Boohoo is set to be renamed as Debenhams Group, marking a pivotal step in new chief executive Dan Finley’s plans to revive the troubled online retailer. Finley, who previously headed Boohoo’s Debenhams business, says he intends to replicate the “marketplace model” across the entire company, underpinned by Debenhams’ profitable growth since Boohoo acquired it out […]
Donald Trump has vowed to purchase a brand-new Tesla in a display of solidarity with Elon Musk, the electric carmaker’s chief executive, whose political influence and role in the US Department of Government Efficiency have sparked widespread protests. The president made his declaration via his Truth Social platform, lauding Musk as a “truly great American” […]
Breadcrumb Trail Links News Economy Balancing weaker economic growth but higher inflation, central bank may trim rate by 25 basis points to 2.75 per cent Published Mar 10, 2025 • 3 minute read Tiff Macklem, governor of the Bank of Canada, at the Hilton Mississauga Meadowvale, on Feb. 21, 2025. Photo by Peter J. Thompson/National […]
The UK’s official company register contracted at the close of 2024, marking the first recorded decline since Companies House began publishing statistics in 2012. There were 5,408,707 businesses listed on the register at the end of December—19,879 fewer than the previous quarter. Meanwhile, the so-called “effective register,” which excludes businesses in dissolution or liquidation, dropped […]
The government is to transform the way it funds and manages AI experiments and digital projects, hoping to cut wasteful spending, drive innovation, and provide more efficient public services as part of its Plan for Change. After a review highlighted that complex funding and approval processes can slow innovation and keep outdated technologies in place, […]
Spanish energy giant Iberdrola has urged Shadow Chancellor Rachel Reeves to reconsider her party’s plans to introduce regional electricity pricing, arguing it could jeopardise billions of pounds of investment in British wind farms. The proposal, championed by Ed Miliband, the Energy Secretary, would replace the national electricity price with a series of regional tariffs determined […]
Bernie Ecclestone has achieved a record-breaking sale with the disposal of his renowned fleet of historic grand prix and Formula One cars, believed to be worth around half a billion pounds. The 94-year-old former Formula One supremo, who amassed these vehicles over five decades, sold the entire 69-car collection to Mark Mateschitz, son of the […]
In a determined effort to retain Nissan’s manufacturing presence in Britain, Business Secretary Jonathan Reynolds has vowed to implement “substantial change” to the country’s electric vehicle (EV) sales targets. Speaking during a visit to Nissan’s sprawling headquarters on the outskirts of Tokyo, Mr Reynolds assured senior executives that the Government was prepared to revise the […]
The UK’s second-hand Tesla market has hit unprecedented levels, with 4,822 used vehicles listed in February alone, according to data from Auto Trader. This figure represents a 36 per cent increase from December and a 70 per cent jump on the same month in 2024, signalling mounting pressure on the electric car pioneer. Industry insiders […]
Breadcrumb Trail Links Electric Vehicles News Autos The rapid decline in Tesla’s shares has pushed them into what chart-followers call an oversold zone Author of the article: Bloomberg News Esha Dey Published Mar 07, 2025 • 2 minute read Any potential Tesla stock rally would also have to overcome investor unease over the company’s valuation: […]