Primark Profits Soar as Bridgerton-Inspired Range Flies off Shelves By Emily Hawkins For The Daily Mail Updated: 07:24 BST, 27 June 2023 Primark has experienced a surge in profit thanks to strong demand for its summer clothing range, which includes items inspired by the popular Netflix series, Bridgerton. According to Primark executives, floral bodices and …
Investors React to Russian Coup Failure as Rouble Hits 15-Month Low By John-Paul Ford Rojas For The Daily Mail Updated: 21:51 BST, 26 June 2023 Yesterday, global investors were scrambling to respond to the repercussions of Russia’s failed mutiny, leading to the rouble hitting its lowest point against the US dollar in 15 months. In …
Sir Rocco Forte: UK’s Policies Are Restricting Enterprise, Says Hotelier Sir Rocco reveals abandoned plan to open series of boutique hotels Government is slow in slashing red tape, according to him Deregulation that would boost the economy has not happened By Emily Hawkins For The Daily Mail Updated: 23:18 BST, 25 June 2023 Sir Rocco …
Investment firm M&G is currently facing criticism for its failure to protect savers who purchased bonds from struggling Bollywood film group, Eros Media World. M&G, one of the UK’s largest investment firms with over £340 billion in assets under management, has been accused of not safeguarding the interests of bondholders. As a result, a formal …
The market is getting rattled by the possibility of rate hikes, as fears grow that the UK might slide into a recession. These concerns have put pressure on the pound, causing it to dip to $1.2688 against the dollar during a turbulent session. However, there is a glimmer of hope in the retail sector, as …
Hotel Chocolat, once hailed as a pioneer in the chocolate market, is facing a challenging period. The company, led by the charismatic Angus Thirlwell, aimed to revolutionize the perception of chocolate in England by introducing innovation and excitement to the industry. This dedication even resulted in a two-part documentary series aired on Channel 5. However, …
Hotel Chocolat Experiences Another Annual Profit Warning, Leading to Share Tumble Hotel Chocolat previously stated it would break even in the current financial year The group anticipates turnover and earnings falling below expectations for FY24 Digital and wholesale revenues have declined over the past year By Harry Wise For This Is Money Updated: 16:58 BST, …
The City has experienced a lackluster year thus far, with few exciting mergers, acquisitions, or fundraisings. However, one individual defying this trend is adventurous businessman Nat Rothschild, who recently revealed his plans to tap the market for cash in order to fund a takeover at Volex. While recent years have seen stock markets being used …
The Bank of England’s Monetary Policy Committee (MPC) has decided to increase interest rates by 0.5 percentage points to 5%, with a margin of 7-2 in favor of the hike. The decision comes after the MPC previously raised rates by 0.25 percentage points on two occasions. Inflation has remained high at 8.7% in May, prompting …
The Bank of England Struggles with Inflation as Britain Falls Behind US and Europe By John-Paul Ford Rojas For The Daily Mail Updated: 01:02 BST, 22 June 2023 The Bank of England will face pressure to increase interest rates at a faster pace after new data revealed that Britain is falling behind other G7 countries …