More than 800 directors have been disqualified for abusing Covid support schemes over the 2023-24 financial year following investigations by the Insolvency Service. A total of 831 directors were banned …
Retirement Planning
Jet2 founder lowers stake after shares climb takes airline and holidays group’s value past £3bn
The founder of budget airline and holidays operator Jet2 has lowered his stake in the group after stepping down as its chairman last year. Philip Neeson was succeed by Robin …
England spinner Derek Underwood dies aged 78
England’s most prolific spin bowler Derek Underwood has died aged 78. The Test bowler took 297 scalps in 86 matches for the national team and was affectionately known as Deadly. …
UK markets are ‘generationally mispriced,’ says youngest investment trust manager
UK markets are “generationally mispriced”, one of the youngest investment trust managers in the UK has said. Laurence Hulse, manager of the Onward Opportunities trust, led the first float of …
Troubled Superdry to launch steep rent cuts in latest efforts to stay afloat
Embattled Superdry will publish a restructuring plan over the coming days which will entail steep rent cuts across a large number of its 94 stores. Sources told Sky News City …
Musk to cut 14,000 jobs at Tesla, saying ‘it must be done’
Tesla is reportedly due to lay off over 14,000 employees, around 10 per cent of its workforce, as it aims to shed weight ahead of a new phase of growth. …
Samsung steals smartphone crown from Apple as Chinese rivals Huawei, Oppo and Xiaomi eat into market
Samsung has stolen the top spot in the smartphone market back from Apple, after the US tech giant gained an edge a few months ago. Apple’s iPhone sales sagged 10 …
Deal agreed to sell 235-acre failed Britishvolt site to US private equity giant Blackstone
A deal has been agreed to sell the site of failed EV battery business Britishvolt in Northumberland to a US private equity giant. The site in Cambois, which was formerly …
Former Blackburn Rovers footballer sues HSBC for £2m over loan negligence
Former professional footballer Matt Jansen has launched a legal challenge claiming banking giant HSBC lost him over £2m on property loan agreements during the 2008 financial crash. The claim was …
Uniqlo: Viral TikTok trend helps boost European sales past £1bn
Uniqlo’s sales across Europe surged past €1bn (£853m) thanks to one of its products going viral on TikTok, it has been revealed. The London-based arm of the Japanese retailer has …