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Investors are racing to buy British debt as traders ramp up bets that the Bank of England will start cutting interest rates before the US Federal Reserve. Official data showed the US rose by more than expected in March in a blow to US rate cut hopes.
Ted Baker's US licensing partner is reportedly a leading contender to take control of the fashion brand's British operation weeks after it collapsed into administration.
A beloved East Bay restaurant celebrated its founders 90th birthday on Tuesday.
In yet another blow for the beleaguered British high street, iconic fashion brand Ted Baker is closing 15 stores across Britain – sparking the loss of 245 jobs.
Fashion retailer Ted Baker is set to close 15 stores across the UK within weeks, leading to the redundancy of approximately 245 staff members. The closures come after the brand collapsed into administration last month, with additional job cuts at its head office.