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Struggling Superdry in talks with lender Hilco over £10m loan
Struggling fashion chain Superdry has confirmed it is in discussions with refinancing firm Hilco over a £10m loan. The Cheltenham-headquartered retailer is in talks to increase its lending facilities to help with its turnaround plans. It also said it is having discussions for an extra £10m to assist with seasonal working capital, and an extension …
Business
Sky News
Pet owners may be being overcharged, says watchdog
Pet owners could be paying too much for medicines or prescriptions, according to the UK’s competition watchdog.It follows a review of the UK’s £2bn veterinary industry by the Competition and Markets Authority (CMA) over concerns pet owners are not getting value for money. Money latest: Six lottery jackpots unclaimed – here’s where they were boughtThe …
Business
Sky News
Wages grow and unemployment rising – as decision on interest rate change looms
Wages are rising less than expected and unemployment surprisingly rose, official figures show – but likely not fast enough for interest rates to come down. The rate of unemployment tipped up slightly to 3.9% in January, when it had been forecast by economists to remain at 3.8%. Money blog: Six £1m lottery prizes unclaimed – …
Business
Sky News
UK faces ‘blackouts’ without new gas-fired power stations, ministers claim
The UK will face “blackouts” without building new gas power stations, ministers have claimed. The government has said that while it will continue to move forward with its net zero targets and a focus on renewables, gas was needed as a “back-up” – with Prime Minister Rishi Sunak saying climate goals must be reached “in …
Business
Sky News
Surge in sale of UK-made cars to Russia’s neighbours shows how it’s beating sanctions
British carmakers appear to have continued selling hundreds of millions of pounds of luxury vehicles to Russia even after the invasion of Ukraine and the imposition of sanctions, exporting the cars indirectly via former Soviet states, Sky News analysis suggests. While direct British car exports to Russia have fallen to zero following the invasion of …
Business
Sky News
Premier League shelves New Deal vote amid club stalemate
The Premier League has failed to secure agreement for a new financial settlement for English football amid a continued stalemate between its clubs.Sky News has learnt that a planned vote at a shareholder meeting on Monday afternoon was scrapped after it became clear it would not win support from the required majority of 14 clubs. …
Business
Euro News
Reddit set to go public: Shares from $31 expected this month
Business
Euro News
Zara owner under pressure to publish supply chain details
Business
Euro News
Oslo defends seabed mining plans amid concerns over environmental impact
Business
Sky News
Bitcoin hits another new high as UK regulator paves way for more crypto trading
The value of Bitcoin has reached a new high, just days after the previous record was broken.On Monday morning one Bitcoin, the best-known cryptocurrency, could buy $72,219 (£56,303). Money blog:Major lenders increase mortgage rates – what’s going on?The price of the digital asset has grown 51% in the last month alone as the so-called ‘halving’ …
Business
Euro News
French firm Carrefour taken to court over ‘illegal practices’ claim
Business
Sky News
Vinyl, gluten-free bread and air fryers added to ONS’s typical ‘inflation’ shopping basket
For the first time in 32 years, the cost of vinyl records is being included in the calculations officials use to work out the rate at which prices are rising. A basket of goods is used by the Office for National Statistics (ONS) to calculate the rate of inflation and each year the list of …

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