The Range, the value retail chain, has struck a deal to buy the Wilko brand from its collapsed rival’s administrators.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Four people face fraud charges over Patisserie Valerie collapse
Four people have been charged in connection with the collapse of Patisserie Valerie – a bakery chain that once had almost 200 stores.
France tells Apple to halt iPhone 12 sales over radiation levels
France has ordered Apple to stop selling the iPhone 12 for emitting too much electromagnetic radiation.
Government announces it has reached £1bn loans given to 100,000 small firms
The UK government has handed £1bn out to small firms via its start up loans scheme. The programme, created to help entrepreneurs start and scale up their business has now provided the funding to over 100,000 businesses across the country.
UK economy contracts by surprise 0.5% in July
The UK economy contracted much faster than expected in July, weakened by industrial action, wet weather and higher borrowing costs, official figures showed.
BP boss Bernard Looney resigns after failing to reveal relationships with colleagues
The chief executive of BP has resigned less than four years into his tenure after admitting that he failed to fully detail relationships with colleagues.
Triple lock means state pension set to rise by 8.5% in April
The state pension is likely to rise by 8.5% in April after data crucial to the so-called triple lock was published.
UK’s biggest pub group to introduce surge pricing charging 20p more a pint at busy times
A pint of beer during the busiest periods will cost drinkers 20p more under a “dynamic pricing” system introduced by Britain’s largest pub group.
HS2 hold-ups put 2,000 jobs at risk as assembly plant could run out of work
Thousands of high-value manufacturing jobs are at risk because Britain’s largest train assembly plant is due to run out of work by the end of the year after delays in the contract to build high-speed rolling stock for HS2.
Wages outstrip inflation for first time in over a year
Workers’ wages outstripped the pace of inflation for the first time in over a year in July, helping ease the strain on households who have suffered from an erosion in their real pay.
Electric vehicle leasing group Onto collapses after L&G pulls plug
Electric car subscription company Onto has entered administration just over a year after securing nearly £150m in funding.
Luxury retailers are choosing China over London as ‘tourist tax’ bites
Luxury retailers are choosing China over London as the “tourist tax” stifles a post-pandemic shopping resurgence, the head of a payments processing company has warned.
Hunt rules out tax cuts before next general election
Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”.
The TUC reports UK government to UN over new strike law
The Trades Union Congress (TUC) says it is reporting the UK government to the United Nations watchdog on workers’ rights over a new strikes law.
All 400 Wilko stores to close by early October
The Wilko name will disappear from UK High Streets as a rescue deal for the chain fell through.
















