s own website, the consumer [...]
