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Fintel hails defining year following flurry of acquisitions
Statutory earnings have fallen at the Huddersfield-based owner of Simply Business and defaqto in what has been described as a defining year for the business. Full year 2023 results for Fintel show statutory Ebitda fell by 13.5% to £14.4m as statutory revenue fell 2.4% to £64.9m. Bosses at the AIM-listed financial technology group said it …
Business
Sky News
Food leads rate of inflation down to 3.4%, lowest level since September 2021
The rate of inflation slowed sharply to an annual rate of 3.4% in February, according to official figures charting a big contribution from food costs.Data from the Office for National Statistics (ONS) showed an easing in the headline measure from the 4% rate recorded the previous month to a level last seen almost two-and-a-half years …
Business
Sky News
Aldi’s ‘cheapest Christmas dinner’ ad misled shoppers, says watchdog
Aldi’s claim it was the “home of Britain’s cheapest Christmas dinner” was found to be misleading after rival supermarket Sainsbury’s reported it to the advertising watchdog.It claimed consumer group Which? had found Aldi’s Christmas dinner came in at over 20% cheaper than what was on offer at Sainsbury’s. The four-page wrap-around newspaper ad, published on …
Business
Sky News
It’s hard to see a dramatic change from Tory policy in Rachel Reeves’s rite of passage speech
The Mais lecture has become a kind of rite of passage for all aspirant chancellors.This annual speech, held at the Bayes Business School in the City of London, was where Nigel Lawson laid out his thinking about reforming the economy in the 1980s. It was where George Osborne provided his plan for his first 50 …
Business
Euro News
Unilever creams off specialist unit as it cuts 7,500 jobs
Business
Sky News
‘Take it down!’: JD Sports under fire after ‘irresponsible’ advert showing motorcyclists wearing trainers
JD Sports has come under fire after posting an “irresponsible” advert showing motorcyclists wearing trainers.The Advertising Standards Authority (ASA) said it had received 41 complaints about the social media adverts promoting Nike Air Max 95s in which bikers are seen performing stunts such as wheelies. The footage carried the disclaimer “stunts performed by professionals – …
Business
Euro News
Commission backs use of farmland for aviation fuel production
Business
Euro News
Spotify faces the music with billion-dollar payouts
Business
Sky News
Majestic Wine raises glass to purchase of stricken chain Vagabond
Majestic Wine is in advanced talks to buy Vagabond Wines, the London-based chain that filed notice of its intention to appoint administrators earlier this month.Sky News has learnt that Majestic, which is owned by Fortress Investment Group, could strike a deal to buy Vagabond within days. The deal would add roughly a dozen wine bars …
Business
Euro News
They’re in the money! Ethiopian bank glitch pays out millions
Business
Sky News
Tesco concedes defeat in trademark row with Lidl
Tesco has lost an appeal in a row with discount rival Lidl over the use of a yellow circle against a blue background in its Clubcard branding.The High Court ruled last year that the UK’s biggest retailer had taken “unfair advantage” of the Germany-based firm’s distinctive reputation for low prices when it brought in the …
Business
Sky News
Live music fans charged 20% extra on tickets by sellers, research says
Live music fans are being charged up to 20% extra on the face value price of a ticket by ticketing sites, according to research from Which?The consumer body compared the cost of a ticket to an Anne-Marie concert at Cardiff’s Utilita Arena last November – which had a face value of £45 – between vendors. …

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