Metro Bank Holdings Plc said deposit trends had normalised following a rescue deal in October that had triggered outflows. Its deposits were £15.6 billion at the end of September, up 1% from three months earlier and 5% lower than a year ago, the bank said, citing “continued momentum in personal and business current account growth and customer acquisition.”
The fast-fashion retailer reported what it called a “substantial recovery,” with customers seemingly more willing to accept higher prices amid the biggest inflationary surge in decades. What’s your take? Ping me on X or drop me an email at Business NewsĪssociated British Foods Plc expects Primark’s adjusted operating profit margin to top 10% this year, up from 8.2% for the year ended Sept. 16, with further improvement depending on levels of consumer demand. Wheel Topco, known for the Pizza Express chain, has decided not to go ahead with an offer for the Wagamama owner, “due to market conditions.” Amid all the hubbub, the stock has already surpassed Apollo’s offer price of 65 pence per share. It looks like US private equity giant Apollo Global Management may face less competition in its pursuit of The Restaurant Group Plc.
