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News

  • July 11, 2024

The Body Shop: What next for high street icon as tycoon eyes rescue deal?

The future of collapsed high street icon The Body Shop could be decided in the next two weeks as it emerged that British tycoon Mike Jatania was in exclusive talks to rescue the brand.

  • July 11, 2024

Lenders expect further rise in mortgage defaults in coming months

UK lenders are expecting a further jump in default rates on home loans in the coming months, according to a Bank of England survey, as mortgage holders face higher refinancing costs.

  • July 11, 2024

Max Mara nearly doubles UK profit as ‘extraordinary’ market challenges ease

The UK arm of luxury womenswear brand Max Mara has almost doubled its pre-tax profit despite what it described as a "highly uncertain" economic backdrop, newly-filed documents have revealed.

  • July 11, 2024

Amazon faces potential investigation as Prime Day nears

A watchdog has warned that it would "not hesitate" to launch a formal investigation into Amazon if concerns were raised that the US giant was not treating its suppliers fairly and lawfully.

  • July 11, 2024

Meet the man quietly building London’s next bit of vital infrastructure

Tim Creswick runs Vorboss, the company building the fibre network London businesses increasingly rely on

  • July 11, 2024

Asset manager Redwheel buys £1.1bn sustainable investor Ecofin

Asset manager Redwheel has moved to expand into the US with the buyout of sustainable asset manager Ecofin for an undisclosed price.

  • July 11, 2024

Wealth manager takes legal action against fund house for ‘unacceptable performance’

Financial planning firm Tavistock and investment manager Titan have descended into a legal spat over the alleged poor performance of Titan's model portfolio service (MPS).

  • July 11, 2024

Mountain Equipment hit by export sales cut as profit more than halves

Profit at Mountain Equipment more than halved following a strong few years of growth as the brand saw a sharp decline in exports, according to newly-filed documents.

  • July 11, 2024

Heathrow Airport: Landing charge ruling spells trouble for UK’s biggest hub

The landing fee has been the subject of a bitter feud between Heathrow and airlines such as Virgin Atlantic in recent years.

  • July 11, 2024

PwC cuts Friday half-day perks for UK staff during the summer

PwC has issued a warning internally to its UK employees that it will be cutting Friday half-days perks while bonuses for some parts of the UK business will be reduced

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