‘Promises expected to fall short’ admits new UK National Lottery operator October 17, 2023 Despite initial vows, Allwyn has said last year’s funding to good causes of approximately £1.8bn will barely increase next year.
Less is more, but not for Glencore November 20, 2023 Glencore's near-$7bn acquisition of Canadian miner Teck Resources stands at odds with its green energy goals... or does it?
St James’s Place set to plummet out of FTSE 100 May 29, 2024 St James's Place is set to fall out of the FTSE 100 after ten years in London's main index.
Interflora’s losses widen as flower delivery giant attempts ‘boldest pivot in 100-year history’ May 28, 2024 Losses widened at the UK arm of flower delivery firm Interflora widened its pre-tax losses last year, as the firm continued to struggle with customers spending less.
Rayner property row a ‘storm in a teacup’, shadow minister suggests amid probe April 13, 2024 A shadow minister has dismissed allegations about Angela Rayner’s previous living arrangements as a “storm in a teacup” and rejected suggestions of “double standards” over her tax affairs amid a police investigation.
Saga looks to sell off insurance business to help pay down £721m debt January 22, 2023 Saga is reportedly seeking to sell its in-house insurance business in a bid to raise £90m to help pay down its huge £721m debt. The London-listed company, which offers cruises, package holidays, insurance, and financial services to the over-50s, is looking for buyers for its underwriting arm, according to The Sunday Times. Any sale of [...]
Red China: Economy indicators turn south as China stops reporting young unemployment August 15, 2023 A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts say more support is needed to revitalise growth. Less than an hour before the release of a batch of July data, China’s central bank unexpectedly cut key [...]
Flexibility, feedback and social media: What Rolex or Patek Phillipe can learn from watch microbrands May 18, 2024 Users are increasingly turning to watches that have a story.
THG shares tumble after bosses shut down Apollo takeover talks May 12, 2023 Retail group THG has shut down takeover talks with Apollo after its board deemed the US buyout giant had tabled “inadequate valuations” for the firm.
Mortgage approvals snap back following mini budget chaos, but net lending at lowest since 2016 March 29, 2023 Mortgage approvals have improved for the first time since August, as the market begins to shake off the stress of the mini-budget, however experts have warned that the housing market will “remain price sensitive”. According to the Bank of England’s Money and Credit report for February, net mortgage approvals for house purchases increased to 43,500 [...]