Struggling retailer Joules begs investors for fresh cash as merciless restructure looms November 7, 2022 Struggling retailer Joules has revealed talks with investors including founder Tom Joule to inject cash into the business alongside a possible company voluntary arrangement (CVA) restructuring as sales continue to disappoint. The group said Mr Joule – who has recently returned to the firm as product director – is among a number of “strategic investors” [...]
Oasis world tour: Ticketing companies set for Champagne Supernova August 28, 2024 Ticketing companies are set for a Champagne Supernova of demand as legendary English rock band Oasis has officially reunited after a 15-year hiatus. The iconic Mancunian brothers, Noel and Liam Gallagher, who famously parted ways after a heated backstage bust-up in Paris back in 2009, have set aside their long-running feud to make an on-stage [...]
Lamborghini, Aston Martin & Dior: Why are the world’s luxury brands recession proof? March 27, 2023 Luxury brands are yet to feel the cold wind of recession, with luxury names including Aston Martin, Lamborghini, Bentley and Dior all posting a surge in revenues in 2023. The companies all cite the “resilience” of their wealthy customers in an otherwise tough economic market. Lamborghini is the latest to appear to shrug off soaring [...]
Cazoo shares spiral despite narrowed losses August 1, 2023 Shares in the struggling used-car retailer Cazoo tumbled on Tuesday, as investors failed to gain confidence in the firm’s restructuring and drive to rebound after last year’s crises. Losses improved by nearly 37 per cent year-on-year in the six months to June, narrowing from £241m to £151m – but this was not enough to stop [...]
Landsec: Workers returning to offices in London boost landlord May 17, 2024 A rebound in office use has boosted Landsec's bottom line.
Next shares soar following strong online Christmas sales January 5, 2021 British fashion giant Next today reported a surge in online sales over the Christmas period that looks set to boost profit beyond expectations for the year and help offset high street losses. Full-price sales fell 1.1 per cent in 2020 compared to the year before, beating its central guidance of an eight per cent annual [...]
Pinewood Technologies strikes deal with AI firm to bolster US expansion September 4, 2024 Pinewood Technologies, formerly known as Pendragon, has entered into an advanced subscription agreement with Seez, known for its automotive AI tech, it announced today. Under the terms of the agreement, Pinewood Technologies, which is listed on the London Stock Exchange, said it had agreed to invest $4.2m (£3.2m) as part of a minority investment round. The [...]
London PR firm Powerscourt snapped up amid flurry of comms M&A activity October 11, 2023 US advisory business Morrow Sodali has bought London communications agency Powerscourt for an undisclosed sum, the companies confirmed today.
West End landlord Shaftesbury Capital cheers low vacancy rates in boost for London February 29, 2024 West-End landlord Shaftesbury Capital reported positive earnings and low vacancy rates during the full year.
London firm Powerscourt set to be snapped up in £50m deal October 10, 2023 London public relations agency Powerscourt is reportedly teetering on the edge of a sale to a US advisory firm in a deal which could be worth tens of millions. Powerscourt, which reps big name clients such as fashion retailer All Saints and gambling giant Entain, is set to bought by the US-based stakeholder advisory firm [...]