Category: Bussiness

Shein, the controversial fast fashion giant whose popularity soared during Covid, may soon tighten its ties with the UK with plans to sell shares in the business on the London Stock Exchange. The Chinese firm could file the relevant paperwork as soon as this week, potentially valuing the company at $66bn (£51.7bn). Shein’s formula of...

ENTREPRENEURS looking to grow and scale their businesses are being urged to apply to join one of the UK’s leading accelerators, as NatWest prepares to welcome a record number of new businesses on its accelerator programme in September. Up to 2500 places will be available for free to entrepreneurs. NatWest Group is the biggest bank...

Launching his plans for Great British Energy, a state-owned clean power company, Sir Keir Starmer promised the new entity would reduce bills, create jobs and deliver increased energy security. Specifically, Labour’s press release for an idea first announced in October 2022 said: “Great British Energy will cut energy bills for good, as families face the...

A company in East Sussex has been handed the title of Britain’s best small business name. Locksmiths Surelock Homes in Hastings has beaten the likes of Manchester’s Tikka Chance On Me and Fife’s Prints Charming to claim the title and £2,500 cash prize. More than 2,500 people voted for their favourite name in the competition, launched...

Life comes at you fast if you are the person responsible for maintaining the shareholder register at NatWest. Until last week, it was hoped that the bank would be at the centre of Jeremy Hunt‘s plans to get millions more Britons investing in the stock market. Money latest: Income growth ‘worst in generations’ The chancellor...

Labour would kickstart the creation of green energy projects across the country within months if elected, the party has said. The party plans to create a publicly owned company called Great British Energy. Labour leader Sir Keir Starmer said investing in the production of domestic clean energy would cut bills. But the SNP said the...

The establishment of Great British Energy is among the last remnants of the ‘green prosperity plan’ devised and championed by Ed Miliband, the shadow secretary of state for energy security and net zero, three years ago. The former Labour leader’s vision was to spend £28bn per year in the first five years of an incoming...

Dr Martens has reported another sharp fall in profits following a “challenging year” for the business. The struggling company said global pre-tax profits in the 12 months to March were £97m – a fall of almost 43% on the previous year. Revenue also dipped 12% to £877m – down from just over £1bn in 2022/23....

Budweiser has had to clarify a claim on its website that its beer is brewed using “100% renewable” energy after a complaint. The complaint was “informally resolved” by the advertising regulator, the Advertising Standards Authority (ASA), meaning the brewer agreed to substantiate the statement and detail fossil fuel use, and the issue was not made...

Blackstone, the world’s most prolific private equity investor in real estate, has roared into the £850m auction of Village Hotels, the mid-market hotel chain. Sky News has learnt that Blackstone, which owns property assets in Britain worth billions of pounds, has tabled an offer to buy Village. City sources said on Wednesday that Sixth Street,...

AT A recent networking seminar hosted by Vattenfall IDNO UK, developers representing PV and BESS projects flagged grid issues as the primary obstacle to achieving the UK’s fast-approaching net zero deadline. Hitting net zero emissions by 2050 is a formidable goal, but for many developers in the energy sector, one challenge looms larger than most:...