All news by author: Lawrence Matheson

975
WH Smith announces plans to open 110 new shops as part of huge expansion
The company said it was particularly boosted by its stores in UK airports, railway stations and hospitals in recent months
1112
Superdry warns investors that things could get worse before they get better
The boss of Superdry has warned that the company's fortunes could still take some time to turn around, as the market is unlikely to "get any easier" in the near-term, as the business said that Christmas had been challenging
1137
On the Beach says it has 'significant momentum' as bookings surge
The business said its strong performance had continued after it had its best-ever summer and opened the financial year with more orders at a record high
945
Wickes expects profits to be at top end of forecasts after trade demand boost
The group's Do It For Me business, which links customers with potential traders, performed particularly weakly over the second half of the year
587
Vodafone and Three proposed merger investigated by UK competition regulator
The planned merger between mobile networks Vodafone and Three is to be formally investigated by the competition regulator
972
Apple unveils sweeping plan to allow rival app stores on iPhones in EU
Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise, but the new choices opening up to consumers and app developers will only be available within Europe to start
1266
Average monthly rent outside London hits new record high, says property website
The average monthly rent being asked outside London reached a record £1,280 in the final quarter of 2023, according to a property website
1091
Levi strauss slashing at least 10% of global workforce in bid to cut costs
Denim giant Levi Strauss & Co. is reducing its global corporate workforce by 10% to 15% in the first half of the year as part of a two-year restructuring plan that seeks to cut costs and simplify its operations
1006
Consumer confidence reaches highest level in two years despite global turmoil
Optimism for the coming 12 months has strengthened, according to a long-running survey
1079
Microsoft cuts 1,900 jobs within its video gaming division, including at Xbox
The cuts will primarily impact roles at recently acquired games developer Activision Blizzard, but some Xbox staff at Microsoft-owned games publisher ZeniMax will also be affected by the cuts
973
Government warned of 'second scandal' involving Post Office
The Government has been warned of a potential "second scandal" involving the Post Office after concerns were raised that subpostmasters were convicted over losses involving another IT system
1402
Culture Secretary says 'thank you' to BP for £50m British Museum donation
Lucy Frazer said organisations should be 'applauded' for giving generously
808
John Lewis slashes redundancy payouts sparking fears of more job cuts
The move has ratcheted up concerns that more job cuts could be imminent at the retail group, which runs the department store chain and Waitrose grocery business
1311
UK 'woefully underprepared' for conflict if steel blast furnaces are closed
The GMB has written to the Defence Secretary saying that losing the ability to make steel from scratch will 'significantly impact' the security of the country's essential defence supply chains
1223
Bank of England and Government issue update on launch of digital pound
The Bank and the Treasury launched a consultation in February last year over the so-called central bank digital currency
578
Fuller's in 'great shape' as pub chain's festive and New year sales jump a fifth
The Chiswick-based company, which runs 370 venues across the UK, told investors that sales jumped 21.6% over the five-week period around Christmas and New Year
568
Halfords had sales dip over Christmas, but profits are still on target
The group said like-for-like retail motoring sales plunged 15.3% in December, which it blamed on the weather and 'customers balancing difficult spending decisions in the lead-up to Christmas'
766
Fever-Tree doubles earnings as US market proves a tonic for the mixers company
The tonic waters and mixers company said it doubled adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the second half of its financial year
797
Haleon to sell ChapStick lip balm brand for £401m as it looks to ease debt
Haleon said the sale to Suave Brands Company, owned by US private equity firm Yellow Wood Partners, will see it receive about 430 million dollars (£338 million), plus a minority stake in Suave valued at around 80 million dollars (£63 million)
1119
Wizz Air to restart flights between UK and Israel in March as losses mount
Most carriers suspended flights to Israel in October following the start of the country's conflict with Hamas
673
UK government faces 'bleakest fiscal challenge since 1950s' as tax hikes loom
The next UK government will face one of the toughest fiscal challenges since the 1950s, with sluggish economic growth and high national debt, according to a report by the Institute for Fiscal Studies
1149
Government has 'no evidence' biomass is not destroying forests, says new report
The UK imported 9.1 million tonnes of wood pellets for energy in 2021
869
One in three mortgage holders with mental health issues cut back on essentials
The YouGov research was carried out for the Money and Mental Health Policy Institute
617
Nearly 3M people to be without a bank branch by end of 2024
Banks and building societies have closed at an alarming rate in recent years, with over 5,800 branches shutting since 2015, the consumer group said
629
UK vehicle production tops one million for first time since 2019
A total of 1,025,474 cars and commercial vehicles were built, an increase of 17% on the previous year, said the Society of Motor Manufacturers and Traders