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World’s biggest luxury watch retailer Watches of Switzerland plans to double sales and profits
The world’s biggest luxury watch retailer has set out bullish plans to more than double sales and profits over the coming five years and grow its share of the posh branded jewellery and pre-owned watch markets. Watches of Switzerland Group, which owns Goldsmiths and Mappin & Webb, said despite the headwinds facing retail it was …
Business
Evening Standard
Metro Bank says outflows return to normal after £325 million rescue deal
Business
Sky News
House prices back on the rise for first time in six months
After six months of falls house prices across the country are on the rise again, according to analysis from part of the UK’s biggest mortgage lender.Last month, for the first time since March, the cost of buying a house increased as the number of properties on the market shrunk, according to the Halifax house price …
Business
Euro News
Income inequality in Europe: Which countries have the highest and lowest disposable income?
Business
Sky News
Grocery inflation ‘back in single digits’ – as supermarket with fastest sales growth named
The pace of grocery inflation has eased back to single digits for the first time since July last year, according to closely-watched industry data.Kantar Worldpanel, which records supermarket sales and price data, put the annual rate at 9.7% during the four weeks to 29 October. It said the decline, from the 11% recorded over the …
Business
Sky News
New law to ensure 40% of trains run during strikes, government announces
The government will introduce a new law to parliament on Tuesday, which they say will ensure 40% of trains will still run on strike days. The new minimum service level regulations will also make sure “certain priority routes can remain open” – though it is not yet clear which journeys will be covered. Other rules …
Business
Sky News
British Steel to shut down blast furnaces ‘leaving 2,000 jobs at risk’
British Steel has revealed a decarbonisation plan that could result in the loss of 2,000 jobs in Scunthorpe, according to unions.The Chinese-owned company confirmed it wanted to shut down the blast furnaces at its manufacturing base there. Replacing them would be two cheaper, greener electric arc furnaces (EAFs) – one in Scunthorpe and the other …
Business
Euro News
‘Contractor’ should not be a bad word
Business
Sky News
Watchdog apologises to ex-NatWest boss for suggesting she breached data rules over Farage bank details
The UK information regulator has apologised to the former NatWest chief executive Dame Alison Rose, who resigned after discussing the banking affairs of Nigel Farage with a journalist.The Information Commissioner’s Office (ICO) said its comments last month – in which the regulator said a NatWest employee shared information when they should not have done, and …
Business
Business Live
Australia Deputy PM and UK Defence Sec tour Rolls-Royce Derby for update on next generation nuclear subs
The deputy prime minister of Australia and the UK Defence Secretary have toured the Derby Rolls-Royce factory for an update on the next generation of nuclear submarines. Rolls-Royce Submarines is benefitting from the thousands of jobs created by an agreement between the UK, US and Australia under the so-called AUKUS submarine deal. It will see …
Business
Evening Standard
Boohoo breaks promises over treatment of suppliers – BBC Panorama
Business
Sky News
Plan to phase out 1p and 2p coins on Isle of Man
The Isle of Man government is to encourage businesses to round prices to the nearest 5p as it looks to phase out 1p and 2p coins.The island’s treasury stopped minting Manx pennies – equivalent to UK pennies – in 2016 because the cost of making them outweighed their value. However, in a recent survey, nearly …

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