In The Style: Huge debts revealed after rescue deal saves jobs March 24, 2025 In The Style owed more than £20m when it was rescued after collapsing into administration, it has been revealed. The Manchester-based fast-fashion brand rescued by Alps Sourcing Limited last week in a deal which secured 87 jobs. The debts have been revealed in a new document filed with Companies House by administrator FTS Recovery. What’s the [...]
Average price of pint to surge above £5 due to April cost hikes, say beer bosses March 24, 2025 The average price of a pint of beer is set to surge past £5 for the first time due to cost hikes hitting the sector next month, according to industry bosses. Pub sector chiefs have warned that prices for customers will have to increase in order to help keep venues running in the face of [...]
DIY sales support Wickes as big-ticket items still off the table March 20, 2025 Wickes has reported another drop in big-ticket home improvement sales as Brits continue to shy away from large purchases. The company also announced a new share buyback programme of £20m, which will start in April 2025. The retailer reported a one per cent drop in revenue in the year ended December 28, from £1.5bn last [...]
All the pubs hiking the price of a pint after Budget tax raid March 19, 2025 Shepherd Neame announced this morning that it would be forced to raise prices at its 290 pubs due to cost pressures from last October’s budget. The family business follows a host of other hospitality companies in raising prices, with the average price of a pint set to go up by six to eight per cent, [...]
Adzuna falls into the red amid hiring slump March 18, 2025 Jobs website Adzuna has fallen into the red as its sales were slashed by a third after battling a “turbulent” economy and a fall in hiring activity. The London-headquartered business has reported a pre-tax loss of £276,797 for the 12 months to 30 June, 2024, after it achieved a pre-tax profit of £1.5m in the [...]
Select Fashion on verge of collapse as it shuts UK stores – reports March 15, 2025 Retailer Select Fashion is reportedly on the verge of collapse as the struggling chain nears the closure of 35 shops across the UK. The group has drafted in advisers to oversee a process of liquidation, according to documents seen by the Sun. It comes as it is believed the chain will have shut 35 shops [...]
No 10 says Donald Trump’s tariffs not responsible for UK economy shrinking March 14, 2025 Donald Trump’s tariffs are not responsible for the UK economy shrinking in January, Downing Street has said, in a position that appears to contradict the Chancellor’s reaction to the latest poor economic figures. According to the latest set of gross domestic product (GDP) figures published by the Office for National Statistics (ONS), the economy shrank [...]
Five reasons the UK has a housing crisis March 12, 2025 Britain's housing crisis is acute: the nation today has a backlog of 4.3m homes. Here's why.
Heathrow: Business travel groups join calls for change March 10, 2025 Representatives of the business travel and global tourism industry have joined calls for Heathrow Airport to alter its regulatory model ahead of any expansion. The Business Travel Association (BTA), The Advantage Travel Partnership and World Travel and Tourism Council (WTTC) on Monday announced their support for change at the UK’s busiest hub, adding to a [...]
Households feeling poorer despite wealth jump March 7, 2025 Six in ten UK households do not feel financially comfortable despite their wealth having risen by an average of 12 per cent in the last year thanks to better savings rates and good investment performance. According to a fresh study looking at wealth across Britain, the mean household has seen its assets – spanning savings, [...]