The favourite grocer of the middle classes, Waitrose, is shutting seven more shops with the discounter Lidl swooping on three in renewed signs of the rapidly changing retail market.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Asos issues loses a quarter of its value overnight as sales plummet
Asos lost almost a quarter of its value yesterday after a bungled warehouse overhaul knocked the online retailer’s sales growth off course and prompted its third profit warning in a year.
Britain’s best 150 businesses announced as Lloyds Bank National Business Awards finalists
Now in their 18th year as the UK’s flagship awards programme, the shortlist of the Lloyds Bank National Business Awards has been announced.
Google suspends Viagogo from advertising after ‘breach of client trust’
Google has today dealt a blow to controversial second-hand ticketing company Viagogo by suspending its website as an advertiser.
Hotel Chocolat bucks retail downturn with record sales
Vegan chocolate ice-lollies and billionaire sundaes have helped Hotel Chocolat to record a jump in full-year sales.
The Money Shop customers in line to get £18m poor performance compensation
A pawnbroker is preparing to set aside £18 million in compensation for customers who were sold loans they could not afford to repay.
IMF says China no longer a trade villain
China is no longer using trade to fire its economy, despite White House claims that Beijing continues to abuse the rules and rig its currency to undercut rivals in export markets, according to a report by the International Monetary Fund.
The BBC could become a subscription service, says director-general
The BBC could switch away from the licence fee to a Netflix-style voluntary subscription model, the director-general acknowledged yesterday.
Arcadia Group to face new court battle over restructuring
An American retail landlord has mounted a renewed legal challenge to efforts to restructure Sir Philip Green’s embattled fashion empire.
Payday loan complaints are at a 5-year high
Complaints against payday lenders have soared to a 5 year high says industry watchdog – and the trend isn’t slowing down.
BGF investment reaches £2bn milestone into UK SMEs
BGF, the UK and Ireland’s most active investor in growing businesses, today announces that it has committed £2bn into UK and Irish SMEs from its balance sheet of £2.5bn.
New face of the Bank of England’s £50 note is unveiled as Alan Turing
Computer pioneer and codebreaker Alan Turing will feature on the new design of the Bank of England’s £50 note.
Retail footfall drops as June fails to hit 2018 temperatures
Retail footfall fell again in June in the latest blow for the high street as cooler weather failed to live up to last summer’s heatwave.
China’s economy grows at slowest pace in 30 years
China’s economy grew at its slowest pace since the early 1990s in the second quarter, official figures showed.
Labour demands BBC remove Panorama on antisemitism from iPlayer
Labour has demanded that the BBC remove its Panoramadocumentary about antisemitism in the party from iPlayer.