Asos: Short sellers ramp up bets against former retail favourite as profits dwindle November 21, 2023 Short sellers have been hiking their bets against Asos this month after the former e-commerce darling slashed its profit forecasts in September.
Letters: The Met’s trust challenge June 14, 2022 [Re: Crime in our capital city will stay high unless confidence in the Met is restored, June 10] As the cost-of-living crisis continues to bite, we’re seeing fresh waves of concern about a potential spike in crime figures . The Met currently has more police officers than ever before, yet it appears there is still [...]
Digital debt collector braced for ‘uncomfortable’ growth amid soaring cost of living June 29, 2022 The boss of fintech debt collector Ophelos said the cost of living crunch would lead to a surge in demand for its services this year as it revealed a fresh £5m funding round today to double down on growth.
Prospective buyers hit with fresh blow as mortgage approvals continue to fall June 1, 2023 Prospective buyers continue to suffer setbacks as fresh data reveals that mortgage approvals fell during April. Net mortgage approvals for house purchases fell from 51,500 in March to 48,700 in April, figures from the Bank of England show, with experts predicting that the figure could fall further following the central bank’s decision to hike interest [...]
Over a third of Londoners now travelling into the office more frequently as strikes fail to deter commuters May 31, 2023 Rail strikes have failed to stop Londoners heading into the office this year, new data shows. Almost two in five Londoners (38 per cent) are commuting more frequently than they were at the start of the year, according to new data from Virgin Media’s O2 Business Mover Index, covering January to March. Wednesday was the [...]
Move faster on data sharing or watch rivals ‘leapfrog’ the UK, competition tsar warns July 31, 2023 John Penrose, the government’s competition tsar, has urged the government to move faster in enabling the safe sharing of customer data or watch global competitors “leapfrog” the UK. Alongside a coalition of business groups – including the Payments Association and Open Banking Excellence – Penrose argued that the Data Protection and Digital Information Bill needs [...]
Khan pumps fresh cash into London creatives as energy bills spiral September 1, 2022 The Mayor of London Sadiq Khan has pledged £1.2m to help creative workspaces in London to become greener and more energy efficient.
UK nightlife and hospitality ‘teetering on brink’ of collapse as government intervention urged January 17, 2024 The UK’s hospitality and nightlife sector is “teetering on the brink” of collapse, industry voices have warned, after a number of high profile closures have piled pressure on the government to provide more support. Less than a month into the new year, it has been reported that up to 43 hospitality venues across Britain face [...]
Vodafone CEO frontrunner critical of telecoms sector January 2, 2023 Vodafone’s former non-executive director and ex-EE chief has publicly criticised the bureaucracy of European telecoms. Olaf Swantee, a Dutch businessman and key figure in the continent’s telecom sector has stated that the sector’s biggest companies are too complex and centralised. He stated that the sector needs to listen to customers. Swantee is rumoured to be [...]
Millions of Brits to see annual mortgage payments rise by £5,100 by 2024 October 15, 2022 Millions of households will see their annual mortgage payments by as much as £5,100 over the next two years, according to one of the country’s top think thanks. More than five million families are set to be hit by spiralling mortgage costs by 2024, new analysis by the Resolution Foundation revealed, nearly one-fifth of all [...]