Embattled British retailer Superdry is plotting a major restructuring which could see stores closed and jobs cuts after reporting weak sales. Over the weekend, Sky News reported that the firm …
Financial Planning
BP faces City pressure to ditch £24bn clean energy investments for shareholders
A leading London activist investor group is pressuring oil giant BP to ditch renewable energy and maintain its fossil fuel operations for shareholders, reports suggest. The Financial Times this morning …
Manufacturer Chill hits back Sunak plans to ban disposable vapes
Vape and CBD products manufacturer Chill Brands Group has said its existing vape products are excluded from government plans to ban disposable vapes, set to be announced this morning. Chill …
Ukrainian court confirms £98m lawsuit against London-listed Ferrexpo billionaire
The Ukrainian government is pursuing an embezzlement case against a Ukrainian billionaire by suing him through a subsidiary of his London-listed company. Kostyantyn Zhevago, who controls FTSE 250-listed iron pellet …
Iceland boss and former Tory donor Richard Walker switches backing to Labour
The executive chairman of Iceland supermarket has given his backing to Labour, saying the party was the “right choice” for business and voters. Richard Walker, the executive chairman of the …
Troubled investment trust D9 confirms ‘managed wind down’ after debt and share woes
Digital 9 Infrastructure (D9) has confirmed it is winding down the company after it bought too many companies and tripped over its large pile of debt. On Monday, the London-listed …
Big companies at risk as nearly a fifth of listed firms issue profit warnings in 2023
Large listed companies came under increasing financial strain over 2023, new figures show, as the burden of higher interest rates weighed heavily on corporate balance sheets. In the final quarter …
Rise of long-term sickness deepens regional inequalities, report finds
The rise in long-term sickness is deepening existing health inequalities and hampering the labour market’s post-pandemic recovery, new research suggests. Rising inactivity due to ill-health has been a worrying trend …
London house prices: Best time to buy since 2016, experts say, but it won’t last
House prices in London will become more affordable this year, according to a new report, but the capital has been warned not to “get carried away” amid a frenzy of …
American adventure continues for Domestic & General as it makes second acquisition
International appliance care specialist Domestic & General (D&G) has made its second US acquisition following a $75m deal last year. The group, which has a revenue of nearly £1bn and …