Pepco to sell off Poundland business by September – for £1 Retail Discount giant Pepco is set to sell its Poundland business by September as the brand struggles with high costs and low sales. In an update to markets this morning, Pepco said Poundland continued to see “challenging trading conditions” with revenue down 6.5 per cent in the first half of the year. The discount chain now [...]
Porsche Cayenne E-Hybrid 2025 review: Work, rest and play Life&Style Book a Porsche press car and there’s a good chance it will be delivered by a Cayenne. The vehicles often travel inside a covered trailer, which is hauled to all corners of the UK by this particular workhorse. “I love them. They’re just so capable and comfortable,” says the driver as he unloads my showroom-fresh [...]
Best Betting Apps UK – Top Mobile Betting Sites Casino With the online gambling industry constantly evolving and producing new technological advancements, it is no surprise that most UK bettors prefer the convenience and accessibility of completing their sports bets on the go via their mobile devices. To keep up with this demand, the best online sports betting sites are fully mobile-compatible, so players can [...]
Rachel Reeves’ tax hikes to cost Timpson £12m extra a year May 16, 2025 Chancellor Rachel Reeves’ Autumn Budget tax hikes are set to cost the business empire of fellow government minister Lord James Timpson £12m extra a year, it has been revealed. The Manchester-headquartered group said the increases in employer’s National Insurance contributions and the National Living Wage will eat into its earnings in the years to come. [...]
Future: Go Compare owner announces share buyback May 16, 2025 Future has reported a robust set of half year results, with profits and margins holding firm despite a three per cent drop in revenue. In the six months to 31 March, the London-headquatered media platform posted adjusted operating profit of £100.7m, down five per cent from the same period last year. Profitability remained resilient with [...]
B&M appoints ex-Tesco executive as new CEO May 15, 2025 Household goods retailer B&M has appointed ex-Tesco executive Tjeerd Jegen as its new CEO. Jegen will succeed Alex Russo, who joined the company in 2020 and was promoted to the top job in 2022. Group CFO Mike Schmidt will continue to lead the business until 16 June. Liverpool-headquartered B&M announced Russo’s departure in February this [...]
Virgin Media O2 to create £1.4bn giant in mega deal May 12, 2025 Virgin Media O2 has announced plans to create a new communications and IT giant which is expected to turn over around £1.4bn. The move will see Virgin Media O2 and Daisy Group combine their direct B2B (business to business) operations. Virgin Media O2 is to own 70 per cent of the new entity, with Lancashire-headquartered [...]
Historically sunny spring to set UK retailers up for a bumper quarter May 10, 2025 The UK’s sunniest spring on record has encouraged Brits into brick and mortar stores in a much-needed boost for Britain’s struggling retailers. Britain experienced its sunniest April ever in 2025, while Wales, Scotland, and Northern Ireland each recorded their second sunniest. The effect has been to loosen wallets and “encourage shoppers to head out to [...]
Playtech stock plummets 60 per cent following dividend payout May 8, 2025 Playtech’s stock price has crashed more than 60 per cent following the payout of a special dividend worth close to two thirds of its market capitalisation. The gambling software firm paid out almost £1.5bn as a special dividend from the sale of its Italian consumer arm Snaitech to Flutter during last year. As a result, [...]
UK scale-ups face crisis as growth capital hits seven-year low May 6, 2025 Growth capital has hit a seven-year low on both volume and value with the UK start-up to scale-up pipeline “broken”, a fresh report has warned. Figures seen by City AM revealed Series A funding – investments of £2m to £10m for startups looking to grow – had slumped to £2.4bn in the 12 months to [...]