Mothercare swings to loss as it prepares to refinance debt September 22, 2023 Baby products brand Mothercare has revealed it swung to a loss over the latest year as it is set to complete a refinancing of its debts after interest rates shot up. The retailer said it was taking longer to return to pre-pandemic sales levels. Mothercare, which sells its ranges through retail giant Boots in the [...]
Brits quit clubbing and booze in fresh blow for late night traders December 14, 2023 Brits are drinking and spending less on a night out, a new report has revealed, as conscious clubbers ditch the booze to protect their pockets and health. When partygoers hit the town they spent an average of £73.19 on a night out, 2.1 per cent less than they did a year ago, a study by [...]
Government borrows less than official predictions in August thanks to rising tax receipts September 21, 2023 The government borrowed £11.6bn in August, the fourth highest August borrowing figures on record but still lower than official forecasts from the Office for Budget Responsibility (OBR). According to figures from the Office for National Statistics (ONS), higher central government spending meant borrowing was £3.5bn higher than August last year. The only time the government [...]
Russian aviation on brink as Bermuda revokes 745 plane licenses, half of country’s fleet March 14, 2022 Bermuda is preparing to revoke the licenses of 745 Russian planes, a move which could ground half the country's entire fleet.
U-Turn: former LSE chief resigns from Russian firm amid backlash March 10, 2022 Xavier Rolet has bowed to pressure and resigned as chairman of PhosAgro, a company facing sanctions over its ties to the Russian government.
The stock market may be back in vogue for Britain’s DIY investors December 12, 2023 Brits’ appetite for the stock market has come roaring back in the past month as retail investors pour cash into global equity funds, new data has revealed.
Destruction of Russian-focused stocks leads London’s top indexes lower February 28, 2022 A NEAR destruction of Russian exposed London-listed stocks held the City’s top index lower today in a wild day of trading on the Square Mile. The capital’s premier FTSE 100 index lost as much as 1.4 per cent during the morning, before finishing down 0.42 per cent at 7,458.25 points. Meanwhile, the domestically-focused FTSE 250 [...]
Mothercare delays pension deficit payments after disruption of Russian operations April 11, 2022 Mothercare said it would be posting a higher than expected profit on Monday. In a pre-close trading update, the baby-clothes seller said it expected that EBITDA before adjusting items would be in the range of £11.5m to £12m for the year to 26 March. The retailer’s share price fell by a dramatic seven per cent [...]
Chelsea agrees terms of £4.5bn takeover bid led by Todd Boehly May 7, 2022 Chelsea has agreed to the terms of a £4.25bn takeover bid from a consortium of investors led by US billionaire Todd Boehly.
PM denies he overruled Mi5 and Mi6 to get Russian billionaire Lebedev a peerage March 7, 2022 Boris Johnson has today flatly denied claims he intervened to get his Russian billionaire friend Evgeny Lebedev a life peerage, after warnings from security services. Johnson said it’s “not the case” he told the independent House of Lords Appointments Commission (Holac) that its assessment the media mogul should not get a peerage – after warnings [...]