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Hedge funds build up bets worth over £1 billion against some of the biggest...
Hedge funds have built up bets worth over £1 billion against some of the biggest names in British retail — amid fears of more pain to come.Despite the cost of living crisis, British retail sales have...
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Nike boss blames staff working from home for sales slump after shoe firm...
THE boss of Nike has blamed staff working from home for failing to come up with exciting new designs that wow shoppers.CEO John Donahoe says a sales slide was mostly down to the creative...
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Clothing giant warns it will go bust unless it quits stock market and pushes...
SUPERDRY has warned it will go bust unless it quits the stock market and pushes through an aggressive plan to cut its rent bills and business rates.Founder and chief executive Julian Dunkerton said a...
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Czech billionaire weighs up new takeover offer for Royal Mail owner after...
BILLIONAIRE Daniel Kretinsky is weighing up making a new takeover offer for Royal Mail’s owner after his secret bid was rejected.The Czech, who already owns a 27.5 per cent stake in the postal firm’s...
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Easyjet suffers £80million hit from Gaza conflict and Middle East tensions...
EASYJET says it has suffered an £80million hit from the conflict in Gaza and growing tension across the Middle East.The low-budget airline axed flights to Israel and Jordan following the Hamas terror...
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Retail sales flatline in spending lull as shoppers cut back on food and drink
RETAIL sales flatlined last month as shoppers cut back on food and drink spending, it was revealed today.Figures showed no growth between February and March whereas analysts were expecting a 0.3 per...
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ASDA boss dismisses claims of family feud as his brother looks to cash out of...
THE billionaire boss of Asda has dismissed claims of a family feud as his brother looks to cash out of the firm.Mohsin Issa bought the supermarket with sibling Zuber and TDR Capital in a leveraged...
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How Primark has the ‘perfect formula for online shopping’ as it shuns home...
FASHION powerhouse Primark says it has the winning formula for online shopping — as it continues to shun home deliveries.The low-cost retailer yesterday said it would expand its click and collect...
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Profits at Lloyds fall after bank squeezed to increase rates for savings...
PROFITS at Lloyds have fallen by more than a quarter after the bank faced more pressure to increase rates for savings accounts customers.Britain’s biggest domestic lender posted a 28 per cent drop in...
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Fears London stock market will lose another giant company after £31m takeover...
Fears the London stock market will lose another giant company soared yesterday — after a £31 billion mining takeover bid.The approach for Anglo American was made by Australian rival BHP.AlamyAnglo...
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NatWest try drumming up support for its shares ahead of Government sale of...
NATWEST is trying to drum up support for its shares ahead of the Government’s sale of its remaining stake.The lender, which also includes Royal Bank of Scotland and Coutts, reported a...
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Ocado boss Tim Steiner receives green light for £15million bonus
OCADO boss Tim Steiner is the latest chief to bag a bumper pay rise — as debate rages about the gap between big earners in the UK and US.Around 80 per cent of shareholders yesterday gave the green...
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HSBC boss Noel Quinn quits after an ‘intense five years’ at top of bank
The boss of HSBC unexpectedly quit yesterday after an “intense five years” at the top and 37 years with the bank.Noel Quinn said he was retiring “to get a better balance between my personal and...
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Fast-food giants Pizza Hut and KFC suffer sales slump as cash-squeezed Brits...
THE world’s biggest fast-food companies have been put on a diet by cash-squeezed customers who can no longer afford the treats.Both KFC and Pizza Hut saw sales fall as consumers cut back on eating...
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Soggy April dampens high street sales and footfall – leaving retail giants...
LAST month was a washout for retailers, with heavy April showers dampening sales and footfall.The sector’s lacklustre performance has raised fears the UK’s recovery could be losing steam.AlamyHeavy...
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Trainline profits double to £56m as sales surge despite strikes costing it...
TRAINLINE made over £5billion in ticket sales in the past year — doubling its profits to £56million.It came despite rail strikes costing it £4million a day.Glen Minikin - The SunTrainline made over...
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British driverless car firm raises $1bn from investors in Europe’s biggest AI...
BRITAIN’S hopes of rivalling Silicon Valley were boosted yesterday as a driverless car company raised $1billion (£790million) from investors.The cash injection into Wayve, the biggest to date in a...
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Boohoo urges Government to plug tax loophole exploited by Shein — before it...
THE boss of Boohoo has urged the Government to plug a tax loophole exploited by Shein — before it attempts to list in London.The Chinese fast fashion giant appeals to shoppers with ultra-cheap...
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Boost of lower interest rates could be on the way after Bank of England said...
A SUMMER boost of lower interest rates could be on the way after the Bank of England said it was “optimistic” that inflation is falling.The Bank yesterday kept rates at 5.25 per cent for the sixth time...
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Ikea forced to delay opening of highly anticipated Oxford Street store amid...
IKEA is running into its own DIY challenges — forcing it to delay the opening of its highly anticipated Oxford Street store for a second time.The Swedish flatpack giant will now start trading in the...
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