The London Stock Exchange has missed out some high-profile IPOs in recent periods and with Klarna planning to list its shares, the British government has launched a charm offensive to try to get it to list in London.
Luxury department store retailer Harvey Nichols has relaunched its Rewards loyalty programme. The updated scheme will “instantly” reward customers with a range of personalised benefits and an elevated cash-back offer.
Buy-Now-Pay-Later (BNPL) schemes have been criticised by Which? with the UK consumer body calling for stronger safeguards to stop online shoppers from choosing such loans to pay for products “without knowing the risks”.
Klarna has launched what could be a game-changer for BNPL on desktop with a browser extension “that brings interest-free shopping at all online stores, regardless of whether they are partnered with Klarna or not”.
According to a study by consulting firm McKinsey, buy-now-pay-later services represented six percent of unsecured loans in the United States in 2016, nine percent in 2020 and are expected to rise to 13 percent in 2023.