Next in talks to make £15m investment in Joules
High street fashion retailer Next is in talks to acquire a minority stake in struggling fashion and lifestyle products chain Joules. The news comes after Joules appointed KPMG last month…
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BP reports £6.9bn profit for Q2 after oil and gas prices soar
BP has reported its highest quarterly profit for 14 years, prompting calls for a tougher windfall tax on exceptional profits in the oil and gas sector. The UK-based oil and…
JD Sports agrees sale of Footasylum after competition watchdog ruling
Sportswear chain JD Sports has agreed to sell Footasylum for less than half the amount it paid for the business three years ago. It came after the UK's competition watchdog…
ASOS, Boohoo and Asda investigated over sustainability claims
The UK's competition watchdog is to investigate eco-friendly and sustainability claims made by ASOS, Boohoo and George at Asda. The Competition and Markets Authority (CMA) said it would examine whether…
Lloyds and Halifax to close 66 more branches
Lloyds Banking Group has announced plans to close another 66 branches in England, Wales and Northern Ireland. In the latest closures, the group will close 48 Lloyds Bank branches and…
High inflation presents ‘major challenge’, says Mitchells & Butlers
Restaurant and pub group Mitchells & Butlers has reported a 1.6% drop in sales in the financial year to date, and said that inflationary pressures are presenting "a major challenge…
Record fall in UK pay as inflation hits 40-year high
Pay rises are still failing to keep up with inflation, according to the latest data from the Office for National Statistics (ONS). New figures for March to May 2022 show…
Housing market is cooling off, surveyors say
House prices in the UK are still rising, but the pace of growth is slowing amid a drop in interest from potential buyers. In the latest monthly survey by the…
UK economy rebounded in May
The UK economy returned to growth in May after shrinking in April and March. Figures from the Office for National Statistics (ONS) show that GDP increased by 0.5% in May,…
Which? reports easyJet to regulator over treatment of passengers with cancelled flights
Which? has reported easyJet to the Civil Aviation Authority (CAA) over the way it has treated passengers whose flights were cancelled. Thousands of flights from UK airports have been cancelled…
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