Footasylum: New flagship Oxford Street store helps profit more than double September 18, 2024 Pre-tax profit more than doubled at footwear and sportswear retailer Footasylum during its latest financial year. The Greater Manchester-headquartered company has reported a profit of £6m for the year to 27 January, 2024 , up from the £2.8m it posted for the prior 12 months. During the year Footasylum opened a flagship 20,000 sq ft Oxford Street [...]
New access to cash rules kick in for UK banks and building societies September 18, 2024 New rules from the UK's financial regulator to ensure access to cash have come into force, handing new powers to local communities and placing stricter requirements on banks looking to close branches.
BT adds EDF UK chair and former top civil servant to its board September 16, 2024 BT has appointed the chairman of EDF UK, who was previously one of the UK’s top civil servants, to its. board. Sir Alex Chisholm has taken up the role of a non-executive director at the telecoms giant. In a statement issued to the London Stock Exchange, BT said the appointment would allow it to capitalise [...]
Thought Machine boss backs London listing for $2.7bn fintech September 16, 2024 The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.
Analysts see ‘path to approval’ for Vodafone and Three deal September 13, 2024 Although Britain’s competition watchdog has raised fresh concerns over the proposed £15bn tie-up between Vodafone and Three’s UK operations, analysts have suggested the findings of the latest probe are more positive than expected. In its provisional findings, the Competition and Markets Authority (CMA) flagged potential price increases for millions of mobile customers and warned of [...]
Price rises and smaller data packages: Regulator voices concerns over Vodafone’s £15bn Three merger September 13, 2024 The planned £15bn merger between Vodafone and Three could lead to price increases for tens of millions of mobile customers, the Competition and Markets Authority (CMA) has warned. The watchdog added that the deal, which was first announced last year, could also see customers get a reduced service such as smaller data packages in their [...]
Seedrs: Fewer deals and lower investment hits revenue at crowdfunding platform ahead of Republic Europe name change September 12, 2024 Seedrs suffered a 10 per cent cut in its revenue after fewer deals and less investment were made through its crowdfunding platform in 2023. The business has reported a revenue of £6.1m for the 12 months, down from the £6.8m it posted in 2022. The London-headquartered company provides an online platform for investing in early [...]
Finance rocks in Rio: The rise of Open Banking in Latin America September 12, 2024 One of the UK’s hallmarks in global exports is its expertise and pioneering role in the Open Finance sector. Across the Atlantic, Latin America — a long-standing trade partner — has recently become a fertile ground for Open Finance, with new regulations advancing across at least five key countries: Brazil, Mexico, Colombia, Chile, and Argentina. [...]
Is there such a thing as a ‘fair’ price? Definitely, maybe… September 11, 2024 Oasis tickets have stirred controversy, but the question of how prices are set in a market goes all the way back to Alfred Marshall and Francis Edgeworth, says Paul Ormerod The pricing of tickets for the forthcoming Oasis tour has stirred up a major controversy. This is not just on social media. Lisa Nandy, the [...]
Publishers rally as Google advertising antitrust trial restarts in US September 9, 2024 One month after a US court ruled that Google illegally maintained its monopoly on internet search, the tech giant is back in the dock. This time, Google’s lucrative online advertising business, which last year raked in nearly $240bn (£183bn), is under fire, with the US Department of Justice (DOJ) and 17 states accusing its parent company, Alphabet, of monopolising digital [...]