Easyjet to report £600m profit as holiday arm boosts business November 24, 2024 Easyjet is expected to haul in £600m in profit as it continues to cash in on strong demand for travel in the post-Covid era.
Jeremy Clarkson backpedals on previous claim he bought farm for tax reasons November 23, 2024 Jeremy Clarkson has backpedalled on his previous comments about why he bought his farm, saying he thought it would be a “better PR story if I said I bought it to avoid paying tax”. The TV presenter and journalist defied doctors’ orders by joining thousands of farmers in London on Tuesday to protest against agricultural [...]
Trump taps Scott Bessent for Treasury, capping long drama over choice November 23, 2024 President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic, regulatory and international affairs. Wall Street has been closely watching who Trump would choose, especially given his plans to [...]
Cop29 draft finance deal rejected as negotiators walk out of UN climate talks November 23, 2024 The latest rough draft of a deal on climate finance is thought to have been soundly rejected by developing economies at Cop29, a day after the UN summit was scheduled to finish. Negotiators from rich and poor nations are huddled in one room as the talks to reach a deal on money for developing countries [...]
Finance deal remains elusive at Cop29 as UN climate talks stretch into overtime November 23, 2024 Countries have worked through the night to broker a deal on climate finance at the UN climate summit as negotiations stretched into overtime. Patience is wearing thin on the ground at Cop29 in Azerbaijan as negotiations in the host city, Baku, hit a deadlock again on Saturday afternoon – almost 24 hours after the summit [...]
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 [...]
Asda brings back industry veteran Leighton as chair November 23, 2024 Asda brought back retail industry veteran Allan Leighton as its executive chair on Saturday, replacing Stuart Rose at Britain’s third largest supermarket. Rose will remain on the board to ensure an orderly transition before stepping down, the company, majority owned by private equity firm TDR Capital, said in a statement. In addition to holding the [...]
Ministers seek EU negotiator to lead reset talks November 23, 2024 Ministers are hiring a new EU negotiator as Keir Starmer seeks to reset Britain’s relationship with Europe. The post, worth at least £150,000 a year and advertised by the Cabinet Office, would act as a “sherpa” for all of the UK’s dealings with the bloc. The role is described as “principal adviser to the prime [...]
Budget uncertainty has gone but odds have been stacked against business November 22, 2024 If Rachel Reeves thought certainty would cure the UK economy’s growth problem, she was wrong. She’s just pitted consumers against retailers. This data-heavy week has reflected that uncertainty over the Budget has not been cured by policy which heaps pressure on business. We’ve had inflation rising, debt compounded, inheritance tax receipts soaring, farmers protesting, the [...]
Boohoo: Prettylittlething crashes into the red as Mike Ashley battle continues November 22, 2024 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, [...]