Shein accelerates plan for London Stock Exchange listing after US hurdles May 12, 2024 Fast fashion giant Shein is reportedly stepping up preparations for a blockbuster IPO on the London Stock Exchange following regulatory hurdles and pushback from lawmakers across the pond.
Boohoo struggles continue with earnings and sales down – and losses mounting May 8, 2024 The company said its annual core earnings fell by seven per cent, revenue fell by 17 per cent, and the total value of goods sold fell by 13 per cent, after a tumultuous year in which it made multiple acquisitions.
A bad trip: Oxford Cannabinoid to delist from ‘turbulent’ London markets May 8, 2024 Oxford Cannabinoid Technologies has given London markets further bad news after announcing plans to delist this morning.
Octopus Energy now worth over £7bn after two major investors up stakes May 7, 2024 Octopus Energy is now worth more than £7bn after two of its largest investors increased their stakes in the company.
777 Partners takeover of Everton in further doubt after firm hit with legal action May 6, 2024 A prospective takeover of Everton has been plunged into further doubt by legal action from the former owners of Standard Liege. The American private equity firm could lose all of its assets in Belgium as a result. Former owner Bruno Venanzi and the shareholders of Standard’s stadium allege that they have not received the second [...]
Shipbroker Clarkson faces shareholder revolt over CEO pay May 6, 2024 FTSE 250 shipbroker Clarkson is facing its eighth consecutive revolt over its chief executive's hefty pay packet.
BP set for slower first quarter profits and revenue amid lower oil prices May 5, 2024 BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year. The oil super major will give its latest quarterly results in an update on May 7, with profit expected to come in at £5.07 [...]
The week that was: hot property and an optimist’s guide to UK equities May 4, 2024 We wrap up another busy week in the Square Mile
Shell focused on ‘delivering more value’ as speculation around US listing swirls May 2, 2024 FTSE 100 giant Shell has today reported a 15 per cent jump in earnings before interest, tax, deprecation and amortisation (EBITDA) for the first quarter.
Octopus is the UK’s top home electricity supplier – what powers its success? May 2, 2024 Ofgem recently confirmed that Octopus Energy has edged out British Gas to become the nation’s largest domestic energy supplier. The news follows the company’s takeover of Shell Energy (and its 1.3m customers) in 2023. But the last two years have been a fraught time for energy firms in terms of public opinion: if they’ve earned [...]