Arcadia collapses into administration
Arcadia, the retail group which owns Topshop, Topman, Miss Selfridge, Dorothy Perkins, Evans and Burton, has gone into administration, putting 13,000 jobs at risk. No redundancies were announced as an immediate result of the collapse of Sir Philip Green’s retail empire and Arcadia’s stores and websites will continue to trade for the time being. Arcadia […]
Moderna releases vaccine update
Pharmaceutical firm Moderna has released another tranche of data relating to the effectiveness of its COVID-19 vaccine, with introduction of the jab expected in the UK and US before the end of the year. Final analysis of data from a trial involving 30,000 participants showed the vaccine was more than 94% effective in preventing COVID-19 […]
Mortgage approvals at highest level in 13 years
Mortgage approvals at highest level in 13 yearsWith Bank of England figures showing that 97,500 home loans were approved by lenders in October, UK mortgage approvals are now at the highest level since 2007. The Bank said approvals for home loans were more than 5,000 higher than in September and a third higher than in […]