Business

UK shares slip amid Brexit political turmoil

Image copyright Getty Images The UK stock market has gone into reverse amid the political fall-out from Theresa May’s Brexit plan. The FTSE 100 share index has fallen 0.7% to 6,987.88, with shares in UK-focused stocks such as banks and housebuilders continuing to slide. However, the pound – which suffered its biggest fall for two […]

Business

Publisher pulls plug on ShortList magazine

Image copyright ShortList ShortList, which claims to be UK’s biggest men’s magazine, is being axed by its publisher as advertising continues to move online. The magazine will stop publishing its free print edition, which has a circulation of about half a million copies, but live on online. Its publisher has been renamed the Stylist Group […]

Business

Search starts for next National Lottery operator

Image copyright PA Potential bidders for the National Lottery are being sought by the Gambling Commission ahead of the current licence ending in 2023. The commission said it would be seeking the “best ideas, innovations and experiences” to create a lottery fit for the future. It wants the next operator to “maximise returns to good […]

Business

Pound and UK shares hit by Brexit turmoil

Image copyright AFP The pound and shares in housebuilders and banks have fallen sharply after Cabinet ministers Dominic Raab and Esther McVey quit over Prime Minister Theresa May’s draft Brexit deal. Royal Bank of Scotland sank 9%, with similar falls for Persimmon, Taylor Wimpey and Barratt Developments. Those declines dragged the FTSE 100 share index […]

Business

Asda revival continues as sales rise again

Image copyright Reuters Asda’s sales jumped 2% in the three months to September as the recovery of the Walmart-owned supermarket continued. The result marked the sixth consecutive quarter of rising like-for-like sales, which strip out the effect of new stores. The retailer attributed the rise to the strength of its own-label brands. Asda has a […]

Business

UK retail sales hit by mild autumn

Image copyright Getty Images Retail sales fell by a worse-than-expected 0.5% in October, after a mild autumn hit sales of winter clothes. Sales at household goods stores also fell 3% following a particularly strong August and September, the Office for National Statistics (ONS) said. For the three months to October, retail sales rose 0.4% – […]

Business

House of Fraser to shut another four stores

Image copyright PA House of Fraser (HoF) is closing four more stores, all based in major shopping centres. The department store chain, bought out of administration in August by Mike Ashley’s Sports Direct, will shut its Lakeside, Metrocentre, Norwich and Nottingham outlets in the New Year. Mr Ashley said the landlord, Intu Properties, had been […]