Travel sector calls on Chancellor to ensure industry’s recovery in next week’s Budget November 11, 2022 The travel sector has called on Chancellor Jeremy Hunt to ensure the industry can “recover and thrive” as the UK gets ready for next week’s Autumn Statement. “Getting the right tax and policy framework would see travel businesses continue to build on a decent summer, paving the way for strong recovery, which would support jobs, [...]
Next snaps up collapsed Made.com in £3.4m swoop November 9, 2022 NEXT snapped up the brand, domain names and intellectual property of Made.com for £3.4m in a prepack administration this morning, just 18 months after it made its £775m London debut. In a statement this morning, Made.com confirmed it had appointed administrators PwC to sell off its other assets and pay off its debts. Former chief [...]
UK to avoid recession but inflation won’t return to Bank of England target until end of next year April 28, 2023 Britain is poised to dodge a recession this year, but inflation will not return to the Bank of England’s two per cent target until the end of next year, new forecasts out last night revealed. The fresh projections from consultancy PwC add to the growing body of organisations who have canned their prediction that the [...]
Freefall: Credit Suisse potentially ‘next shoe to fall’ as bank contagion fears spread across Europe March 15, 2023 Shares in Credit Suisse tanked today after one of its main shareholders ruled out providing new funding to the embattled lender prompting a major sell-off in the wider European banking sector. Credit Suisse shares traded as much as 30 per cent down earlier on Wednesday, and are now trading around 23 per cent lower. Banking [...]
Unilever boss to step down from company by end of next year September 26, 2022 Unilever's chief executive Alan Jope has announced his intention to retire from the consumer goods giant at the end of 2023.
Biden to visit Florida in final push before US midterms next week November 1, 2022 Joe Biden will go on a one-week campaign blitz before next week’s US midterm elections, with the Democrats in line to lose their grip on the US Congress. The President will deliver a speech in Florida today, which is the site of a key battleground Senate race, and is expected to talk up America’s improving [...]
Union postpones next week’s strike to allow ‘constructive discussions’ with Network Rail November 1, 2022 The rail union TSSA has postponed next week’s strikes at Network Rail to allow for “constructive, intensive and detailed discussions to continue.” Involving thousands of workers, the strikes were supposed to take place on Saturday, Monday and Wednesday next week. Nevertheless, workers at Avanti West Coast, East Midlands Railway, c2c, South Western Railway and Southeastern [...]
Nightclubs face higher business rates next year in latest ‘hammer blow’ for the sector December 12, 2022 Press Association Nightclubs across the UK face higher property taxes next year in the latest “hammer blow” for the sector, according to new data. The new business rates rules unveiled in last month’s budget handed many high street firms lower tax bills from April next year. Pubs and high street shops are among those due to [...]
Letters: Next episode might be better? April 21, 2022 [Re: Netflix shares tumble as streaming giant loses 200k subscribers, yesterday] Quelle surprise, as the French would say. After years of being trapped at home having little else to do except watch TV, people have started to cancel their subscriptions for Netflix. If the streaming giant wasn’t prepared for this moment, then they really were [...]
SBF facing charges while federal investigations rock crypto – what’s next? December 13, 2022 Nigel Green takes an optimistic look at the long-term benefits in the wake of the FTX collapse and Sam Bankman-Fried's arrest.