There is growing evidence that consumers are facing bill hikes on many fronts after Next became the latest to warn of upcoming price rises. The homewares and fashion retailer said it would implement an “unwelcome” 1% price rise this year to help cover a planned £67 million increase in its turnover. salary. He attributed the … Read more
Prices in stores will rise in 2025 as the key Christmas period failed to meet retailers’ expectations, industry data shows. According to the British Retail Consortium (BRC) and big four accounting firm KPMG, in-store sales rose just 0.4% during the ‘golden quarter’, the three critical months for October shopping. to December. Many retailers rely on … Read more
ClearScore, the credit information provider that was nearly absorbed by FTSE-100 giant Experian seven years ago, is reaffirming its prospects for independent growth with the purchase of a smaller British fintech. Sky News understands that ClearScore will announce on Tuesday the purchase of Aro Finance, a Manchester-based credit marketplace which counts Argos and Asda among … Read more
Lenders to troubled fashion business Quiz Clothing have recruited restructuring advisers days before the vote on delisting from the London Stock Exchange. Sky News has learned that Quiz’s main lender – reportedly HSBC – has hired Interpath to advise it on the company’s growing crisis. Quiz, which last month reported doubts about its going concern, … Read more
If you’ve ever spent your Monday morning commute dreaming of restarting your career, this feature is for you. Every Monday we’ll talk to someone from a different job to find out what it’s really like. This week we chat to publican Luke Bavester, 29, from the Sheaf Inn in West Haddon, Northampton… Picture:Luc Bavester People … Read more
A television channel majority-owned by media entrepreneur David Montgomery will buy from Lord Lebedev, owner of the capital’s weekly Standard, the operating license for a television channel centered in London. Sky News has learned that Local TV Ltd, which was acquired by Mr Montgomery in 2017, is set to announce a deal to buy the … Read more
Outside, it’s the dark middle of winter. We are right in the middle of some of the best farmland in the country. But inside the cavernous warehouse we arrived at, you would have no idea of any of this: there is no daylight; it feels like it could be any time of day, any season … Read more
The owners of Shawbrook Group, the mid-sized UK lender, are drawing up plans to revive London’s moribund listings sector with an initial public offering, valuing it at more than £2bn. Sky News has learned that BC Partners and Pollen Street Capital, which took Shawbrook private in 2017, are set to appoint Goldman Sachs to oversee … Read more
Donald Trump said the UK was making “a very big mistake” in its fossil fuel policy – and should “get rid of the wind turbines”. In a post published Friday on his social media platform, Truth Social, Mr. Trump shared news from November that a US oil producer was pulling out of the North Sea, … Read more
Tide, the business banking platform, has hired advisers to orchestrate a new share sale as it continues rapid growth in the UK and overseas. Sky News understands Tide has held discussions with investment banks including Morgan Stanley about launching a major fundraiser worth more than £50m in the coming months. The stock sale could include … Read more