Just thought I'd check some of the recent business news...
"William Hill swung to a loss last year amid challenges to its betting shops on the UK high street. The company moved to a pre-tax loss of £721.9 million compared to a profit of £146.5 million the prior year. The bookie is also remodelling its retail division to account for the new £2 stake limit on fixed odds betting terminals which comes into force in April this year."
"A fashion brand favoured by the Duchess of Cambridge is set to file for administration, putting up to 500 jobs at risk. High street fashion house LK Bennett is said to be filing a notice of intention to appoint administrators."
"Gap is closing more than 200 stores as part of a worldwide restructuring programme.The retailer's San Francisco-based parent company, Gap Inc, is splitting into two companies, one of which will consist of the eponymous brand and others including Banana Republic."
"Aston Martin’s flotation is turning rapidly sour for the luxury carmaker after its shares crashed more than 20% as it revealed a £136m bill to secure its stock market listing pushed it to a £68m annual loss. James Bond’s favourite car brand has lost £1.8bn in value – or 42% of its worth – since its stock market debut in October last year."
"Tesla is set to close all of its stores in a cost-cutting measure so it can sell its Model 3 for a reduced starting price of $35,000 (£26,400). The California-based firm's cars will now only be available online."
"Thousands of Britain's most vulnerable people are losing out on help to pay their council tax, a charity has warned.Turn2us said many pensioners are no longer receiving help because of the council's ongoing shift to digital-only services. It warned the new rules are locking out those who need financial aid the most - and as a result, pushing people into poverty."
"The decision by Honda to shut its Swindon factory by 2022, expected to be confirmed as early as Tuesday, throws into doubt 3,500 direct jobs, at a site responsible for about one in every 10 cars made in the UK last year. Thousands more jobs are at risk in the supply chain and associated businesses."
"Families' confidence about their finances has slumped to its lowest level in nearly a year, a major survey has revealed. The study by research group IHS Markit found there is deepening gloom about the future amid political turmoil over Brexit."
However..all in not lost...
You do not have the required permissions to view the files attached to this post.