Hornby steers sale of near 70-year-old toy brand Scalextric for £20m
Hornby has agreed to sell iconic slot car brand Scalextric to Purbeck Capital Partners for £20m, using the proceeds to cut debt and refocus on core brands including Airfix and…
Business
Kibu secures investment offer from Peter Jones and Jenna Meek after Dragons’ Den pitch
Kibu, the circular children’s headphones brand, secures an investment offer from Peter Jones and Jenna Meek on Dragons’ Den, spotlighting repairable tech for kids. Read more: Kibu secures investment offer…
UK car production falls 13.6% in January as exports slide
UK car production dropped 13.6% in January, with exports driving the decline, according to the SMMT. Electric vehicle output also fell as global demand softened. Read more: UK car production…
TSSA calls for ‘urgent change’ in Labour leadership after by-election defeat
Transport Salaried Staffs’ Association (TSSA) has called for Sir Keir Starmer to resign as Labour leader following the party’s defeat to the Green Party in the Gorton and Denton by-election.…
Laundryheap ramps up global expansion with four new market launches
On-demand laundry firm Laundryheap launches in Colombia, Mexico, Malaysia and Scotland, expanding to 28 cities worldwide as it pursues aggressive global growth in 2026. Read more: Laundryheap ramps up global…
IAG unveils €1.5bn share buyback after record profits at British Airways owner
British Airways owner IAG unveils a €1.5bn share buyback after profits jump 22% to €3.34bn, as stronger pricing offsets lower passenger numbers and boosts margins. Read more: IAG unveils €1.5bn…
Rolls-Royce warns UltraFan production could shift overseas without UK backing
Rolls-Royce warns UltraFan narrowbody engine production may move overseas without UK government support, as it seeks up to £200m in funding to compete with US and French rivals. Read more:…
Why Expense Policies Fail: A Deep Dive Into Workplace Psychology
In their most simple forms, expense policies are designed to control costs, ensure fairness and reduce financial risk. On paper, most organisations already have these documents in place, often reviewed…
MPs back Doug Gurr for CMA chair but demand safeguards over conflicts and independence
MPs have approved Doug Gurr as fit to become the next permanent chair of the Competition and Markets Authority (CMA), but warned ministers that additional safeguards are needed to protect…
Ocado to axe 1,000 jobs in cost-cutting drive
Ocado plans to cut 1,000 jobs – around 5% of its workforce – as it seeks £150m in savings amid widening losses and pressure on its global tech model. Read…