Fashion store closures dent May retail spurt | City & Business | Finance

Retail sales volumes rose for a second straight month in May, growing by 1.3 per cent from the previous month compared with forecasts of 0.5 per cent, according to the Office for National Statistics. Compared with a year earlier, the amount of goods purchased jumped by 3.9 per cent, while in the three months to May volumes grew by 0.9 per cent from More...

by admin | Published 1 week ago
By admin On Thursday, June 14th, 2018
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Bitcoin price news: Is Bitcoin still falling? Cryptocurrency latest | City & Business | Finance

A hack on a South Korean exchange appears to have knocked investor confidence, causing the cryptocurrency market to continue to dip in value.  A popular exchange named CoinRail suffered an attack on Sunday, More...

By admin On Wednesday, June 13th, 2018
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New Look value styles ‘to stem £234m losses’ | City & Business | Finance

These also included inconsistent pricing between stores and online offerings as it took on online-only rivals and being too slow to capitalise on key trends. But executive chairman Alistair McGeorge, brought More...

By admin On Tuesday, June 12th, 2018
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Poundworld is latest high street casualty | City & Business | Finance

The budget retailer appointed Deloitte as administrators, casting doubt over the future of its 335 stores and 5,100 jobs. Last-ditch rescue talks with R Capital broke down over the weekend. Poundworld’s More...

By admin On Monday, June 11th, 2018
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Poundworld set to enter administration: 355 stores risk closure and 5,300 jobs threatened | City & Business | Finance

Talks broke down over the weekend as Poundworld tried to broker a rescue deal with private equity firm R Capital. The budget retailer is now calling in administrators at Deloitte. It is understood that Poundworld’s More...

By admin On Sunday, June 10th, 2018
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Bitcoin latest: Whales with $37.5bn holdings scoop up THIRD of crypto market | City & Business | Finance

Data from blockchain research company Chainalysis showed in April there were 1,600 bitcoin wallets held by investors, all of which contained 1,000 of the alt-coin each. The unidentified ‘whales’ scooped More...

By admin On Saturday, June 9th, 2018
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Litecoin news: Cryptocurrency on brink of greatness could spark global trading BOOM | City & Business | Finance

The open-sourced peer-to-peer online currency, which is inspired by Bitcoin, enables instant, near-zero cost payments to anyone in the world. The global cryptocurrency market has struggled to stay in the green More...

By admin On Friday, June 8th, 2018
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Russia news: Putin snubs hope of country having its own cryptocurrency | City & Business | Finance

He made the comments during his annual live question and answer session with the Russian public, in which he discussed topics including the prospect of a Third World War; the conflict in Syria; the US trade More...

By admin On Thursday, June 7th, 2018
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Pound US dollar exchange rate: GBP two-week high despite Brexit backstop fears | City & Business | Finance

This means the pairing has steadily appreciated since a dip to around $1.330 seen on 4 June. This pound appreciation has mainly been caused by US dollar weakness. There are concerns that Brexit Secretary David More...

By admin On Wednesday, June 6th, 2018
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Pound dollar exchange rate: Sterling on rise as Mexico threatens USA with tariff retaliati | City & Business | Finance

Today’s data calendar for the UK is rather sparse, but Sterling has still managed to find support from yesterday’s highly significant UK services PMI, which smashed forecasts by rising from 52.8 to a robust More...

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