Carpetright has become the latest household name to fall into insolvency following the likes of The Body Shop, Ted Baker and online luxury fashion retailers Matches and Farfetch earlier this year. The business, which is one of …
Estate Planning
Is the post Covid boom over? A reality check for Ryanair, Easyjet, Wizz Air and Jet2
Yesterday saw shares in Easyjet, Wizz Air, Jet2 and British Airways owner the IAG plunge dramatically as some of Britain’s biggest carrier’s were given a reality check following results from …
Popular ‘daylist’ helps Spotify grow monthly users and subscribers
Spotify has said its monthly active users grew more than expected in the second quarter and subscribers also rose as the streamer’s new ‘daylist’ feature has gained popularity. The Swedish …
TSB Bank faces precedent lawsuit over Northern Rock mortgage rates
TSB Bank is at the High Court this week facing precedent legal action by 350 mortgage customers over allegations it overcharged on its rates. The bank acquired £3.3bn worth of …
Severn Trent given top environmental rating from regulator that just fined it £2m
The Environment Agency has awarded Severn Trent the highest possible rating for its environmental performance despite having just fined the water company £2m for a potentially “catastrophic” discharge. Severn Trent, …
Walkie Talkie: Loss almost doubles to £150m at City of London landmark
The company behind the ‘Walkie Talkie’ building in the City of London saw its operating loss more than double to almost £150m during its latest financial year, it has been …
Renault’s UK sales pass £2bn but increased costs hit profit
Sales at the UK arm of car manufacturer Renault accelerated past £2bn in 2023, it has been revealed, despite an industry-wide slowdown, according to newly-filed documents. The firm, whose parent …
Dua Lipa rakes in profit for production firm as global popularity soars
Dua Lipa’s increasing popularity across the world saw her production company rake in more than £20m in profit, it has been revealed. Radical22 Live, formally known as Dua Lipa Live, …
Bullish analysts think sterling’s rally will continue despite chance of interest rate cuts
Analysts think the pound will continue its strong start to the year in the months ahead thanks to the UK’s relative political stability and a resilient economy. Sterling has been …
IBM: AI demand boosts UK profit by more than £100m
Demand for IBM’s AI and hybrid cloud services helped profit at its UK arm surge by more than £100m in 2023, it has been revealed. The Portsmouth-headquartered division has reported …