Civil Aviation Authority chief steps down following a summer of travel chaos October 21, 2022 The chief of the UK Civil Aviation Authority will stand now next year after a rocky few years of pandemic transport chaos and strike action drama. Richard Moriarty has worked for the organisation for more than ten years, in senior roles including Director of Competition and Economic Regulation, Director of Consumers and Markets, Deputy Chief Executive [...]
What post Brexit border checks for EU goods entering UK have been laid out by ministers? April 5, 2023 Plans for how post-Brexit border checks on goods coming into the UK from the EU will work have been set out by ministers. The Government has published a draft border operating model, designed to bring in the checks the UK is required to make under its Brexit trade agreement with the EU. Ministers have delayed [...]
UK economy: ‘No one has any clue what’s going to happen,’ says boss of Britain’s fastest-growing business August 23, 2024 The chief executive of Britain's fastest-growing company has warned that poor access to finance for small firms risks hamstringing the UK's economic growth, as business owners already struggle with "really high uncertainity in the world".
Ted Baker seller in the red as jobs cut and stores closed amid focus switch to Suit Direct August 23, 2024 A group which sells Ted Baker clothes across the UK slumped into the red as it significantly restructured itself to focus on its Suit Direct brand. As part of the move, Baird Group disposed of its license to sell Ben Sherman clothes, closed unprofitable stores, cut more than 100 jobs and appointed a new chief [...]
Cazoo shares spiral despite narrowed losses August 1, 2023 Shares in the struggling used-car retailer Cazoo tumbled on Tuesday, as investors failed to gain confidence in the firm’s restructuring and drive to rebound after last year’s crises. Losses improved by nearly 37 per cent year-on-year in the six months to June, narrowing from £241m to £151m – but this was not enough to stop [...]
Analysts ‘sceptical’ about Flutter’s £2bn bid for Playtech’s Italian arm August 19, 2024 Flutter Entertainment’s potential £2bn swoop on Italian betting firm Snaitech, the consumer division of ‘white label’ gambling technology provider Playtech, has left some analysts unconvinced. Playtech has granted a period of exclusivity for Flutter to complete due diligence, although the Paddy Power and Betfair owner said at this stage there is “no certainty” that it [...]
Topps Tiles’ commercial business to climb into profitability next year July 6, 2022 The UK’s largest tile retailer, Topps Tiles, has said its historically loss-making commercial business will climb into profitability next year, as it continues to navigate falling consumer confidence, supply chain challenges and historic levels of inflation. “We remain confident that the business will break even in the second half of the year and then move [...]
ITV’s Love Island channel ITVX is winning over investors and ‘landing well’ with advertisers January 13, 2023 Streaming service ITVX triumphs in the first month following its launch, attracting viewers and advertisers alike and improving sales parent company ITV said. The free ad-supported platform has boosted ITV’s streaming hours by 55 per cent year on year, lifted by consumer demand during December’s FIFA World Cup in Qatar. Excluding World Cup coverage, streaming [...]
The Wild West of money: Preserving singleness in a digital age November 16, 2023 Conserving singleness shouldn’t prevent new forms of digital money from existing, explains Elise Soucie of GDF.
Crypto venture capital backing tumbles again as market ‘winter’ spooks investors May 12, 2023 The amount of cash invested into crypto companies globally tumbled sharply again in the first quarter of the year as investors continue to flee the market amid a deep ‘crypto winter’, new data has revealed.