Tandem Bank hits 100,000 user milestone, after troubled year comes to an end May 29, 2018 It seems another digital bank is on the rise, as Tandem has today announced hitting 100,000 customers just three months after launching its first product. Though the number represents just registered users and not active customers of the banking app, Tandem has said that it sees approximately 82 per cent of that number using their [...]
Mike Ashley survives Sports Direct AGM showdown as shareholders approve re-election September 12, 2018 Sports Direct owner Mike Ashley has survived a potential shareholder backlash in the retailer’s annual general meeting (AGM) today. Roughly ten per cent of investors voted against the re-election of billionaire Ashley, who reportedly did attend the AGM after previously saying he was too busy to take part. However, Sports Direct chairman Keith Hellawell resigned hours [...]
Ranked: Sports Direct tops poll of UK’s most loathed brands October 23, 2018 House of Fraser owner Sports Direct is the UK’s most loathed brand, according to consumer finance website Money Saving Expert. However, billionaire Mike Ashley's bottom-placed retail giant may have been hurt by a social media campaign against the company, admitted the website, which asked 7,600 readers to rank 52 household name brands. Read more: Mike [...]
Sports Direct slams ‘greedy’ House of Fraser landlords August 28, 2018 Mike Ashley's Sports Direct has slammed "greedy landlords" as the group conducts discussions over the future of 59 House of Fraser stores. Several branches of the department store chain which were due to close in early 2019 have been given a reprieve after the new owners negotiated with landlords. But the fate of several shops [...]
Administration filings tumble despite major retail insolvencies August 18, 2018 The number of firms falling into administration fell dramatically in the second quarter of the year, despite a series of high profile insolvencies hitting the headlines in recent months. A total 302 companies entered administration in the three months from April to June, marking a 13 per cent fall from the previous quarter. However, the figure [...]
Clock’s ticking: Payday lender Wonga is ‘on the brink of collapse’ following a spike in customer claims August 26, 2018 Embattled payday lender Wonga is facing insolvency, just three weeks on from receiving an emergency £10m cash injection. The London firm is expected to appoint Grant Thornton to act as its administrator if its board decides Wonga cannot avoid falling into insolvency, Sky News first reported. Today's administration fears follow several enquiries from claims management companies [...]
DEBATE: Is Sports Direct founder Mike Ashley the best person to turn House of Fraser around? August 23, 2018 Is Sports Direct founder Mike Ashley the best person to turn House of Fraser around? YES, says David Blair, global chief executive of FITCH. The British high street is crying out for a saviour, and why shouldn’t it be Mike Ashley? He’s a shrewd retailer driving Sports Direct to win against new-age competitors like Amazon. Ashley [...]
The Lamborghini Huracan Performante Spyder is a V10-powered double espresso, with a Red Bull chaser October 8, 2018 How fast? How much? Is it a Ferrari? Will you swap for my Fiesta? These are all questions you’ll be asked – repeatedly – if you drive a Lamborghini Huracan. Especially if it’s the Performante Spyder in Giallo Inti yellow, with molten gold wheels, a fixed rear wing and Italian Tricolore stripes. Every fuel fill-up, [...]
Ex-Barclays boss Bob Diamond not among digital challenger bank Tandem’s new investors January 11, 2018 Former Barclays boss Bob Diamond will not be making a return to British retail banking, having ruled out taking a stake in digital challenger Tandem. Diamond’s Atlas Merchant Capital had been one of several potential investors in talks with the fintech company in recent months, but is not part of a new funding round that [...]
Peter Rabbit review: Highly irritating bunnies ruin a charming rom-com loosely based on Beatrix Potter’s book March 16, 2018 From Paddington to the Big Friendly Giant, British children’s literature is killing it at the box office. It was only a matter of time, then, before someone snapped up the film rights to Beatrix Potter and her merry band of trouserless critters. It’s attracted some big stars, too; Sam Neill as the ultimate nimby Farmer [...]