Category: News

May 31

Lady Bamford’s Daylesford Organic Faces Mounting Losses

Lady Bamford’s renowned farm shop, Daylesford Organic, has reported a significant financial downturn, posting a £3.6 million loss last year as customers increasingly turned away from its premium products. This sharp decline comes after a modest loss of £291,000 the previous year, marking a troubling reversal from the company’s pandemic-era growth and profitability. Daylesford Organic, […]
May 31

CMA Launches Probe into Nationwide’s £2.9bn Takeover of Virgin Money

Britain’s competition watchdog has commenced an investigation into Nationwide’s £2.9 billion acquisition of Virgin Money, examining potential anti-trust concerns. The Competition and Markets Authority (CMA) confirmed the probe on Friday, setting a July 26 deadline for its initial decision. The CMA’s investigation will assess whether the merger could reduce competition within the banking sector. The […]
May 31

Hunt Pledges to Safeguard Key Royal Mail Services Amid £3.6bn Takeover

Chancellor Jeremy Hunt has urged regulators to rigorously scrutinise Daniel Kretinsky’s proposed £3.6 billion takeover of Royal Mail, amidst concerns about a potential break-up of the iconic postal service. Hunt emphasised the importance of extending the safeguards currently promised by Kretinsky beyond their initial periods. Speaking to LBC, Hunt highlighted the possibility of extending the […]
May 31

UK Finance Urges Post-Election Government to Prioritise Growth and Fraud Prevention

UK Finance, the prominent banking trade association, has issued a call to action for the incoming government to implement policies that will spur economic growth and enhance financial engagement. Their financial services manifesto outlines key initiatives aimed at addressing critical issues such as financial education, fraud prevention, and support for net-zero investments. A major proposal […]