A Miss Tweed article said Bernard Arnault was ‘keen to see such a deal happen’ Burberry’s value has declined significantly over the past 18 months By HARRY WISE Updated: 13:56 GMT, 4 November 2024 Italy’s Moncler is reportedly considering a takeover bid for struggling British luxury icon Burberry. Fashion website Miss Tweed reported on Monday…
Britain’s biggest lenders enjoyed bumper profitability in the third quarter as the sector began cashing in on a tailwind that could drive returns in the years ahead. Lloyds Banking Group and Barclays recently reported much stronger-than-expected growth for the period, thanks to healthy income. The former, whose brands include Scottish Widows and Bank of Scotland,…
By John-Paul Ford Rojas Updated: 21:50 GMT, 3 November 2024 Hospitals and police stations in England will be forced to pay a new ‘levy’ under ‘ill thought-out’ plans to ease pressure on the High Street, according to analysis. Universities, prisons, army barracks and even HM Treasury’s headquarters in Westminster will also be caught up in…
By City & Finance Reporter Updated: 21:50 GMT, 3 November 2024 Unhappy: Mike Ashley has described fast fashion group Boohoo as ‘desperate’ Mike Ashley has described fast fashion group Boohoo as ‘desperate’ after it appointed an insider as chief executive – instead of him. Ashley, whose retail empire Frasers is Boohoo’s biggest shareholder, with a 27…
By Patrick Tooher Updated: 16:28 GMT, 3 November 2024 Donald Trump may not like it, but the US stock market does better under a Democratic president. However, staying invested no matter who is in the White House reaps the biggest rewards of all, new research shows. With the US presidential race too close to call,…
OBR warns Chancellor against using smoke-and-mirrors accounting tricks Watchdog highlights number of ‘fiscal illusions’ she could ‘exploit’ Budget has pushed borrowing costs to their highest level in a year By Patrick Tooher Updated: 11:18 GMT, 3 November 2024 That’s magic: The OBR has warned Rachel Reeves against using smoke-and-mirrors accounting tricks The independent Office for Budget…
There is an awful lot of hot air behind one growth area of the economy – and a good thing too. ‘Hair tech’ – the gadgets that curl or straighten our locks – is one in which Britain leads the world, and which promises export growth. We may not give it much thought as we…
By Hamish Mcrae Updated: 21:51 GMT, 2 November 2024 Seeing red: Chancellor Rachel Reeves This wasn’t meant to happen. Chancellor Rachel Reeves would of course have expected political attacks for her Budget and some corporate push-back. That’s fair stuff. But having onside the slightly grudging support of the Office for Budget Responsibility, plus words of…
World’s biggest economy added just 12,000 jobs in October Lowest level for nearly four years, and far short of 113,000 economists expected Last major set of economic data before presidential election By John-Paul Ford Rojas Updated: 12:19 GMT, 2 November 2024 Worse than expected US jobs figures yesterday added to market turmoil in Britain sparked…
By Jessica Clark Updated: 21:50 GMT, 1 November 2024 Strong sales: Sabrina Carpenter Universal Music shares jumped yesterday after it beat revenue expectations. Strong sales from the recording giant’s artists, such as Taylor Swift and Sabrina Carpenter, helped to push sales to £2.4billion in the third quarter, a 4.3 per cent increase compared to a year…
