Smartphone Trade-Ins at 1,300 UK Stores for Instant Cash
UK households can now exchange unused smartphones for cash at over 1,300 Timpson stores nationwide through a partnership with MusicMagpie, offering instant valuations and payments.
Category : Business
B&M Third Profit Warning as CEO Warns on Turnaround
Discount retailer B&M has issued its third profit warning since October, cutting earnings guidance to £440m-£475m amid declining UK sales and ongoing transformation efforts.
£20 Heated Vest Sells Fast as Winter Shoppers Ditch Coats
A heated vest previously priced at £80 is now available for under £20, including a power bank, offering an affordable way to stay warm this winter as sales surge.
HMRC Introduces Points System for Late Tax Returns
HMRC is replacing automatic fines for late self-assessment tax returns with a points-based penalty system, increasing fines to £200 for persistent offenders under new rules.
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UK Government Borrowing Drops to £11.6bn
Public sector borrowing decreased by £7.1bn compared to December 2024, but remains historically high, with experts warning about long-term economic risks.
Future Plc Buys SheerLuxe in £40m Deal
Bath-based media giant Future Plc has acquired digital fashion and lifestyle brand SheerLuxe for £40 million, aiming to diversify its audience and enhance content monetisation strategies.
McDonald's loyalty scheme changes spark backlash
McDonald's is increasing the points required for free food in its MyMcDonald's Rewards programme, with customers expressing frustration over the changes set for March.
Brits Losing £623 by Not Switching Savings Accounts
New research reveals 43% of British savers fail to switch accounts for better rates, costing them hundreds in lost interest annually.
Nationwide Cuts Rates on 37 Savings Accounts
Nationwide Building Society is reducing interest rates on 37 savings products, with cuts from 0.15% to 0.25%, effective from February 10, 2026.
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£74m Secured for Bristol's Canons Wharf Redevelopment
A £74 million loan will transform Bristol's Grade-II listed Canons Wharf, former Lloyds HQ, into a sustainable mixed-use development with offices, dining, and green amenities.
Kitwave Agrees £251m Takeover by US Private Equity
North East-based wholesaler Kitwave has accepted a £251m takeover bid from US private equity firm OEP, marking a new chapter for the business that began in 1987.
Barclays Moves European HQ from Dublin to Paris
Barclays Europe has initiated formal legal processes to relocate its headquarters from Dublin to Paris following a strategic review, affecting over 20 million customers across the continent.
UK Borrowing Hits £140.4bn, Exceeding OBR Forecast
Official figures reveal UK public sector borrowing reached £140.4bn this financial year, exceeding OBR forecasts amid ongoing fiscal challenges for Chancellor Rachel Reeves.
Millions Overpaying Tax on Pensions, Experts Warn
Millions of UK households are paying excessive tax to HMRC by failing to claim pension tax relief, with the self-assessment deadline approaching on January 31.
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Nationwide's 30-Month 0% Balance Transfer Card Launch
Nationwide Building Society introduces its longest-ever 30-month interest-free balance transfer credit card offer, extending flexibility for customers managing finances amid cost-of-living pressures.
Slingsby Gin Maker Enters Administration in Harrogate
Spirit of Harrogate Limited, the company behind the popular Slingsby Gin brand, has collapsed into administration, citing rising costs and difficult trading conditions affecting the hospitality sector.
Ovo Energy to Pay £2.7m Over Discount Delays
Energy firm Ovo will compensate thousands of customers after delays to government-backed warm home discount payments left vulnerable households without support during winter months.
OVO to Pay £400 After Missing Discount Deadline
Energy supplier OVO will compensate thousands of customers with £400 payments after failing to deliver Warm Home Discount rebates on time, with regulator Ofgem calling the delays unacceptable.
Malin + Goetz UK Collapses, All Stores Shut
Major US skincare brand Malin + Goetz closes all UK stores immediately after British arm enters administration, resulting in over 70 job losses across London locations.
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Joanie Clothing Shuts Down Permanently
Major UK fashion brand Joanie Clothing has permanently closed, halting all online orders due to adverse trading conditions including Brexit, Covid, and economic uncertainty.
33 Stores at Risk as Next Buys Russell & Bromley
Next's £3.8m rescue of Russell & Bromley puts 33 stores and 440 jobs at risk. The full list of affected locations across the UK and Ireland has been revealed.
HMRC Swaps Fines for Points System in Tax Trial
HMRC introduces a penalty points system replacing fines for late tax returns, starting with 100 taxpayers in the Making Tax Digital trial this month.
Amazon Earbuds Drop 82% - Shoppers Impressed
Wireless earbuds with premium features like noise cancellation and 10-hour battery life have been reduced from £129.99 to just £22.99 on Amazon, earning high praise from early reviewers.
Asda to Outsource George.com Delivery to DHL
Supermarket chain Asda plans to transfer George clothing brand's online delivery operations to DHL from 2027, potentially affecting 1,200 employees across three UK distribution centres.
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Bullring Store at Risk as Russell & Bromley Collapses
A major footwear and handbag retailer with a store in Birmingham's Bullring has collapsed into administration, putting 33 UK stores and hundreds of jobs at risk.
Coffee, Sugar and Butter Drive UK Food Inflation Higher
UK food inflation hit 4.5% in December, with sugar and confectionery prices soaring 10.2%, contributing to an unexpected rise in overall inflation to 3.4%.
Amazon's £25 Dehumidifier Fights Winter Damp
Shoppers praise the compact Aroeve Dehumidifier, now under £25 on Amazon, for effectively tackling condensation and mould in wardrobes, cupboards, and small rooms.
WRU's £55m Debt Deal with HSBC and Goldman Sachs
The Welsh Rugby Union has refinanced its debt with a new £55m facility from HSBC and Goldman Sachs, replacing previous arrangements with NatWest and the Welsh Government.
State Pension Deferral Can Add £694 Yearly
UK pensioners can increase their State Pension by £694 per year for life by deferring claims, with experts advising careful consideration of Pension Credit eligibility.
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Currys Shares Rise as Christmas Sales Beat High Street Gloom
Currys shares surged after reporting 3% UK revenue growth and 12% Nordic sales jump over Christmas, with profit guidance upgraded amid high street struggles.
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