Convicted Dominic Chappell ordered to repay at least £50m over BHS collapse LAW The man who bought BHS from Sir Phillip Green for £1 (one pound) has been ordered by a court to repay the administrators at least £50m over its collapse.
Inditex: Zara owner unfazed by wet weather as viral Tiktok clothing drives sales Retail The owner of Zara, Bershka and Pull and Bear, has hailed a strong start to the summer as wet weather did not seem to deter shoppers from hitting the high street.
Former BHS directors hit with multi-million pound ‘wrongful trading’ ruling LAW In a landmark ruling, the High Court has delivered a damning verdict against the former directors of BHS Group, eight years after it collapsed
Topshop on the block: Meet the runners and riders… October 30, 2023 Asos bought Topshop and a number of its sister brands such as Topman and Miss Selfridges for £265m back in 2021 after Arcadia plunged into administration.
UK rocket startup looks to scale up with fresh space and tech duo January 8, 2024 UK rocket startup Orbex has announced a fresh leadership duo as it gears up to launch one of the first rockets from Britain.
SSE profit soars 89 per cent as it ramps up spending on green projects May 24, 2023 FTSE 100 energy giant SSE reported an 89 per cent jump in its adjusted pre-tax profit today after benefitting from higher energy prices. The firm’s annual profit rose from £1.16bn in 2022 to £2.18bn for the year ending in March. It also said it would accelerate its five-year net zero plan to 2027, increasing its [...]
Carmakers and energy giants cheer Hunt’s investment booster – but it still falls short of US green deal November 22, 2023 Jeremy Hunt's plans to increase investment in the country's renewable energy sector and electric vehicle industry have been welcomed - but experts warn it might not be enough.
Former City lawyer tasked with reviewing demise of Wasps and Worcester Warriors in Premiership Rugby financial review February 20, 2023 Legal heavyweight Sir Nigel Boardman, a former partner at City law firm Slaughter and May, has been appointed to lead a review of the financial crisis engulfing Premiership Rugby. Boardman, 72, led the government inquiry into the Greensill Capital lobbying row in 2021 and last year called time on a near-50-year stint with the Magic [...]
Arcadia collapse leaves bigger than expected £510m pension deficit February 19, 2021 The collapse of high street empire Arcadia has left a £510m pension deficit, some £200m more than previous estimates. Arcadia collapsed in December, becoming the largest casualty of the coronavirus pandemic and leaving thousands jobless. The news of a bigger-than-expected pension deficit, first reported by the Retail Gazette, paints a starker picture for individuals affected [...]
SSE reports higher than expected earnings amid £2.5bn investment drive November 15, 2023 London-listed energy giant SSE reported higher than expected half year earnings this morning.