By CALUM MUIRHEAD Updated: 16:51 EST, 22 February 2025 A French theme park tycoon with ties to the Kremlin is behind plans for a £600 million attraction hoping to be set up near Oxford. Puy du Fou, which runs medieval-themed parks in France and Spain, plans to expand with a …
Read More »Reeves business rates and National Insurance rise will hit small firms in the North hardest
Small businesses in the North are set to bear the brunt of changes to business rates this spring. In her tax-raising Budget in October, Chancellor Rachel Reeves announced plans to phase out rates relief introduced to help struggling companies during the Covid-19 pandemic. The move means retail, hospitality, and leisure …
Read More »Holiday Inn owner buys ‘lean luxury’ city hotel brand amid US expansion
By JANE DENTON Updated: 04:13 EST, 18 February 2025 Holiday Inn owner InterContinental Hotels Group has acquired its 20th hotel brand as it reported stronger profits and outlined plans for further expansion. The FTSE 100-listed group said it had snapped up ‘lean luxury’ specialist Ruby Hotels for an initial £87.6million. …
Read More »Cracks deepen at Topps Tiles as shareholder slams takeover deal to buy 30 stores
By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:00 EST, 17 February 2025 Topps Tiles’s largest shareholder has slammed the group after regulators said its deal to buy 30 stores from a rival could lead to competition issues. The flooring company bought the stores for £9million in August last year …
Read More »Beware of financial ghouls: Royal Mail is in danger of becoming the next Thames Water, warns ALEX BRUMMER
By ALEX BRUMMER FOR THE DAILY MAIL Updated: 17:01 EST, 17 February 2025 Thames Water will be back in the spotlight today when a court is due to rule on whether an emergency £3billion loan from creditors should be allowed to proceed. An alternative is that the utility company is …
Read More »Vinted sellers cancelling orders over ‘ridiculous’ feature they ‘hate so much’
‘I thought there was some kind of glitch,’ one user said Vinted users have taken to social media to share their frustrations (Image: Shared Content Unit) Vinted users say they have had to cancel orders over a feature on the app that has left them angry. The second-hand selling platform …
Read More »ALEX BRUMMER: Labour in a regulatory mess
By ALEX BRUMMER Updated: 21:50, 14 February 2025 This week the Competition and Markets Authority (CMA) gave its go-ahead, after nine months of delay, to BlackRock’s £2.6billion purchase of City-based alternative investment platform Preqin. Aside from making its founder, the Suffolk farmer Mike O’Hare, very rich, the deal illustrates the …
Read More »ALEX BRUMMER: Failure of duty at Royal Mail
Business Secretary Jonathan Reynolds carelessly waving deal through Reynolds, board and CWU cajoled into thinking takeover is a good thing Keir Starmer should intervene before more damage is done to UK plc By ALEX BRUMMER Updated: 16:50 EST, 7 February 2025 One cannot but despair of Labour’s dealings with commerce. …
Read More »Time to buy a bond fund? Check out 17 ideas from investing experts
Bond markets have calmed in recent weeks but investors have good reason to remain nervous after the New Year rout. Yields from government debt have retreated from earlier highs, but concerns about inflation and the prospect of slower interest rate cuts are still prevalent. Returning US president Donald Trump is …
Read More »Marks & Spencer cuts price of children’s clothes to poach parents from rival retailers
By DAILY MAIL CITY & FINANCE REPORTER Updated: 04:25 EST, 31 January 2025 Marks & Spencer is cutting the price of children’s clothes as kidswear becomes its next battleground to gain market share. It hopes to entice more families as part of the turnaround drive that has lifted it from …
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