Yonder secures £62.5m funding to grow outside of London Startups Yonder, a credit card rewards firm geared towards millennials and Gen Z consumers, has secured £62.5 million as part of a funding round to expand its operations outside of London. The challenger credit card company seeks to introduce younger generations to shopping on credit cards by offering a points-based rewards scheme to use at London [...]
Twiggy loses trademark battle against Lord Sugar-backed pet accessory firm, Twiggy Tags Intellectual Property Twiggy has lost a legal battle to stop a pet accessory business registering a trademark similar to the legendary model’s name, after Lord Sugar’s firm Trade Mark Wizards stepped in. Dame Lesley Dawson DBE, better known as Twiggy, tried to stop a company that designs leads and harnesses for dogs from registering the trademark Twiggy [...]
Last orders: British pubs closing at a faster rate than during Covid-19 – and it could get worse HOSPITALITY IN TROUBLE Pubs are vanishing from communities across England and Wales amid soaring energy and food prices. Analysis of government data conducted by real estate advisor Altus Group shows that the number of public houses shutting up shop leapt to 51 a month in the first financial quarter of 2023. In 2022, after the UK emerged from [...]
Gender pension gap: Women trail men by thousands – and the gap could widen April 11, 2023 Women’s pensions are on average £17,014 smaller than their male counterparts, per a new study by pensions consultants TPT. The research found that among those who knew how much they had put aside, the average man in his 50s would retire with far more money than a female counterpart. Women workers, by contrast, fear that [...]
Is confidence returning despite recession chatter? This index suggests it just might be April 11, 2023 The worst of the UK’s economic downturn could soon be over, with companies reporting supply chain cost increases are beginning to slow down. Figures published by BDO found that business confidence rose in March in reaction to a 2.19 percent ease in the advisory firm’s inflation index rate from 113.18 in February to 110.99 in March. Tumbling [...]
Rio Tinto faces shareholder revolt over chief exec’s 70 per cent pay hike April 2, 2023 Rio Tinto is reportedly set to face down a shareholder revolt at the mining giant’s annual general meeting this Thursday after the firm raised it’s chief executive’s pay by 70 per cent. Danish chief executive, Jakob Stausholm, took home £4.8 million in 2022, up from £2.8 million in 2021. According to a report in the Mail [...]
M&S slams ‘inaccurate’ report of looming job cuts at London head office April 2, 2023 High street retailer Marks and Spencer has dismissed a report that it will cut hundreds of jobs at its London head office as “simply inaccurate”. According to a report in The Sunday Times, the household name is expected to drastically downsize its head office in the capital as part of a slew of reforms brought [...]
Lord Mandelson’s firm advising Tiktok in UK as it looks to avoid further bans April 2, 2023 A public affairs firm set up by Lord Mandelson is advising Chinese-owned Tiktok, which faces bans by multiple governments over spying fears. Global Counsel, which Mandelson founded in 2016, is helping Tiktok “frame their messaging” to assuage concerns that it would pass on data to Chinese state intelligence agencies if asked, according to a report [...]
Crash? What crash? House prices defy gravity though London lags slightly March 20, 2023 House prices continues to defy expectations with a steady recovery this month that has seen the average property coming onto the market increase by £3,000. Asking prices for new sellers do still remain £5,800 below their peak in October 2022. London’s average asking price fell by 0.1 per cent in March, leaving the average price [...]
