Rukmini Iyer’s quick and easy recipe for scallop, leek and mushroom gratins | Quick and easy
Laura Ashley bought by US owner of Ben Sherman
Laura Ashley has been acquired by New York-based Marquee Brands, the owner of 17 businesses including Ben Sherman and Martha Stewart.The clothing and home furnishings brand, best known for its floaty floral frocks, has been sold by Gordon Brothers.Gordon Brothers has owned Laura Ashley since 2020, when the US restructuring specialist bought the business out of administration after it became the first major retail casualty of the Covid pandemic.The company, which has no stores of its own, made a return to the high street the following year through a deal with Next.Laura Ashley also has deals in place with DFS and John Lewis in the UK, and is available in 150 shops globally via a network of overseas licensees
Profits at GB News owner Paul Marshall’s hedge fund plunge
Profits at the hedge fund co-founded by the GB News and Spectator owner Sir Paul Marshall plunged by almost two-thirds last year, resulting in significantly reduced payouts for its partners.Marshall Wace, one of London’s most successful hedge funds, has declared profits of £192m in the year to the end of February 2024, a sharp fall of 64% compared with the £538m the previous year.Marshall Wace was founded in 1997 by Marshall and Ian Wace and manages more than $71bn (£57.2bn) in funds, making it one of the largest of its kind in the world.Last year, Marshall sealed a £100m takeover of the Spectator magazine, adding to a media empire that includes backing the often controversial GB News TV channel and the UnHerd website
‘It didn’t come as a surprise’: UK workers on being forced back into the office
Christina says it is a “logistical nightmare” working out the school and nursery runs after being ordered to return to the office for three days a week from January. “It didn’t come as a surprise but it was devastating,” she says.The 34-year-old chartered accountant from Scotland was told by her employer that office attendance would be “strictly enforced” in the new year with days potentially increasing based on business need. Her husband, who works in finance, was already working three days in the office after it was mandated in October.Christina is one of scores of people who shared with the Guardian how they felt about bosses reducing the time they spend working from home
‘Drab December’ caps another year of declining footfall on UK high street
High streets and other shopping destinations have had a “drab December”, ending another year of falling visitor numbers and raising fears of disappointing sales in the most important month for retailers.Attendance at UK shopping centres, retail parks and high streets was down 2.2% in December compared with the same period in 2023, according to data from the British Retail Consortium (BRC) and analysts at Sensormatic. The decrease was led by a 3.3% decline at shopping centres
Early phase-out of full hybrid vehicles may be a political risk too far for UK ministers | Nils Pratley
The main timetable is set: no new petrol and diesel cars will be allowed to be sold in the UK after 2030, and sales of all new hybrids will be forbidden from 2035. But that phasing still leaves open the critical matter – for the automotive industry, and for a couple of manufacturers in particular – of which new hybrids will be allowed to be sold until the last day of 2034.Just the variety that comes with a socket – plug-in hybrid electric vehicles (PHEVs)? Or should old-style hybrids, such as the Toyota Prius, which have smaller batteries charged by a main internal combustion engine, also be permitted?Cue an almighty lobbying effort now that the government is finally promising an answer to a question that should have been settled years ago given the long lead times in vehicle manufacturing. A formal consultation was launched on Christmas Eve – and a decision is promised within weeks.In one corner is Electric Vehicles UK (EVUK) – an industry group that, as its name suggests, is pushing for the adoption of electric cars as quickly as possible
Pound falls after weak UK factory data as US dollar rises – as it happened
The pound has fallen by 1% against the US dollar to below $1.24, its lowest since April.Sterling was not helped by weak factory data, which suggests that the UK economy may have some way to go before it picks up the growth momentum for which the Labour government is aiming.But as ever with currency movements, there are two sides: on the other, there is the rise in the value of the US dollar as investors position for the second Trump administration. The dollar index against a trade-weighted basket of currencies has risen as high as 108
Luke Littler reveals that rewatching last year’s final defeat inspired PDC triumph
Littler’s imperious PDC world title may be start of darting domination
Luke Littler beats Michael van Gerwen 7-3 to win PDC World Darts Championship final – as it happened
Luke Littler thrashes Michael van Gerwen to claim historic world title
Thunderous 144mph aces: Mpetshi Perricard leads ‘serve-bot’ revival
Copperhead to roll back years and land battle of the veterans at Sandown