Boohoo: Prettylittlething crashes into the red as Mike Ashley battle continues Retail Fresh light has been shone on Boohoo’s financial struggles amid its ongoing battle with billionaire Mike Ashley. The financial performance of some of the Manchester-headquartered group’s most well-known brands have been revealed including Prettylittlething crashing into the red and sales being slashed at Nastygal. While Boohoo reports its group results to the London Stock Exchange, [...]
Homeowners face massive inheritance tax hike after Budget hit Business London homeowners are going to be hit with an eye-watering 1,840 per cent increase in inheritance tax (IHT) liability, as a direct result of Rachel Reeves’ Budget changes, it has been calculated. A single homeowner in the capital with an averaged priced home of £525,586, with the same amount in their pension, will have a [...]
Housing crisis ‘hampers growth’ but minister vows 1.5m target on track Politics The UK’s housing crisis “hampers economic growth and productivity”, the housing minister has said, as he insisted the target of 1.5m new homes can be achieved. Labour pledged in its manifesto ahead of the election to deliver the 1.5m net additional dwellings over the course of the Parliament, ending in 2029. It came in response [...]
Mydentist looks to India for new recruits as loss widens November 20, 2024 Mydentist has sunk further into the red as it looks to recruit more new hires from overseas after the UK Government relaxed the rules. The business, which is one of the largest dental providers in the UK, has said hiring has been constrained by the limited number of dental school places in this country as [...]
London rents rise again as Savills warns of double-digit UK increase November 20, 2024 Analysts have warned rents are being pushed to unsustainable levels amid another yearly jump and concerns there is no natural plateau in sight. The average UK private rent rose by 8.7 per cent in the year to October, up from 8.4 per cent in the year to September, according to the ONS. The increase was [...]
Surging housing costs push inflation back above Bank of England target November 20, 2024 Inflation has risen back above the Bank of England’s two per cent target, the latest data has shown today. According to the latest figures from the Office for National Statistics (ONS) consumer price inflation (CPI) hit 2.3 per cent in October. The figure came in above economists projections. Economists had forecast CPI to come in [...]
What Trump 2.0 means for the tax bills of UK businesses November 20, 2024 Tariffs, investment and deglobalisation: KPMG tax expert Tim Sarson takes us through what Trump's second presidency means for UK businesses.
The Range owner confident of sales success but Homebase rescuer struggles to return to profit November 19, 2024 The owner of The Range has forecasted a continued rise in its sales as it carries on taking advantage of “high profile retail casualties” after rescuing Wilko and Homebase. CDS (Superstores International) hit the headlines again recently when it snapped up part of strike DIY chain Homebase out of administration. The move came after the [...]
Abrdn shakes up top team in turnaround push November 19, 2024 Abrdn’s new chief executive Jason Windsor has revamped his leadership team today as part of efforts to breathe life into the beleaguered asset manager after years of sluggish performance. In an statement today, the vowel-stripped FTSE 250 investment house revealed it had promoted its client head, Xavier Meyer, to chief of investments, and Richard Wilson, [...]
JD Gyms hails record year as sales pass £100m November 18, 2024 JD Gyms, which is part of the wider empire owned by FTSE 100 giant JD Sports, has posted a pre-tax loss despite its sales passing £100m in what the chain has described as a record financial year. The Greater Manchester-headquartered company has reported a pre-tax loss of £29,000 for the 12 months to 3 February, [...]