Holly Williams
Business News
WH Smith unveils 17 new Toys R Us shop-in-shops across the UK
The next wave of 17 will be launched nationwide within the next two months, with three opening on May 25.
9 May 2024
UK
ITV production arm takes hit from 2023 Hollywood strikes
The group said ITV Studios revenues tumbled 16% to £382 million in the first quarter.
9 May 2024
Business News
Blackstone set for Hipgnosis victory after rival suitor refuses to increase bid
Concord has said its offer is ‘final and will not be increased’ despite being outbid by rival Blackstone.
9 May 2024
Business News8 May 2024
BrewDog boss James Watt calls time after 17 years
Chief executive James Watt will be succeeded by chief operating officer James Arrow, but remain with the group as a non-executive director.
Money
Direct Line sheds motor cover customers after price hikes
The group revealed a steep year-on-year drop in the number of motor policies, down 434,000 to 3.2 million in the first quarter.
8 May 2024
Business News
Boohoo losses widen as sales slump
The group reported pre-tax losses of £159.9 million for the year to February 29, against losses of £90.7 million the previous year.
8 May 2024
Business News
PwC and EY fined for audits of failed minibond firm LCF
Nearly 12,000 people saw their savings trapped when the London Capital and Finance scheme collapsed in 2019.
7 May 2024
Celebrity News
Daily Mirror owner Reach sees another hit from social media news de-ranking
Reach said page views plunged by a third year-on-year in the first quarter, with overall digital revenues down by 8.5%.
2 May 2024
Business News
Mulberry reveals sales woes amid luxury spending downturn
The British firm reported a 4% drop in group revenues for the year to March 30, with trading conditions worsening in the final three months.
1 May 2024
Business News
Former Camelot boss named as new Post Office chairman
Business Secretary Kemi Badenoch appointed Nigel Railton to the post, replacing Henry Staunton – who was sacked in January.
1 May 2024
Business News
Next rings up better-than-forecast rise in sales
The fashion and homewares chain posted a 5.7% increase in full-price sales for the 13 weeks to April 27, ahead of its guidance for 5% growth.
1 May 2024
Money30 Apr 2024
Company failures hit 30-year high in 2023
The Insolvency Service revealed that 25,158 firms across England and Wales went bust last year – the highest annual number since 1993.
Business News
Sensodyne maker Haleon to shut UK factory with loss of 435 jobs
The consumer healthcare group is aiming to close the site on a phased basis over the next two years.
30 Apr 2024
Business News
Metro Bank turnaround sees it win back savings customers
Total deposits rose 4% to £16.2 billion after the bank launched a campaign to attract savers after last year’s funding crisis.
30 Apr 2024
Business News
HSBC boss reveals surprise departure plans after ‘intense’ five years
The bank has begun the process to find his successor and hopes to make an appointment in the second half of the year.
30 Apr 2024
Business News
London Stock Exchange Group shareholders back plans that could double boss’s pay
Investors voted in favour of plans that increase David Schwimmer’s maximum pay and bonuses to more than £13 million.
26 Apr 2024
Business News
Sainsbury’s forecasts ‘strong’ profit growth as it wins customers from rivals
The supermarket giant reported a better-than-expected 1.6% rise in underlying pre-tax profits to £701 million for the year to March 2.
26 Apr 2024
Business News
Persimmon sees sales and prices pick up in ‘good start’ to 2024
The builder reported a 6% rise in its private sales rate, while sale prices lifted 6% to around £283,000.
25 Apr 2024
Business News
Schroders boss to retire after eight years at the helm
Chief executive Peter Harrison will step down in 2025.
24 Apr 2024
Business News
Heathrow ups full-year passenger growth outlook after record start to 2024
The airport posted pre-tax profits of £189 million for the three months to March 31 against losses of £60 million a year ago.
24 Apr 2024
Business News
PZ Cussons to sell off St Tropez and review African business
The Manchester-based group said it has decided to ‘refocus the group’s portfolio on where it can be most competitive’.
24 Apr 2024