Harvey Nichols Suppliers Wary After Frasers Group Takeover
Business & Markets • a month ago
Brands express concerns over late payments and potential losses following Mike Ashley's acquisition of the luxury department store.
Business & Markets News
Ultra-Wealthy Renting London Homes at Sky-High Prices Amid Tax Fears
Business & Markets • a month ago
High stamp duty and potential new property taxes are driving affluent individuals to lease luxury properties rather than purchase them.
Wealthy Individuals Rent London Homes at Extortionate Rates to Avoid Property Taxes
Business & Markets • a month ago
Ultra-rich buyers are opting for weekly rentals up to £40,000 to circumvent high stamp duty and potential future levies.
Diageo's Pension Fund Solved Hole With Maturing Whisky
Business & Markets • a month ago
The spirits giant utilized millions of barrels of maturing Scotch whisky to address a significant deficit in its retirement scheme.
AI Boom Could Drive Up Interest Rates, Bank of England Insiders Warn
Business & Markets • a month ago
A surge in productivity fueled by artificial intelligence may lead to increased spending and investment, potentially driving up inflation and prompting central banks to tighten monetary policy.
Finance Professionals Express Unease Over AI's Impact at Exclusive Retreat
Business & Markets • a month ago
Concerns about artificial intelligence dominated discussions at a secluded Wall Street gathering, overshadowing traditional outdoor activities.
Quince Faces Scrutiny Over Sustainability Claims Amid Rapid Growth and Lawsuits
Business & Markets • a month ago
The online retailer, valued at $10 billion, is under fire for alleged copycat designs and a lack of transparency regarding its eco-friendly practices.
Red Lobster Revives 'Endless Shrimp' Promotion Amid Financial Restructuring
Business & Markets • a month ago
The seafood chain is bringing back the popular, yet costly, promotion after a previous iteration contributed to its bankruptcy filing.
David Beckham Applies to Trademark Rose Created by Daughter Harper
Business & Markets • a month ago
The application seeks to protect the 'Sir David Beckham Rose' and ensure its continued sale, with proceeds benefiting a royal charity.