Metro Bank has raised £375mn ($478mn) to repair its balance sheet, giving the British bank breathing space ahead of a potentially fractious annual meeting tomorrow. The nine-year-old challenger bank’s market value fell more than £1.5bn after disclosing in January it had under-reported the risk of its loan...
British retail tycoon Philip Green’s Arcadia Group recently announced plans to close 23 of its 566 UK-Irish stores in a major restructuring of the fashion business that may also see its Topshop/Topman stores close in the United States. Arcadia said it had instigated seven company voluntary arrangements...
British retailers reported that their sales fell at the gentlest pace in six months in October but uncertainty about Brexit contributed to the highest stock levels on record, an industry survey showed. The Confederation of British Industry said on Monday its monthly index of reported sales rose...