British Gas poised for record profits after Ofgem’s hike in price cap allowances July 23, 2023 British Gas is expected to post record profits next week, powered by Ofgem's decision to temporarily hike allowances for suppliers.
Sadiq Khan freezes TfL fares after drumming up extra £123m January 19, 2024 Tube and rail fares will be frozen until March 2025 after Mayor Sadiq Khan drummed up an extra £123m in funding for TfL.
Is Mike Ashley plotting a takeover of another UK retailer? December 17, 2023 Retail tycoon Mike Ashley is understood to be plotting an acquisition of ailing luxury fashion site Matchesfashion.
Rare copy of JK Rowling’s debut novel, Harry Potter and The Philosopher’s Stone, set to go under the hammer June 26, 2024 The book is one of only 200 ever printed and has drawn attention due to its spelling mistake on the front cover.
John Lewis boss vows to keep employee-owned retailer ‘unique’ April 26, 2023 Dame Sharon White has vowed to preserve what makes the John Lewis Partnership “unique,” as the chief of the struggling retail chain outlines how the company plans to navigate the cost of living crisis and retain its customer base. Dame Sharon told The Telegraph retailers were continuing to see the “effects of the pandemic” and [...]
UK investment fund launches plunge to 20-year low as investors turn to cash January 2, 2024 The number of new UK investment funds has reached its lowest level in two decades, as asset managers are hit by high costs.
Various Eateries to capitalise on ‘reduced competition’ in casual dining market December 6, 2023 The business behind restaurants Coppa Club and Noci, Various Eateries, is looking to ramp up the rollout of both sites as it looks to capitalise on "reduced competition" in the casual dining market.
JD Sports sees £2bn wiped off market value but analysts are holding out hope January 4, 2024 JD Sports has not started the new year on the right foot. Nearly £2bn has been wiped off the firm’s market value after it posted an unusually weak Christmas performance. A warning from the ‘king of trainers’ that it would struggle to meet its ambitious £1bn profit target kicked the retailer’s share price down by 25 [...]
Greene King revenues top £2bn as pub chain hopes inflation fears will be drowned out by a boozy Coronation May 2, 2023 Greene King said revenues continued to soar however the chief executive of the group warned that inflation and the cost of living crisis would prove a “tough backdrop” for the hospitality sector. The pub operator, which has over 2,000 sites across the UK, reported a revenue hike of 62.2 per cent for the 52 weeks [...]
Wizz Air share price jumps on record 60.3m passengers last year January 23, 2024 Wizz Air carried a record number of passengers last year, as travel demand rebounded dramatically from pandemic-era lows.