Cazoo: The full story of how online car retailer went from $8bn valuation to staring into the abyss February 1, 2024 The online car retailer, Cazoo, just three years old at that point in August 2021, was now worth $8bn, having decided to snub London and float across the pond.
Club L London: Sales almost double as profits rise and headcount jumps February 1, 2024 Sales have almost doubled at fashion retailer Club L London during a year which also saw its profits and headcount jump.
Off-peak Fridays sound fun, but Londoners will end up footing the bill February 1, 2024 The mayor's reckless promise of lower fare Fridays is a sign of more disingenuous election politicking to come, writes John Oxley
Will it come quickly? Deliveroo ties up Ann Summers for Valentine’s Day deliveries February 1, 2024 Deliveroo says it will come quickly this Valentine's Day so customers don’t.
Mark Kleinman’s must-read column: It’s payback time in the debate over executive pay February 1, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking, He writes a weekly column for City A.M. Like death and taxes, rows over boardroom pay are among life’s perennial certainties. Could 2024 turn out to be a watershed year, though, in the debate over executive remuneration at the [...]
IKEA to open new stores as UK profits more than double January 31, 2024 IKEA's UK profits more than doubled during its latest financial year as it sets it sights on opening new stores.
Central London Alliance calls on Treasury to reinstate tax-free shopping and generate an estimated £10 billion January 31, 2024 Ahead of the budget announcement on 6 March 2024, Central London Alliance (CLA) has submitted a proposal calling for the Treasury to reinstate tax-free shopping in efforts to help the retail sector recover from post-pandemic challenges. CLA backs requests by the retailers to reintroduce the scheme allowing foreign visitors to the UK to shop tax-free. [...]
Landmark Hilton hotel creates almost 140 jobs but losses widen January 30, 2024 Almost 140 jobs were created by the company behind the Hilton hotel in Manchester's iconic Beetham Tower as it continued to recover from the Covid-19 pandemic, newly-filed documents have revealed.
Eight-year turnaround completed as Octopus eyes UK energy crown January 29, 2024 Octopus Energy has turned a profit for the first time since the company launched in 2015
Superdry restructure could mean store closures and job losses January 29, 2024 Embattled British retailer Superdry is plotting a major restructuring which could see stores closed and jobs cuts after reporting weak sales.