Gymshark nets £45m profit as founder Ben Francis climbs up Sunday Times Rich List May 22, 2022 Sportswear brand Gymshark has pocketed a £45.4m pre-tax profit – a further jolt of good news for its young founder, who has risen in the Sunday Times Rich List. The e-commerce fashion retailer saw profit rocket in the year to July 2021, compared to 2020’s sum of £30.4m, according to accounts filed to Companies House [...]
UK mortgage approvals beat expectations as housing market reopens July 29, 2020 UK mortgage approvals beat expectations and rocketed in June as the housing market reopened from the coronavirus lockdown, the latest figures have shown. The number of mortgages approved by UK banks rose to 40,000 in June after May’s record crash to just 9,300, the Bank of England said today. Analysts had predicted a rise to [...]
How Grind went from a Shoreditch mobile phone shop to a growing coffee empire November 21, 2023 Entrepreneur stories start in all manner of ways. In David Abrahamovitch’s case, it was taking over his late father’s mobile phone shop in Shoreditch. A long-term lease and an interest in coffee led him to open up Grind, one of the early entrants in London’s then nascent flat white scene. That single store has evolved [...]
Kemi Badenoch urged to ‘walk away’ from Gulf trade deal over human rights concerns May 22, 2023 Kemi Badenoch has been urged to “walk away” from “worrying” trade negotiations with Gulf states due to concerns about human and labour rights abuses. The UK has “absolutely no reason” to discuss trade with states where “human, women’s and LGBT rights and workers’ rights abuses are so widespread”, union boss Paul Nowak said. Amnesty International [...]
French tycoon Drahi mulls US IPO for Sotheby’s auction house December 15, 2021 Patrick Drahi is reportedly eyeing up a potential listing for Sotheby’s, just over two years after the billionaire telecoms tycoon and art collector snapped up the renowned British auction house in a $3.7bn deal. Drahi has been exploring the prospect of floating Sotheby’s in the US as soon as next year during discussions with potential [...]
Sainsbury’s now using imported Italian eggs amid ‘supply challenges’ November 14, 2022 Sainsbury’s is now importing its eggs from Italy due to a supply crisis sparked by the avian flu outbreak. The supermarket giant admitted it and other rivals are “experiencing some supply challenges with eggs”, after a report on Friday outlined the staple food had soared in price. One Twitter user shared an image of eggs [...]
S&P 500 set for worst year since 2008 as US stocks slide again December 29, 2022 A broad slide for stocks added to Wall Street’s recent losses on Wednesday, as investors count down to the end of the worst year for the S&P 500 since 2008. The S&P 500 fell 1.2 per cent , with technology, energy and industrial stocks among the biggest weights on the benchmark index. The tech-heavy Nasdaq [...]
Half of all £1m+ UK property sales are in London with not Chelsea but Wandsworth leading the pack May 15, 2022 Despite a more lethargic pandemic property market performance, London remains by far the most prestigious pocket of the property market across England and Wales, accounting for almost half of all homes sold at £1m or above. With an average sold price of £1.4m and a total of £17.6bn worth of property sold at or above [...]
£48,247 is the highest salary the average young Brit expects to earn, ever August 31, 2022 What did you want to be when you grow up? It’s the classic question posed to children by parents and teachers around the world. The typical response usually cites career aspirations such as becoming a firefighter, doctor, nurse, sportsperson, and an astronaut, of course. But, as children become young adults ready to embark on their chosen [...]
Lush lathers up for return to profit amid buy out of US partner April 3, 2022 Soap-seller Lush has bought out its US partner in a bid to almost double its sales in the UK. According to The Financial Times, the high street name is eager to pump cash into rebuilding its UK operations after they took a hit amid Covid restrictions. The retailer returned to profit in its last financial [...]