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Mulberry plunges to loss as shoppers cut back on luxury goods
Luxury handbag maker Mulberry has plunged to a half-year loss after seeing sales fall amid the cost-of-living crisis, it told investors on Wednesday (November 30). The Somerset-headquartered group reported a pre-tax loss of £3.8m for the six months to October 1 – against profits of £10.2m a year ago – despite hiking prices in March …
Business
Evening Standard
Ofgem promises big investment but frozen bills as it sets out local grid plans
The companies that operate Britain’s local electricity networks will have to become leaner while investing to make the grid greener, Ofgem said as it promised it will force them to shell out despite not allowing them to charge more for their services.The regulator said the local operators of the grid will have to reduce their …
Business
Sky News
Joules administrator on brink of rescue deal with Phase Eight-owner Foschini
The administrator to Joules, the collapsed fashion retailer, is on the brink of a rescue deal with the South African owner of Phase Eight.Sky News has learnt that the Foschini Group (TFG) is close to securing an agreement to buy the majority of Joules’ stores and assets. One source said a deal could be struck …
Business
Business Live
ADVERTORIAL: Brill Power powers up production management with MRP software
Sustainability and efficiency are written into Brill Power. The company produces intelligent battery management systems that increase the lifetime and total energy output as well as the charging speed of large lithium-ion batteries. At a time when sustainability is becoming a key issue, the company is creating new solutions that help tackle the problem of …
Business
Evening Standard
Mulberry swings to loss as UK sales take hit amid economic woes
Luxury handbag maker Mulberry has swung to a half-year loss as it revealed sales tumbling by 10% across the UK as the economic uncertainty and cost crisis knocked shopper confidence.The group reported a pre-tax loss of £3.8 million for the six months to October 1 against profits of £10.2 million a year ago.This came despite …
Business
Sky News
Energy support scheme cash potentially at risk as gas boss warns more suppliers could go bust
More energy suppliers could go bust this winter potentially taking government payments intended for customers with them, the chief executive of British Gas owner Centrica has warned.Chris O’Shea told Sky News that the UK energy market, regulated by Ofgem, offers “wealthy individuals” behind some retail suppliers a “free bet” to speculate, with other bill payers …
Press Release
Pressat
Foxway acquires the UK based company Global Resale and strengthens its position within circular tech
Foxway has acquired Global Resale Ltd, a leading provider of lifecycle management solutions for technology assets in the UK and Europe. The acquisition is an important step in Foxway’s strategy to become the leading company within circular tech in Europe and beyond. During the last two years, Foxway has acquired several companies within the circular …
Business
Sky News
Why taxpayers will share pain of cost of Sizewell nuclear power plant
It was as long ago as 1982, back in the pre-privatisation days of the Central Electricity Generating Board, that the idea of building a new nuclear power plant in Suffolk – Sizewell C – was first mooted.At that time, construction had yet to begin on the neighbouring Sizewell B, which for now remains the youngest …
Business
Sky News
Twitter quietly drops COVID misinformation policy
Twitter has quietly dropped its policy preventing the sharing of false or misleading information about COVID-19.Under the policy, tweets containing misleading information about the disease could be given a label including corrective information about the claim. Tweets that violated the policy and were severely harmful could be deleted and the users temporarily locked out of …
Business
Business Live
Topps Tiles inches closer to 20% market share after second record year for growth
Topps Tiles has inched closer to taking one in every five UK tile sales – ahead of its 2025 target. The tile giant said its share of the market had grown from 17.6 per cent to 19 per cent in the last year thanks to a second consecutive year of record growth. Total sales for …
Business
Business Live
Multimillion-pound leisure scheme set to open on Northumberland seafront
The first phase of a new multimillion-pound retail and leisure development in a Northumberland seaside town is set to open before Christmas. Food on the go favourite Greggs and local beauty salon Shorelocks are the first tenants at The Links at South Beach in Blyth, who are both on course to move into their units …
Business
Evening Standard
Sizewell C nuclear plant go-ahead confirmed with £700m public stake
The Government has confirmed the go-ahead for the new Sizewell C nuclear power plant in Suffolk, backing the scheme with a £700 million stake.The move, which ministers said would create 10,000 highly skilled jobs and provide reliable low-carbon power to the equivalent of six million homes for more than 50 years, is part of efforts …

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