Alan Sugar’s property empire returns to profit after huge loss November 25, 2024 The Apprentice star Lord Alan Sugar’s property empire returned to the black during its latest financial year after recovering from a huge loss, it has been revealed. Amshold, the company which Lord Sugar holds his property investments, achieved a pre-tax profit of £932,000 for the 12 months to 30 June, 2024. The latest figure, revealed in [...]
The Notebook: A British DOGE? It’s more likely than you think November 25, 2024 Will Britain follow Musk's example and set up its own DOGE? It wouldn't be the first try, writes Richard Morgan Evans in today's Notebook.
Trump’s election means it’s time to take Bitcoin seriously November 25, 2024 Bitcoin was once dismissed as a tulip bubble, but it’s becoming increasingly clear that – in an era of fiat money inflation – it is the best way back to sound money The incoming Trump administration has announced its intention to back a “strategic Bitcoin reserve”. That catapults what was once a fantastical thought experiment, [...]
Morrisons chief calls for urgent overhaul of business rates system November 24, 2024 The chief of Morrisons has called for the business rates system to be radically overhauled so it “genuinely levels the playing field” between high street retailers and online operators. Rami Baitiéh, the boss of the supermarket, told The Mail on Sunday: “The current proposal threatens to drag hundreds of supermarkets, which are crucial to thriving [...]
The pound will remain resilient in a trade war November 24, 2024 Trump’s tariffs will harm the world economy but the UK will be one of the least affected developed countries, says Tomasz Wieladek With President Trump heading back to the White House, US trade policy is anticipated to change fundamentally. We expect the US will impose tariffs on its major trading partners and to some extent [...]
Homebase racked up debts of over £730m ahead of collapse November 23, 2024 The company behind Homebase owed more than £730m when it collapsed into administration before the brand was partially saved by the owner of The Range, it has been revealed. Retail group CDS, which also owns Wilko, took on 70 stores and secured the future of up to 1,600 jobs at the troubled DIY and garden [...]
Games Workshop: Warhammer-maker’s shares boom on positive outlook November 22, 2024 FTSE 250 firm Games Workshop’s shares soared after the open this morning, following a positive trading update. The Warhammer-maker’s stock rose by almost 14 per cent in early trades, after a rosy outlook in a brief statement to markets this morning. The company said it was “pleased to announce” that since late September when it [...]
Bond Street moves into third for world’s most expensive retail spot November 20, 2024 Bond Street has leaped-frogged Tsim Sha Tsui in Hong Kong to take bronze in a list of the world’s most exclusive retail streets. The shift bucks bucks fears about the decline of brick-and-mortar retail on the high-street and the so-called tourist tax, which has faced campaigners’ calls for scrappage. The average rent on Bond Street [...]
Peel Hunt: There’s a ‘missing piece’ in Reeves’ City growth push November 20, 2024 The government has demonstrated a “fundamental shift” in its approach to growth but must address the key issue of pushing investment into the UK stock market, Peel Hunt has said. In an a note to investors today, Peel Hunt’s head of research, Charles Hall, stressed that while Rachel Reeves‘s Mansion House speech had been a [...]
Superdry issues warning as struggling fashion label cuts jobs after quitting London November 20, 2024 Superdry has warned its sales will continue to fall significantly during its current financial year after quitting the London Stock Exchange in an attempt to stay afloat. The Cheltenham-headquartered fashion brand delisted earlier this year as part of a radical restructuring plan to keep the company trading. At the time, the company said that cutting [...]