Back to banking basics at Goldman Sachs
T his week Goldman Sachs retreated somewhat from its plan to sell financial products to the man in the street. It is selling a personal financial management division in the …
BUSINESS
Lego earnings plunge 19% in tougher toy market
T oy giant Lego has seen half-year earnings tumble by nearly a fifth as the boom in demand seen during the pandemic faded. The Danish group reported a 19% fall …
City shake up to boost growth firms and unleash investment in unicorns of tomorrow
C ITY traders are launching a market that will make it easier for big investors to buy shares in unlisted companies, potentially ending decades of frustration and aiding calls from …
Frasers Group increases stake in Boohoo to 9.1%
M ike Ashley’s Frasers Group has upped its stake in fashion firm Boohoo in the latest move to boost its holdings in online retail players. The company behind Sports Direct …
Mortgage approvals slump as interest rate hikes take their toll
Latest figures from the Bank of England show there were 49,400 net mortgage approvals last month, down from 54,600 in June. The number of home loans getting the green light …
Mortgage approvals slump as interest rate hikes take their toll
Latest figures from the Bank of England show there were 49,400 net mortgage approvals last month, down from 54,600 in June. The number of home loans getting the green light …
Take care when copying people into emails, information commissioner warns
T he information watchdog has warned businesses to limit their use of Bcc when they send emails. The function, which allows a sender to send an email to several recipients …
Superdry shares suspended after audit delays
F ashion business Superdry has had its shares suspended after delays to publishing its latest financial results. The retailer and clothing brand had been required to publish its results for …
In store shopping leads sales growth at The Works, but profits lower
H igh street shoppers have helped offset declining online sales at The Works, the stationery and books retailer showed as it recorded full-year revenue growth. The chain, which has 526 …
Ticket office closure plans spark fresh safety concerns from rail unions
R ail unions have raised fresh safety concerns over the closure of ticket offices ahead of a protest on the eve of the final day of consultation on the controversial …