A dramatic new plan has emerged to save British steelworkers’ pensions almost exactly three months after the end of a government consultation September 22, 2016 A radical new plan has emerged to save the British Steel Pension Scheme (BSPS), as Tata and unions officials work to remove obstacles to a potential sale of UK steelworks including Port Talbot. India's Tata has been locked in talks with Germany's Thyssenkrupp over a potential joint venture since July, but UK sites including the [...]
Sales at Aim-listed Liverpool FC nutrition supplier Science in Sport rise by almost a quarter in first half September 22, 2016 Sales at Aim-listed fitness nutrition group Science in Sport raced ahead to grow by almost a quarter in the first half of this year. The figures Revenues at the firm, which is the official sports nutrition partner to Liverpool Football Club, increased 24 per cent to £6.48m in the six months to 30 June. E-commerce and third-party [...]
Flour and caster sugar sales at risk as Bake Off’s future crumbles September 22, 2016 Britain is reeling from the news that the iconic Mary Berry has quit Bake Off, and the retail industry is set to suffer some collateral damage. Sales of baking goods such as caster sugar, flour and golden syrup have all been boosted since Bake Off began at the start of this month – sales that could [...]
Before the bell: What you need to know before the US market open September 22, 2016 A divided Federal Reserve has voted to leave interest rates on hold, queuing up a hike before the end of 2016 and markets couldn't be happier. Here's what you need to know before the US market open at 2:30pm London time. Markets climbed yesterday following the Fed announcement and Janet Yellen's frank press conference. The S&P is [...]
Another knock to the Remoaners as mortgage lending boosted in August September 22, 2016 Pre-referendum fears about a housing market slump have been squashed today after the Council of Mortgage Lenders published figures showing a jump in mortgage lending in August. There was a seven per cent month-on-month rise in mortgage lending in August, CML said, with the total amount borrowed reaching £22.5bn. Lending was up 15 per cent annually, [...]
Tips from business, suppliers and buyers on getting your product noticed September 22, 2016 If there's one thing we’ve learned since Brexit, it’s that the UK’s small and medium-sized enterprises (SMEs) always have big ambitions. No one ever said it was easy. Some of Britain’s largest and most influential businesses started out with nothing but an idea. Often, the most successful had very little initial investment, but made up [...]
Supercar maker McLaren denies Apple takeover talks September 21, 2016 British supercar maker McLaren has denied it is in talks with Apple after it was suggested the Californian tech giant had made a takeover approach for all or part of its business. The Financial Times reported today the tech giant had approached McLaren Technology Group about either an acquisition or to take a strategic investment in [...]
Zara owner Inditex posts sales rise of 11 per cent September 21, 2016 The world's biggest clothing retailer – which owns brands such as Zara, Bershka and Pull & Bear – reported a like-for-like sales rise of 11 per cent this morning. Total sales increased to €10.47bn (£8.99bn) for the period from 1 February to the end of July. Profits jumped eight per cent annually, reaching €1.26bn (£1.08bn). Analysts had [...]
Bonmarche’s shares plunge after company issues profit warning September 21, 2016 Bargain clothes retailer Bonmarche's shares plunged 28 per cent after the company issued a profit warning. The company is lowering its profit forecast for the year to between £5m and £7m after trading in September was "extremely poor." Read more: Bonmarche names new chief executive Bonmarche's fortunes were hit by "unseasonably hot weather", the retailer said, which hampered sales of [...]
West End gets Brexit boost from overseas shoppers as sales to tip over £9bn for the first time September 21, 2016 Overseas shoppers are flocking to the West End to spend their cash since the fall in the value of the pound – and the Brexit boost is set to tip sales for the district over £9bn this year. Jace Tyrrell, chief executive of the West End lobby group New West End Company, says London's premiere shopping district [...]