HMRC digital transition set to cost £1.3bn – four times over budget – MPs warn November 25, 2023 Transitioning HMRC to a digital system is now expected to cost as much as £1.3bn - and has gone four times over budget, MPs have warned.
The Lord Mayor’s Appeal Impact Reception Welcomes Over 270 Guests to Mansion House November 24, 2023 This week The Lord Mayor’s Appeal hosted its annual Impact Reception, welcoming over 270 guests to Mansion House hosted by Alderman Alistair King, Lord Mayor Representative. Highlighting the work of The Appeal across 12 months, it allowed participants to tell their stories of how its ground-breaking initiatives and partnerships with three charities: National Numeracy, MQ [...]
West End braces itself for Black Friday spending boost November 23, 2023 Retailers in London are bracing themselves for the start of the Christmas spending period as a swarm of bargain hunting Brits are set to hit the West End this Black Friday. Unseasonable weather in both the summer and autumn battered the majority of retailers’ earnings over the first and second quarter of the year, so [...]
The London restaurants with Christmas food menus to book now November 23, 2023 These London restaurants have amazing Christmas food menus
Ofgem’s energy price cap to increase by five per cent as rising costs drive up winter bills November 23, 2023 Ther chancellor's main proposal was £960m for a “green industries growth accelerator”, but falling short of the US's green deal.
The Notebook: Victoria Scholar on the ever-changing appetites of retail investors November 23, 2023 Where the City’s big thinkers get things off their chest. Today, it’s Victoria Scholar, head of investment at Interactive Investor analysing retail investors' appetites.
Banks profiting from rate rises boost luxury concierge firm Ten Lifestyle November 22, 2023 UK banks profiting from soaring interest rates has helped boost earnings at luxury concierge platform Ten Lifestyle to record levels, the firm said today. The firm, which counts Coutts and St James’s Place as clients, works with a host of corporate customers to help organise everything from hotel upgrades to reserving tables at top restaurants. [...]
AO World raises guidance again as it returns to profit despite falling revenues November 21, 2023 Electrical retailer AO World has raised its profit guidance despite revealing a fall in revenue, according to a trading update published this morning. The online group, which calls Frasers Group its largest shareholder, said a decision to stamp out unprofitable sales led to a 12 per cent dip in revenue during the interim. But adjusted [...]
Asos: Short sellers ramp up bets against former retail favourite as profits dwindle November 21, 2023 Short sellers have been hiking their bets against Asos this month after the former e-commerce darling slashed its profit forecasts in September.
Halfords snubs £1.4bn tie up with van hire firm which ‘undervalues’ it November 20, 2023 Halfords has reportedly snubbed a £1.4bn merger offer with van hire firm Redde Northgate as it “undervalues” the motor and cycling group. However, a potential deal may not be completely off the cards, a source told The Telegraph: “There were discussions about what an integration of the two businesses might look like, but there were [...]