Klarna closes losses and touches monthly profit as cost-cutting drive bears fruit August 31, 2023 Buy-now pay-later giant Klarna has slashed its losses and touched profitability for the first time this year after rolling out a hefty cost-cutting programme and driving down the amount of customers defaulting on payments. In its half year report today, Klarna revealed it had closed its losses to SEK 2.115bn (£153m) from SEK 6.37bn last [...]
FTSE reshuffle: Who’s been promoted and who’s got the boot? August 30, 2023 Marks & Spencer has climbed back on to the UK’s FTSE 100 four years after dropping off the top stock index, while housebuilder Persimmon has been demoted following a rocky patch for the housing market. The upmarket supermarket staged the return to the top tier after seeing its share price jump by more than two [...]
The Works: Discounter fails to benefit from cost of living crisis as profit slides August 30, 2023 The retailer The Works, which speciailses in knockdown prices, has failed to turn the cost of living crisis to its advantage
Chelsea accused of penalising disabled fans with ‘appalling’ coach subsidy decision August 29, 2023 Chelsea supporters have accused the club of penalising disabled and vulnerable fans by taking the “appalling decision” to remove subsidised coach travel to domestic away games. Blues chiefs said this week that it was “not financially sustainable” to maintain the subsidy, which the Chelsea Supporters’ Trust believes costs £250,000 a year – less than some [...]
Trust in supermarkets at 10-year low like ‘dark days of horsemeat scandal’ August 29, 2023 Trust in supermarkets has plunged to its lowest level in nearly a decade as consumers continue to worry about high prices, despite food inflation showing signs of easing. In August the grocery sector received a trust score of +30 -on a scale of -100 to +100 -from British shoppers, a new study by Which? revealed [...]
ULEZ: Sadiq Khan hails launch of London-wide low emission zone August 29, 2023 London has become the world’s largest pollution charging area after the ULEZ was expanded to include the whole of the capital.
North Sea windfall tax hits undermine UK’s energy security goals August 29, 2023 Two of the UK's largest North Sea oil and gas operators confirmed huge hits from the windfall tax last week, in a sign that firms are still being bludgeoned by the levy despite a significant fall in oil and gas prices.
We should be ashamed that half of us have the numeracy levels of a primary school kid August 29, 2023 Our workforce won't be fit for the future unless we disregard the idea we don't need maths or numeracy skills.
Ulez expansion: Sadiq Khan accuses Government of ‘weaponising air pollution’ August 27, 2023 London mayor Sadiq Khan accused the Government of “weaponising air pollution” ahead of his expansion of the capital’s ultra-low emission zone (Ulez). In an interview with the PA news agency, the Labour mayor said he was “disappointed” at the lack of Government support for the policy and its accompanying scrappage scheme. From Tuesday, the Ulez [...]
Watches of Switzerland share price plummets 27 per cent after Rolex deal for Bucherer August 25, 2023 Shares in Watches of Switzerland fell over 27 per cent this morning following news that Rolex had bought fine jeweller Bucherer AG. This morning the luxury watch seller, which deals Rolex timepieces, tried to stave off investor concerns that the acquisition would hinder sales at the company. “There will be no change in the Rolex [...]