Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market. Analysts at Jefferies …
Personal Finance
Ocado shares tumble as retail partner Marks poised to hold back funds over poor performance
Shares in online retailer and automation giant Ocado fell by over six per cent this morning following a report over the weekend that its retail partner, Marks and Spencer is …
London’s best afternoon tea, from Claridge’s to The Cadogan
Except for talking about the weather, queueing politely, and cricket, there are few things more typically British than afternoon tea, with its cucumber sandwiches, Earl Grey, and warm scones. So, …
Kemi Badenoch wants trade ‘barriers torn down’ at Abu Dhabi summit
Kemi Badenoch is promoting tariff-free trade at a global summit in Abu Dhabi in a bid to see “more barriers torn down.” The business and trade secretary, with trade policy …
Aercap collected £1bn in legal settlements over stranded Russian planes
US-Irish aviation leasing giant Aercap has revealed that it has recovered just under $1.3bn (£1.02bn) in insurance settlements, ahead of its English legal battle set for trial later this year. …
Budding economic recovery set to support sterling in weeks ahead, analysts argue
A budding economic recovery and a later start to the Bank of England’s interest rate cuts will support sterling over the coming weeks, analysts predict. On Monday sterling was trading …
Unions go to war with FCA management (again) over performance-related pay
Union leaders have once again complained about performance-related pay at the City watchdog, saying new grading schemes are “weighted towards punishment” as they continue to balk at reforms to the …
Everton reaction in full after Premier League points deduction reduced on appeal
Everton have received a boost in their battle against relegation after their points deduction for breaching the Premier League’s financial rules was reduced on appeal. The Merseyside club received a …
Visiting charming Cheltenham, the Bath of the Midlands
There’s more to the charming historic town of Cheltenham than the races, says Adam Bloodworth. It’s worth visiting all year round THE WEEKEND: Cheltenham has all the splendid things that …
Gig economy: Law firm launches probe for Parcelforce drivers in latest workers’ rights row
Law firm Leigh Day has launched an investigation on behalf of Parcelforce drivers to establish if they have been misclassified as self-employed independent contractors rather than workers. The probe was launched in …