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....”. Almost a decade ago Law, who is 56, started buying discounted food online that was nearing or past its best-before date, or had been rejected by high street stores because of its packaging. ... [Read full article on Guardian ]
Monday 25th of September 2017 05:00:05 AM
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Latest Finance News related to High Street

Super savers: meet the coupon queen and the cashback king image
Source : Guardian [Read Article] Monday 25th of September 2017 05:00:05 AM
....”. Almost a decade ago Law, who is 56, started buying discounted food online that was nearing or past its best-before date, or had been rejected by high street stores because of its packaging. ...
Leeds building society makes rate promise image
Source : Guardian [Read Article] Sunday 24th of September 2017 06:00:37 AM
.... The majority of savers would see an increase or no change while “a minimum” would see a decrease in their rates, it added. Richard Fearon, chief commercial officer at the society, said the move was unique on the high street and that it hoped to get more customers as a result. ...
You hate Ryanair – but you will fly it again image
Source : Guardian [Read Article] Saturday 23rd of September 2017 06:00:08 AM
.... We protest, then when the next time comes round we still pick the cheapest. A few years ago Tesco was building a reputation as the ugly giant of the high street, with “Tesco towns” that it almost seemed to own. ...
EU to find ways to make Google, Facebook and Amazon pay more tax image
Source : Guardian [Read Article] Thursday 21st of September 2017 09:34:03 AM
....2% rate levied on traditional companies, said the report. In reality, many technology companies pay far less than their high street rivals. ...
Tough calls: on the debt crisis frontline with charity StepChange image
Source : Guardian [Read Article] Wednesday 20th of September 2017 11:48:39 AM
.... Some people haven’t opened letters for months or even years, and as a result small mistakes, such as a parking ticket or traffic violation, have taken on a life of their own in the court system. Overdue household bills turn out to be the tip of a debt iceberg and, as the call progresses, the names of lenders change from well-known high street banks and retailers to esoteric brands targeting borrowers with poor credit ratings with high-interest products. ...
What you need to know about car loans image
Source : Guardian [Read Article] Tuesday 19th of September 2017 12:50:45 PM
.... Between 2011 and 2016 the car leasing industry expanded at an average rate of 13% a year. It means that high street dealerships depend for almost all their sales on them and so do a growing band of online car leasing firms. ...
Don’t dismiss bankers' predictions of a bitcoin bubble – they should know image
.... Without a backstop central bank, heist victims stand to lose everything, as with the collapse of the MtGox bitcoin exchange in 2014. Taking out a mortgage denominated in bitcoins is not advisable and, luckily for those stupid enough to try it, you won’t find a high street bank willing to underwrite it. ...
Crisis in Toyland: how the shift online places our childhood favourites in peril image
.... The news that Toys R Us, the world’s biggest toy retailer, could be facing bankruptcy followed hot on the heels of the announcement from Lego, the world’s most profitable toy manufacturer, that the first half of this year had seen it suffer the first fall in global sales for more than a decade. At the same time retail statistics show UK toy shop sales are down sharply as hard-up shoppers shun the high street. ...
'People want a family, a social life': the part-time working revolution image
Source : Guardian [Read Article] Saturday 16th of September 2017 07:00:05 AM
.... “What we’re only just starting to do is think: what would we do if we had a blank sheet of paper? What would you actually need to deliver this job?”. They have recently begun a project with five big high street retailers, helping design job shares and flexible jobs at management level so that shopfloor staff – many of whom go into retail because it suits family life, only to get stuck in jobs they’ve outgrown – can climb the ladder without increasing their hours. ...
End austerity – and kickstart Martin Luther King’s revolution of values | Richard Kozul-Wright image
.... But instead of channelling resources into the more creative and productive activities needed for long-term growth, it encouraged short-term, speculative behaviour by banks, businesses, and households. That behaviour produced a gathering financial storm that began a decade ago and eventually broke with devastating force on Lehman Brothers, sending investors into a panic, bringing hard times to the high street and spreading out across the global economy. ...
Former Northern Rock investors ask Theresa May for compensation image
Source : Guardian [Read Article] Thursday 14th of September 2017 10:33:38 AM
....The run on Northern Rock began on 14 September 2007 after the BBC reported that the Newcastle-based lender had received emergency funding from the Bank of England. It was the first run on a high street bank in the UK since Overend & Gurney in the 1860s. ...
New cigarette rules have led to slump in sales, says Londis owner image
Source : Guardian [Read Article] Thursday 14th of September 2017 10:03:54 AM
....As well as supplying convenience chains including Premier, Budgens and Londis, Booker operates the Makro cash and carry business. It also serves numerous high street restaurant chains, such as Carluccio’s, Wagamama, Byron and Prezzo, a growing part of the market that Tesco wants to tap. ...
Might, not right: betting firms get their due on fixed-odds machines image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:27:29 PM
.... They warned, with justification, that thousands of employees could lose their jobs if more high-street premises were to become uneconomic to run. They argued – again, soberly – that lower stakes on the high street may drive some problem gamblers towards the wild west of the internet. ...
Darling: Brexit would not have happened without banking crisis image
Source : Guardian [Read Article] Wednesday 13th of September 2017 12:16:45 PM
....The run on Northern Rock began on 14 September 2007 after the BBC reported that the Newcastle-based lender had received emergency funding from the Bank of England. It was the first run on a high street bank in the UK since Overend & Gurney in the 1860s. ...
UK's high street banks are accident waiting to happen, says report image
Source : Guardian [Read Article] Tuesday 12th of September 2017 11:01:48 PM
. The UK’s high street banks are an accident waiting to happen and could struggle in another financial crisis, according to a report published on Wednesday to mark the 10th anniversary of the run on Northern Rock. ...
JD Sports Fashion rides athleisure boom as sales rise by more than 40% image
Source : Guardian [Read Article] Tuesday 12th of September 2017 12:10:58 PM
. Demand for sports-led womenswear continues to drive sales at JD Sports Fashion as the company shrugs off fears of a fashion meltdown on the high street. ...
UK cost-of-living crisis grows as dearer imports push inflation to 2.9% image
Source : Guardian [Read Article] Tuesday 12th of September 2017 09:36:14 AM
....The Office for National Statistics said much of the rise in inflation cold be attributed to the increasing cost of imports. Imports have risen steeply in price after the collapse in the pound following the Brexit vote, though the rising cost has taken longer to filter through to the high street than many analysts believed. ...
World's wealthiest families keep getting richer as markets boom image
Source : Guardian [Read Article] Monday 11th of September 2017 11:01:19 PM
.... This compares with average interest rates of just 0. 35% offered by instant-access high street bank accounts, according to the Bank of England. ...
Charity shops: bringing in the cash, but bringing down the high street? image
Source : Guardian [Read Article] Monday 11th of September 2017 06:09:00 AM
. Most members of the public associatecharity shops with high street decline, and 50% think a “healthy” high street should contain fewer charity shops. ...
Major players in the Northern Rock saga unlikely to stage reunion image
Source : Guardian [Read Article] Sunday 10th of September 2017 05:59:29 AM
.... As far as the retail climate goes, the equivalent is surely the ringing of tills or, these days, the beeping of contactless cards. The decibel level on the high street will be closely monitored this week as Primark, Morrisons, Next and John Lewis all give updates to the market. ...
Can Poland's answer to Topshop make it on Oxford Street? image
Source : Guardian [Read Article] Saturday 9th of September 2017 07:00:01 AM
....”. But gaining a foothold in the UK high street is not without risk. ...
Government should cut Bank of Ireland out of Post Office bank, says report image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:01:44 PM
.... The plan could also represent a return to the days of the old Giro Bank, a “people’s bank” started by Harold Wilson in the 1960s through the Post Office but later sold off by Margaret Thatcher in the late 1980s. Creating a bank would offset the closure of branches by major high street lenders such as Royal Bank of Scotland and Lloyds, while also helping small firms to access financial services, according to the Cass study. ...
Factory and retail sales climb despite fears of Brexit slump image
Source : Guardian [Read Article] Monday 4th of September 2017 11:01:25 PM
.... There was also weak growth in retail sales in July, according to the Office for National Statistics. The slump in the pound – by more than 16% since the EU referendum last summer – has led to higher prices on the high street as the cost of goods imported from overseas increases on a relative basis. ...
As the UK economy sputters, it's all systems go in the eurozone | Richard Partington image
....Higher prices are putting pressure on household spending, a key driver in the UK economy. The impact from the pound’s fall of more than 16% since the referendum has fed through into higher prices for imported goods, which in turn has pushed up prices on the high street. ...
New M&S chairman faces tough task turning round high-street institution | Shane Hickey image
. Will Archie Norman be able to perform his retail magic on Marks & Spencer and reinvigorate the mainstay of the high street? This will be the first full week that the former Asda chief executive will be in his new role of chairman at the 113-year-old institution – at a time when the company is battling what Norman describes as “the considerable challenges … in a rapidly changing retail landscape”. ...
Husband and wife bank £400m from sale of Matchesfashion.com image
Source : Guardian [Read Article] Friday 1st of September 2017 06:44:40 PM
.... It deals with some of the biggest spenders in the fashion world with the top 3% of its customers accounting for 35% of sales. More than 90% of Matches’ £204m sales are made online, but the group also has a trio of stores situated on some of London’s most affluent high streets: in Marylebone, Notting Hill and Wimbledon. ...
Cash ISAs 2017: Savings accounts plunge amid low rates as Britons turn to investments image
.... It comes after the Bank of England dropped the base rate to 0. 25 per cent last year, which sparked huge drops in the returns offered by high street savings accounts and cash ISAs. ...
Boots cuts price of morning-after pill after weeks of controversy image
Source : Guardian [Read Article] Thursday 31st of August 2017 09:39:11 PM
....Boots has cut the price of emergency contraception weeks after it sparked outrage by refusing to do so in case it encouraged women to have sex. The high street chemist announced on Thursday that it had started to sell a new, cheaper generic version of the morning-after pill in 38 of its stores and would make it available in all 2,500 by October. ...
Sir Philip Green threatening legal action against Frank Field MP image
Source : Guardian [Read Article] Thursday 31st of August 2017 08:44:05 PM
....Sir Philip Green has threatened the MP Frank Field with legal action after the Labour politician claimed to have seen leaked details of the official investigation into the BHS pension crisis. Last week Field told a radio programme that he has new information from the original investigation launched by the Pensions Regulator into the £571m BHS pension black hole left by the owners when the high street chain collapsed in April last year. ...
Popularity of cash Isas collapses in space of year image
Source : Guardian [Read Article] Thursday 31st of August 2017 04:58:49 PM
....The accounts have continued to take a hit in recent months. Last week UK Finance said there was a net outflow of £1bn from cash Isas held by UK high street banks in July. ...
Gambling firm 888 fined record £7.8m for failing vulnerable customers image
Source : Guardian [Read Article] Thursday 31st of August 2017 07:37:18 AM
....“This is a sector that represents more than 40% of gambling and will soon be more than 50%. They [the gambling websites] have access to data in a way that offline businesses [such as high street bookmakers] don’t, so they need to up their game. ...
Asos poised to overtake M&S in 'seminal moment' for UK fashion image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:26:35 AM
....Marks & Spencer is poised to lose its crown in the British fashion industry to its younger online rival Asos, in what is being described as a seminal moment for UK retail. In the latest sign of traditional corporate powerhouses being overtaken by newer technology-focused firms, the market value of 17-year-old Asos is just shy of £100m below that of the 113-year-old mainstay of the UK high street. ...
'Shark in minnow pond': Ramsgate locals split on new Wetherspoon pub image
Source : Guardian [Read Article] Monday 28th of August 2017 01:28:10 PM
.... Many of its original features were ripped out. The building was poorly maintained before the casino moved to Westwood Cross, a shopping development that locals blame for the town’s ailing high street. ...
City pay still out of proportion a century after JM Keynes complained image
Source : Guardian [Read Article] Sunday 27th of August 2017 06:00:02 AM
.... Analysts at Barclays think a £2 maximum stake on FOBTs would see Ladbrokes forfeit £450m in lost revenues, so GVC’s logic looks sound. Even if no merger materialises, Ladbrokes and its high street rivals will already be preparing for life without their most profitable product. ...
£1bn dent in cash Isas as household budgets pressure lowers saving and spending  image
Source : Daily Express [Read Article] Thursday 24th of August 2017 03:43:00 PM
.... . Within the scope of personal saving, there was a net outflow of £1 billion from cash Isa deposits with high street banks in July. ...
Number of problem gamblers in the UK rises to more than 400,000 image
Source : Guardian [Read Article] Thursday 24th of August 2017 09:22:37 AM
....”. Muca, 38, of Fareham in Hampshire, started gambling on the high street before becoming addicted to online games. ...
Dixons Carphone warns on profits as customers keep phones for longer image
Source : Guardian [Read Article] Thursday 24th of August 2017 07:26:47 AM
.... It takes a slice of the lifetime value of mobile contracts. The profit warning raised fresh concerns over the health of Britain’s high street retailers. ...
Brexit economy: outlook positive but rocky negotiations could bring instability image
....Despite the encouraging data in the last couple of months, economists believe the drop in sterling is yet to fully wash through the economy, while the Bank of England expects CPI to reach 3% later in the year. “Fundamentally we suspect we’ve got further effects from the fall in sterling to come through into the high street,” said Philip Shaw, an economist at the banking group Investec. ...
Putting the fun in functional: will Arket revitalise the high street? image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 05:00:05 AM
.... This is not a reference only to the mix of clothes and homeware, of decorative and functional (department stores have been doing that for centuries), but also to the spirit of market shopping. No longer demoralised by the rise of online retail, the high street is on a mission to bring back the joys of the shopping trip. ...
The Guardian view on grocery wars: Lidl Britain | Editorial image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 06:12:01 PM
.... They avoid big brands, a move that gives them a larger profit share, but which also allows smaller and local businesses a look in. They also specialise in smaller local shops, which are cheaper, rather than the kinds of out-of-town superstores that contributed to the downturn of many high streets. ...
UK is briefly in the black – but fixing the public finances will take time | Larry Elliott image
....Eric Daniels was running Lloyds Bank when it received a £20bn bailout from the UK taxpayer in 2008. The 66-year-old American was chief executive when the high street lender was up to its neck in the protection payment insurance scandal, the mis-selling of which has so far cost Lloyds £18bn in compensation. ...
FTSE 100 executive pay falls by 19% ahead of controversial reforms, says Deloitte image
.... It’s in everyone’s interest to tackle this inequality. The money earned by ordinary workers is not spent on luxury yachts or hoarded away in tax havens – it is spent in the high street and in the communities in which they live and work,” he said. ...
‘It’s fashion without a capital F’ – Swedish stores step up high street invasion image
. It gave us woolly jumpers, cosy socks and bobble hats – now Scandinavia is tightening its grip on the high street with what some in the fashion world are describing as a new Swedish invasion. ...
Let’s move to Rochester, Kent: ‘It’s ravishingly beautiful’ image
Source : Guardian [Read Article] Friday 18th of August 2017 03:30:26 PM
....Joseph Stewart “It’s a quick ride into London, yet still (relatively) affordable. The high street has picked up, but it’s a war zone at weekends. ...
World's biggest banks face £264bn bill for poor conduct image
Source : Guardian [Read Article] Monday 14th of August 2017 05:28:32 PM
....”. Two UK high street banks – Royal Bank of Scotland and Lloyds Banking Group – are in the top five of banks with the biggest conduct costs. ...
Wilko warns nearly 4,000 staff could lose jobs image
Source : Guardian [Read Article] Friday 11th of August 2017 12:06:40 PM
. Wilko, the high street homewares and households goods chain, has warned almost 4,000 of its employees that they could lose their jobs in a shake-up that will strip out a layer of management. ...
Banks issue new sort codes in ringfencing of high street operations image
Source : Guardian [Read Article] Sunday 6th of August 2017 03:15:24 PM
....Barclays has started the process of moving up to 900,000 accounts to alternative six-digit sort codes as it prepares for the implementation of regulations intended to avoid taxpayer bailouts. The changes to sort codes began over the past month as Barclays rejigs its business ahead of the introduction of rules that require banks to ringfence their high street operations from riskier activities. ...
Two pints of best and an English rosé as wine comes to the beer festival image
....The Treasury select committee published a highly critical report into her failure to disclose that her brother worked for Barclays, which is regulated by the Bank of England. A scion of one of Britain’s best-known political families, Hogg had initially told MPs that the Bank was aware of Quintin Hogg’s role at the high street lender. ...
Destination misery: seven ways they turned airports into hell image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
.... The rip-off that is ‘duty free’. Most summer holiday trips are not to duty-free destinations, but that doesn’t stop the airport shops desperately trying to convince us their prices are still better than the high street. ...
Lifetime Isa proving popular as young savers rush to snap them up image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
.... You can open the account any time between the age of 18 and 40, and earn a bonus each year until you reach 50. Skipton launched its cash Lisa on 6 June and is the only provider with a high street presence. ...
Socially responsible retailers aim to end the ‘rent-to-own’ rip-off image
Source : Guardian [Read Article] Saturday 5th of August 2017 05:59:04 AM
....This new wave is being spearheaded by Fair for You, which describes itself as the UK’s only national not-for-profit company that provides a hassle-free and fair alternative to the likes of BrightHouse. Fair for You offers thousands of items for sale via its website at prices “broadly in line” with those on the high street, which people pay for by taking out a flexible loan at an interest rate of 3% a month (equal to a 42. ...
Cowes Week sailing extravaganza spawns a renting boom in Isle of Wight image
....Some Cowes Week regulars, including big business executives, are said to have given up on renting and have instead bought houses that they use for just one or two weeks a year for the sailing festival. Witherwick’s boss, Ben Hollis, said some yacht racing fans make impulse purchases of properties during Cowes Week: “You get people strolling the high street who like the idea of having a place here rather than renting and sometimes they buy just to use it one week in the year,” he said. ...
Pound PLUNGE: Holidaymakers get LESS than one euro in fresh getaway misery  image
Source : Daily Express [Read Article] Friday 4th of August 2017 01:14:00 PM
.... Pick up cash in branch to avoid delivery charges - The Post Office and Sainsbury’s are among currency providers that offer better rates if you follow this method. But the best rates are typically with currency specialists, as oppose to high street retailers. ...
Next shares climb 10% on news of online sales surge during heatwave image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:49:40 PM
....The heatwave, which included the hottest June day for 40 years, has been good news for retailers, with supermarkets enjoying a pick-up in trade as people fired up their barbecues and stocked up on beer, ice-cream and paddling pools. Next said stores on high streets where the sun had been shining had performed 5% to 10% better than those in parts of the country where it remained elusive. ...
William Hill sees online sports betting increase by 13% in a year image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 10:46:50 PM
.... Last summer the chief executive, James Henderson, was ousted, and Bowcock was installed as an interim boss before being installed full-time in March this year, along with a new finance chief. Attracting gamblers who want to bet on live sports events via tablet or smartphone is now a vital part of business for William Hill and rival Ladbrokes Coral Group, which both retain thousands of betting shops on British high streets. ...
The day the credit crunch began, 10 years on: 'the world changed' image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 04:15:56 PM
.... Within six weeks, members of the Bank’s court – its oversight body – were being whisked into the back entrance of Threadneedle Street in a people carrier with blacked-out windows to be told that money was haemorrhaging out of Northern Rock. For three days in the middle of September 2007, queues formed outside branches of the former building society – the first run on a UK high street bank since the 1860s. ...
UK economy is about to surge back to life, says leading forecaster image
Source : Guardian [Read Article] Tuesday 1st of August 2017 11:01:30 PM
....The National Institute of Economic and Social Research (NIESR) said a boom in exports after the fall in the pound and a return to bumper wage rises next year would be enough to increase GDP growth to almost 2% and convince the central bank to increase the cost of borrowing. Jagjit Chadha, the institute’s director, said a rise interest rates would also have the effect of supporting efforts by high street banks to boost their profits and the reserves needed to protect them against another financial crash. ...
Greggs sees window of opportunity in drive-through shops image
Source : Guardian [Read Article] Tuesday 1st of August 2017 03:27:01 PM
.... The first drive-through opened in Irlam, Greater Manchester in June, with hungry drivers pulling off the busy roundabout to stock up. Greggs said shoppers typically spent more at the drive-through than in a high street store as they were making a food run for a group of people. ...
HSBC shows what happens when a bank stops shooting itself in the foot | Nils Pratley image
.... A Which? analysis showed that it can be 12. 5 times more expensive to borrow £100 from some high street banks via an unarranged overdraft than to use a post-reform payday lender. ...
HSBC chief sounds alarm over financial regulation and Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 07:02:10 AM
.... HSBC also said it had moved 170,000 accounts to new sort codes to comply with the new ringfencing protocols, known as the Vickers rules, which come into force at the start of 2019. Implementing these rules, which ring-fence high street bank operations from riskier investment banks, has cost £500m and involved 2,000 staff. ...
One in five high-street estate agents risk going bust, study claims image
Source : Guardian [Read Article] Monday 31st of July 2017 05:00:39 AM
.... The growth in property websites has also undermined the role of estate agents, it suggested. Mike Finch of Moore Stephens said: “Traditional high street estate agents’ profit margins are being squeezed from both sides, from cut-price online competitors, to their larger counterparts on the high street who are forcing them to up their spending or give up the race. ...
Tesco covers tampon tax for customers by cutting prices image
Source : Guardian [Read Article] Friday 28th of July 2017 05:36:40 PM
....” The government and the EU should now announce a clear timetable for abolishing VAT on sanitary items altogether, Sherriff also said. Five major supermarkets – Tesco, Sainsbury’s, Asda, Morrisons and Waitrose – and Boots, the high street chemist, had originally pledged last year to pass the savings on to customers when the VAT is finally removed. ...
Barclays sets aside extra £700m for PPI claims image
Source : Guardian [Read Article] Friday 28th of July 2017 07:25:34 AM
....Overall profits at the corporate and investment banking arm were up 7%, but in the division’s bond trading operation profits fell 20% at time when rivals are also experiencing a slowdown. The bank is undergoing a restructuring to comply with new rules that require banks to ringfence their high street operations from the investment banking operations – known as the Vickers rules – by 2019. ...
Horsemeat scandal: businessman found guilty of fraud image
Source : Guardian [Read Article] Wednesday 26th of July 2017 02:52:58 PM
.... All three will be sentenced next week. In 2013, the UK Food Standards Agency asked the City of London police to investigate the fraud, following the discovery of horsemeat in high street beefburgers by the Food Safety Authority of Ireland. ...
Should frustrated savers gamble on the stock market or play it safe? image
Source : Guardian [Read Article] Monday 24th of July 2017 06:00:28 AM
.... Any significant rise in interest rates still looks some considerable way off and, to add insult to injury, inflation is rising, meaning cash in the bank is going backwards in terms of its spending power,” says Laith Khalaf of advisers Hargreaves Lansdown. There is some respite in that challenger banks – new smaller entrants to the market – are offering better rates than many of the high street institutions (NatWest’s instant saver, for example, gives just 0. ...
Asda considers bid for B&M that would give it access to local stores image
Source : Guardian [Read Article] Sunday 23rd of July 2017 04:11:01 PM
....Walmart-owned Asda refused to deny or confirm reports that it was in the early stages of assessing a bid for B&M, which opened its first store in 1978 but has rapidly expanded in Britain’s years of austerity. It has stores on high streets and out of town across Britain, selling fast-moving consumer goods and non-grocery products, including some DIY and garden goods. ...
Burgers and birdwatching? UK retail fights to make shopping a big day out image
....“Many bricks-and-mortar retailers are already being used as a showroom for customers’ online purchases,” said Gareth Jones, retail partner at Moore Stephens. “Failure to adapt to multichannel retail will mean more household names disappearing from the high street. ...
Sun, sea, sand … and a last-minute money-saving holiday guide image
Source : Guardian [Read Article] Saturday 22nd of July 2017 06:00:31 AM
....” Which helps explain why as many as 50% of its customers are collecting money reserved earlier online. If you have time there are a huge number of online and high street operators. ...
Quiz float makes fashion firm's founding family some of Scotland's richest image
....The Glaswegian family behind the fast-growing fashion chain Quiz are now among Scotland’s richest after selling a £92m stake in a business investors hope will be the next Boohoo. The high street fashion chain is set to be valued at £200m when it floats on Aim, the junior London stock market, later in July. ...
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
....4% fall in the first quarter. Ian Geddes, head of retail at the consultancy Deloitte, said the sunny weather had brought a “Glastonbury feelgood factor” to Britain’s high streets. ...
Burberry's Paul Price to be new boss of Topshop image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:46:19 PM
....Topshop is getting its first male boss in 18 years with the appointment of Burberry executive Paul Price. Price will join the high street fashion chain on 4 September, taking over from Mary Homer, who is leaving to head the White Company after more than a decade at the helm. ...
Peer-to-peer lender Ratesetter hit by £80m of struggling loans image
Source : Guardian [Read Article] Tuesday 18th of July 2017 07:37:39 PM
....The peer-to-peer lender Ratesetter has been hit by £80m of struggling loans in the first major setback for the nascent online lending sector. The company said it would use its own funds to prevent losses being taken by its 50,000 users, who are mostly small investors using the website in order to lend their savings to other individuals and benefit from higher interest rates than are available at high street banks. ...

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