News

Just Eat brings in former Dragon to put fire in restaurant owners’ bellies

TAKEAWAY website Just Eat has enlisted former Dragons’ Den star Sarah Willingham to offer help and advice to the 29,000 restaurants signed up to its service. The takeaway website reckons that more than half of these businesses could increase their […]

Blow to ‘max fac’ Brexiteer ministers as HMRC reveals £20bn cost to businesses

Boris Johnson’s favoured scheme for trade after Brexit could cost businesses up to £20bn a year through extra customs declarations, HM Revenue and Customs has warned. The ‘maximum facilitation’ system, or max fac, seeks to avoid border delays by using […]

Eurozone slowdown raises fears there will be no economic rebound

Economic growth slowed to an 18-month low in the eurozone in May raising fears there will be no rebound from the weak first quarter. Surging business activity last year has given way to more modest rates of growth in 2018, […]

Comcast confirms $60bn plot to challenge to Murdoch deal with Disney

Comcast chief Brian Roberts has laid down the gauntlet to Rupert Murdoch by declaring an audacious bid to disrupt the mogul’s exit from global entertainment. Comcast announced it is “considering, and is in advanced stages of preparing” a challenge to […]

City jobs in firing line as Deutsche Bank mulls cutting 10,000 staff globally

The City is braced for swingeing cuts at Deutsche Bank as the beleaguered banking giant considers cutting 10,000 jobs globally, equivalent to one in 10 of its staff, according to reports. It is understood the redundancies will be focused in […]

Topshop posts £10.9m loss as it grapples with tough retail environment

Topshop is the latest retailer to have taken a battering from tough conditions on the high street after posting a multi-million pound loss in its last financial year. The retailer, whose parent company Arcadia Group is owned by Sir Philip […]

Jaguar Land Rover profits slide on shrinking diesel demand

Record sales at Jaguar Land Rover have failed to turn into higher profits as rising investment costs put the brakes on the car maker’s performance. On the 10th anniversary since its acquisition by India’s Tata, the Coventry-based company posted a […]

Great Portland Estates warns of falling rents amid lack of market confidence

London landlord Great Portland Estates has warned that it expects a drop in rents this year in a market “characterised by a distinct lack of confidence”, as it posted a jump in its property values for the last 12 months. […]

Hollywood Bowl halves debt as customer numbers rise

Hollywood Bowl has halved its debt pile thanks to a rise in the number of customers through its doors. Chief executive Stephen Burns said bowlers were also spending more money per game, which boosted sales and allowed it to slash […]

Factory closure takes fizz out of Britvic

Soft drinks maker Britvic’s profits took a knock after a new growth in its Robinsons and Pepsi brands failed to offset the costs of closing its Norwich site. The FTSE 250 company had £21.6m of employee costs and impairment charges […]