Cake Box serves up sales and profit growth on back of expansion
The rapid expansion of Cake Box has accelerated as the company unveiled results for its first year as a listed business.
Business
EE fined for sending customers marketing texts without consent
Mobile network operator EE has been fined £100,000 by the UK’s data watchdog for sending millions of direct marketing messages to its customers without consent.
Grocery suppliers call for Amazon to be scrutinised by industry watchdog
Food and drink suppliers have called for online giant Amazon to come under the watch of the grocery industry regulator.
Online retailer MySale puts itself up for sale
Struggling online fashion retailer MySale – previously backed by Mike Ashley and Sir Philip Green – has put itself up for sale, the company said.
Just Eat boosts board with former UberEats executive
Attempts by the bosses of Just Eat to stave off activist investors calling for the food delivery platform to be sold have been given a welcome boost as the company unveiled a new boardroom addition.
Two more board members quit passport-maker De La Rue
Banknote and passport-maker De La Rue has seen two more boardroom members quit just weeks after the chief executive headed for the door.
FirstGroup bosses don’t know how to manage the business, investor claims
The battle between train and bus business FirstGroup and an activist investor who wants to replace several board members, including the chairman and chief executive, heated up on Monday.
£100m drive to help UK firms capitalise on growth in offshore wind industry
UK firms are being told of the “huge opportunities” from the offshore wind industry in the coming years.
Boots to scrap plastic bags in all stores by early 2020
Retail giant Boots has vowed to ditch plastic bags in all its stores by next year, replacing them with paper ones.
Consumer spending predicted to outperform economy
Consumers are set to continue spending despite economic uncertainty over Brexit but could begin to tighten the purse strings over the next two years, according to a new report.
Oddbins in ‘advanced talks’ to secure rescue deal with former owner
Talks are taking place between the former owner of Oddbins and administrators to save the troubled wine retailer and secure the future of hundreds of workers.
Two-thirds of small business owners ‘get sleepless nights over valuations’
Two-thirds of UK small business owners say they get sleepless nights over company valuations, according to new research.
Household energy bills increase by £1.2bn in six months
Households across the country have seen a combined £1.2 billion added to energy bills thanks to 42 price rises in the six months since the Government’s flagship price cap was supposed to end rip-off bills, new research has found.
Five people quizzed in Patisserie Valerie probe, Serious Fraud Office says
Five people have been arrested and questioned over alleged accounting fraud at the Patisserie Valerie chain, the Serious Fraud Office (SFO) has said.
Restaurants must embrace trends like veganism to survive, says tastecard boss
The boss of diners’ club tastecard has warned restaurants against being “complacent” and said they must embrace trends like veganism to help avoid the fate of chains including Jamie’s Italian.
FTSE stays quiet on summer solstice
Investors seemed more interested in enjoying the sunshine on the longest day of the year on Friday, rather than making any money, as markets barely moved.
WPP offloads post-production business
Advertising giant WPP has sold a majority stake in its post-production business, which worked on hits including ITV’s Downton Abbey and the BBC’s Baptise series.
How to spot a fake review online
Would you be able to spot a fake review? Here are some general tips from Which? for avoiding the fakes when shopping online:
UK borrowing increased more than expected in May as spending surged
The Government posted a larger-than-expected budget deficit last month, after a jump in spending.
Greene King profits to hold steady as new CEO takes reins
Pub group Greene King is set to post a small increase in profits next week in the first set of annual results under new boss Nick Mackenzie.
Facebook and eBay urged by watchdog to stop fake review sales via their sites
Facebook and eBay have been urged by the competition watchdog to stop the sale of fake reviews through their sites, after it found “troubling evidence” that there is a thriving marketplace for them.
Aldi to open seven ‘Local’ stores
Discount supermarket chain Aldi is extending its smaller “local” format to seven stores after a successful trial in south London, the company said.
Bank chief dismisses Johnson’s claims over ‘standstill’ after no-deal Brexit
The Governor of the Bank of England has dismissed claims that there can be a standstill trading arrangement after a no-deal Brexit.
Millionaire marketing boss arrested in bond fraud probe
The millionaire boss of a marketing firm at the centre of a £236 million savings scandal has been arrested.
Mike Ashley threatens boardroom coup in Goals Soccer Centres spat
Mike Ashley has threatened directors of Goals Soccer Centres with a boardroom coup after they rebuffed his efforts to hire an investigator of his choice.
Dovish sentiment from central bankers helps FTSE rise
Investors piled into stock markets on Thursday following more dovish statements from central banks across the world.
Millionaire marketing boss arrested in bond fraud probe
The millionaire boss of a marketing firm at the centre of a £236 million savings scandal has been arrested.
Bank governor to back Facebook cryptocurrency as part of digital-focused vision
Bank of England Governor Mark Carney is to give a thumbs up to Facebook and hail a “new economy” built on digital payments, in his annual Mansion House speech.
Monsoon Accessorize asks landlords to cut rents
Monsoon Accessorize has become the latest high street chain to launch a major restructuring as bosses asked landlords for a cut in rents on more than half its stores.
Hargreaves Lansdown chief ‘angered’ by Woodford fund turmoil
The boss of Hargreaves Lansdown has said he is “angered” about the lack of resolution over the shutdown of investor Neil Woodford’s flagship fund.