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Louis Vuitton UK sales slashed by almost £90m as luxury spending slows down
The UK division of luxury brand Louis Vuitton has experienced a significant downturn in sales…
British banks axe huge number of workers in bid to modernise and compete with challengers
In 2024, British bankers faced significant job cuts as UK lenders experienced the sharpest decline…
Page Group reports significant profit drop amid challenging UK job market conditions
PageGroup has disclosed a substantial drop in half-year profits as recruitment firms wrestle with a…
Hamleys closes dozens of UK stores in bid to boost bottom line
Hamleys has taken further steps to streamline its operations, closing down 29 unprofitable stores during…
Close Brothers announces strategic shift in lending, prioritising commercial insurance over personal lines
Close Brothers has announced plans to downsize its premium finance division, aiming to reduce expenses…
Lipton’s ‘misleading’ posts joking about end of Peach Ice Tea banned
The Advertising Standards Authority (ASA) has deemed a series of social media posts by Lipton…
Rio Tinto’s dealmaking hunt brings back memories of disastrous takeovers
Rio Tinto is on the hunt for a new chief executive with a flair for…
Housebuilders agree record £100m payments after competition probe
Seven of the UK’s largest housebuilders have agreed to pay a record £100m after a…
M&S chair says UK is ‘traumatised’ after cyber attack and needs to ‘muscle up’
M&S chairman Archie Norman has declared that the UK is likely under-equipped to combat cyber…
Greencore’s £1.2bn Bakkavor takeover offer to be investigated by UK competitions watchdog
Supermarket sandwich maker Greencore’s £1.2bn takeover deal for rival Bakkavor is being scrutinised by the…
Monzo fined £21m by City watchdog for ‘repeatedly’ failing in crime control
Monzo has been hit with a £21 million penalty by the Financial Conduct Authority (FCA)…
Shein opts for Hong Kong IPO amid challenges with London listing over regulatory concerns
Shein, the fast-fashion firm, has lodged an application for an initial public offering (IPO) in…
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