Shares in the Pendragon car dealership group dropped almost 7 per cent after one of three bidders interested in buying the business decided to pull out of the running. Nottingham-based Pendragon said Sweden’s Hedin Mobility Group and Leicester-based PAG International – which owns the prestige Sytner dealership brand – had …
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Hundreds of stores of the retail giant Wilko will close in the coming weeks, after talks to rescue the bankrupt company failed. Administrators at PwC confirmed on Monday that nearly 300 Wilko stores and its distribution centers will cease operations in the coming weeks. The company collapsed owing £410.9 million …
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The creditors of Hotter Shoes face a shortfall of more than £11m after its collapse into administration despite a rescue deal being completed. The Skelmersdale-headquartered company was the main subsidiary of AIM-listed Unbound Group and was the trading name of Beaconsfield Footwear. Over 400 jobs were saved when Hotter Shoes …
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Glencore shares lower, “buy” note boosts Hargreaves Lansdown Robust production figures by Glencore did little for its shares today as investors continue to fret over China’s faltering economic recovery. The Swiss commodities giant said lower output of key assets in copper, zinc and coal was no worse than expected as …
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Rita and Carl Hulme stand with King Charles merchandise at Blimeys British Store and Gift Shop in Essex, Ont., on April 16.Nicole OSBORNE/The Canadian Press When Queen Elizabeth died in September, Carl Hulme happened to be in England – the perfect spot to scoop up commemorative fine bone china, tea …
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By Ian Walker Card Factory PLC said Tuesday that sales for the 11 months ended Dec. 31 were 28% higher than the same period of the previous year as it benefited from customers returning to the high street, although online sales were hurt by postal strikes as well as the …
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Bosses at kitchenware brand ProCook have reported renewed trading momentum after a “challenging” summer. The Gloucestershire firm, which listed on the London Stock Exchange last year, said it generated £15.9m in revenue in the second quarter – a 9% dip on the same period last year, but up more than …
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Press play to listen to this article LONDON — As Liz Truss gets down to work as Britain’s new prime minister, she faces an immediate problem. Half the British workforce appears to be going on strike. Across the country, rail workers, barristers, dockhands, bus drivers, garbage collectors, Amazon employees, and …
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A Post Office in a Derbyshire village looks set to move to a new premises after the current postmaster resigned. The Codnor branch has been based at Holmfield Chemist, on High Street, for the past four years. But Post Office services will no longer be available within the pharmacy from …
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(MENAFN- ValueWalk) talhakhalil007 / Pixabay Weaker retail trends, fewer test kit deliveries and a structural decline in letters meant revenue fell 5.1% to £3.0bn in the first quarter. This reflected an 11.5% decline in Royal Mail PLC (LON:RMG) revenue which more than offset a 7.8% increase at GLS. With …
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