The Royal Mint has today launched a new series of commemorative coins celebrating the life and work of John Lennon. The uncirculated £5 coins, which will go on sale from 9am, can be purchased from the Royal Mint starting from £18.50. There are a number of variations of the coin available …
Read More »Waterstones boss raises hopes of City float
By MARK SHAPLAND Updated: 17:50 EDT, 15 March 2025 James Daunt, the boss of Waterstones, this weekend said the London stock exchange is an attractive market for retail businesses, raising hopes the bookseller will stage a float in the City. Daunt, who also runs US bookshop Barnes & Noble, told …
Read More »Asda boss warns of no quick fix at troubled grocer
By JESSICA CLARK Updated: 17:50 EDT, 14 March 2025 The boss of Asda has warned there is no quick fix at the crisis-hit supermarket as sales continue to fall after its private equity takeover four years ago. Executive chairman Allan Leighton said profits will be ‘materially’ lower this year as …
Read More »John Lewis mends its ways – now if only Boots can follow suit and relist in the City: ALEX BRUMMER
There are retailers we really want to succeed. Marks & Spencer, John Lewis and Boots are in this category, as legacy firms with a strong heritage which fell on hard times. Under the guidance of chairman Archie Norman and, latterly, chief executive Stuart Machin, M&S is turning itself around. Fashion …
Read More »Cost of first and second class stamps will go up AGAIN in April
The cost of a first-class stamp will rise to £1.70 from 7 April, representing an increase of 3 per cent or 5p from the current level. Today marks the sixth rise in first class stamp prices in just three years. International Distribution Services, the owner of Royal Mail, also announced …
Read More »Romanian political crisis delays Czech tycoon’s £3.6bn Royal Mail takeover
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 …
Read More »Can you really profit by banking on the Big Four?
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 …
Read More »ALEX BRUMMER: Royal Mail should learn from Dutch post where Czech Sphinx is also involved
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 …
Read More »Kremlin-linked theme park planned for Oxfordshire
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 …
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