Mike Ashley’s Frasers Group snaps up online retailer Studio after firm’s funding bid fails February 25, 2022 British retail conglomerate Frasers Group, which owns shops including House of Fraser and Evans Cycles, has acquired online and mail order shopping company Studio Retail Group, following the firm’s collapse earlier this month. Frasers Group – the firm initially set up as Sports Direct International by British retail billionaire Mike Ashley – has acquired Studio [...]
Why London shouldn’t chase Silicon Valley in the global tech race: James Wise July 4, 2024 Every week, Charlie Conchie sits down with the biggest names in financial services, tech and fintech. This week, its venture capital investor and author James Wise.
The Lady Mayoress Joins City Leaders at Mansion House for the Second City Giving Day Breakfast June 15, 2023 The Lady Mayoress of the City of London Felicity Lyons and The Lord Mayor’s Appeal hosted City leaders and CSR professionals yesterday at Mansion House for the second annual City Giving Day breakfast. High-profile guests including Alderman Alison Gowman and Sheriff Andrew Marsden joined thought leaders from some of the City’s most prevalent companies including [...]
House prices continue climb but signs of slowing begin to show September 7, 2021 House prices increased to another record high in August but the pace at which they are climbing is slowing. Monthly growth sat at 0.7 per cent in the month just gone, leaving prices up 7.1 per cent year on year, according to the Halifax House Price Index. The latter figure is down from 7.6 per [...]
Selfridges’ new chief faces an uphill battle August 13, 2024 Selfridges’ new CEO, André Maeder, has his work cut out for him. The company has managed to survive the gruelling pandemic years – largely by cutting jobs and moving online – a tough cost-of-living crisis and an acquisition in 2022. But seasoned retailer Maeder, who was officially announced two weeks ago and starts in November, [...]
Wickes reports lacklustre sales as DIY projects fall from pandemic highs October 27, 2021 Supply store Wickes has seen like-for-like sales slide 1.6 per cent from a year ago in the third quarter to September 25, as fewer people turn their hand to home improvement projects after the end of lockdowns. The Watford-headquartered retailer said that its sales remained 16.3 per cent above 2019 levels, but it hadn’t sustained [...]
Mark Kleinman’s 2024 bold predictions: A BP bid, a new gig for Rose and much, much more January 4, 2024 Mark Kleinman gets the City of London talking - and his ten bold predictions for British business in 2024 will certainly do that
Friend or foe? Why short sellers are in the headlines again September 9, 2023 Short sellers can call out fraud and malfeasance but many want a firmer regulatory watch over their activities
FTSE 100 stocks to watch January 20, 2022 With January underway, we look at two high volume FTSE 100 stocks that you should keep an eye on in the coming months. 1. Lloyds In mid-December 2019, Lloyds was worth a respectable 64p per share. But after the pandemic-induced mini-crash, it had collapsed to 25p by September 2020. But after significant volatility, it’s recovering in the [...]
Demand for houses worth £1m is greater outside London than inside August 11, 2021 London is losing its grip on the luxury housing market with more homes worth £1m sold outside the capital than inside for the first time. Data provided by the HM Land Registry has revealed that 51 per cent of the 6,573 homes that sold for more than £1m in England and Wales were based outside [...]