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Kim Kardashian’s Skims hits $5bn valuation
Posted onOsmond ChiaBusiness reporter Getty Images Skims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it has raised $225m (£171.5m) of new funding, bringing its value to $5bn. The company says it plans to use the money from investors, including an arm of Wall Street banking giant Goldman Sachs, to open more shops…
No free bus passes for under 22s, says goverment
Posted onA proposed plan to trial free bus passes for under-22s in England will not go ahead as it is “unaffordable” at the moment, the government has said. The trial was one of a number of recommendations put forward by the Transport Committee, a cross-party group of backbench MPs, in a report this August – with…
Removed Ben & Jerrys chair says Magnum aimed to smear her
Posted onThe ousted chair of Ben & Jerry’s has accused the company which owns the brand of threatening to launch a public smear campaign against her. Anuradha Mittal, who chaired Ben & Jerry’s independent board for seven years, told the BBC that Magnum had threatened to publish “defamatory statements” about her if she did not step…
HMRC phone lines stay open as self-assessment tax deadline looms
Posted on“Making Tax Digital is the biggest tax change since self assessment and, with just over two months to go, time is running out to get ready,” said Victoria Todd, of the Low Incomes Tax Reform Group, which has produced a guide for those unsure of the changes.
Annual energy bills predicted to fall by £22 in January
Posted onArchie MitchellBusiness reporter PA Media Household energy bills are expected to fall slightly in the new year before rising again in April, according to consultancy Cornwall Insight. The forecaster expects the annual bill for households using a typical amount of gas and electricity will be £1,733 between January and March, when the latest energy price…
What are tariffs, how do they work and why is Trump using them?
Posted onGetty Images US President Donald Trump has introduced tariffs on goods reaching it from countries around the world. Trump argues that the move will boost American manufacturing and create jobs, but critics warn of higher prices and damage to the global economy. But he has also used the taxes to make other demands, and has…
