Ikea sales slump as shoppers feel the pressure October 10, 2024 The UK arm of Ikea has suffered a slump in its sales for its latest financial year as under-pressure shoppers held off buying bigger-ticket items. The division of the Swedish homeware giant said the fall was also partly driven by price reductions to keep attracting customers hit hard by the higher cost of living. The [...]
Zilch books quarterly profit and readies hiring spree as IPO looms October 10, 2024 Buy-now pay-later provider Zilch is planning to double staff numbers over the next 18 months after booking its first quarterly profit ahead of a much-anticipated IPO.
Gareth Southgate reveals stance on Manchester United job October 10, 2024 If Manchester United chiefs decide to sack Erik ten Hag before the end of the season they can forget about hiring Gareth Southgate to replace him. The former England head coach, who stepped down in the summer, said today that he has no intention of returning to football management “in the next year”. “Sometimes when [...]
The Light: Leisure and cinema chain backed by Luke Johnson October 10, 2024 Seasoned investor Luke Johnson has backed leisure and cinema company The Light in yet another sign that the competitive socialising sector is heating up. Revolution Bars’ newly-appointed chair has acquired The Light – which operates an entertainment model including bowling alleys, mini golf and cinemas – along with a co-investment from cinema and leisure investors Melcorpo. [...]
‘Everything has a beginning and an end’: Rafael Nadal announces retirement October 10, 2024 King of Clay and 22-time Grand Slam winner Rafael Nadal has announced his retirement from tennis at the age of 38. Nadal won the French Open a record 14 times and is second only to Novak Djokovic for most Grand Slams. He will play his last matches at next month’s Davis Cup Finals in Malaga, [...]
Landmark skyscraper planned for Manchester city centre October 10, 2024 Plans have been unveiled for another landmark skyscraper to be constructed in Manchester city centre. The 44-storey building has been earmarked for land adjacent to Deansgate Train Station at Whitworth Street West and would feature 364 apartments. If approved by Manchester City Council, the building would be latest skyscraper either planned or built in the [...]
Renters set for more tough times as house sales strengthen October 10, 2024 The latest RICS Residential Survey has provided a lot of optimism for house buyers and sellers, but less for tenants, who are set to contend with an even tougher market. The survey, which asks estate agents for their opinion on the housing market, found a “sustained improvement in market activity”, with measures of demand, sales and [...]
Why London is a ‘very positive’ story for UK shipping October 10, 2024 More than a quarter of the UK's deep sea shipping cargo travels through London Gateway port, with a ramp up in capacity expected this decade.
‘Dangerous and destructive’ Hurricane Milton makes landfall in Florida October 10, 2024 Hurricane Milton has made landfall as a Category Three storm, with the Met Office warning it will be “dangerous and destructive” as thousands of UK holidaymakers had their flights to Florida cancelled. Milton made landfall near Siesta Key, Florida, at about 8.30pm local time. The US National Hurricane Centre reports the hurricane had maximum sustained [...]
Arsenal are overachieving in the Premier League, but do fans appreciate it? October 10, 2024 In a parallel universe, Arsenal have already beaten Manchester City to the title. Forget Pep and Mikel’s inflamed war of words in this season’s scrap for the Premier League trophy; the Gunners have bagged the prize for outperforming their playing budget. Football, though, must ultimately be about fans’ dreams, not investors’ and bank managers’ bottom [...]