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Sky News
Consumer confidence slumps following warnings of ‘tough choices’ in budget ahead
A long-running measure of consumer confidence has slumped to levels last seen at the start of the year following warnings of “tough choices” ahead in the looming budget.GfK’s Consumer Confidence Index fell seven points in September to minus 20, with significant drops in predictions for personal finances and the general economy over the coming year. …
Business
Evening Standard
Health and beauty spending surges despite cost-of-living pressures
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Spending on health and beauty products is booming despite cost-of-living pressures as UK consumers increasingly consider make-up and perfume to be as …
Business
Sky News
Sir Alan Bates blames ‘flimflam artists’ for delaying Horizon scandal compensation payouts
Post Office campaigner Sir Alan Bates has blamed government “flimflam artists” for dragging out financial redress for victims.In a newsletter, seen by Sky News, he criticises the GLO (Group Litigation Order) scheme for being a “gravy train” for government lawyers. He adds it is “seemingly to ensure maximum income for the lawyers and minimal settlement …
Business
Sky News
UK interest rates an outlier after decision but inflation rises to continue
There has been no change to the UK interest rate despite the US and European central banks all moving to cut in the last week. The Bank of England has kept the interest rate at 5% as official figures this week showed some measures of price rises grew. It follows the first cut in more …
Business
Business Live
Close Brothers divests asset management division to Oaktree in strategic £200m deal
Close Brothers has agreed to sell its wealth management division for up to £200m in a bid to bolster its capital position amid costs arising from a City watchdog review into unfair car loans. The FTSE 250 merchant bank announced that the sale of Close Brothers Asset Management (CBAM) to funds managed by Oaktree Capital …
Business
Evening Standard
Next in line for £1bn of profits as internet shopping peaks
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Next boss Simon Wolfson today declared that internet retail shopping has peaked and that the future of the high street is sunny …
Business
Evening Standard
Martin Sorrell’s S4 Capital warns of bigger annual revenue drop
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Martin Sorrell’s digital advertising agency S4 Capital pointed today to a bigger drop in annual revenue as it reported a half-year operating …
Business
Sky News
Thames Water lines up court dates to push through huge debt restructuring
Britain’s biggest water utility is lining up court dates to push through a massive debt restructuring that could keep it out of government hands.Sky News has learnt that advisers to Thames Water have approached a broad group of investors including Apollo Global Management and Goldentree to gauge their appetite to participate in a multibillion pound …
Business
Evening Standard
Reynolds: Crackdown on late payments to small businesses is Government priority
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Cracking down on late payments to small businesses is a “priority” for the Government, Jonathan Reynolds has said.The Business Secretary said ministers …
Business
Evening Standard
There is no link between CEO pay and share price performance
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Executive pay is one of the most debated topics in corporate governance, especially when set against the backdrop of stock market performance. …
Business
Evening Standard
Top CEO pay ‘not linked’ to shareholder returns
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Some of the best paid CEOs in Britain have dramatically underperformed the stock market in the last three years, undermining the case …
Business
Sky News
4,500 jobs at risk as restaurant chain owners enter administration
The owner of the UK arm of the restaurant chain TGI Fridays (TGIF) has gone into administration, putting 4,500 jobs and 87 outlets at risk.Hostmore, which runs the UK franchise for TGIF, has appointed administrators and delisted its ordinary shares after struggling to find a “lasting solution” to save the business amid heavy losses and …

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