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Wilko ‘ran out of cash’. Former boss apologies to staff over collapse of chain
The former boss of Wilko, Lisa Wilkinson, was pushed to offer an apology to the staff of the now-collapsed high street chain and admitted that she let her employees down, as she was grilled by MPs...
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‘A cruel blow’: Loungers boss bemoans Hunt’s lack of business rates support...
The boss of Loungers has criticised chancellor Jeremy Hunt’s decision to not extend business rates relief to larger firms, describing it as a “cruel blow”. Speaking to City A.M, the chief of the...
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Gigs galore: London pubs and bars anticipate £2.4bn live music surge in 2024
London’s lacklustre nightlife scene could light up next year as a gig renaissance is brewing in the capital. There is £2.4bn in untapped revenue for pubs and bars in the UK as nearly 90 per cent of...
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Farfetch pull trading update as New York take-private rumours swirl
Farfetch, the UK-headquartered but New York listed online luxury goods operation, has pulled a planned third quarter update. The unusual move will only fuel further rumours that boss Jose Neves is...
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Motoring services drive growth for Halfords despite ‘slower than expected’...
Halfords, the UK’s leading provider of motoring and cycling services, today reported a 3.3 per cent increase in pre-tax profit for the first half of its financial year despite inflation eating into...
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Supermarkets in focus of new CMA probe claiming loyalty schemes push up...
Supermarkets’ loyalty schemes have been drawn into focus for their alleged inflationary impact, according to a probe by the the Competition and Markets Authority. The regulator said it will launch a...
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Deliveroo is 50 per cent down on its offer price — can its first capital...
Deliveroo will host its first capital markets day with investors keen to see if chief Will Shu’s plans to allow shoppers to buy makeup and toys on its delivery app will be enough to turn the tide on...
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Signa: Selfridges owner files for insolvency in fresh blow for billionaire Benko
The debt-laden parent company behind luxury department store Selfridges has filed for insolvency this morning after a last minute scramble to raise extra funds failed. Signa, which is owned by...
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JD Sports Fashion tops FTSE 100 as Foot Locker raises sales outlook
FTSE 100 retailer JD Sports Fashion – ‘The King or Trainers’ – added seven per cent to top the FTSE 100 today after US peer Foot Locker raised its sales outlook for the year. Foot Locker said steep...
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Farfetch: The story so far as shares slide hard in New York
When Farfetch arrived on the shopping scene back in 2008 it dazzled shoppers with its ability to allow them to buy Chanel bags from the comfort of their own home. The luxury e-commerce site, founded...
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Mulberry: Chief calls to scrap London tourist tax as losses widen
The chief of Mulberry has called to scrap the so-called ‘tourist tax’ for visitors to London to help business growth in the UK, as the British fashion designers’ losses widen. In a half year update,...
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Dr Martens share price plummets 26 per cent after another slump in sales
Another slump in sales has turned all eyes to Dr Martens today as the London-based bootmaker reported a 5 per cent dip in revenue, despite investors hoping for signs of turnaround. Dr Martens saw a...
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Mitchells & Butlers: All Bar One owner toasts ‘record year’ despite battling...
All Bar One owner Mitchells and Butlers (M&B) said that like for like sales grew to a record 9.1 per cent during the full year, as the chain toasts a strong performance. The no frills dining and...
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London high streets get pre-Christmas boost
The number of people hitting the high street in London grew in November, according to the latest footfall statistics, as the capital gears up for a much needed festive boost. A new reading from the...
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City officials encourage local spending ahead of Small Business Saturday
The holiday season might not be as reliable as it once was for small businesses, new research suggests, but optimism seems to persevere within the City as peak trading season approaches. While 61 per...
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Hope for MSG Sphere in London as Michael Gove brushes off Sadiq Khan’s snub
The MSG Sphere development set for East London has received a lifeline after levelling-up secretary Michael Gove has intervened to block London Mayor Sadiq Khan’s rejection of the contentious project....
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Regatta: Questions asked after Chinese prisoner’s ID reportedly found in...
Regatta is in the spotlight as concerns are raised after a Chinese prisoner’s ID was reportedly found in a customer’s coat lining. The coat was purchased by a woman in Derbyshire as part of the...
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How Wilko is returning to high streets just months after its dramatic collapse
Wilko has returned to the high street with two new shops just months after the collapse of the historic retail chain. On Friday, the brand opened stores in Plymouth and Exeter as it relaunched...
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William Hill owner rejected £700m takeover bid from Playtech
The owner of betting giant William Hill reportedly rejected a £700m takeover offer from sports-betting software firm Playtech this summer on the grounds that the deal undervalued the firm. 888...
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Honest Burger locks horns with HMRC over tax bill
Posh fast food chain Honest Burger was locked in a legal dispute with HMRC after a plea to get an extension on paying a tax bill was ignored, it has been revealed. The high street chain, which employs...
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