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Dorset firms warned as number of voluntary liquidations rises
Businesses in Dorset have been warned to “stay alert” for signs of financial stress by the region’s restructuring and insolvency body as figures suggested a rise in the number of firms opting for voluntary liquidation Figures published by the Insolvency Service revealed a 20% increase in the number of corporate insolvencies nationally in December 2021 …
Business
Business Live
Andy Murray-backed Castore signs major deal with Silverstone
Sportswear brand Castore has signed a major deal with the home of the British Grand Prix, Silverstone. The Manchester-headquartered company will launch a new e-commerce store for Silverstone and be the exclusive merchandise reseller, with the Castore x Silverstone Lifestyle and Fanwear ranges being available to purchase. The business, which will also be the teamwear …
Business
Business Live
Group behind Simply Be, Jacamo and JD Williams warns profits will be at lower end of expectations
The online fashion group behind the likes of Jacamo, JD Williams and Simply Be has said its full-year profits are set to be at the lower end of its previous guidance. Manchester-headquartered N Brown said its adjusted EBITDA for its current financial year is expected to be between £93m and £96m “reflecting the online market …
Business
Sky News
Primark to cut hundreds of jobs in store management shake-up
Primark has revealed plans to cut hundreds of jobs in a shake-up of store management – as it pledged not to raise prices. The fashion retailer is “proposing removing a number of roles as well as creating a new entry-level management role”, a spokesperson said. Overall it expects to see a reduction of 400 jobs …
Business
Sky News
Sony in shares slump after Microsoft’s Activision Blizzard swoop
Shares in PlayStation maker Sony have plunged after rival Microsoft, the company behind rival games console Xbox, agreed to buy games developer Activision Blizzard for $68.7bn (£50.5bn).The Japanese technology giant slumped by nearly 13% in Tokyo hours after the US firm said it would buy the business whose titles include Call of Duty and Candy …
Business
Sky News
Bank of England governor ‘concerned’ about inflationary pressures becoming more stubborn
The governor of the Bank of England has voiced “great concern” that inflationary pressures in the UK economy could prove more stubborn than it expected.Andrew Bailey told a committee of MPs a key element of this was market forecasts since Christmas of higher than normal natural gas costs through 2023 as households and businesses grapple …
Business
Evening Standard
M&C Saatchi without CFO as saviour Mickey Kalifa quits in midst of takeover battle
The finance director who helped rescue M&C Saatchi from a near disastrous accounting scandal is jumping ship – in the midst of a takeover tussle for the famed advertising house.Mickey Kalifa is on the verge of joining digital agency Dept, Sky News reports, a blow to CEO Moray MacLennan. M&C said he was leaving for …
Business
Sky News
Wetherspoons says Downing Street ‘partygate’ staff should have been allowed to go to the pub instead
Wetherspoons has taunted Boris Johnson over Downing Street “high jinks” during lockdown – and suggested it would have been better if staff had partied in its pubs instead.The comments from the chain led by Tim Martin – a Brexit enthusiast and once prominent supporter of Mr Johnson – come as the prime minister faces intensifying …
Business
Business Live
Land deal done for five-acre city site with consented plans for 631 apartments
A key land deal has completed for a five-acre site on the edge of Leeds city centre, where outline approval for 631 apartments has been received. Manchester property developer Glenbrook has bought the Kirkstall Road plot, on the River Aire, from Marshall CDP for an undisclosed sum. The proposed scheme also features 10,000 sq ft …
Business
Business Live
WHSmith takes Omicron hit but bosses ‘confident’ of recovery
WHSmith has revealed sales at its stores remain below pre-pandemic levels while those at travel locations, including airports and train stations, fell in the final month of 2021 as the Omicron variant of Covid spread. Bosses said high street stores have seen improvements compared with 2019 levels, although these fell in the first two weeks …
Business
Sky News
Will 40 years of house price inflation see Brits turn their backs on buying homes?
Sky News analysis of new data shows that it is becoming increasingly difficult to buy a home, especially for people in the parts of the country on the lowest incomes.Rents are also rising, albeit at a more moderate pace, with the exception of London where prices are actually falling.The price of the average UK house …
Business
Business Live
New bid to complete Plymouth’s stalled waterfront apartment block
The company behind an unfinished block of Plymouth waterfront retirement flats where work stopped two years ago says it has not given up on the multi-million pound project. The charitable Abbeyfield Society said it is working hard to restart construction on the eight-storey Mayflower Court tower at Millbay. The building – which will contain a …

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