Business & Finance

Boohoo CFO exits with immediate effect in latest setback for retailer

Shaun McCabe departs by 'mutual agreement' and replaced by Stephen MoranaMorana was formerly CFO at Betfair and Zoopla, and has worked for BoohooThe retailer also [...]

BUSINESS LIVE Housebuilder profits suffer; Primark sales slow; Boohoo CFO quits

By Live Commentary Updated: 08:00 GMT, 23 January 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

Evri celebrates its busiest Christmas yet after delivering more than 150m festive parcels

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 22 January 2024 Last minute: Evri said households left Christmas shopping late as they waited for [...]

Cheers! Virgin Wines sees sales rise despite ‘subdued’ economic backdrop for shoppers

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 22 January 2024 Festive tipple: Virgin Wines reported total revenues increased 2% to £34.3m over [...]

Sir Martin Sorrell rues his toughest year yet at S4 Capital

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 22 January 2024 Sir Martin Sorrell said that higher interest rates and inflation hit marketing [...]

Heavy taxes are stifling UK tourism, says Haven caravan parks boss

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 22 January 2024 Heritage: Bourne Leisure runs 37 caravan parks and 14 hotels including Studley [...]

Endeavour pushes ahead with ‘serious misconduct’ probe into ousted former boss

By Jessica Clark Updated: 22:01 GMT, 22 January 2024 Endeavour said an investigation into its former boss who was sacked due to ‘serious misconduct’ will [...]

Mortgage price war intensifies in boost for borrowers as Barclays cuts rate by 0.5%

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 22 January 2024 Property loans: Barclays is today shaving as much as 0.5 percentage points [...]

Number of property millionaires tumbles… but 670,000 homes still top £1m

By Calum Muirhead Updated: 22:00 GMT, 22 January 2024 The number of property millionaires is still nearly a third higher than in 2019 despite falling [...]

Half of UK business sectors enjoy demand boost

Lloyds Bank: Seven of 14 UK sectors saw new orders grow in DecemberReal estate witnessed the fastest increase in demand, with a score of 61.4Metals [...]

Compass Group agrees takeover of Royal Opera House caterer

Compass said CH&CO has a 'long track record of strong performance' Headquartered in Reading, CH&CO has held a Royal Warrant since 2013CH&CO's clients include Kew Gardens and [...]

Sir Martin Sorrell: We do not expect the economy to improve in 2024

It anticipates a like-for-like net revenue decline of around 4% for 2023 The firm also expects operational EBITDA margin of around 10-11%By Daniel Fessahaye Updated: 10:42 [...]

Number of UK businesses in ‘critical’ financial distress skyrockets

Over 47,000 UK firms were in 'critical' financial distress during the last quarterThe volume of companies in 'significant' financial distress has risen to 539,900Increasing inflation [...]

BUSINESS LIVE: Levels of financial distress soar; Luxury brand value falls; S4 cheers easing costs

By Live Commentary Updated: 07:45 GMT, 22 January 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

Around £43bn wiped off value of Europe’s biggest luxury fashion houses this year so far

By City & Finance Reporter Updated: 00:05 GMT, 22 January 2024 Around £43billion has been wiped off the value of Europe's biggest luxury houses this [...]

Sainsbury’s boss speaks out for first time about epidemic of retail crime sweeping Britain

Simon Roberts backed our campaign for the police to get tough with shoplifters Abuse or violence towards retail staff should be a specific offenceRoberts: Increase in [...]

Utility giant Veolia put off investing in UK

By City & Finance Reporter Updated: 21:50 GMT, 21 January 2024 The boss of a French utility giant said the UK government's lack of direction [...]

John Lewis considering smaller pay rises for staff amid turnaround plan

By City & Finance Reporter Updated: 21:50 GMT, 21 January 2024 John Lewis is considering smaller pay rises for staff amid a turnaround plan.The retailer, [...]

Flower seller Bloom & Wild slides into loss as sales wilt

By Francesca Washtell Updated: 21:58 GMT, 20 January 2024 Bloom & Wild swung to a loss after customers stopped splashing out on flowers due to [...]

Sainsbury’s spending £220m keeping prices low for customers in its current financial year

By Ruth Sunderland Updated: 21:53 GMT, 20 January 2024 Sainsbury's is spending £220 million keeping prices low for customers in its current financial year.The supermarket [...]

We Buy Each Others Cars.com: Trade-ins earn bosses £2m

By Francesca Washtell Updated: 21:53 GMT, 20 January 2024 Criticism: Avril Palmer-Baunack got £481,000 from selling her own carsSelling a car can be one of [...]

MIDAS SHARE TIPS UPDATE: Record orders boost packing expert Mpac

By Joanne Hart Updated: 21:52 GMT, 20 January 2024 Pioneer: Back in the 1990s, Mpac helped PG Tips owner Unilever to make the first pyramid teabagsInsulin-monitoring [...]

Shareholders in BAE Systems set for windfall from Kazakhstan airline float

By Francesca Washtell Updated: 21:51 GMT, 20 January 2024 Investors in BAE Systems could be in line for a windfall of hundreds of millions of [...]

Revolut hires lobbyist in bid to end banking licence limbo

By Calum Muirhead Updated: 21:51 GMT, 20 January 2024 Revolut is beefing up its lobbying team in its marathon effort to obtain a British banking [...]

CITY WHISPERS: THG boss Matt Moulding backs whinger James Watt after BrewSob story

By Calum Muirhead Updated: 21:51 GMT, 20 January 2024 BrewDog boss and serial corporate whinger James Watt took to social networking site LinkedIn last week [...]

Households replacing gas boilers face ‘boiler tax’ of up to £120

Firms that make boilers and heat pumps are bringing in new charges this yearThe fees of up to £120 per new boiler will pay for [...]

Cost of having a dog has soared by more than double headline rate of inflation

Cost of keeping a canine companion is rising faster than rate of inflationDogs Trust and Oxford Economics say 'dogflation' rate is 9% Like the Consumer Price [...]

JP Morgan boss Jamie Dimon enjoyed 4% rise in pay last year

By Emily Hawkins Updated: 21:51 GMT, 19 January 2024 Veteran: Jamie Dimon of JP MorganJP Morgan boss Jamie Dimon enjoyed a 4 per cent rise [...]

RAY MASSEY: Ford wins the plaudits -Puma was best-selling new car for 2023 and fourth-generation Kuga SUV is on sale this month

By Ray Massey Motoring Editor Updated: 21:50 GMT, 19 January 2024 Ford is on a roll. Its Puma range was the best-selling new car model [...]