Arcadia tumbles to a £170m loss in ‘dramatically’ changed retail industry

Philip Green’s Topshop and Burton empire plunges to a £170m loss as it falls behind in ‘dramatically’ changed retail industry Arcadia Group includes Topshop, Topman, Dorothy Perkins, Burton and Wallis  Accounts for holding company Taveta show it swung to £170million loss last year Sales across the group slumped by 4.5 per cent to £1.8billion  By Emily … Read more

First-time buyers are skipping flats and buying three bedroom houses instead

More first-time buyers are skipping flats to leapfrog up the property ladder by buying smaller family houses Two thirds of potential first-time buyers are looking for houses rather than flats The average first-time buyer is looking for a house with three bedrooms They need average income of £54,400 to secure a mortgage on their first home … Read more

August car sales down 1.6% despite flood of pre-regs and Tesla Model 3 arrival

New car sales were down by 1.6 per cent in August despite numbers being boosted by a flood of pre-registrations by dealers to beat an emissions deadine – and a flood of long-awaited deliveries of Tesla’s Model 3.   Battery electric vehicle sales ‘surged’ in the month, said the Society of Motor Manufacturers and Traders, with … Read more

TONY HETHERINGTON: Barclays’ delay on mining certificate cost me £10,628 

Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers’ corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. T.M. writes: In 2016, I held shares in mining company Amari through Barclays Stockbrokers. Amari was bought by … Read more

Cynergy Bank launches easy account to replace Virgin Money next to Marcus

Cynergy Bank launches 1.5% easy access account to replace Virgin Money as the only savings provider matching Marcus Virgin Money’s Double Take E-Saver previously paid 1.5% That put it level with Goldman Sachs’ savings account but Virgin has today cut the rate  For a few hours it left Marcus as the 1.5% easy access account offer … Read more

FTSE LIVE: UK manufacturing slides to 7-year low; Channel tunnel firm ‘ready’ for Brexit

FTSE CLOSE: UK manufacturing slides to seven-year low; Channel tunnel firm ‘ready for a no-deal Brexit’; US-China trade war escalates Channel tunnel operator GetLink insists it is ‘ready for a no-deal Brexit’ There was a marked escalation in the US-China trade war overnight The latest UK manufacturing figures show activity slid to a 7-year low … Read more

MIDAS SHARE TIPS: The Dogs of the Footsie 2019 – our tips yield an average of 10% 

A full year has passed since Midas reviewed the Dogs of the Footsie portfolio, assessing the performance of the ten highest-yielding shares in the FTSE 100 index. Back then, the yields seemed little short of extraordinary, especially compared to the desultory 1-2 per cent savings rates on offer from banks and building societies. As the … Read more