BUSINESS LIVE: Competitions are being administered; Pollen Street makes bid for Mattioli Woods; Info-ups guidance

Matches Fashion has gone into administration less than three months after its takeover by Frasers Group.

Given the plethora of warnings from one-star reviews that there may be unknown charges on your card, it seems fortunate that Adam opted to contact a friend first before committing to a lifetime subscription.

The plethora of reviews criticizing the app in question indicates that many drone owners haven’t been so lucky.

The outgoing Marks and Spencer boss has been tipped to lead John Lewis.

Katie Bickerstaffe, who was the first woman to lead M&S when she became co-CEO two years ago, will leave the company in July.

Women across Britain in car garages are plagued by ‘pink price bias’, according to a new undercover report.

Car management app Caura recently conducted a blind survey of garages and service centers, and the gender pricing disparity identified in it has been described as ‘shocking’.

Our financial services industry is leading and well-paid. It is a part of the economy that benefits women and men across Britain. Growth, competitiveness and profits depend on attracting and retaining the very best people.

I’ve had a successful career in city politics for 20 years, so I’m no stranger to the issues facing women in financial services.

Informa has raised its profit forecast for this year after more than doubling its profits for 2023, as the British events organizer benefited from the return of live events after a pandemic-induced slump and strong performance in its markets.

The world’s largest stock exchange group raised its adjusted operating profit forecast for 2024 to a range of £950m to £970m, up from January’s forecast of between £945m and £965m.

Informa said it would continue to deliver shareholder returns into 2024, with dividend growth and minimum share buybacks of £340 million.

British private equity investor Pollen Street Capital has agreed to acquire asset manager Mattioli Woods for around £432 million, betting on the UK wealth management market.

The deal, which valued Mattioli at around 804p per share in cash, represents a 34 percent premium to the London-listed company’s closing price on Thursday.

Insurer Admiral said car premiums have peaked in a welcome relief for drivers.

Car insurance prices reached a record high last year as inflation pushed up the cost of claims. But Milena Mondini de Focatiis, chief executive of Britain’s largest car insurer, said she has stopped raising the cost of car cover.

The FTSE 100 company has even cut some prices to attract customers from rivals.

Matches Fashion will go into administration after ‘consistently’ missing its targets and suffering ‘material losses’, less than three months after it was bought by parent company Frasers Group.

Matches, which was bought by Frasers for £52 million in December, is said to require “too much change” to restructure. And Sport Direct owner Frasers said the money Matches would need to continue operating would be “much higher” than what it considers feasible.

“In light of this, Frasers has been advised that the directors of Matches have made the decision to place the Matches group into administration,” Frasers said on Friday.

“Frasers remains committed to the luxury market and its brand partners.”