Category: Business

Isabella Vrana has turned selling second-hand clothes online into a business Second-hand clothes have come a long way from the festive round in the old charity shop. Buying and selling “pre-loved” clothes is now a huge industry, thanks in part to online companies – or marketplaces – such as Depop, Vinted and eBay where people...

1.02pm: US futures point to firm restart on Wall Street The main US stock indexes are expected to start higher on Monday, extending last week’s gains as investors look ahead to the latest inflation data and the key Federal Reserve policy decision due this week. In pre-market trading, Dow Jones Industrial Average (DJIA) futures were...

Analysis by Labor has found that the average homeowner is spending an extra £150 every week since Liz Truss and Quasi Kwarteng’s infamous mini-budget in September. Home owners are being hit by a £7,000 “Tory mortgage penalty”, Labor has claimed, with interest rates tripling from two years ago. Pat McFadden, shadow chief secretary to the...

Women who said they were assaulted or harassed by Crispin Oddie in several incidents over a 25-year period have condemned efforts by his firm’s partners to distance themselves from the scandal-ridden financier. In the wake of a Financial Times investigation detailing decades of mistreatment by Odey of employees and acquaintances, partners at his eponymous firm...

Across the economy as a whole, it is flat, with the Office for National Statistics reporting that output per hour worked was just 1.9 per cent higher by the end of 2022 than in 2019, well below trend growth. What the hell happened to that 13% increase in production we were promised? It just never...

UK house prices recorded their first annual contraction in more than a decade in May as potential buyers were hit by higher mortgage rates, according to lender Halifax. Home prices fell 1 percent last month compared with May 2022, the first annual decline since December 2012, data showed on Wednesday. It comes after the Royal...

The Department for Work and Pensions (DWP) has announced a change to the delivery date for the Pension Board Program (PDP). Pensions Minister Laura Trott, who was elected as the MP for Sevenoaks in 2019, confirmed a change in timetable planning for dashboards. The changes will be set out in the forthcoming regulations to ensure...

Partners at Odey Asset Management said founder Crispin Odey will leave the firm after 13 women accused him of sexual assault. The high-profile financier and his firm are at the center of a growing crisis after the Financial Times reported on Thursday that 13 women alleged Odey assaulted or sexually harassed them in various incidents...

Chiefs at Odey Asset Management have struggled to stabilize the firm after brokers Goldman Sachs and Exane and asset manager Schroders cut ties following allegations of sexual abuse against founder Crispin Odey. The exodus came despite the hedge fund telling clients it was “confident that our service providers will continue to work with us” after...

Netflix’s crackdown on password sharing, which has been rolling out in various parts of the world in recent months, appears to have worked in the United States. The streamer launched the paid sharing feature a few weeks ago on May 23rd. Analytical firm Antenna (via THR). In fact, May 25th through May 28th were the...