YSL splashes out record rent on Bond Street as luxury sector shrugs off cost of living concerns April 23, 2023 Luxury goods company Kering is set to pay a record rent for the UK, after agreeing a lease for Bond Street’s Yves Saint Laurent store. Market sources told The Sunday Times that Kering will cough up £13m a year for the six-storey West London store, beating Ralph Lauren’s previous record of £11m. The luxury group [...]
Covid-19 brings Arcadia into administration, but Topshop’s brand has struggled for years December 2, 2020 Retail group Arcadia, owner of British high street giants Topshop and Dorothy Perkins, hired administrators this week after the coronavirus pandemic “severely impacted” sales. The retail empire, which is owned by controversial businessman Sir Philip Green, failed to secure extra funding to pay its debts despite the Black Friday sales period. While the pandemic created [...]
YouGov shares tank 35 per cent after it lowers forecasts June 20, 2024 Sales in its data products division were still slow and its fast-turnaround research services are declining.
Marston’s pubs: No change in Brits’ appetite for a night out May 16, 2023 Marston’s recorded a near 11 per cent rise in sales in the first half on the back of its strong drinks sales, a trend that has continued over the past few weeks. Marston’s said the continued strength of drink sales demonstrated the resilience of its community pub estate in spite of the economic environment. In [...]
Equinor pushes for UK funding to build 1.2GW hydrogen plant June 22, 2022 Equinor has submitted a funding bid to construct a second major low-carbon hydrogen production facility in the Humber region.
M&A Roundup: HY 2022 September 13, 2022 This year has been challenging on many levels – inflation is impacting economic demand, the cost of living crises carries on, and the war in Ukraine continues. However, in terms of M&A, EMEA is withstanding the headwinds rather well. Per Mergermarket figures, deal count totalled 4,963 compared with 6,182 in H1 2021, a fall of [...]
Electric double-decker bus erupts into flames in Wimbledon during rush hour January 11, 2024 A bus has dramatically caught fire on Wimbledon high street this morning, with residents reporting a loud bang and thick smoke.
Proposed pension and investment reforms drive revenue and profits at wealth manager Mattioli Woods February 6, 2024 Mattioli Woods saw its revenue and profits increase during the first half of its financial year.
The Notebook: Can Labour reform public services? The early signs are encouraging July 17, 2024 Today’s King’s Speech is when Labour’s airy rhetoric of change hits the hard reality of legislative grind, writes Neil Bennett.
Astrazeneca to buy China’s Gracell Biotechnologies in $1.2bn deal December 27, 2023 Astrazeneca will buy Gracell Biotechnologies for up to $1.2bn as the Anglo-Swedish pharma company furthers its cell therapy ambitions and boosts its presence in China.