Credit insurer cover cuts leave retail sector reeling October 18, 2023 Credit Insurers have been dragged into the spotlight after it emerged that they have pulled cover on a host of some of the country’s biggest retailers over the past few months. Both Boohoo and Asos have been hit by insurers withdrawing cover on their transactions. Over the summer, it was revealed that Allianz Trade, formerly Euler [...]
Just Eat raises profit guidance thanks to takeaway fiends in UK and Ireland October 18, 2023 Just Eat reported a five per cent growth in gross transaction value (GTV) in the UK and Ireland, while in Northern Europe it grew six per cent.
Philip Hammond ‘dismayed’ by Tory shift to ‘populism’ October 18, 2023 Lord Philip Hammond said he has been “dismayed” by the “populist turn” the Conservatives took. The former Chancellor told City A.M. while he thought the party was now “heading in the right direction” he had been “dismayed by the populist turn” the Tories took. During an interview about his role as chair of crypto firm [...]
If we ever manage to do it, breaking up the Treasury would be a breath of fresh air October 18, 2023 Treasury brain has become one of the ultimate insults of Whitehall, but slimming down the power of No11 has defeated almost every prime minister, writes Simon Neville
Revolution Bars: Weathering through ‘external headwinds’ October 17, 2023 Revolution Bars Group weathers through the year's "external headwinds" with an increase in total sales amongst preliminary results.
Mike Ashley’s Frasers Group raises Boohoo stake to 15 per cent October 16, 2023 Mike Ashley backed Frasers Group has once again raised its stake in online fashion brand Boohoo. The Sports Direct owner upped its share in the group from 13.4 per cent to 15.1 per cent. The fashion powerhouse, which also owns Jack Wills, has been rapidly increasing its stake in the popular clothing site. At the [...]
ABI urges Chancellor to cut £7bn tax on insurance policies October 15, 2023 The Association of British Insurers (ABI) has called on Chancellor Jeremy Hunt to cut the tax levied on insurance premiums.
Netflix: More price hikes cast shadow over potential ad-tier gains October 15, 2023 Netflix is set to kick off the tech earnings season and analysts are bullish as they expect user growth and a boost from the new ad-tier.
Freezing working-age benefits could save £4 billion but at ‘terrible cost’ October 14, 2023 Freezing working-age benefits next year could save the Treasury more than £4 billion but at a “terrible cost” of plunging an additional 400,000 children into poverty, a think tank has warned. The Resolution Foundation said its research suggested that scrapping the uprating of working-age benefits in line with prices inflation next year would reduce the [...]
Santa’s every little helpers: Tesco to recruit 30,000 festive staff October 13, 2023 Britain’s biggest supermarket, Tesco, is the latest retailer to launch a massive Christmas recruitment drive, as it looks for 30,000 staff. The grocery giant said it was appealing to cash-strapped Brits, ranging from students and families, hit hard by the cost-of-living crisis, to those who stepped away from work during the pandemic and want to [...]