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Evening Standard
Hundreds of jobs at risk as Made.com enters administration
Next has bought the brand of furniture seller Made.com after the business filed for administration on Tuesday.Made, which employs around 600 people, said it will sell its brand, websites and intellectual property to the clothes retailer.It is a sharp downturn for the company, which launched on the London Stock Exchange less than two years ago …
Business
Sky News
Made.com collapses with loss of all 573 jobs leaving thousands of orders in doubt
Made.com has entered administration with the loss of all 573 jobs in the business, leaving thousands of customer orders hanging in the balance.There was initially no news on how many, if any, workers would be saved when it was confirmed that the online furniture retailer’s operating subsidiary had officially collapsed and that rival Next had …
Business
Sky News
M&S warns of ‘gathering storm’ ahead as surging costs knock profits
Marks and Spencer (M&S) has reported a big dip in profits and warned of a “gathering storm” ahead from rising costs and squeezed consumer budgets.The chain reported profit before tax and adjusting items of £205.5m for the six months to 1 October. That was 24% down on the same period last year despite an 8.5% …
Business
Sky News
Elon Musk sells almost $4bn more of Tesla shares after Twitter takeover
Elon Musk has sold Tesla stock worth almost $4bn (£3.46bn) after completing his takeover of Twitter.The founder and chief executive of the electric vehicle maker unloaded 19.5 million shares between Friday and Tuesday, according to filings published by the US Securities and Exchange Commission. The purpose of the sale was not disclosed but leave Musk’s …
Press Release
Pressat
URBAN VR THEME PARK EYES NATIONAL EXPANSION WITH CROWDFUNDING CAMPAIGN
A warehouse scale social free roam VR provider is looking to raise £600,000 to support its plans for growth across the UK. meetspaceVR, who recently launched new venues in Thatcham (nr Reading) and Manchester, have currently raised £671,888 from 167 investors on Seedrs. The business was founded in 2018 and has gone on to introduce …
Press Release
Pressat
An alternative family Christmas event at Butser Ancient Farm!
Butser’s magical experimental archaeology site is opening to the public this winter, honouring nature and introducing a festive twist in their new family trail Butser Ancient Farm is opening to the public this Christmas and inviting families to slow down, reconnect with nature and explore the ancient folklore of winter. As an alternative to the …
Business
Sky News
Persimmon shares knocked as toxic cocktail of pressures hit housebuilders | Ian King
On a daily basis, it seems, evidence is emerging of the weakening UK housing market.Monday brought news from the Halifax, the UK’s biggest mortgage lender, that house prices are falling at their fastest rate for 18 months. Halifax’s house price index has now shown prices falling in three of the past four months.Tuesday, meanwhile, brought …
Press Release
Pressat
NTT Recognized as Global Managed Services Partner of the Year at Cisco Partner Summit 2022
                                              NTT Also Honored with 22 Awards for Regional Achievements Cisco Partner Summit 2022 – [Las Vegas, NV – 8th November] – NTT Ltd., a leading global IT infrastructure and services company, today …
Business
Sky News
Food inflation, cyber ransoms and the space industry
Today, Ian King speaks to the head of consumer insight at Kantar about rising prices in the supermarkets. He also discusses what businesses can do to avoid being a victim of cyber ransoms. Plus, hear from a firm who helps support early stage space tech companies launch their own satellites.:: Listen and subscribe to The …
Business
Evening Standard
Minister admits ‘blockage’ in getting energy support vouchers to households
The Government will do “whatever is necessary” to ensure people get the support on their energy bills they are entitled to, a minister has said after reports that hundreds of thousands could be missing out.Work and Pensions Secretary Mel Stride said there was a “blockage” in getting vouchers to some of the millions of customers …
Business
Evening Standard
Rail services start late despite strikes being called off
Many rail services started later than normal on Tuesday despite planned strikes being called off.A number of operators were unable to run their first trains at the usual time due to difficulties arranging staff and rolling stock to be in the correct place.Rail unions planned to strike on Saturday November 5, Monday November 7 and …
Business
Evening Standard
Persimmon predicts drop in house prices
One of the UK’s biggest developers predicted a drop in house prices next year as rising interest rates, the cost-of-living crisis and a likely recession bite into the market.Persimmon predicted “a deterioration in average selling prices” even as it said the “recent and rapid change in market conditions” meant it was too early to give …

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