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Evening Standard
Johnnie Walker owner Diageo to reveal sales slowdown
Spirits giant Diageo is expected to report a slowdown in sales and profits next week as consumer spending steadies.However, analysts have predicted that the Johnnie Walker and Baileys maker could deliver a resilient showing when it reveals its half-year update to shareholders on Thursday January 26.A consensus of analysts have predicted that the group is …
Business
Sky News
Hunt poised to approve £300m grant in bid to avert British Steel collapse
The Treasury is close to agreeing a £300m aid package for the UK’s second-biggest steel producer in a move aimed at reducing its carbon footprint and averting the loss of thousands of industrial jobs across northern England.Sky News has learnt that Jeremy Hunt, the chancellor, has been advised by officials to approve a request from …
Business
Sky News
Tanning salon chain seeks healthy glow with £100m sale
Britain’s biggest chain of tanning salons is exploring a £100m sale as it seeks funding to expand even as many consumer-facing businesses are retrenching in the face of economic headwinds.Sky News has learnt that The Tanning Shop, which trades from nearly 100 sites across the UK, has appointed Grant Thornton, the accountancy firm, to identify …
Business
Sky News
Google job fears in UK and Ireland as parent firm slashes 12,000 staff globally
Google workers in the UK and Ireland face uncertainty after its parent company Alphabet announced 12,000 jobs are to be axed globally.The Silicon Valley giant employs more than 5,000 staff in both countries, but the company would not be drawn on how the mass redundancies would impact them. The “difficult news” about the job losses …
Press Release
Pressat
Freezing the multipliers – how does this affect my business rates?
The government have promised a lot of things to help businesses with their rising costs. In the UK, business rates are generally one of the highest outgoing costs for any business. As the 2023 revaluation creeps ever closer, concerns over the unquantified rates hike have been growing. One of the biggest ways the government have …
Business
Business Live
Levelling Up funding has been a big let down
Earlier this week the UK Government announced a list of eleven projects in Wales that had qualified for £208m from its Levelling Up Fund. As would be expected with only half of the local authorities in Wales receiving this funding, the decisions were seen as controversial to say the least. Some have argued that headlines …
Business
Business Live
‘No decisions made’ on potential sale of food giant Princes after ‘market speculation’
Food giant Princes has said no decisions have been made on its ownership after reports emerged of a potential sale. The Liverpool-headquartered company, which is based at the city’s iconic Royal Liver Building, added that it “does not respond to market speculation” but that management “routinely seek to identify growth and investment strategies”. The business …
Business
Evening Standard
The London bank branches set to close for good
Twelve London high street banks are set to close this year.Lloyds and Halifax have announced 40 bank branch closures across the UK in between April and June.These include branches in Crouch End, Purley, Norbury, Marylebone, Harrow and Golders Green.Lloyds Banking Group, which owns both high street banks, said the branches to be closed have seen …
Business
Evening Standard
The ugly truth emerging about Revolution Beauty’s fall
Fortunately, you did not own shares in Revolution Beauty last year. How right you were. This self-styled “multi-brand, multi-category, multi-channel, mass beauty innovator with proven global scale” came to the AIM market in July 2021 at 160p, valuing the business at almost £500 million.The existing shareholders (including private equity, of course) raised £190 million, and …
Business
Business Live
US consulting firm Treliant to create 150 jobs at Belfast base
Belfast has beaten off stiff competition from other global locations as a base for the expansion of a US consulting firm, which will create 150 new jobs. Treliant, which works with the financial services sector, said the move will quadruple the size of its office in the city. The firm first arrived in Belfast in …
Business
Business Live
‘Under-used’ offices could become 268-bed student scheme
Two neighbouring office blocks close to Leicester Station and the University of Leicester could be turned into student accommodation. A student developer is interested in adding more stories to Regent House and Waterloo House, next to Tigers Way, and creating a 268 bed student scheme. Development plans show that Rumrat Ltd also wants to build …
Business
Business Live
Boohoo might not return to profit until 2026, analysts warn
A warning has been issued over when fashion giant Boohoo will return to profit as it battles a sharp drop in sales. Shares in the Manchester-headquartered group fell this week after revealing its sales are expected to be cut by 12% during its current financial year. Boohoo, whose brands include PrettyLittleThing, Nasty Gal and Debenhams, …

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