In The Style Announces Workforce Reduction Amid Financial Struggles
In The Style (ITS), the Manchester-based fast-fashion retailer, has announced a workforce reduction as it navigates financial challenges and prepares for a return to the London Stock Exchange. The company reported a pre-tax loss of £2.6 million for the fiscal year ending March 31, 2024, with total revenue dropping significantly. This strategic shift aims to streamline operations amidst declining sales across all markets. As negotiations with Iconic Labs for a potential acquisition continue, the future of In The Style remains in focus.
Why National Grid Shares Might Be One of the FTSE 100’s Best Income Stocks
A recent pullback has left National Grid shares looking cheap. Here’s why I think this might be one of the FTSE 100’s best income stocks. Make money on autopilot? That’s the general idea with passive income. And if I wanted…
Telia CEO highlights sustainability and digital credentials in final results before departure
Telia CEO Allison Kirkby used her final quarterly results at the company before leaving for UK operator BT to highlight its sustainability and digital credentials, backing the company’s incoming boss Patrik Hofbauer to build on solid foundations already in place….