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Triple profits for retailer AO World thanks to TV sales of Euro 2024
Online electrical goods retailer AO World enjoyed a near tripling of profits, thanks to the booming sales of tumble dryers during the rainy winter and TVs for Euro 2024.
The company attributes the popularity of air fryers to the fact…
The union calls on Royal Mail to give staff a’serious stake in service’ after the…
After the Czech billionaire who is bidding for the ownership of Royal Mail for £3.6bn suggested that he might implement an "incentive program" if successful, the union representing postal employees has demanded they be given a stake in…
Supplements ‘Ozempic Face’ to counter side effects of rapid weight-loss
Nestle will sell dietary supplements that counter the effects of weight loss drugs to "Ozempic Face".
The company announced that it would launch products to "complement" weight loss treatments. These include hair growth supplements and…
Shein filed for London listing early in June, according to sources
Shein, according to sources, filed confidential papers with Britain's market regulator early in June. This started the process of a possible London listing for the online fast fashion retailer later this year.
Reuters reported May that…
Emma Bridgewater, Britain’s “queen of ceramics”, suffers a loss of £1.4m
Emma Bridgewater , Britain's "queen" of pottery, has suffered a loss of nearly £1.4m as her company had to drastically discount its crockery due to fierce online competition.
The Stoke-on-Trent Group, founded by the designer Emma…
Royal Mail is facing a new legal claim regarding bulk delivery services
Royal Mail's owner faces a new claim of £878mn for damages related to its delivery operations. This is adding to Royal Mail's legal woes, as it prepares itself for the takeover by Czech billionaire Daniel Kretinsky.
Bulk Mail Claims…
GMB begins balloting process for Amazon’s Coventry Warehouse
GMB officials are encouraging staff at Amazon's Coventry to "vote yes" together at the beginning of a ballot that could lead to a historic deal for union recognition.
After the Central Arbitration Committee granted the GMB the right to…
Sir Jim Ratcliffe, co-owner of Man Utd, backs Labour
Sir Jim Ratcliffe backed Labour for the next government. He said that voters had "had enough" with Rishi Sunak’s policies.
The billionaire coowner of Manchester United who controls a minor stake in the club via his chemicals empire Ineos…
Pubs are closing in greater numbers, as 80 pubs close each month
The Euros and Olympics will bring a boost to many landlords, but it may be too late for some pubs.
According to an analysis of official statistics by Altus Group, pubs have been disappearing in England and Wales at a rate 80 per month so…
Mexican billionaire Carlos Slim buys 3% of BT
Carlos Slim, a Mexican billionaire, has acquired a 3% stake in BT. This comes after Allison Kirkby, the new chief executive of BT's UK division revealed her plans for turning around the UK group during its annual results held last month.…
Neil Woodford’s former team of stock pickers disbanded when demand for British shares plummets
The dissolution of the investment team led by Neil Woodford, whose London-listed stocks have been losing interest.
Invesco will merge its European division with its UK-based stock-picking unit from January.
As investor interest in…
New York hedge funds short Royal Mail owner
In the wake of a £3.6billion overseas takeover bid for the postal services company, a New York hedge funds has taken a short position on the owner of Royal Mail.
Sessa Capital was listed as holding 0.73 percent of International…
Boeing whistleblowers continue to come forward with safety concerns
Another Boeing employee has claimed that management ignored safety and quality concerns and dismissed their concerns.
Roy Irvin worked as a quality inspector at Boeing's South Carolina plant from 2011 until 2017. He claims that he was…
Gazprom to cut ties with UK lottery operator’s owner
By the end of the month, the billionaire owner Allwyn, which runs the UK national lottery, will cut his last ties to Russia's state owned energy company Gazprom, two years after he won the UK's biggest public sector contract.
Since…
Chill Brands asks for suspension of shares while investigation is underway
The shares of a London listed vaping company were suspended after the board was unable to provide an "accurate" update on the financial situation, as the chief executive is still under investigation.
Chill Brands requested the London…
Oil prices fall by 4pc despite Opec cutbacks
Saudi Arabia is struggling to keep up with the cap on future oil supply, and this has led to a drop of nearly 4pc in oil prices despite Opec's production cuts.
Brent crude fell by over $3 on Monday and reached a new four-month-low of…
GameStop’s shares rise after ‘Roaring Cat’ posts $116m wager in Reddit.
GameStop shares soared on Monday, after "Roaring Kitty", Keith Gill, who was at the center of the 2021 Stock Market Frenzy surrounding the struggling video game chain, posted a Reddit post that appeared to show $116m in bets on the chain.…
The union plans to intensify its action in response to the loss of jobs at two steelworks located in…
The union leaders of two south Wales Steelworks are planning to intensify industrial action in response to the dispute over nearly 3,000 jobs that is threatening to become an important issue at this year's general elections.
Unite has…