Monzo’s valuation rises as fintech giant bags £150m funding for US growth May 8, 2024 Monzo has raised $190m (£150m) in new funding, taking its total for the year to $610m (£490m) and raising its valuation to $5.2bn (£4.1bn), as the digital bank eyes up international expansion and a flurry of new products.
JD Sports prepares for £2m bill after watchdog finds it broke law by fixing Rangers FC merch prices June 7, 2022 JD Sports may face a hefty penalty after the competition watchdog found it broke rules by fixing retail prices of some Rangers Football Club branded clothes. The Competition and Markets Authority (CMA) said it had provisionally found that Elite Sports and JD Sports fixed the retail prices of a number of Rangers-branded replica kits and [...]
Last-minute Christmas shoppers rush to central London as capital readies to slow down for the holidays December 24, 2021 Many Londoners rushed to Oxford Street and other major shopping districts in the capital this afternoon for their last-minute Christmas shopping, as the country readies to shut slow for Christmas Day tomorrow. Despite the army shoppers this afternoon, footfall in central London has dropped more rapidly than elsewhere in the country over the last week [...]
Unite warns of disruption to Notting Hill Carnival as bus drivers strike on Bank Holiday August 24, 2022 Unite has warned of travel disruption for those going to the Notting Hill Carnival as over 1,000 bus drivers working for London United are set to strike during the Bank Holiday weekend. Striking bus drivers operate from several depots including Park Royal, Shepherd’s Bush and Stamford Brook, which serve routes close to the carnival. Transport [...]
McDonald’s is latest to shutter on Monday for Queen’s funeral September 14, 2022 Fast-food giant McDonald’s is the latest retailer to close its doors on Monday for the Queen’s funeral. The restaurant chain’s UK arm announced it would close until the early evening as up to a million descend on central London to say goodbye to Her Majesty. Earlier this week, Lidl, Waitrose and Sainsbury’s and Tesco were among [...]
Superdry to delist from London Stock Exchange in latest effort to stay afloat April 16, 2024 Embattled fashion brand Superdry has said it will delist from the London Stock Exchange as part of a restructuring plan to keep the company alive.
Regulators raise concerns as investors swap shares for crypto April 11, 2022 Natwest has revealed more of its customers invest in crypto than shares, as the popularity of digital assets continues to soar.
Watches of Switzerland to open new flagship London Rolex store August 16, 2022 Watches of Switzerland today set out plans to open a new 7,200 square foot flagship Rolex shop in Mayfair after posting strong results for the first half of 2022. The watch seller will relocate its Rolex Boutique from its current 900 square foot premises on Bond Street to new much larger premises down the [...]
Peel Hunt expects second straight annual loss amid tough dealmaking market but sees green shoots April 3, 2024 Peel Hunt expects to report a second straight annual loss for its last financial year as the investment bank grapples with a reduced appetite for dealmaking and IPOs.
Metro Bank reports continued profitability as turnaround efforts slowly bear fruit May 3, 2023 Metro Bank recorded its second consecutive quarter of profitability as the bank’s turnaround plans continue to bear fruit. Although it did not provide details, Metro Bank confirmed in a trading update today it was profitable on a statutory basis in the first quarter of this year. This comes after the bank reported profitability in the [...]