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Evening Standard
Made.com to collapse into administration after rescue deal efforts failed
Embattled online retailer Made.com bowed to the inevitable today as the firm said it would be appointing administrators after failing to find a rescue buyer, putting as many as 700 jobs at risk.The move is the culmination of a months-long battle for survival for the Shoreditch-based business after a string of profit warnings and jobs …
Business
Sky News
Made.com reveals administration looms after failure to find a buyer
Online furniture retailer Made.com has revealed plans to appoint administrators, leaving up to 700 jobs at risk, after talks to find a buyer for the group failed.Its operating arm Made.com Design (MDL) filed a notice to appoint PricewaterhouseCoopers (PwC), the company announced. Trading of the group’s shares was suspended on the London Stock Exchange – …
Business
Sky News
Holiday hell for Disney visitors forced to stay inside resort after single COVID case
Stay-at-home orders and mandatory testing notices have been issued to several Shanghai residents as authorities race to trace contacts linked to a COVID-positive woman whose visit to the city’s Disney resort prompted its temporary lockdown.The Shanghai Disney Resort on Monday became the latest major venue to shut its gates due to China’s strict zero-COVID policy, …
Press Release
Pressat
Timeless Fashion: 90-year-old British heritage brand launches new collection of limited-edition handmade silk scarves
A 90-year-old British heritage brand is delighted to announce the launch of a brand-new scarf collection — with newly designed statement pieces gracing its online boutique store for the first time in decades. Jacqmar, a British-owned scarf business established in 1932, has launched its newest collection of stylish scarves — the first new additions in …
Business
Sky News
BP sees huge profits after gas prices surge
BP has credited strong natural gas trading for strong quarterly profits of £7.1bn, which have fanned the flames around demands for stiffer windfall taxes.The oil and gas giant revealed third quarter profits of $8.2bn compared to $3.3bn in the same period a year earlier – boosted by high prices resulting from the impact of Russia’s …
Business
Evening Standard
‘Retailers want to see tougher laws on tobacco sales’
Most shopkeepers support existing tobacco laws and want the Government to go further in protecting people’s health, according to a new report.People running newsagents, off-licences, convenience stores and petrol stations are in favour of more regulation, while many are worried about vaping sales to children, it found.The charity Action on Smoking and Health (Ash) commissioned …
Business
Sky News
Tax rises ‘likely’ as govt faces ‘unpalatable menu’ to fill £40bn black hole, leading thinktank warns
Tax rises are “likely” to come soon as the government faces an “unpalatable menu” to find ways to fill a £40bn fiscal black hole, a leading thinktank has warned.A Resolution Foundation report suggests Rishi Sunak and his Chancellor Jeremy Hunt face a thankless task to re-balance the nation’s finances after former chancellor Kwasi Kwarteng’s ill-fated …
Business
Sky News
Purplebricks founder’s property portal Boomin turns to bust
Boomin, the online property portal founded by the former boss of Purplebricks, has called in liquidators after failing to secure new funding.Sky News has learnt that Boomin, which counted Channel 4 among its investors, called in BK Plus, an accountancy firm, to handle its insolvency on Monday. Boomin was launched by Michael Bruce in an …
Business
Sky News
BritishVolt on the brink as £100m of government funding yet to materialise – source
The company behind a planned battery gigafactory to help power the UK’s electric car future is on the brink of collapse because £100m of promised government funding is yet to be paid, a source has told Sky News.It was revealed in January that BritishVolt’s plans for the site in Northumberland had secured financial backing from …
Business
Sky News
Britishvolt on the brink as £100m of govt funding yet to materialise
The company behind a planned battery gigafactory to help power the UK’s electric car future is on the brink of collapse because £100m of promised government funding is yet to be paid, a source has told Sky News.It was revealed in January that Britishvolt’s plans for the site in Northumberland had secured financial backing from …
Business
Sky News
Growing consumer caution evident as mortgage approvals and demand for borrowing ease
Lending to British consumers rose last month by less than expected and the number of mortgages approved by lenders eased back, according to Bank of England (BoE) data.Mortgage approvals for house purchases fell to 66,800 in September from 74,400 in August – reflecting rising interest rates to battle inflation and the start of the fallout …
Business
Sky News
Demand for mortgages falls as customers grapple with high rates
Mortgage lending fell as the number approved didn’t rise as high as expected, according to Bank of England (BoE) data.Mortgage approvals for house purchases fell to 66,800 in September from 74,400 in August – reflecting rising interest rates to battle inflation and the start of the fallout from the mini-budget, according to analysts. A large …

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