Author: WTX Business Team

Business Live: US & UK markets monitoring. Market data: FTSE 100, NASDAQ, FTSE 250, Pound/Dollar, Pound/Euro, US markets, Oil price and so much more

Mercedes Unveils Fastest Accelerating AMG Model Yet: The GT 63 S Coupe Mercedes has just revealed the highly anticipated GT 63 S Coupe, which is set to be the fastest accelerating AMG series model to date. This powerhouse of a car is equipped with a 4.0-litre biturbo engine paired with an electric motor, producing an impressive 804bhp and 1,420Nm of torque. With a 0-60mph time of just 2.6 seconds and a top speed of 198mph,…

Read More

Adidas has announced it is set to make profits of €700m (£598m) in 2024. The announcement comes after the German sportswear giant’s messy situation with Kanye West and his Yeezy shoes. In February, Adidas announced it would sell its remaining Yeezy trainers from its partnership with West for at least cost price. 

Read More

After 20 years of providing discount shoppers with a treasure trove of bargains, Bargains in a Box is closing its doors for good. The retailer, known for selling everything from toothpaste to electronics out of large cardboard bins, will be shutting down its last store this Sunday. The decision to close Bargains in a Box comes from the family-owned parent company, The Bazaar Inc., which plans to focus on its wholesale overstock business. CEO Bradley…

Read More

UK economy: No overall improvement for business in Q1 The UK’s economy hasn’t gotten better for businesses in the first part of this year. A recent survey by the British Chamber of Commerce found that things like investments, sales, and cash flow didn’t really improve. Even though some companies expected their sales and profits to go up in the next year, overall, business conditions stayed the same. Many businesses, especially smaller ones, didn’t invest much…

Read More

Disney+ plans Netflix-style password sharing crackdown Disney+ is preparing to follow in the footsteps of its streaming rival Netflix and will begin cracking down on password sharing from June. CEO Bob Iger made the pledge on Thursday, as the entertainment conglomerate looks to boost subscriber growth and make the business profitable. Netflix made the move last year and added almost 22 million subscribers in the second half of 2023. However, it is bad news for…

Read More

The lead for the London business newspaper CITY AM reports consumer goods giant Unilever topped the FTSE 100 leaderboard on Tuesday as news of job cuts and a spin-off of its ice cream business appealed to investors. Online, the paper leads with the latest UK inflation rates.

Read More

Ted Baker calls in administrators putting 86 stores at risk of closure Hundreds of jobs at high street store Ted Baker are at risk as it plans to appoint administrators. No Ordinary Designer Label, owned by Authentic Brands Group (ABG), filed a notice of intention to appoint administrators today. While the scale of closures is currently unclear, there are 86 Ted Baker stores across the UK. Ted Baker was bought by ABG for about £…

Read More