Is Mike Ashley plotting a takeover of another UK retailer? December 17, 2023 Retail tycoon Mike Ashley is understood to be plotting an acquisition of ailing luxury fashion site Matchesfashion.
Insolvencies surged in November, confirming 2023 is set to be the worst year for corporate collapses since 2009 December 15, 2023 The number of insolvencies in November was 2,466, a 21 per cent increase from the same month in the previous year.
Recession red-flags but Brits still look set to splash the cash this Christmas December 15, 2023 Consumer confidence has increased amid Christmas cheer in a small but much-needed boost for retailers, figures show.
Bank of England holds interest rates – what does it mean for mortgages? December 14, 2023 The Bank of England has held interest rates at 5.25 per cent for the third time in a row, offering a glimmer of hope for the mortgage and property market. Steve Seal, chief of Bluestone Mortgages, said that today’s decision to leave rates untouched will be welcomed by “would-be and existing borrowers, who have felt [...]
Currys UK earnings slump amid cost of living crisis December 14, 2023 Electronic goods retailer Currys has recorded a 40 per cent drop in earnings before interest and tax (EBIT) in its UK and Ireland arm.
Disgraced BP chief Looney misses out on £32m pay package after ‘serious misconduct’ December 13, 2023 Former BP chief executive Bernard Looney will not receive a £32.4m salary and bonuses package after "serious misconduct".
Why Brentford FC are refunding fans for Christmas December 12, 2023 Brentford also have some of the lowest ticket prices in the Premier League.
Are dividends under threat at Vodafone, BT and peers? December 12, 2023 Why are dividends looking unsustainable for big telecom companies at a time when connectivity is so important?
Pepco: Poundland owner ‘cautiously optimistic’ despite ‘disappointing’ profits December 12, 2023 The owner of Poundland, Pepco said it was cautiously optimistic for the year ahead, as it recorded a 17.1 per cent surge in revenues for the full year to €5.6bn – despite profit problems mounting. Demand for budget goods has surged amid the cost of living crisis as shoppers seek out cheaper alternatives, according to [...]
A cash-based society isn’t just for the old, it’s for the young and foolish too December 12, 2023 Out in the wilderness of central London, armed with a £20 note, I was faced with just how hostile our city has become to the use of cash.