Sir Philip Green’s Arcadia Group has collapsed into administration, putting 13,000 jobs at risk as the retail tycoon’s high street career ends in failure.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Mortgage approvals at their highest in 13 years
Mortgage approvals rose at their fastest rate in more than 13 years in October as the housing market powered on, fuelled by a cut to stamp duty, figures from the Bank of England show.
Pubs in Wales to close by 6pm under new Covid restrictions
Pubs, bars and restaurants in Wales will be banned from selling alcohol and forced to shut early, as the Welsh first minister said Covid was spreading “incredibly quickly” across the country and that the gains made during its “firebreak” lockdown were being eroded.
MPs call for the break up of UK’s big high street banks
A cross-party group of MPs is calling for the break-up of major high street banks, which they say are stifling competition and exploiting vulnerable customers.
Christmas comes early as UK farms sell out of trees
Christmas trees are up already – and so are sales. Growers have sold 24% more trees so far this year than at the same time in 2019, according to the British Christmas Tree Growers Association.
Intergen gets go-ahead for giant battery project in Essex
Europe’s biggest battery storage project could be built in Essex after the government granted consent for the £200 million development.
New CBI chief promises change after years of hostility from Downing Street
Britain’s leading business lobby group “must change” as the country leaves the European Union and grapples with the economic cost of coronavirus, according to its new director-general.
Brexit set to transform our fields and farms
Wildlife will thrive, air and water will be cleaner and livestock will be treated more humanely under the biggest change in farming policy for half a century, the government will promise today.
TSB future in doubt after merger collapses
Spanish lender Banco Sabadell has said it will consider options for its UK bank TSB after it called off a planned merger with rival BBVA.
Sir Philip Green’s Arcadia Group faces collapse within days putting 15,000 jobs at risk
Sir Philip Green’s retail empire is facing collapse within days, putting 15,000 jobs at risk and bringing the curtain down on the high street career of one of Britain’s most controversial businessmen.
New UK tech regulator set to limit power of Google and Facebook
A new tech regulator will work to limit the power of Google, Facebook and other tech platforms, the government has announced, in an effort to ensure a level playing field for smaller competitors and a fair market for consumers.
Black Friday expected to beat UK online sales records
Black Friday is expected to smash online sales records this year as struggling retailers slash prices in a desperate attempt to drum up trade after a lost November on the high street.
Royal Mail could be about to drop Saturday post
The postal regulator appears to have cleared the way for the government to relax the statutory commitment of Royal Mail to deliver six days a week to all addresses in the UK.
Late dash to stock up on EU goods before Brexit transition ends
Companies are in a last-minute dash to stockpile goods from the European Union, according to logistics industry leaders, driving the price of customs services “through the roof”.
Hospitality faces being ‘wiped out’ by new tiers
The hospitality industry has claimed the government’s new Covid-19 tier system will wipe out billions of pounds of trading and lead to huge job losses, despite many venues being allowed to reopen.