Mothercare continues to struggle but announces fresh financing October 18, 2024 Baby products brand Mothercare has reported a drop in sales as it continues to struggle with post-pandemic demand, but has said its new deal with Indian giant reliance will help to shape a turnaround. The retailer said the decline was mainly due to “continuing challenges” in Middle East markets. It told markets this morning that [...]
AIM chief: It will be painful, but we’ll survive Reeves’ tax raid October 17, 2024 While scrapping the inheritance tax relief on AIM shares would be "unnecessary and painful", London's junior market will survive if the change is implemented, the exchange's chief has said.
South Bank’s ‘The Slab’ in spotlight as campaigners fight planning decision October 16, 2024 South Bank 'The Slab' is the topic of a legal battle at court this week as campaigners seek to overturn the former government's decision to green-light redevelopment
London Underground workers in Aslef and RMT vote to strike next month October 16, 2024 London Underground drivers will walk out next month, bringing chaos to the capital in a protest over pay and working conditions. Members of the Aslef union voted overwhelmingly to walk out on a number of dates in November, before RMT members backed strikes shortly after. Train operators and management grades will not work on 7 [...]
Vertu Motors: Profit at car dealership giant falls as UK sales stall October 16, 2024 Profit at car dealership Vertu Motors reversed during the first half of its financial year as UK sales of new cars stalled. In interim results filed with the London Stock Exchange, Gateshead-headquartered Vertu Motors reported a pre-tax profit of £22m for the six months to 31 August, 2024, down from the £30.1m it achieved in the [...]
Mike Ashley’s Frasers Group buys stake in Hudson Malta to boost global expansion October 15, 2024 Frasers Group, the empire controlled by Mike Ashley, is to expand into Malta and Africa after acquiring a “significant non-controlling” stake in a retail and distribution business. The London-listed group has invested in Hudson Malta, which has operations across 36 African countries. The owner of Sports Direct and House of Fraser said the deal reflects [...]
The Climbing Hangar gets £20m investment for global expansion October 15, 2024 UK bouldering gym operator The Climbing Hangar has received more than £20m from investment group Verlinvest to expand overseas. The Climbing Hangar, which currently operates nine sites in the UK, started life in a Liverpool warehouse in 2011 and now offers food, drink and retail outlets alongside sport and social events. CEO of The Climbing [...]
Hargreaves Lansdown: Don’t leave retail investors out of the Budget October 14, 2024 Hargreaves Lansdown has called for the government to not leave retail investors behind in this month's Budget.
Revolut named in more police fraud reports than any UK bank last year October 14, 2024 Revolut was named in more police fraud reports than any UK bank last year, new data has revealed, as the fintech prepares to launch as a fully-fledged lender in its home market.
Revolut takes on Square and SumUp with payment terminal for larger businesses October 14, 2024 Fintech giant Revolut is stepping up its challenge to the likes of Square and SumUp with a new payment terminal for larger businesses and retailers.