Frasers Group makes cash offer for Australia’s My Sale August 17, 2022 Sports Direct owner Frasers Group has made a cash offer to snag the Australian e-commerce site MySale, after becoming its largest shareholder. Mike Ashley’s retail emporium announced the offer for a 100 per cent stake in the firm on Wednesday morning, at a price of 2p per share. Frasers presently holds a 28.7 per cent [...]
Airbnb introduces anti-party tech to crackdown on lively holiday goers August 17, 2022 Airbnb has introduced new anti-party tools to help identify potentially high-risk reservations and stop them from making bookings.
Brits still working from home this winter facing hundreds more in energy bills August 17, 2022 The post-pandemic work from home honeymoon could end this winter with Brits having to pay hundreds more in energy bills to heat their homes. Research has shown it is cheaper for workers to go back to their desks, than to heat their homes while working in them, to the tune of almost £200 a month. [...]
Auditor BDO quits Tory co-chair’s concierge service Quintessentially August 17, 2022 BDO is reportedly resigning as auditor of Quintessentially, the members-only concierge service founded by Tory party co-chair Ben Elliot, following a breakdown in their relationship. The auditing firm has cut ties with Quintessentially’s travel service, and is also set to exit its relationship with the wider group, the Financial Times reported. BDO declined to comment on the report. [...]
Citco funds swing into positive as manager sentiment ticks upward August 17, 2022 Hedge fund giant Citco saw performance in its funds swing back into positive territory in July after a sustained slide for much of this year, the firm revealed today.
Drought plagues supply chains as Toyota and Apple supplier Foxconn latest hit August 17, 2022 Toyota and Apple supplier Foxconn, among others in south west China, have paused their plant operations as drought continues to further jeopardise supply chains amid the pandemic. The Sichuan province announced today that it must suspend energy supplies to factories in several cities as drought hits its hydropower supply, the Financial Times first reported. The [...]
Truss and Sunak admit NI Protocol Bill won’t pass parliament any time soon August 17, 2022 Rishi Sunak and Liz Truss have admitted the government’s plan to override the post-Brexit Northern Ireland Protocol will not pass through parliament for some time, with the deadlock set to continue for the foreseeable future. Both of the Tory leadership contenders said they were committed to the Northern Ireland Protocol Bill during a Belfast hustings, [...]
London set for private equity takeover frenzy as market settles August 17, 2022 London is set for a flurry of takeover deals as flush-with-cash private equity firms put money to use as market turbulence begins to settle, analysts have said.
Brits could suffer £5,600 energy bills as power and gas prices climb to record highs August 17, 2022 The consumer price cap will spike to £5,600 per year amid sustained supply shortages in Europe.
Bank of England’s recession warning hits UK consumer confidence August 17, 2022 Fears of a protracted recession as long as the one caused by the financial crisis is weighing on Brits’ optimism, a new survey released today showed. Consumer confidence dipped four points at the beginning of August, according to Bank of America. “Confidence remains weak, consistent with recession, and all components worsened,” the Wall Street giant [...]
