Anna Wise

Beer and cider maker C&C has announced its boss will be stepping down after just one year at the helm (C&C Group/PA)
Business News
19m

Boss of Magners maker C&C steps down after overseeing accounting failures

Patrick McMahon will leave the role immediately, having stepped up from his position as finance chief to become chief executive in May last year.
7 Jun 2024
Tandem Bank has reported stronger earnings as it said customers were switching to the green-focused digital bank (Alamy/PA)
Business News

Tandem Bank grows savings as ‘green-savvy’ consumers switch to bank

Tandem, which launched a decade ago and offers savings and loan products, grew its customers and savings balances last year.
7 Jun 2024
<p></p>
Business News

UK retailers suing Amazon for damages up to £1.1bn in ‘watershed’ case

The British Independent Retailers Association (Bira) said it was the biggest collective action ever launched by UK retailers.

6 Jun 2024
Simply Be owner N Brown has returned to profit (N Brown/PA)
Business News

Simply Be owner N Brown returns to profit despite weaker consumer demand

Shares in N Brown soared by nearly a fifth after it revealed it had shored up its balance sheet over the past year.
6 Jun 2024
Chief executive Paul Thwaite said he wanted to digitise and automate more of the bank’s engagement with customers (Matt Crossick/PA)
Business News

NatWest boss sets out plans to drive more automation across bank

Chief executive Paul Thwaite spoke about plans to simplify how the business was run and reduce costs.
6 Jun 2024
Outsourcing giant Mitie has reported record-high annual sales (Ed Robinson/OneRedEye/PA)
Business News

Outsourcing giant Mitie reports record sales amid AI-led security projects

The FTSE 250-listed company works with major firms in the UK and globally for services such as cleaning, security, engineering, and building work.
6 Jun 2024
Ocado has been kicked off the FTSE 100 (Kirsty O’Connor/PA)
Business News

Ocado kicked off FTSE 100 while Darktrace secures ‘short-lived’ promotion

Analytics group FTSE Russell confirmed the changes in the latest quarterly review, which will come into effect on Monday June 24.
5 Jun 2024
More people are pawning jewellery amid a lack of quick credit options, Ramsdens said (Ramsdens/PA)
Money

More people pawning jewellery amid lack of quick credit options, Ramsdens says

The retailer and lender, which has 167 stores across the UK, revealed higher profits in recent months.
5 Jun 2024
Zara owner Inditex is enjoying a spring sales boost after a bumper year (Alamy/PA)
Business News

Fashion giant behind Zara enjoys spring sales boost after bumper year

Inditex said its global sales reached 8.2 billion euros (£) between February and April, 7.1% higher than a year ago.
5 Jun 2024
<p>B&M</p>
Business News

Budget retailer B&M enjoys higher sales after opening nearly 50 new stores

B&M European Value Retail said the past year was a turning point in its ambitious expansion plans.
5 Jun 2024
WeWork has hailed the end of a ‘painful’ process of restructuring its office spaces in the UK and Ireland (Jonathan Brady/PA)
Business News

WeWork hopes to turn a corner after ‘painful’ global restructuring

The office sharing company said it had trimmed its offices in the UK and Ireland and was focusing on 40 profitable locations.
5 Jun 2024
British bank Standard Chartered is facing fresh allegations that it facilitated billions of dollars worth of banking transactions for Iran and terrorist groups, in new court documents filed in the US (Finsbury/PA)
UK

Standard Chartered faces fresh claims of handling payments for terror groups

Whistleblowers are attempting to reopen a case in the US against the British bank with what they claim is newly uncovered evidence.
4 Jun 2024
British American Tobacco has cautioned over waning cigarette sales in the US (BAT/PA)
Business News

Lucky Strike maker BAT warns over illegal disposable vapes in the US

The Lucky Strike and Dunhill cigarette maker said that the economic environment was showing signs of recovery but American consumers remain stretched.
4 Jun 2024
TGI Fridays owner Hostmore said its sales have waned this year (Lynne Cameron/PA)
Business News

TGI Fridays owner Hostmore scraps second cocktail bar brand after three years

The UK firm said the remaining 63rd+1st bar in Glasgow will shut down at the end of month.
3 Jun 2024
BAT will give shareholders an update on its trading performance on Tuesday (Alamy/PA)
Business News

British American Tobacco sales in focus amid UK and US smoking ban uncertainty

BAT will give shareholders an update on its trading performance on Tuesday amid major smoking bans being considered in the UK and US.
3 Jun 2024
Blackstone has upped its bid for Hipgnosis Songs Fund by one cent (Ben Birchall/PA)
Business News

Blackstone offers one extra cent to buy Hipgnosis as takeover nears

The two businesses had previously agreed to a deal that will see Hipgnosis taken off the public markets.
3 Jun 2024
Santander is the latest victim of a cyber attack (John Stillwell/PA)
Business News

Santander staff and customer data stolen in major cyber attack

A hacking group was reportedly behind a similar data breach of Ticketmaster which emerged earlier this week.
31 May 2024
UK stock markets outperformed European peers on Friday (John Stillwell/PA)
Business News

UK stocks rise amid fresh global inflation data

The FTSE 100 moved 44.33 points higher, or 0.54%, to close at 8,275.38.
31 May 2024
Swiss banking giant UBS has completed its takeover of Credit Suisse (Alamy/PA)
Business News

End of the road for Credit Suisse as UBS completes historic merger

UBS said on Friday that it had achieved a ‘significant milestone’ in merging the two banks.
31 May 2024
Investors will be hoping British American Tobacco can show it is continuing to reinvent itself (BAT/PA)
Business News

British American Tobacco sales in focus amid UK and US smoking ban uncertainty

BAT will give shareholders an update on its trading performance on Tuesday amid major smoking bans being considered in the UK and US.
31 May 2024
London’s FTSE 100 has clawed back some of its losses from a downbeat week (Nick Ansell/PA)
Business News

FTSE 100 edges higher after slow start to the week

The UK’s top share index was up 47.98 points, or 0.59%, to 8,231.05.
30 May 2024