Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall November 30, 2023 "Expected output price inflation has been gradually falling over the year," the survey noted.
Asos sells Topshop and Topman into new joint venture with Heartland September 5, 2024 Online clothing retailer Asos has launched a joint venture with Heartland, whereby Heartland will buy the Topshop and Topman brands from the firm. Asos bought the two brands, along with Topman, Miss Selfridge and HIIT, in 2021 from Philip Green’s collapsed Arcadia group for £265m (excluding stock). The joint venture will grant Asos “certain design [...]
Criminal Record producer STV takes control of Glasgow production company September 3, 2024 Public broadcaster STV has announced it has upped its stake in Glaswegian production company Hello Halo as it posted strong half year results, saying its order book for new shows is “stronger than ever”. STV has today struck a new deal to take majority control of Glasgow-based unscripted formats creator, Hello Halo Productions, which recently won [...]
Bulb takeover will only cost taxpayer £260m, says Octopus Energy February 1, 2023 Octopus Energy's takeover of Bulb could cost the taxpayer considerably less money than previously estimated, the firm told City A.M.
Owner of Majestic Wine and Punch Pubs acquires one of UK’s biggest discount retail chains April 11, 2024 Poundstretcher, one of Britain's biggest discount retail chains, has been sold to the owner of Majestic Wine and Punch Pubs.
Wood Group: Firm offloads two businesses as ‘strategic’ turnaround begins August 28, 2024 Engineer Wood Group has sold two businesses for a total of $165m (£125m) after it revealed it slid into the red in the first half of the year. The London-listed firm, which is headquartered in Aberdeen, said today it has sold its stake in Ethos Energy Group, a joint venture with its partner, Siemens Energy [...]
More than four million illegal vapes seized at UK border January 27, 2024 Just 4,430 vapes were seized in 2021, rising to 988,064 in 2022, and soaring to 4,537,689 in 2023.
What role does foreign talent have in some of Britain’s fastest-growing companies? August 28, 2024 Foreign-born talent has once again been found leading a significant portion of the UK’s fastest-growing companies.
Two New York police officers suspended after video shows them pushing 75-year old man to ground June 5, 2020 Two police officers in Buffalo, New York, were suspended without pay yesterday after a video showed them pushing a 75-year old man to the ground as protests over the killing of George Floyd by police in Minneapolis reached their tenth night. The video taken by a reporter from local public radio station WBFO shows the [...]
Downing Street and London’s City Hall lit up in Israeli flag after Hamas terror attacks October 8, 2023 Mayor of London Sadiq Khan confirmed "City Hall will be lit up in the colours of the Israeli flag from tonight".