A campaign by global luxury fashion brand Valentino for shoppers to trade in their clothes in exchange for vouchers helped sales jump at its UK arm during 2023, it has …
Financial Planning
Value of Molten Ventures’ stake in Revolut more than doubles after employee share sale
Molten Ventures said the value of its stake in Revolut has more than doubled after the British fintech secured a $45bn (£34.9bn) valuation in a share sale by employees. The …
FCA fires another warning shot at insurers over consumer failings
The Financial Conduct Authority (FCA) has fired a warning shot at the insurance industry today amid concerns firms are flouting its stringent consumer duty rules and failing to deliver value …
Entain: Investor group lawsuit filed against gambling giant and Ladbrokes owner
London-listed betting and sports gaming company Entain has been hit with legal action over alleged bribery at a former Turkish subsidiary. Entain made headlines back in November after it signed …
Marv Studios: Record year for Matthew Vaughn and Claudia Schiffer’s Kingsman maker
Marv Studios, the production company founded by Matthew Vaughn and Guy Ritchie, achieved the best year in its history as it surged back into the black. The firm, which is …
Rachel Reeves facing ‘tough choices’ after latest UK borrowing figures
If it was not already clear enough, this morning’s borrowing figures show that Rachel Reeves has a difficult job on her plate as the October Budget slowly draws nearer. Already …
Falling number of London taxi drivers leads to LEVC losing more than £100m
LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this …
Tech firm Pebble Beach Systems reports ‘strong sales pipeline’ despite market challenges
Tech firm Pebble Beach Systems expects a positive year ahead as the software group reported a “strong sales pipeline” despite challenging market conditions. The firm, which specialises in playout, content …
Waitrose to ramp up convenience store expansion with 100 new sites
The premium grocer Waitrose will expand its store portfolio by around a third over the next three years in one of its “biggest periods of expansion” as it ramps up …
Claridge’s Hotel: Major expansion helps sales and profit surge at five-star London icon
Sales at Claridge’s Hotel surged by more than 20 per cent in 2023 thanks to a “strong” recovery from the Covid-19 pandemic and the completion of a major expansion project. …