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Business
LaplandUK Reveals Northern Expansion Plans as Profits Soar to Record Levels
A successful British festive entertainment venture, LaplandUK, has unveiled plans to establish a second site in Cheshire by Christmas 2025, marking its first significant expansion since its inception in 2007.
The family-owned enterprise,…
Asda Market Share Plummets as Morrisons Snatches Key Executive
In a significant blow to the UK's retail landscape, Asda's market position has deteriorated further as recent data reveals a concerning decline in its grocery market share. The supermarket chain, operating under private equity ownership,…
Telegraph Media Group Faces Third Auction as New York Bidder Struggles to Secure Funding
The Telegraph newspaper group is bracing for a potential third auction as the leading New York-based bidder grapples with funding challenges. Industry sources reveal that bid teams are actively discussing renewed attempts to acquire The…
UK Supreme Court Rules Against Sky in Landmark Trademark Case Forcing Brands to Reconsider IP…
British media giant Sky faces a significant setback as the UK Supreme Court rules the company acted in "bad faith" by registering overly broad trademarks, setting a precedent that could reshape how major brands approach intellectual…
Two in Five British Hair Salons Face Closure After Budget National Insurance Rise
The British hairdressing industry faces a severe crisis as approximately 40% of hair salons are at risk of closure following the devastating increased employment costs announced in last month's budget. The alarming situation stems from the…
National Insurance Hike Threatens UK Employment Recovery and Business Growth
The recent £26 billion increase in national insurance contributions announced by Chancellor Rachel Reeves has cast a shadow over the UK's nascent employment recovery, with industry experts warning of potential job losses and cancelled…
Hospitality Sector Faces Critical Challenges as Budget Impacts Force Investment Cuts |
British hospitality businesses are entering survival mode following a staggering £3 billion surge in tax and wage costs imposed by last week's budget, industry leaders have warned. The severity of the situation became apparent during a…
Directors Exploit Legal Loophole to Dodge Millions in Business Debts Through Atherton Scheme
A controversial scheme enabling company directors to shed millions in debt obligations continues to operate despite government intervention to shut it down. The Atherton scheme, marketed as a "legal alternative to using insolvency…
Barclays CEO Backs Reeves Despite Business Leaders Concerns Over Budget Tax Increases |
The chief executive of Barclays, CS Venkatakrishnan, has mounted a strong defence of Rachel Reeves' tax-raising Budget, claiming the UK chancellor delivered an "admirable job" of harmonising spending, borrowing and taxation, despite…
Aston Martin Burns Through 1 Million Pounds Daily as Production Targets Fall Short
British luxury automaker Aston Martin Lagonda continues to face significant operational challenges, with the company reporting persistent losses and declining performance across key metrics. The iconic manufacturer is currently consuming…
Microsoft Quarterly Profits Soar as AI Investment Strategy Delivers Strong Returns
Microsoft's substantial investment in artificial intelligence technology has yielded impressive returns, with quarterly sales climbing 16 per cent to £65.6 billion, surpassing Wall Street's expectations.
The tech giant's Azure cloud…
Starbucks New CEO Unveils Bold Strategy to Revitalise Coffee Chain Performance
In a decisive move to counter declining customer traffic, Starbucks' newly appointed CEO Brian Niccol has revealed a comprehensive strategy focusing on traditional coffee house values and simplified operations. The world's largest coffee…
UK Plant Based Milk Producer Rude Health Acquired by Finnish Giant Oddlygood in Multimillion Pound…
British alternative milk manufacturer Rude Health has been acquired by Finnish food company Oddlygood, a spin-off from dairy powerhouse Valio, in a strategic move that positions both firms for significant market expansion.
The deal,…
Volkswagen will close three German plants and eliminate thousands of jobs
Volkswagen will close at least three German factories, eliminate tens thousands of jobs, and cut pay by 10%, said the top employee representative of the company on Monday.
The restructuring will be the first time in the 87 years of the…
Boeing grounded due to $1bn per month strike
Disney on Ice will be coming to Everett this week. Mickey Mouse, Donald Duck and other Disney characters will perform at the Angel of the Winds arena in Everett. The cast at the stadium on Wednesday was a far cry from the one that appeared…
Investors abandon small businesses over fears of inheritance tax
Investors have sold their shares in Britain's Aim Stock Market due to fears of an IHT raid.
Aim shares, which are intended to encourage small business investment, are exempted from inheritance tax if the owner holds them for at least two…
EssilorLuxottica backs Del Vecchio as hacking probe escalates
EssilorLuxottica expressed "full support' to Chief Strategy Officer Leonardo Maria Del Vecchio - the late founding father's son - after Milanese authorities placed him under investigation in a vast probe into alleged illegal trafficking of…
Anglo American is facing a diamond crisis due to sluggish sales of luxury goods
Anglo American could be pushed to further reduce its diamond production this year by a fall in luxury consumer spending, which would complicate plans for the sale or stock exchange flotation of trophy business.
Anglo American stated that…