Posts Tagged ‘High Street’
Debenhams reports rise in half-year profits
Department store Debenhams appears to have bucked the trend on the High Street after reporting a rise in half-year profits. The retailer, which has 167 stores in the UK and Ireland, said pre-tax profits for the six month period to 26 February totalled £125.3 million – up from £114.5 million in the same period a [...]
ICB calls for more competition among banks
An interim report published by the Independent Commission on Banking (ICB) has said more competition is required in retail banking. The ICB, which was established in June 2010, has until September 2011 to make its recommendations about the banking industry to the Government and one of its suggestions is for banking giant Lloyds to sell-off [...]
New High Street bank opens in London today
Metro Bank, which aims to make banking a “fun retail experience” opens in Holborn, central London today.
The bank is Britain’s first new high street lender for more than a century and it has pledged to return to “core banking values”.
The bank said it will employ more cashiers than the existing “big four” banks, while keeping [...]
High temperatures will boost retail sales
Earlier this month, the Office for National Statistics (ONS) revealed a strong performance on the High Street for the month of May – boosted by the sales of televisions in the build-up to the World Cup tournament.
However, England’s early exit from the World Cup coincided with a heatwave and according to retail analysts, sales of [...]
City Watchdog criticises banks over customer complaint handling
City Watchdog, the Financial Services Authority (FSA), has criticised the UK’s largest High Street banks for the poor way they handled their customers’ complaints.
Five of the banks, who have not been identified, have agreed to make “significant” changes to the way it handles complaints.
However, two of the banks are being investigated further and may [...]