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Monthly Archives: May 2018

House of Fraser lenders demand new funds

Lenders to House of Fraser (HoF) are demanding that its Chinese shareholder injects fresh funding into the struggling department store chain as it finalises...

Carluccio's restructuring could see restaurants close

Carluccio's will go ahead with a restructuring programme that could see dozens of restaurants closed. Some 91% of creditors approved the Company Voluntary Agreement (CVA),...

Trump's tariffs – What you need to know

Donald Trump's administration has slapped tariffs on steel and aluminium imports from the EU, Canada and Mexico. What is affected? The US commerce secretary Wilbur Ross...

Abramovich drops Chelsea's £1bn stadium plan

Chelsea have ditched plans to build a new 60,000-seater stadium due to what they call an "unfavourable investment climate".  The club, who finished fifth in...

US slaps tariffs on EU steel and aluminium

The US has announced plans to impose tariffs on steel and aluminium from the EU, starting at midnight. US President Donald Trump said in March...

FirstGroup boss driven out after £327m loss

Rail and bus firm FirstGroup has ousted chief executive Tim O'Toole after the company swung to a loss for the year. The firm lost £327m...

New crackdown on high-cost credit charges

The country's financial watchdog has proposed a package of measures to help consumers who are facing high-cost credit charges. One of the main suggestions is...

Poundland v Thameslink in chocolate tweet spat

A train company that compared its service to Poundland cooking chocolate in a tweet has been threatened with legal action by the discount retailer. The...

UK consumer confidence continues to struggle

Consumer confidence increased in May but was still in negative territory, according to an index. GfK's Consumer Confidence Index rose two points this month, but...

'Pitiful' excuses for male-only boardrooms revealed

Leading companies in the UK have been described as "pitiful" and "patronising" after coming up with feeble excuses to explain why they have not...

RBS bosses grilled by investors on branch closures

Royal Bank of Scotland bosses have been berated by shareholders at a tense AGM in Edinburgh. Investors asked the bank's executives to review or stop...

Ocado moves up to FTSE 100 as M&S avoids relegation

Marks & Spencer has avoided relegation from the FTSE 100 as online grocery retailer Ocado moves into the elite group of UK-listed firms, it...

Top bosses warn PM 'time is running out' over Brexit

Theresa May has been told by the leaders of some of Europe's biggest companies that "clarity and certainty" is needed over Brexit because "time...

ECB sources: No need to intervene in Italy crisis

The European Central Bank is watching the political crisis in Italy but is unlikely to intervene at the moment, according to sources. Three sources at...

Viagogo faces 'consequences' over ticket pricing

Viagogo has been referred to National Trading Standards by the advertising watchdog for failing to make changes to "misleading" pricing information on its website. The...

Swiss join race for Gold Cup winner’s dentists

A Swiss family office whose investment firepower was partly generated by an international chocolate producer has joined the £300m race to buy the dental...