Etias: Why Brits heading to Europe will have to pay a £6 EU travel charge August 21, 2024 The European Union (EU) home affairs commissioner Ylva Johansson announced on Tuesday the new Etias will be introduced in May 2025.
Jaguar Land Rover and Porsche supplier almost triples sales August 21, 2024 Andersen EV, an electric charging start-up which supplies the likes of Jaguar Land Rover and Porsche, almost tripled its sales during its latest financial year. The Bedfordshire-headquartered company, which was formerly known as Evios, has reported a turnover of £3.7m for the year to 31 March, 2024, up from the £1.3m it reported in the [...]
Public wary of tax rises as economists warn on ‘disappointing’ fiscal progress August 21, 2024 Although the public are opposed to tax rises in general, there are a couple of taxes which could go up with popular support. Perhaps unsurprisingly, these are taxes which most people do not pay.
Puregym poaches Punch Pubs boss as new chief August 21, 2024 Puregym has poached the chief executive of Punch Pubs & Co as its new boss. Clive Chesser will succeed Humphrey Cobbold, who will become Puregym’s new chair. Chesser and Cobbold are expected to take on their new roles on 6 November. In a separate announcement, Punch Pubs & Co confirmed that its chief operating officer, [...]
Value of Molten Ventures’ stake in Revolut more than doubles after employee share sale August 21, 2024 Molten Ventures said the value of its stake in Revolut has more than doubled after the British fintech secured a $45bn (£34.9bn) valuation in a share sale by employees.
Growth in food retail at highest in two years thanks to summer finally arriving August 21, 2024 After a damp start to summer, till sales growth boomed in July to record the strongest growth for food retail in two years. Total till sales at UK supermarkets grew 5.5 per cent in the four weeks ending 10 August 2024, up from 3.6 per cent in the previous month, according to fresh data by NIQ. [...]
Waitrose to ramp up convenience store expansion with 100 new sites August 21, 2024 The premium grocer Waitrose will expand its store portfolio by around a third over the next three years in one of its “biggest periods of expansion” as it ramps up investment into ‘Little Waitrose’ convenience shops. The Berkshire-headquartered company will invest over £1bn in a project to open 100 new stores and revamp a further [...]
Doric Nimrod Air Two: Guernsey-based fund makes £153m plane sale to Emirates August 21, 2024 Doric Nimrod Air Two has sold off five more planes to Emirates for £30.7m per plane after it sold two other plans to the company last year. The Guernsey closed-end fund will cash out of its five Airbus A380-861 that it bought in 2011, the fund said in a stock exchange announcement today. Over the last 12 [...]
Klarna swoops in to buy collapsed rival Laybuy August 21, 2024 Buy-now pay-later (BNPL) giant Klarna has snapped up its collapsed rival Laybuy after the Kiwi fintech folded into receivership earlier this year, City A.M. has learned.
Haringey Council hands Tottenham Hotspur huge financial ‘Beyonce boost’ August 21, 2024 Tottenham Hotspur are set for a major financial boost after Haringey Council extended the club’s licence for hosting major non-football events, such as concerts from the likes of Beyonce, from 16 to 32 a year. The club’s commercial income has already trebled from £70m to £228m since their move from White Hart Lane in 2019, [...]