A Thai retailer and an Austrian property company have bought Selfridges for an estimated £4bn ($5.36bn). Thailand’s Central Group and Austrian real estate company Signa Holding already jointly own major… The post Selfridges sold for £4bn to Thai and Austrian bigwigs appeared first on London Business News | Londonlovesbusiness.com.
The comedian and magician Tommy Cooper was fond of telling a gag about how he once received a compliment from someone about his driving, because they had stuck a sign… The post Why are Metro Bank’s shares looking so cheap? appeared first on London Business News | Londonlovesbusiness.com.
The Prudential Regulation Authority has fined Metro Bank £5.4m for reporting failings between May 2016 and January 2019. “In the years before the 2019 announcement, Metro Bank pursued a rapid… The post Metro Bank slapped with £5m fine over reporting failures appeared first on London Business News | Londonlovesbusiness.com.
UK gross domestic product (GDP) is estimated to have increased by 1.1% in Quarter 3 (July to Sept) 2021, revised from the first estimate of a 1.3% increase, according to… The post UK economy was struggling to accelerate even before Omicron appeared first on London Business News | Londonlovesbusiness.com.
The FCA will consult on creating a redress scheme to compensate thousands of people advised to transfer out of the British Steel Pension Scheme. The regulator has written to firms… The post FCA to consult on British Steel pension transfer redress scheme in 2022 appeared first on London Business News | Londonlovesbusiness.com.
Nationwide’s customers are suffering payment delays which left some worried about receiving their wages just before Christmas. “We apologise for the delays that members have experienced in sending and receiving… The post Nationwide customers hit by payment delays appeared first on London Business News | Londonlovesbusiness.com.
Wholesale gas prices for the UK and continental Europe have hit all-time highs, putting pressure on suppliers and energy users. The day-ahead price of UK gas hit 457p per therm,… The post Gas prices hit record levels appeared first on London Business News | Londonlovesbusiness.com.
The worst performing IPO of 2021 is going from bad to worse. Parsley Box is getting ready to go cap in hand to investors to ask for more money to… The post Parsley Box readies cash call appeared first on London Business News | Londonlovesbusiness.com.
The FTSE 100 took a modest step back on Wednesday as UK third quarter growth figures came in short of expectations, dragged lower by weak exports. Investors are preparing to… The post FTSE 100 trades modestly lower as UK GDP disappoints appeared first on London Business News | Londonlovesbusiness.com.
Government borrowing for November was £4.9 billion less than a year ago, according to official figures out today. Tax receipts were up by £1.6 billion but outgoings were still £17.4… The post Borrowing figures indicate chancellor has scope to help out appeared first on London Business News | Londonlovesbusiness.com.
