Administrators make millions from Debenhams’ demise November 14, 2022 Debenhams‘ administrators have made millions in fees since the department store went under in 2020. According to reports from The Times, FRP Advisory has made more than £7.2m in fees since Debenhams filed for insolvency The administrators managed the sale of the store’s brand and website to Boohoo for £55m in January 2021, and documents reveal [...]
Simply Be and Jacamo owner hopes for a rebound after bumpy few months June 4, 2023 Investors in online retailer N Brown will be looking for signs of recovery in its full year results this week after the firm paid out a hefty legal settlement and has struggled amid a broader slowdown in consumer spending. N Brown, which owns brands such as Simply Be and Jacamo, reported a 7.6 per cent [...]
New law set to push the price of a pint above £7 across London June 4, 2024 Hard pressed punters could be set for another blow following reports that a new law coming into effect this October will see the price of a pint in London rise…again.
Why Goldman Sachs predict ‘earlier and more aggressive’ interest rate cuts from central banks December 18, 2023 Goldman Sachs expects "earlier and more aggressive rate cuts" from central banks after a significant fall in inflation over recent months.
Public wary of tax rises as economists warn on ‘disappointing’ fiscal progress August 21, 2024 Although the public are opposed to tax rises in general, there are a couple of taxes which could go up with popular support. Perhaps unsurprisingly, these are taxes which most people do not pay.
Public finances in view after Hunt’s £55bn of spending cuts and tax hikes November 20, 2022 Traders will be keen to examine fresh public finances figures out this week to get a sense of the UK’s debt pile that pushed chancellor Jeremy Hunt into £55bn of spending cuts and tax hikes last week. London’s premier FTSE 100 index registered a solid performance last week, adding 0.92 per cent to close at [...]
Stagecoach bemoans traffic congestion amid ‘disappointing’ London losses December 6, 2023 Stagecoach has hit out at congestion and roadworks in London this morning, as half-year losses in its bus segment in the capital mounted.
Just Stop Oil removed by Harrods security after attempting slow march in luxury London store July 5, 2023 Just Stop Oil (JSO) supporters have marched through luxury department store Harrods in the latest stunt in the group’s ongoing protest action. The activists were pictured holding placards on an escalator in the Knightsbridge shop, before security bundled a photographer out of the building, JSO said. A number of slow marches were held on Wednesday [...]
Scottish Power owner to invest £12bn in Britain to support green energy and offshore wind November 27, 2023 Spain's renewable energy giant Iberdrola has announced plans to invest nearly £12bn in Britain through 2028 in grids and green energy projects.
Which banks were the winners and losers of 2023? December 29, 2023 After a year of big headlines, which UK banks pressed ahead and which fell behind in 2023?