Mike Ashley’s Frasers puts Matches Fashion into administration following bargain deal March 8, 2024 Mike Ashely’s Frasers Group is putting Matches Fashion, the luxury online fashion retailer, into administration less than three months after buying it in a cut price deal worth £52m.
Marks and Spencer confirms first female boss Katie Bickerstaffe is to step down March 7, 2024 The first female boss of Marks and Spencer is to step down. Katie Bickerstaffe joined the high street darling just over two years ago, and has helped lead a massive turn around of the business.
Coats Group blames ‘widespread destocking’ for flat earnings but benefits from pension scheme changes March 7, 2024 Threads business Coats Group posted a flat set of earnings for the full year, against a backdrop of a “widespread industry destocking”.
Spring Budget 2024: Business leaders livid ‘overwhelming’ case for one tax cut didn’t land March 6, 2024 Bosses, including the chief of Marks and Spencer and the head of British Airways, have reacted with fury this afternoon, following the Chancellor’s snub of the tourist tax.
Spring Budget 2024: Hunt confirms vaping tax and one-off tobacco duty hike to fund NI cut March 6, 2024 Jeremy Hunt has confirmed the UK government will introduce a tax on vaping and e-cigarettes in a bid to raise the funds necessary for a two pence cut to National Insurance.
Spring Budget 2024: Hunt extends alcohol duty freeze to help struggling pubs March 6, 2024 Hard pressed publicans were thrown a lifeline today as Chancellor Jeremy Hunt extend the alcohol duty freeze until February 2025.
Revealed: Matalan lost over £100m as lenders took control March 6, 2024 Matalan lost more than £100m in the year it was taken over by its lenders, newly-filed accounts have revealed.
Nichols: Costs take a bite out of Vimto maker’s earnings March 6, 2024 Vimto maker Nichols PLC said it is continuing to trade in line with expectations despite posting a 8.1 per cent decline in EBITDA.
Premier Foods shares soar after £33m windfall from suspending pension deficit payments early March 6, 2024 Premier Foods said it reached an agreement with the RHM Pension Scheme Trustee to suspend the contribution from 1 April.
Chris Smalling and ITV-backed vegan food brand smashes fundraising target March 5, 2024 A vegan food brand backed by the likes of former Manchester United footballer Chris Smalling and ITV has smashed through its crowdfunding target.