By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:00 EST, 5 March 2025 Delays: Czech tycoon Daniel Kretinsky’s EP Group, struck a deal to buy Royal Mail owner International Distribution Services last year The £3.6billion takeover of the owner of Royal Mail by the ‘Czech Sphinx’ is set to be …
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Britain’s Big Four banks are again at the centre of a compensation crisis. The lenders face the likelihood of being compelled to meet their share of a £44billion bill to cover consumer redress for the past selling of car finance. Lloyds alone may have to pay out £3billion, leading its …
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By ALEX BRUMMER Updated: 16:54 EST, 28 February 2025 When Business Secretary Jonathan Reynolds has sorted out his CV and claims to being a solicitor perhaps he might find time to refocus on Royal Mail. Reynolds, the Communication Workers Union and the flaccid board of Royal Mail-owner International Distribution Services …
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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 …
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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 …
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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. …
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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 …
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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 …
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‘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 …
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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 …
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