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Up to 150 ex-WHSmith high street stores to close as rescue deal approved
The owner of TG Jones, WH Smith’s former High Street business, has won approval for a sweeping restructuring which will see up to 150 shops close as well as steep rent cuts on most of the remaining stores. Modella Capital bought the chain stores last year and they were then rebranded under the name TG…
PwC says young recruits are hungry for careers and plans to hire more graduates
The government had hit business too hard when it raised employers’ National Insurance contributions in autumn 2024, followed by bigger than expected rises to minimum wage rates, and new employment rights, which had deterred businesses from hiring, investing and growing, he said.
The Swiss city that lets you pay for most things with bitcoin
John LaurensonBusiness reporter, Lugano, Switzerland AFP via Getty Images Shops and restaurants across the Swiss city of Lugano now accept bitcoin In a McDonald’s by a lake surrounded by mountains, in the centre of the Swiss city of Lugano, a customer orders coffee. “Can I pay with bitcoin?” he asks, and the person behind the…
Food price rises slow as UK inflation remains at 3.8%
Charlotte EdwardsBusiness reporter, BBC News Getty Images Food inflation fell, according to the latest figures Food and drinks prices in the UK are increasing at their slowest rate in more than a year, while overall inflation remains unchanged for the third month in a row. Month-on-month, the cost of food and non-alcoholic drinks actually edged…
