Boohoo warns of further sales falls as tough buyer market takes its toll October 3, 2023 Fast fashion giant Boohoo’s said its revenues fell by 17 per cent in the six months to August to £729m, and warned of further sales falls in the year ahead. The online shopping brand, which has been undergoing a turnaround plan, said that in the year ending February revenues could slip by between 12 to [...]
Let’s be honest, pornography is not sex positive – and it’s not prudish to say so August 6, 2024 It is commonly believed that watching pornography is part of a healthy sex life. But what if our awkwardness means we're not asking the necessary questions?
Millions face difficulty paying mortgage if rates hit six per cent, says Morgan Stanley October 24, 2022 Millions will face difficulties paying their mortgages if rates hit six per cent, a research note issued by Morgan Stanley has warned. The US bank said there is “significant stress” building in the UK’s mortgage market, as house prices spiral out of control and the Bank of England seeks to tame rising inflation. Last week, [...]
Stonegate Group warns on future as it battles £2.2bn debt pile April 10, 2024 Britain's biggest pub operator Stonegate has raised concerns about its future as it battles a £2.2 debt pile.
Boom in UK retail drives Cazoo’s revenue up 103 per cent to £347m October 27, 2022 A boom in the UK retail market has driven Cazoo’s quarterly revenue to £347m, 103 per cent up on last year’s levels. In the three months ended 30 September, UK retail unit sales went up 100 per cent to 18,889 vehicles sold despite inflationary pressures biting into consumers’ spending. “This very strong performance shows that [...]
UK Treasury under fire for delays to buy-now pay-later regulations January 11, 2023 The Treasury has come under fire from a Tory peer today after more delays to the rollout of buy-now pay-later regulation, amid concerns fintechs have been left in limbo and shoppers are landing themselves in unmanageable piles of debt. Buy-now pay-later (BNPL) firms like Klarna, Clearpay and Laybuy, which allow shoppers to defer and split [...]
Toyota reveals hydrogen-powered Hilux as UK built project September 5, 2023 Toyota has revealed a UK-built hydrogen-powered version of its popular Hilux pick-up as the firm looks to ‘explore all available technologies’ to drive down its carbon footprint. While European versions of the Hilux are usually made in Durban, South Africa, Toyota’s Burnaston factory in Derbyshire has been tasked with developing a hydrogen fuel cell-powered version [...]
Sunak insists he will bring down taxes when inflation cools May 18, 2023 Rishi Sunak has insisted he will bring down taxes when inflation cools and claimed the economy is defying expectations. It comes after economists warned one in five people will be paying the higher rate of tax under his policies. The Prime Minister said the nation’s finances are receiving boosts from the departure from the EU, [...]
Persimmon slashes number of homes built as rate rise rattles business August 10, 2023 Persimmon has cut the number of homes it’s building by more than a third as the housebuilder faces up to rapidly rising mortgage rates and a slowdown in consumer confidence. The construction company built a total of 4,249 homes in the first half of the year down from 6,652 homes compared to the same period [...]
Socialists won’t stop my bumper bonus, says Wizz Air boss October 3, 2024 Varadi is blunt at times and tough to decipher, but his backstory is undeniably impressive. The 59-year-old speaks to City AM in Rome.