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 [...]
Miliband tells Cop29: clean energy transition ‘economically right’ for UK November 22, 2024 The transition to clean energy is “unstoppable” and the “economically right thing” for the UK, the energy secretary has argued at the Cop29 climate conference. Britain wants to see a deal at the UN climate conference, hosted in Azerbaijan, that “accelerates the clean energy transition,” Ed Miliband has said. Speaking in the capital of Baku, [...]
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, [...]
National World: Shares in Yorkshire Post and The Scotsman owner surge after £56m takeover offer November 22, 2024 Shares in National World, the media group whose titles include Yorkshire Post and The Scotsman, have surged to their highest level in more than a year after a takeover offer with over £56m was revealed. Irish media group Media Concierge, which is London-listed National World’s largest shareholder with a 26 per cent stake, has tabled [...]
How Tiktok is driving Brits to spend local instead of luxury this golden quarter November 22, 2024 Black Friday is known for being the one of the few days of the year when budget-conscious shoppers can flock to their favourite online retailer or high street shop and not feel (too) guilty with the price of their purchases. High-priced, big-name brands have traditionally taken the lead in terms of ringing in the festive [...]
UK ‘not at war’ Starmer insists as he rebukes Putin’s ‘irresponsible rhetoric’ November 22, 2024 Sir Keir Starmer has insisted the UK is “not at war” and criticised Russian leader Vladimir Putin for his “irresponsible rhetoric”. The Prime Minister asked during a round of regional radio interviews about concerns over escalation in the conflict in Ukraine. On Thursday, Russia used a new ballistic missile in Ukraine, which Putin said was [...]
Spreadex ordered to sell Sporting Index after ‘creating monopoly’ November 22, 2024 Spreadex has been ordered to sell Sporting Index after it was ruled that the acquisition had created a monopoly. The Competition and Markets Authority (CMA) has told Spreadex to dispose of the ‘business-to-consumer’ firm after it snapped it up from Sporting Group last year. Spreadex and Sporting Index both provide sports fixed odds betting and sports [...]
Gordon Ramsay: Why celebrity chef’s restaurant empire is backing London November 22, 2024 The boss of Gordon Ramsay’s restaurants empire has opened up about why the celebrity chef is launching new sites at the top of the City of London’s tallest building next year. In May it was announced that the group, which already includes more than 50 sites, had leased around 30,000 sq ft across four floors [...]
Police carry out ‘controlled explosion’ at US embassy in London’s Nine Elms November 22, 2024 A “controlled explosion” has been carried out by Metropolitan Police officers outside the US embassy in Nine Elms, London. It followed reports of a suspicious package outside the embassy. The police said in a statement: “We’re aware of speculation online about an incident in the vicinity of the US Embassy in Nine Elms. “Cordons are in place in the area as a [...]
Gatwick Airport chaos as south terminal evacuated over ‘security incident’ November 22, 2024 Gatwick Airport’s south terminal has been evacuated due to a “security incident”, disrupting thousands of passengers getaways. Britain’s second-biggest airport said it was investigating the incident and trying to sort it as quickly as possible. National Rail warned the station serving the airport is closed, and the incident is likely to last until 2pm. In [...]