SHARES in B&Q owner Kingfisher plunged more than 12% as it became the latest major retailer to warn that the rise in employer national insurance contributions have a significant impact on the business, costing it around £31 million.
THAT Asda has called in the cavalry in the form of its former chief executive Allan Leighton in a bid to halt a slump in sales is surely a shrewd move by the supermarket group. It is also an unexpected one – or at least it came as a shock to the retail industry.
NATWEST has moved to reduce the UK Government’s stake in the bank after buying back a significant tranche of shares from the Treasury in what it described as a “another important milestone”, it was announced this morning.
THAT NatWest is powering ahead to buy back HM Treasury’s stake in the “Big Four” bank signals a determination on its part to take advantage of its current robust performance.
IT was a UK Budget that made history as the first to be delivered by a female Chancellor – Rachel Reeves – and the first by a Labour government for 14 years, but for the Scotch whisky industry it was not one overflowing with cheer or positivity.
RETAILER Frasers Group has called on the online fashion group Boohoo, in which it holds a 27% stake, to appoint the high-profile Mike Ashley as chief executive, saying this would solve the “leadership crisis” at the business.
INDEPENDENT company Acumen Financial Planning won a prestigious industry award for the third time.
Frasers calls for Mike Ashley to be appointed Boohoo CEO
Deltic revises North Sea plans as it targets overseas opportunities
Oil and gas firm’s strategy weighs ‘political risk’ amid sector challenges
